Originally on 12/04/2020:
Yeah, this definitely matters on why you make the bet, or handicapping.
But in the end, making a two pick parlay with the intent of going against the final leg to ensure profit is not going to pay off over time.
Just make that first bet, if you win you gain the wins, if you lose you get the loss. If you carry the win over to another play, then you are just giving away more commission when you "hedge" against it.
And, really, in the case of a two pick, it's not a hedge, even though it appears to be.
Here's what's happening. You are making a larger wager on the second game when you win the first, but then you are selling back some of that larger wager.
Why bet $200 on the cowboys, when you had cash in hand from the first play, only to bet $100 the other way? Think about it. it comes down to understanding just what a parlay is...
Read that entire thread before proceeding. Understand that a parlay is just that, a parlay of multiple bets, not just two seperate bets that "pay odds."
For making the decision to hedge a two pick parlay from the outset, and not with changing information mid game, this is an important concept. I realize the appeal, especially with staggered time starts, but it's costly, to say the least.
Originally posted by dmm
But in the end, making a two pick parlay with the intent of going against the final leg to ensure profit is not going to pay off over time.
Just make that first bet, if you win you gain the wins, if you lose you get the loss. If you carry the win over to another play, then you are just giving away more commission when you "hedge" against it.
And, really, in the case of a two pick, it's not a hedge, even though it appears to be.
Here's what's happening. You are making a larger wager on the second game when you win the first, but then you are selling back some of that larger wager.
Why bet $200 on the cowboys, when you had cash in hand from the first play, only to bet $100 the other way? Think about it. it comes down to understanding just what a parlay is...
Originally posted by KVB
For making the decision to hedge a two pick parlay from the outset, and not with changing information mid game, this is an important concept. I realize the appeal, especially with staggered time starts, but it's costly, to say the least.