Last leg of parlay tonight for $3k on Bovada

[JayDr3am]

Are you being serious?? How is this anyway profittable? Why not just bet $20??

or sometimes hedge just to simply cancel the bet out. kinda like a push

[KSmooth4U]

Are you trolling me??

[JayDr3am]

If you dont wanna lose $100 dont bet $100... Just Make 1 bet for $20...

hahaha hey I'm with you! don't bet that much if you don't wanna lose that much.. I personally never hedge maybe once every blue moon but I usually do it for a push. but there is a hedging method in existence I just never use it. I take my L's and W's like a man.

[JayDr3am]

Are you trolling me??

hahahahahahahaha no dude I'm being 100% serious. hedging is a way of betting for more people than you would think. no joke.

[Chum Slam]

Youngcapper I wish you luck my friend!

[pilebuck13]

Live is the way to hedge...I would have liked to see how far he made it say depositing 1500 dollars into a empty bovada account with a 3k parlay riding

[JayDr3am]

Live is the way to hedge...I would have liked to see how far he made it say depositing 1500 dollars into a empty bovada account with a 3k parlay riding

live hedging is a little more stressful to deal with but could be good in some spots!

[pilebuck13]

go op go

[bostonPSUletsgo]

means you bet both sides of the game maybe with a little more at stake on one side to kinda ensure a profit or cut short the amount you could possibly lose. like for example. if you hedged tonight.. you would put a 100 on Denver, but put 120 on the bengals so if the bengals won, you would win 20.. vs just losing a hundred outright.. I know a lot of people who hedge damn near every game their on to kinda ensure a profit. its a weird method but it works

Jay not to be a huge dick but I am very confused how you have 1,111 posts and have no idea what hedging is. You can't bet both sides of a game to guarantee profit, it doesn't work that way. Unless you are shopping for lines and take both sides as dog MLs but I don't think that's what you're proposing.

In sports wagering people decide to hedge in a few situations:

1. To guarantee some return on a parlay/futures bet
2. To recoup a previous wager. Say you bet on team "A" to win the game and after the first half you don't feel great about your bet. For the second half you could bet team "B" to recoup some or most of your original wager. This is a simplified example, could also use live betting for the same outcome.

In both 1 and 2 above you're losing value by betting the other side because you're paying extra juice.

[KSmooth4U]

Damn I thought I was totally missing something because nobody was correcting him...

[pilebuck13]

Dude Broncos kicker must have heard about your 3 k parlay fix is in man I'm sorry

[JayDr3am]

Jay not to be a huge dick but I am very confused how you have 1,111 posts and have no idea what hedging is. You can't bet both sides of a game to guarantee profit, it doesn't work that way. Unless you are shopping for lines and take both sides as dog MLs but I don't think that's what you're proposing.

In sports wagering people decide to hedge in a few situations:

1. To guarantee some return on a parlay/futures bet
2. To recoup a previous wager. Say you bet on team "A" to win the game and after the first half you don't feel great about your bet. For the second half you could bet team "B" to recoup some or most of your original wager. This is a simplified example, could also use live betting for the same outcome.

In both 1 and 2 above you're losing value by betting the other side because you're paying extra juice.

so my example i presented isn't a form of hedging? ..

[JayDr3am]

Jay not to be a huge dick but I am very confused how you have 1,111 posts and have no idea what hedging is. You can't bet both sides of a game to guarantee profit, it doesn't work that way. Unless you are shopping for lines and take both sides as dog MLs but I don't think that's what you're proposing.

In sports wagering people decide to hedge in a few situations:

1. To guarantee some return on a parlay/futures bet
2. To recoup a previous wager. Say you bet on team "A" to win the game and after the first half you don't feel great about your bet. For the second half you could bet team "B" to recoup some or most of your original wager. This is a simplified example, could also use live betting for the same outcome.

In both 1 and 2 above you're losing value by betting the other side because you're paying extra juice.

i didn't say it was a guarantee. for profit.. i said it was a way to cut your losses. i just simply named 1 of thousands ways to hedge that's all.. wasn't saying that was the best way to hedge or saying that's how i hedge.. theres multiple ways to hedge.

[KSmooth4U]

i didn't say it was a guarantee. for profit.. i said it was a way to cut your losses. i just simply named 1 of thousands ways to hedge that's all.. wasn't saying that was the best way to hedge or saying that's how i hedge.. theres multiple ways to hedge.

Cmon... Please tell me your just kidding now... How do you not see that that form of betting will not work??

[bostonPSUletsgo]

i didn't say it was a guarantee. for profit.. i said it was a way to cut your losses. i just simply named 1 of thousands ways to hedge that's all.. wasn't saying that was the best way to hedge or saying that's how i hedge.. theres multiple ways to hedge.

Jay your example before of betting 100 on side A and betting 120 on side B is the same exact thing as just betting 20 on side B and nothing on side A. There's no reason to bet side A in your example.

[KSmooth4U]

To cut your losses lower your bet amount

[JayDr3am]

Cmon... Please tell me your just kidding now... How do you not see that that form of betting will not work??

lmao yall are trippin.. first of all i do not personally use this method. or did i say it works in the long run or even short term.. i think that way is ridiculous. BUT THERE ARE PEOPLE THAT WAGER THAY WAY. the guy asked what is hedging and i simply gave him 1 of 84376583742 ways to hedge. might not be the best way, but it is a way.

[Eddy Munny]

Cha-ching!!!

[KSmooth4U]

Congrats!!!

[rgrant2214]

Nice win!!!

[pilebuck13]

Nice op one that doesn't end in a bad beat just a good sweat congrats my friend

[bostonPSUletsgo]

lmao yall are trippin.. first of all i do not personally use this method. or did i say it works in the long run or even short term.. i think that way is ridiculous. BUT THERE ARE PEOPLE THAT WAGER THAY WAY. the guy asked what is hedging and i simply gave him 1 of 84376583742 ways to hedge. might not be the best way, but it is a way.

No one has ever wagered that way and no one ever will.

[jdub77713]

Nice 1 OP a little sweat ain't so bad now lol

[yungcapper]

Thanks fellas! This was starting to bring back nightmares of a bad beat on a 50k parlay. Happy new year everybody!!!!!!

[intermission]

good win bro

[Aye J Mac]

Thanks bro.

[bostonPSUletsgo]

congrats yung, that is sweet.

[JayDr3am]

With no money in the account to hedge of course.

New York Jets +3.0
Atlanta Falcons +7.0
Chiefs under 42.0
Houston Texans -4.0
Rams under 40.5
Minnesota Vikings -7.0

Tonight Broncos under 40.0

$35 to win $3000

good shit cap

[Shafted69]

congrats!!!

[RavensFan2k3]

Good hit bud!

[POOLSIDE]

Jay your example before of betting 100 on side A and betting 120 on side B is the same exact thing as just betting 20 on side B and nothing on side A. There's no reason to bet side A in your example.

It's not the exact same thing at all. Because of juice, it's worse. Much worse.

Assume the juice is -110. If you just bet $20, you've got two outcomes (aside from a push, which we won't bother discussing as the end result is obviously breaking even no matter how much is bet or what the juice is), a win and a loss.

Win = +$18.18
Loss = -$20

With the other scenario (which, by the way Jay, no matter how many versions of hedging you think there are, this most certainly is not one of them) where you've got $120 on one side and $100 on the other, the same two outcomes pay as follows.

Win = +$9.09
Loss = -$29.09

With this absurd and hopefully nonexistent strategy, you tie up eleven times as much money in order to either win half as much or lose almost 150% as much.

[Jeep_Life 42]

nice hit pal!

[POOLSIDE]

lmao yall are trippin.. first of all i do not personally use this method. or did i say it works in the long run or even short term.. i think that way is ridiculous. BUT THERE ARE PEOPLE THAT WAGER THAY WAY. the guy asked what is hedging and i simply gave him 1 of 84376583742 ways to hedge. might not be the best way, but it is a way.

This isn't hedging. Hedging is very simple, and can only happen when you've got plus money coming in higher than the negative money would cost you to bet on the other side.

Example. You've got a three game parlay for $10. The first two teams hit, all you need is the Raiders to cover +3.5 against the Packers. If the Raiders cover, you profit $60 from that parlay. What this essentially means is that because the other two teams already covered, you've got the Raiders line, which is normally -110, for +600. So your two possible outcomes are

Raiders cover = +$600
Packers cover = -$100

You other option is to hedge. You can decide how much you want to hedge, but for this explanation we'll go with roughly half. In order to hedge here, you'd bet $350 on the Packers -3.5. This new scenario leave you with two new possibly outcomes. BOTH OF THEM GUARANTEE A PROFIT.

Raiders cover = +$250 (The $600 you won from the parlay, minus the $350 you bet on the Packers)
Packers cover = +$218.18 (The $318.18 you won from the Packers bet, minus the $100 you lost on the parlay)

Obviously your ceiling is lowered, but your risk is completely eliminated. This is hedging. Everything you mentioned is not, to the point that several people legitimately thought you were trolling them.

[johnnyvegas13]

Nice hit Pal

[JayDr3am]

This isn't hedging. Hedging is very simple, and can only happen when you've got plus money coming in higher than the negative money would cost you to bet on the other side.

Example. You've got a three game parlay for $10. The first two teams hit, all you need is the Raiders to cover +3.5 against the Packers. If the Raiders cover, you profit $60 from that parlay. What this essentially means is that because the other two teams already covered, you've got the Raiders line, which is normally -110, for +600. So your two possible outcomes are

Raiders cover = +$600
Packers cover = -$100

You other option is to hedge. You can decide how much you want to hedge, but for this explanation we'll go with roughly half. In order to hedge here, you'd bet $350 on the Packers -3.5. This new scenario leave you with two new possibly outcomes. BOTH OF THEM GUARANTEE A PROFIT.

Raiders cover = +$250 (The $600 you won from the parlay, minus the $350 you bet on the Packers)
Packers cover = +$218.18 (The $318.18 you won from the Packers bet, minus the $100 you lost on the parlay)

Obviously your ceiling is lowered, but your risk is completely eliminated. This is hedging. Everything you mentioned is not, to the point that several people legitimately thought you were trolling them.

say you have 100 on side A and mid game you get cold feet about side A and put 80 on side B to recoup SOME loss. isn't that a form of hegding? cause that's kinda where i meant to go with my initial post lol