Originally <a href='/showthread.php?p=16726840'>posted</a> on 11/10/2012:

I've posted the math behind it in the past. Some combination of googling "NunyaBidness parlay hedge stupid penetrate site:forum.sbrforum.com" should probably pull it up.

Basically you're paying the juice twice.

It can occasionally be correct to do it, but it would involve something like massive line movement, sudden decrease in bankroll, or new information.

Doing something like making a 3 team parlay and then hedging the last leg is straight up retarded. Everytime you do that you should realize that you would've made more money if you had just made a 2 team parlay instead.