1. 07-20-13 05:35 PM #1
    hankcream
    hankcream's Avatar Become A Pro!
    Join Date: 06-30-10
    Posts: 2,048
    Betpoints: 5458

    Hedge Question?

    I made a $50 future bet on Tiger Woods +800 to win The Open Championship @ 5Dimes on Wednesday. If I were a professional gambler would it be smart to hedge $155 on the field @ -310 today and cover the original bet and guarantee not to lose or ride the original bet
    Reply With Quote Reply With Quote
  2. 07-20-13 05:36 PM #2
    Ra77er
    Ra77er's Avatar Become A Pro!
    Join Date: 06-20-11
    Posts: 10,969
    Betpoints: 0

    I wouldn't hedge that 50 clams unless it's life changing personally but gl.
    Reply With Quote Reply With Quote
  3. 07-20-13 11:31 PM #3
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    hedging really a waste in most cases

    Some say why did you bet it in 1st place if your hedging

    let it ride and see what happens

    Tigers in good postion
    Reply With Quote Reply With Quote
  4. 07-21-13 03:10 AM #4
    theballsflop
    Fish
    theballsflop's Avatar Become A Pro!
    Join Date: 06-22-13
    Posts: 1,483
    Betpoints: 13

    Don't bother hedging if it's for less than 5 units. I usually only bother if I have >10 units on that bet.
    Reply With Quote Reply With Quote
  5. 07-21-13 07:30 AM #5
    LT Profits
    LT Profits's Avatar Become A Pro!
    Join Date: 10-27-06
    Posts: 90,963
    Betpoints: 5179

    Original odds aren't big enough to hedge, I only consider hedging if I have a monster potential payout pending. Besides you got +800 and the current odds are around +275, so you already have mad +EV. And your hedge would cost 155, not 50, so definitely not worth it.
    Reply With Quote Reply With Quote
Top
« Previous Thread | Players Talk | Next Thread »