Hypotheticaly Question: Optimal way to hedge parlays?

[permaslope]

I'll preface this by stating I am well aware that its not optimal to hedge a staggered parlay unless the buyback is +EV on its own. With that out of the way, let me explain the situation:

Hypothetically, the only way to make a bet is by parlaying 2 or 3 games which pay +260 and +600, respectively. Let say I only have an opinion on one of these games but must parlay it with 1 or 2 other random games. Due to scheduling, I can stagger the last two legs of the parlay to start on different days. The break even per leg on the two team is approx -111 and on the three teamer is -109. If I only want to hold onto one leg with other(s) a random pick, what is the best way to play this besides stomaching the variance and letting every leg ride?

[permaslope]

Title should read "Hypothetical." I couldnt figure out how to edit it.

[Justin7]

Are you playing in Delaware?

A 2 team parlaying paying 2.64 : 1 is simply a bet at -110, followed by another with the stake and winnings at risk.

If you want to make a 1-team parlay on team "A", you
1. Bet your 2 team parlay on "A" and any team "B".
2. You bet an equal amount on "A" and AGAINST "B"

If you bet $100 on (A + B) and $100 on (A + !B), then your result is:
Lose $200 if A Loses;
If A wins: You win $260, lose $100, for a net of $160.

Using this (horrendous) parlay strategy, you're effectively laying -125 instead of -110.

[DeluxeLiner]

deal with the variance, and maybe have correlated parlays. dont lay -125, just don't bet at all if you have to do that.

[shantystar]

you are right deluxe

[SheistyMike]

If you are in the position to hedge a parlay you have dont something fnudamentaly wrong. Think of it that way. If the are in this position however your long term EV is almost always higher to let the bet ride (unless you have new info) than hedging