I did a 4 team parlay which I rarely do, for 50 bucks for fun.
It consists of 1. Giants -3. 2. Under 48 for that game
3. St Louis cardinals game 1 ml. 4. Under 7 for that game
The first two have already hit.
Is there anyway to hedge to gurantee a profit?
Pays out 650.
If this was a 3 teamed it would be an easy hedge but the 4rth is throwing me off
I don't usually do this so any hedging expert way in please!
Last edited by Itsamazing777; 10-21-13 at 10:52 PM.
there are 4 scenarios that could play out still. Make a system of linear equations with 4 variables and solve
a = original parlay net profit
b = boston + under net profit
c = boston + over net profit
d = st louis + over net profit
z = total profit
a wins) 650 - b - c - d = z
b wins) -50 + parlayodds*b - c - d = z
c wins) -50 - b parlayodds*c - d = z
d wins) -50 - b - c parlayodds*d = z
solve for b, c, d, and profit (find an online matrix calculator). Assuming boston -118, stl +113, over7 -115, you'll want to make the following parlays
bos + under = 184.83
bos + over = 202.67
stl + over = 175.78
for a profit of 86.72 (assuming the o/u doesn't push. in that case, you'll either win 162 if bos wins or lose 56 if stl wins).