Question on hedging a futures bet

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Meaning Dodgers +300 before the 1st game, I wouldn't do this if this was the price during a series Tampa was already ahead in.
 

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You guys with the hedging. It's simply not good practice and a waste of mental energy. It's like buying insurance in blackjack, sure you feel good when it hits, but in the long run its costing you money. Hedging is buying back at a premium. Do you guys also do this on all your straight wagers? Team up 15 at the half so you buy out on the other side?

This game is about the sum of money you win, not about the number of wagers that show a profit. I hope people on here understand that last sentence.

As i said earlier i had Tampa to win the WS have never thought for a second to hedge anything. I believe in them, they are winning, why would one ever bail or give back a cent in +ev. It's hard enough to win at this game let alone give back a percentage to the books on your hits. Now sure, if a book had the Dodgers +300 to win this series then i'll hedge out.

Well - if you no longer think your future bet is going to win, I think it is worth hedging. I think it is less likely for someone to change an opinion during a straight bet but if you are betting someone to win the World Series and you no longer think that will happen, I don't think its a bad idea to hedge
 

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