To Hedge Or Not To Hedge???

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I am sorry for using the "R" word - and NOTHING EL
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the important thing to realize is there is a HUGE difference between Hedging and Middling


for example - if you have Under 50 in a game and the score at 1/2 is 7-3 and the 2nd half total is 24 - you have an ENORMOUS "middle" opportunity.

if you play OVER 24 - they can score 30 points and you STILL win BOTH plays - over for the half - under for the game.
 

Give BB 2.5k he makes it 20k within 3 months 99out
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I have to admit that I finally HEDGED my bet and will win good coin no matter who is elected president...:drink:





Shrink:


I guess this means that it's ok to hedge your bets huh?
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ODU GURU
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Hitman,

As a rule, I don't normally hedge. I understand how one can argue hedging to lock up a profit no matter the outcome in certain circumstances...

But I always try to remember the times I am not in a position to hedge and that by hedging, I am MINIMIZING RISK, but at the same time, I am MINIMIZING my PERCENT ADVANTAGE & PROFIT....

Ken
 

Give BB 2.5k he makes it 20k within 3 months 99out
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Shrink:


I too rarely "hedge" but I did the same thing on the election because I got scared that I was holding a losing ticket on Kerry. I originally had Kerry +235 risking 2 dimes. Earlier this week I decided to take Bush for the max that I would have won on Kerry -154. Now if Kerry wins the election I will break even, if Bush wins I will win a little over a dime. The main reason I did this was because if Bush wins the election I will have a dime profit for zero risk. I sure hope I don't win the dime and I hope I break even.
 

ODU GURU
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Hitman,

I hear ya buddy and used almost the identical reasoning as you but I will make more of a profit if Kerry wins and since I like his chances, why not?
 

Give BB 2.5k he makes it 20k within 3 months 99out
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Shrink:



Yes in theory I made a huge blunder because I risked more on the sharper line compared to the rouge line. In theory I gave away a ton of my advantage/percentage that I had with Kerry +235. The best thing would have been to do nothing (in theory). But as the line rises on Bush it could turn out that I, and you too, made a great decision by hedging. If the closing line is Bush -164 or higher but less than Bush -235 then I maximized my bets becaue I had an advantage on both bets.



This is an extreme example and opportunities this big are rare when it comes to sportsbetting.



Thats my take
Hitman
 

hacheman@therx.com
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I see no problem with hedging if you have either an unusual amount up for grabs compared to your normal wagers, or as if General explained, a small wager that can guarantee a large profit. Best hedge usually comes at halftime though. Many do this of course ,but there are some that don't completely understand.Let's say you have $100 on a 2 team parlay on Dallas -4 and Tampa Under 38.5 Dallas has already covered early. Tampa is at halftime with the score 7-3=10 points, leaving me 28.5 points left and clearly on pace to go under. 2nd half line is o/u 17, but I am worried that the 2nd half might speed up a bit so I wager Over 17 for the same amount I wagered on the Parlay, $100. If it does go under the 17, obviously I lose the 2nd half $100 wager, but I win my original parlay which pays approx. $260, still giving me profit. BUT, by placing that 2nd half Over 17 bet, I am doing 2 things. First, Im covering my Azz just in case the 2nd half does speed up as it does many times, and it somehow goes over the 38, I would lose my $100 parlay but win back my$100 on the over 17. Secondly, and most important, I am giving myself an opportunity to win 2 wagers. If it goes over the 17 in 2nd half, I obviously win my $100 wager, but I then still have an 11 point gap/middle for it to stay under the 38.5 and I also win my $100 parlay which pays the $260. So as long as the total of the game goes Over 27 & stays Under 38.5, we hit both. Very simple, you are risking nothing and giving yourself a chance to win 2 wagers and much more than you anticipated with your original parlay. Opportunities like this come quite often if you have the convenience of being at your computer through most game-days.
 
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Another Day, Another Dollar
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Texas over 60 (24-14 half) and under 31 for second half. I think an example of Hache's post.
 

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