Anyway to hedge when 2 selections still open?

zsr · 10-24-11, 12:05 AM

50 on jax moneyline, then 150 on the under? Would guarantee a small profit at least with the chance for both to hit. Unless baltimore wins by 1 of course

Romocide · 10-24-11, 12:35 AM

$100 on Jax ML for possible win of $500. Bal ML/Under 38.5 +122 parlay for $200. Bal wins with a game total from 33-38, then you win the extra money plus your parlay. Bal somehow loses, then you still gain a $300 profit. Parlay hits, you're up $450. Bal win and total 33-38, you're up $690.

rain_e · 10-24-11, 10:51 AM

Thanks for the advice. This is probably my second teaser ever so I'm not really sure what to do. Always play straight wagers but figured I'd take a shot at this. It's a small wager of $50.00 so I'm not sure if it is wise to hedge this or just let it ride. I'll give it some thought but I appreciate the advice so far and if anyone else wants to add their thoughts I'd appreciate that as well.

rsnnh12 · 10-24-11, 10:58 AM

I think if you have the chance to guarantee a profit, you should take it. This is a losing battle for 99.9% of people, might as well take free money when you can, right?

What Romo posted looks really good

rain_e · 10-24-11, 11:07 AM

I'm liking Romo's posting as well. I do agree with the guaranteed profit as well.

hotshotz3 · 10-24-11, 12:03 PM

I like the jax ml option..I'm out of it today so if bad idea I apologize but I've in past played alternative lines that pay out as hedge..like tonight I think I saw the under 32 or 33 paying +250

TheCommish · 10-24-11, 12:40 PM

Will be a 21-13 Balt final.

Congrats on your winnings

rain_e · 10-24-11, 04:34 PM

Originally posted by Romocide

$100 on Jax ML for possible win of $500. Bal ML/Under 38.5 +122 parlay for $200. Bal wins with a game total from 33-38, then you win the extra money plus your parlay. Bal somehow loses, then you still gain a $300 profit. Parlay hits, you're up $450. Bal win and total 33-38, you're up $690.

I'm a little confused here.

1. $100 on JAX ML will payout a profit of $500.00. This makes sense.
2. BAL ML / Under 39.5 parlay with a wager of $200 pays a profit of $236.36. So if BAL wins the game and it is under 32.50 I would lose all other bets and my profit would be $236.36 less the $100 on JAX ML I would have lost and the $50.00 on the original teaser. So I would come out with a profit of $86.36.

Am I missing something here?

TroyGreen · 10-24-11, 04:57 PM

Originally posted by rain_e

I'm a little confused here.

1. $100 on JAX ML will payout a profit of $500.00. This makes sense.
2. BAL ML / Under 39.5 parlay with a wager of $200 pays a profit of $236.36. So if BAL wins the game and it is under 32.50 I would lose all other bets and my profit would be $236.36 less the $100 on JAX ML I would have lost and the $50.00 on the original teaser. So I would come out with a profit of $86.36.

Am I missing something here?

I think his hedge was based off of over of 33. Had you not had the Over/Under in the parlay the ML bet would make great sense since you have it at -1.5. The O/U in the parlay would still leave you exposed to risk. Loading up on the U would be the other way to hedge as another poster suggested.

rain_e · 10-24-11, 05:03 PM

Originally posted by TroyGreen

I think his hedge was based off of over of 33. Had you not had the Over/Under in the parlay the ML bet would make great sense since you have it at -1.5. The O/U in the parlay would still leave you exposed to risk. Loading up on the U would be the other way to hedge as another poster suggested.

I see what you're saying here. I really don't have a great way of hedging this. It's only a $50.00 wager but it would have been nice to guarantee $300 out of this somehow.

Demonata · 10-24-11, 05:23 PM

i got screwed for not taking profit on a parlay with oklahoma losing.Should of bet on texas tech. cost me $1500 I would of won. Always take the profit.

rain_e · 10-24-11, 05:29 PM

Originally posted by Demonata

i got screwed for not taking profit on a parlay with oklahoma losing.Should of bet on texas tech. cost me $1500 I would of won. Always take the profit.

That's what I'm attempting to do however I don't know how I can get a decent guaranteed profit out of this.

Demonata · 10-24-11, 05:44 PM

Originally posted by rain_e

That's what I'm attempting to do however I don't know how I can get a decent guaranteed profit out of this.

Even $300 would be good profit man. Take the advice.

Crayzee · 10-24-11, 05:44 PM

if your playing at one of major off shore books you should have lots of opportunity to edge live betting

rain_e · 10-24-11, 05:52 PM

Originally posted by Demonata

Even $300 would be good profit man. Take the advice.

Originally posted by Demonata

Even $300 would be good profit man. Take the advice.

This is were I am confused. I don't see a guaranteed $300.00 profit unless I'm misreading something.

Originally posted by Crayzee

if your playing at one of major off shore books you should have lots of opportunity to edge live betting

I do have access to live betting so I'll keep an eye on this during the game.

Romocide · 10-24-11, 11:41 PM

Sorry man, just thought about this thread. I've read the thread again, trying to sort out my thinking, but it been a long day and I can't wrap my mind around it like I did last night. I know that what I wrote is the only way that you could have 100% guaranteed a profit in that situation, whether large or small. I do think I missed a step in the overall logic, definitely, as far as overall profit scenarios. But that was the only hedge that could be pulled off without the risk of ending up with nothing. Anyway, sorry I showed back up so late.

What did you end up doing?

Edit: Come to think of it, $300 bet on the parlay instead of $200 might have been better. Would have lowered your profit ceiling but raised your minimum profit to almost $200.

TroyGreen · 10-24-11, 11:43 PM

Get em next time Rain_e.

rain_e · 10-26-11, 05:41 PM

Sorry I didn't respond to this earlier but I took a few days off. I didn't end up hedging the bet. If I did I would have had an $85.00 profit so I just decided to let it ride. Poor decision on my part but I'm not really a parlay/teaser player and this was just a small wager for a little extra entertainment.

Again I appreciate the info that was shared and I'll defintely hedge if the opportunity arises again.

Ice House · 10-26-11, 05:45 PM

no just pick some easy ML winners in college football so you can cash out... oklahoma state should win