1. #1
    LizReed44
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    Hedge Question....for the Sharps

    With an early cigar-lighter on the Blue Jays, it would appear as though a number of hedge options are available. I'm inclined to play the Padres, A's and Stros all at +1.5 (so as to set up a middle and a hedge, but if anyone has any ideas, please feel free to toss 'em out there:

    Aug 29 12:58 PM
    by: INTERNET
    19235539 MLB

    MLB
    Aug 29 08:05 PM

    Aug 29 01:08 PM
    PARLAY (2 TEAMS)
    [915] SFO GIANTS -160
    ( ACTION )
    [917] TOR BLUE JAYS +220
    ( ACTION )
    25/105
    Aug 29 12:59 PM
    by: INTERNET
    19235544 MLB

    MLB
    Aug 29 01:08 PM

    Aug 29 07:05 PM
    PARLAY (2 TEAMS)
    [917] TOR BLUE JAYS +220
    ( ACTION )
    [920] CLE INDIANS +120
    ( ACTION )
    25/151
    Aug 29 12:59 PM
    by: INTERNET
    19235550 MLB

    MLB
    Aug 29 06:35 PM

    Aug 29 01:08 PM
    PARLAY (2 TEAMS)
    [905] ATL BRAVES -130
    ( ACTION )
    [917] TOR BLUE JAYS +220
    ( ACTION )
    25/116
    Aug 29 01:00 PM
    by: INTERNET
    19235556 MLB

    MLB
    Aug 29 08:05 PM

    Aug 29 07:05 PM
    PARLAY (2 TEAMS)
    [915] SFO GIANTS -160
    ( ACTION )
    [920] CLE INDIANS +120
    ( ACTION )
    25/64
    Aug 29 01:00 PM
    by: INTERNET
    19235564 MLB

    MLB
    Aug 29 06:35 PM

    Aug 29 08:05 PM
    PARLAY (2 TEAMS)
    [905] ATL BRAVES -130
    ( ACTION )
    [915] SFO GIANTS -160
    ( ACTION )
    25/46
    Aug 29 01:00 PM
    by: INTERNET
    19235584 MLB

    MLB
    Aug 29 06:35 PM

    Aug 29 07:05 PM
    PARLAY (2 TEAMS)
    [905] ATL BRAVES -130
    ( ACTION )
    [920] CLE INDIANS +120
    ( ACTION )
    25/72
    Aug 29 01:01 PM
    by: INTERNET
    19235591 MLB

    MLB

    MLB
    Aug 29 08:05 PM

    Aug 29 01:08 PM

    Aug 29 07:05 PM
    PARLAY (3 TEAMS)
    [915] SFO GIANTS -160
    ( ACTION )
    [917] TOR BLUE JAYS +220
    ( ACTION )
    [920] CLE INDIANS +120
    ( ACTION )
    50/522
    Aug 29 01:01 PM
    by: INTERNET
    19235598 MLB

    MLB

    MLB
    Aug 29 06:35 PM

    Aug 29 08:05 PM

    Aug 29 01:08 PM
    PARLAY (3 TEAMS)
    [905] ATL BRAVES -130
    ( ACTION )
    [915] SFO GIANTS -160
    ( ACTION )
    [917] TOR BLUE JAYS +220
    ( ACTION )
    50/410
    Aug 29 01:02 PM
    by: INTERNET
    19235607 MLB

    MLB

    MLB
    Aug 29 06:35 PM

    Aug 29 01:08 PM

    Aug 29 07:05 PM
    PARLAY (3 TEAMS)
    [905] ATL BRAVES -130
    ( ACTION )
    [917] TOR BLUE JAYS +220
    ( ACTION )
    [920] CLE INDIANS +120
    ( ACTION )
    50/572
    Aug 29 01:03 PM
    by: INTERNET
    19235618 MLB

    MLB

    MLB
    Aug 29 06:35 PM

    Aug 29 08:05 PM

    Aug 29 07:05 PM
    PARLAY (3 TEAMS)
    [905] ATL BRAVES -130
    ( ACTION )
    [915] SFO GIANTS -160
    ( ACTION )
    [920] CLE INDIANS +120
    ( ACTION )
    50/266

  2. #2
    Double Bogey
    Double Bogey's Avatar Become A Pro!
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    Did you place the parlays with the intention of hedging? You should never hedge unless you have big money involved or if you cap a game to go the opposite way based on new info. Otherwise you are cheating yourself in the long run.

  3. #3
    frogsrangers
    Zackary > Angelito
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    Playing parlays for the sole purpose of hedging them is not a good idea

    You are better off straight betting that cigar lighter game than using it in parlays to hedge down the line.

    For example, you do a 2 team parlay, at $100 to win $260, and your first game hits. The second game, you hedge $90 on the other side, and you guarantee yourself a $70 profit no matter what.

    But if you just bet $100 on the first game of the parlay, you would have won $90.

    You lost $20.

    Things change when the first bet of the parlay is at + money, but again, the odds are still stacked against you.

    Hedging should only be done when you are either insuring a huge amount of money or completely OK with the lesser payout you will get. For example, hedging against a $500 bet, or if you have hit the first 6 games of a 7 game parlay, you are OK with hedging against that last game and guaranteeing your profit.

    But in the long run its better off straight betting.

    I know a guy who would always throw the monday night game into his huge parlays, and say "If I get this far, I just hedge against the monday night game! It's like I am getting a 7 team parlay for an 8 team payout" but you are better off just betting a 7 team parlay than an 8 team parlay with the intention of hedging against that last game.

  4. #4
    LizReed44
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    Thank you both - since I also had the Bravos wrapped in a 3 team Round Robin (with the Reds and Rays), I did decide to run line the Padres only because I have so much keyed on that game now.

    But to put the A's on the RRL is absurdly expensive (-280) and the Stros are...well, the Stros.

    So I guess I'll ride the night out and see what happens.

    Thanks again...

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