Guaranteed money using "hedging"?

[mizagot]

OK, I am not a big gambler, so the amounts of money are laughable to you pros out there, but I need to test my logic/math skills.

If a book gives me a Bonus Play (let's say $50) as part of a bonus offering (so it's njot really "mine").

Isn't it true that I can guarantee about half of that will go into my pocket (minus vigorish) if I:

- put the Bonus Play $50 dollars on team A ATS
AND
- put $25 on team B ATS with my own funds

Assuming I get the same line (or even better, a potential middle), I am guaranteed to win about half, and it will belong to me --- Right?

Is this a form of what's called "hedging"?

I guess I am not 100% confident in my math. Thanks to anyone who can confirm.

 

[jim333]

The answer is yes, but some books wont like it or maybe not even allow it. Although I dont recommend parlays, I'd rather use the freeplay in a 2 team parlay, as this way you have the freeplay money going into the 2nd game. as the books wont give you the freeplay risk amount.

If you bet a straight at -110 with your fp and win, you only get back 45.45. If you then took that cash and bet a game with the 45.45 you win 41.27 = 86.72

If you do the fp as a 2 tm 50 parlay you win 130 (minimum 13/5 odds at all books) $42 more, and you know you would bet a 2nd game anyway.

I've hedged parlays in the past where ive had 4 teams already won out of a 5 team parlay. Put some money in the opposing last team to guarantee myself money. But only use parlays with your money as a lottery ticket only, stick with straights.

Good luck.

Jim

 

[mizagot]

Thanks for the reply. Glad to see I'm not far off.

I would consider the two plays at different books (play the freeplay at one, play the other side at another book), as I imagine it wouldn't be alllowed at one.

Good stuff on the parlays, though they are not my favorite.

 

[Woody0]

Doug wrote the book on how to get the largest % out of Matchplay (freeplay). A good thread to read and maybe bookmark for future reference.

http://forum.therx.com/showthread.php?t=323590

 

[mizagot]

Awesome, Woody0! Thanks for posting