how it would be a pro approach on hedging?

[Alpha male]

hey all
i d like to begin hedgin my bets and need help

talking about single bets or 2 legs parlay max

is there an Excel formula or smth to calculate if there will be profit?



cheers

[KVB]

If you make a two leg parlay with the intent of hedging if you win the first leg, just bet the first leg by itself.

You will find erosion from vig if you do it otherwise.

If you are making a single play with the intent of somehow "hedging" it, maybe LIVE or halftime, then you might want to reconsider why you made the first play to begin with.

You might think about arb attempts, from differnet books, first, before making bets with the intent to hedge down the line.

There is some math here, a spreadsheet could tell you something, I use a trading spreadsheet when trading games, in game, but that's a loose form of hedging and middling. We're talking about a simple risk, to win, and total payout columns that vary with each situation.

But again, if you make a two pick parlay, and win the first bet, buying the other side of the second bet will not lead to profit over time. You are better just making individual bets and winning that first one.

The handicapping process matters too, don't take an edge and hedge it away, just win or lose with it and move on to the next opportunity.

[dmm]

hey all
i d like to begin hedgin my bets and need help

talking about single bets or 2 legs parlay max

is there an Excel formula or smth to calculate if there will be profit?



cheers

I use Pinnacle's calculator for this. It can handle 2-way or 3-way wagers.

https://www.pinnacle.com/en/betting-resources/betting-tools/arbitrage-calculator

[KVB]

I use Pinnacle's calculator for this. It can handle 2-way or 3-way wagers.

https://www.pinnacle.com/en/betting-...age-calculator

Yeah, this definitely matters on why you make the bet, or handicapping.

But in the end, making a two pick parlay with the intent of going against the final leg to ensure profit is not going to pay off over time.

Just make that first bet, if you win you gain the wins, if you lose you get the loss. If you carry the win over to another play, then you are just giving away more commission when you "hedge" against it.

And, really, in the case of a two pick, it's not a hedge, even though it appears to be.

Here's what's happening. You are making a larger wager on the second game when you win the first, but then you are selling back some of that larger wager.

Why bet $200 on the cowboys, when you had cash in hand from the first play, only to bet $100 the other way? Think about it. it comes down to understanding just what a parlay is...

https://www.sportsbookreview.com/forum/players-talk/2940931-vigorish-what-do-you-pay.html

...For the forum, if the point spread is a 50-50 proposition, and each individual play has a price of -110, then, as percentage to two decimals, how much vigorish is the bookie keeping on a two pick parley that pays +260. Why do you think shops these days offer +265?..

Read that entire thread before proceeding. Understand that a parlay is just that, a parlay of multiple bets, not just two seperate bets that "pay odds."

For making the decision to hedge a two pick parlay from the outset, and not with changing information mid game, this is an important concept. I realize the appeal, especially with staggered time starts, but it's costly, to say the least.