If I have a $250 free bet, how do I hedge?

[Timmay]

I thought of taking 1/2 on the other side, but it's weird. I feel like if I'm betting $125 on one side and lose the $250 free bet that I'm -$125, not up, but I guess not.

What's the best play since I don't play for that much on a game?

[Ghenghis Kahn]

let it ride.

[mynameismud]

never ever hedge a free bet imo. its free guy.

[Sam Odom]

X = free bet

X/3 on three different 3-leg parlays

If you cannot parlay let it rip 'All or Nothing'

[Mikeyanks23]

never ever hedge a free bet imo. its free guy.

[EmpireMaker]

It's a freeroll trust your selection, let it ride. No Guts No Glory !!!!

[eidolon]

If there is a rollover I would

[Timmay]

Wow, you guys are such gamblers lol. I don't make those big of wagers though. I'd like to guarantee money. What would be the best play on doing that?

Bet $125 on the other side?

[Blax0r]

X = free bet

X/3 on three different 3-leg parlays

If you cannot parlay let it rip 'All or Nothing'

I would do a variation of this; do all 8 possible combinations of a 3-legged parlay (where each leg pays -110), and make sure each leg won't push (ie, -1.5 or over 39.5). You'll "hedge" out around 70% of your free bet.

[jjgold]

you can never be a winner in life if you hedge anything

Hedging is for scared people

[FuzzyDunlop]

Take two games that have a .5 total offering -110 on all sides.

$62.50 2 team parlay both overs, both unders, over/under, under/over.

Keep the $165.29

[Timmay]

Thanks Champ. Never? Meaning not one time?

[Timmay]

So two team parlay or 3 team?? Hmmmm... Its interesting... I guess I gotta crunch the numbers, I'm really bad at this lol and need to take some time to figure it out, so it won't ever become an issue in the future.

[Timmay]

Take two games that have a .5 total offering -110 on all sides.

$62.50 2 team parlay both overs, both unders, over/under, under/over.

Keep the $165.29

I don't get this, I have to bet $250 on a game.

[Timmay]

Not a total of $250, One single wager for $250. How do I protect myself?

[GunShard]

Bet your $250 on the Browns @ Ravens game. On the Ravens ML with home field advantage, veteran defense against rookie QB and RB.

Unless your free bet doesn't allow heavy favorites. I think the line will be around -600.

[FuzzyDunlop]

Short week for the Ravens, -600 isn't a lock.

[Duff85]

http://www.sbrforum.com/betting-tools/freeplay-value-calculator/

If you want to hedge. Standard strategy is go as high a + ml as you can find for the freeplay and hedge back using cash - play with the calculator and you'll get the idea.

However the most +ev use of it is to play it straight on something. Not sure what you bankroll is like though - possibly using the $250 freeplay is too bigger swing.

[Timmay]

Bet your $250 on the Browns @ Ravens game. On the Ravens ML with home field advantage, veteran defense against rookie QB and RB.

Unless your free bet doesn't allow heavy favorites. I think the line will be around -600.

That's worse than betting $125 on the other side. If you win, you only win the win amount, not the $250 plus the win, so to go -600 doesn't seem like the play and there's no guarantee on it.

[Timmay]

http://www.sbrforum.com/betting-tool...ue-calculator/

If you want to hedge. Standard strategy is go as high a + ml as you can find for the freeplay and hedge back using cash - play with the calculator and you'll get the idea.

However the most +ev use of it is to play it straight on something. Not sure what you bankroll is like though - possibly using the $250 freeplay is too bigger swing.

Yea, but isn't there a higher vig when the "ML's" are bigger? I guess I would have to look at it. For some reason I'm still confused about all this. There's not one play on here that seems to be a good value pick. Could you give me an example. Thanks Duff.

I think I'll just throw $125 on the other side, but not sure.