At what price do you hedge??

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  • johnnymapalo
    SBR MVP
    • 06-14-08
    • 2999

    #1
    At what price do you hedge??
    Now, I don't really like hedging like I said before and most people called me an idiot because I said I would never hedge. I told them that you must have confidence in your picks and let them ride out. Now, I just saw this guy on another site make 1 five dollar parlay with 10 teams to win $4,600 and another $10 parlay for 5 teams to win $450. He has won 9 bets on the 10 ticket and 4 bets on the 5 ticket and is waiting for Mets -1.5 runline on both tickets to cash. Now, before the game this guy was asking people if he should hedge the bet.

    I'm saying why hedge a $15 bet. It makes no sense to me. So anyways buddy hedged with $1000 on Colorado +1.5 just incase the Mets don't win. Now, I see the Mets score and lI'm aughing to myself. Why would u hedge a $15 bet with $1000 dollars. Why would u even hedge a $15 bet.. If you win, you win less $1000. If you lose you only lose $15. What the hell??? Can somebody explain this action to me??
  • Brady2Moss
    SBR MVP
    • 07-02-08
    • 1500

    #2
    This game is all about profit, your friend made the smart move.
    Comment
    • johnnymapalo
      SBR MVP
      • 06-14-08
      • 2999

      #3
      Originally posted by Brady2Moss
      This game is all about profit, your friend made the smart move.
      So you would hedge a $15(total) parlay. With $1000 at that. 15 bucks. . I guess it's all about winning something..I once had a 5 team parlay $20 for $250 and it was one team to go and I was thinking about hedging for like $100 on the dog. I decided not to and let it ride because $20 was nothing to me. Good thing I won and lost nothing. If I make picks I make them because I feel they can win. I never doubt myself..
      Comment
      • jtuck
        SBR MVP
        • 02-18-08
        • 2051

        #4
        Because he guaranteed a large profit with a 15 dollar investment. if the mets were losing or in a close game right now then he'd be sh!tting his pants. Now he can lay back and relax. Obviously now hedging doesnt look smart. To answer your question, it is only in a situation like this that i would hedge, and i really dont see myself in this position
        Comment
        • johnnymapalo
          SBR MVP
          • 06-14-08
          • 2999

          #5
          And you see, alot a people knock parlays but now the man won $5,000 off of a $5 and $10 parlay.. I love parlays. Those shits are exciting. I never spend no more than $20 on a parlay though and no more than 5 teams...
          Comment
          • Brady2Moss
            SBR MVP
            • 07-02-08
            • 1500

            #6
            Even the best handicapper in the world wont predict anything near 100%

            If you have a chance to hedge, you do it.
            Comment
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