Parlay Hedging Advice

[riffraff24]

I have this parlay pending...The payout won't be as high as what is listed below because Giants pushed.

The Donskoy tennis match got delayed to tomorrow due to rain, which probably helps me if I hedge. How much do I put on the Red Wings tonight? And if Kings win, how much do I put on Dodig tomorrow? Thanks in advance guys.

$27.99	$2119.95	Pending	7 Team Parlay
				Win	2/27/13 3:05pm MLB Baseball 963 Los Angeles Dodgers -107* <small>vs</small> Chicago Cubs (Fixed Price)
				Win	2/27/13 3:05pm MLB Baseball 967 Seattle Mariners +101* <small>vs</small> Cleveland Indians (Fixed Price)
				Cancelled	2/27/13 3:05pm MLB Baseball 969 San Francisco Giants -105* <small>vs</small> Los Angeles Angels (Fixed Price)
				Pending	2/27/13 10:05pm NHL Hockey 58 Los Angeles Kings -160* <small>vs</small> Detroit Red Wings
				Win	2/27/13 2:45pm England Soccer 101 Chelsea (ENG-FA Cup) -192* <small>vs</small> Middlesbrough (ENG-FA Cup)
				Win	2/27/13 2:30pm Germany Soccer 138 Bayern Munchen (GER-Cup) -142* <small>vs</small> Borussia Dortmund (GER-Cup)
				Pending	2/27/13 2:00pm ATP Tennis 226 Evgeny Donskoy +140* <small>vs</small> Ivan Dodig

[Stocks]

I wouldn't hedge it at all but if I did I'd atleast wait untill after the Wings game to hedge.

The payout as is is only around $1000 which is a solid payday but if you hedge now and what would the payout be $350 or so. I'm also not a fan of hedging when the last game is a fairly big dog (+140) so hedging would be betting -160.

I say let it ride and go for the $1000.

[riffraff24]

I wouldn't hedge it at all but if I did I'd atleast wait untill after the Wings game to hedge.

The payout as is is only around $1000 which is a solid payday but if you hedge now and what would the payout be $350 or so. I'm also not a fan of hedging when the last game is a fairly big dog (+140) so hedging would be betting -160.

I say let it ride and go for the $1000.

Thanks for the input bro. Still something to think about... I'm also going to the Kings game so this should be fun either way.

[coop]

Why place a 7 team parlay if you are going to be searching for ways to hedge once you get to 4 wins?

[riffraff24]

Why place a 7 team parlay if you are going to be searching for ways to hedge once you get to 4 wins?

What kind of question is this? Isn't guaranteed money a good thing?

And I am only asking for input. It doesn't mean I will or won't take it. Thanks for your extremely valuable input that I couldn't do without by the way.

[James D]

Why place a 7 team parlay if you are going to be searching for ways to hedge once you get to 4 wins?

This is ALWAYS posted when someone asks about buying out of a 5-7 team parlay a couple games early. Almost always the OP gets offended even though the question if worded more delicately would be very very good advice.

[Gee]

What kind of question is this? Isn't guaranteed money a good thing?

And I am only asking for input. It doesn't mean I will or won't take it. Thanks for your extremely valuable input that I couldn't do without by the way.

He's asking about the point of putting in a 7 teamer in if you are looking to try to get out with profit after 4 games.

You're effectively now trying to turn your 7 teamer into a 4 team parlay, except you're going to lose a bunch of juice hedging out. It just doesn't make any sense. Why bet 7 teams in the first place?

[riffraff24]

I get your guys point. But I think I am just seeing it a different way. To me I am not "making 7 teamers just to buy out at 4". The way I look at it is I set myself up for guaranteed profit regardless of what happens. If guaranteeing yourself money is a bad thing, then I will have to continue disagreeing.

GL all

[playersonly69]

Why even think about hedging? Just bet a 6 teamer next time

[tto827]

I get your guys point. But I think I am just seeing it a different way. To me I am not "making 7 teamers just to buy out at 4". The way I look at it is I set myself up for guaranteed profit regardless of what happens. If guaranteeing yourself money is a bad thing, then I will have to continue disagreeing.

GL all

But if you liked the first 4 teams in it, and just played them as a four teamer, you would already have your entire profit. Not having to deal with hedging out and paying more vig.

[riffraff24]

But if you liked the first 4 teams in it, and just played them as a four teamer, you would already have your entire profit. Not having to deal with hedging out and paying more vig.

Well I appreciate all the advice...

[James D]

I get your guys point. But I think I am just seeing it a different way. To me I am not "making 7 teamers just to buy out at 4". The way I look at it is I set myself up for guaranteed profit regardless of what happens. If guaranteeing yourself money is a bad thing, then I will have to continue disagreeing.

GL all

Riff,

You are buying out of a seven teamer at 4 games to guarantee a profit. The profit would have been bigger and the guarantee would have been 100% if you just made it a four teamer. It would have been done, money in acct. No need to be betting both sides which is in effect what you are doing.

You seem like a real good dude, 90% of the time when these threads happen the OP becomes a defensive A@@hole when people are just trying to be helpful. You on the other hand have been quite the gentleman. I would guess you are a good dude in real life.

Best of luck

[sourtwist]

fukk all these douchebags OP, i dont know why they even waste their time posting anything if they werent willing to contribute something for your cause. gl finding a helpful answer from these assclowns like playersonly and crew

sometimes i feel like im back on 2 plus 2 with all the young pricks thinking they know everything

[Gee]

I get your guys point. But I think I am just seeing it a different way. To me I am not "making 7 teamers just to buy out at 4". The way I look at it is I set myself up for guaranteed profit regardless of what happens. If guaranteeing yourself money is a bad thing, then I will have to continue disagreeing.

GL all

I think you need to stop gambling. You seem to lack the ability to comprehend what you are actually doing. Its surprising, considering how many posts you have.

I reckon I could explain it to my girlfriend and she would get it.

[JonahHFalcon]

To answer for the OP...

He probably made the 7 team parlay with no expectations of any return...but now seeing that a guaranteed profit is there he wants to cash it out. Been paying my life insurance for 12 years, now they want to buy me out for 4k...I paid in a total of 8k (arbitrary numbers)..damn I want a big screen TV...why didn't I say screw the insurance in the first place? His 28 bucks was probably an amount he was willing and expected to lose, whereas cashing out his parlay now may be a nice sum for him.

From a logical standpoint this makes no sense but for the average gambler it's a whole lot different when the money is right there.

Sorry some of you can only see black and white.

[riffraff24]

edit: no need to stoop to his level

[riffraff24]

To answer for the OP...

He probably made the 7 team parlay with no expectations of any return...but now seeing that a guaranteed profit is there he wants to cash it out. Been paying my life insurance for 12 years, now they want to buy me out for 4k...I paid in a total of 8k (arbitrary numbers)..damn I want a big screen TV...why didn't I say screw the insurance in the first place? His 28 bucks was probably an amount he was willing and expected to lose, whereas cashing out his parlay now may be a nice sum for him.

From a logical standpoint this makes no sense but for the average gambler it's a whole lot different when the money is right there.

Sorry some of you can only see black and white.

Thank you for this response. I told everyone I get their logic behind it, yet the child"Gee" wants to act like an internet tough guy for no apparent reason trying to make this a personal issue. We are all here for one reason and that is to help eachother out to make money.

I respect and thank those of you who gave me input without feeling the need to be a douche bag. For the others like "Gee", I truly feel sorry for you that you spend your time behind a computer trying to bring yourself up with know-it-all dickhead responses.

[k13]

Why place a 7 team parlay if you are going to be searching for ways to hedge once you get to 4 wins?

How often do you win 7 team parlays?

Might as well profit something. ~$400 > $0, maybe he can hedge LIVE, see how the line moves,etc.

[riffraff24]

How often do you win 7 team parlays?

Might as well profit something. ~$400 > $0, maybe he can hedge LIVE, see how the line moves,etc.

Glad some people see my point. There are options in this scenario is the bottom line... why not explore them

[dmiles1021]

damn you lucked out on that kings game...

[riffraff24]

damn you lucked out on that kings game...

Yeah but even going into the third I still felt they would at least tie it up to make a game out of it. Kings are on fire right now.

[riffraff24]

Okay so now that the final leg lost, I would like to ask Gee and others who said hedging was a bad idea, if they still think hedging was a bad idea? I hedged with $500 and that is $500 I wouldnt have seen otherwise. This was a bad decision why?

[riffraff24]

I think you need to stop gambling. You seem to lack the ability to comprehend what you are actually doing. Its surprising, considering how many posts you have.

I reckon I could explain it to my girlfriend and she would get it.

What's surprising is that if you were in my shoes, and made this same parlay, you'd have $0 to show for it. And I have $500 to show for it. I think i'll keep gambling. Thanks though.

[coop]

What's surprising is that if you were in my shoes, and made this same parlay, you'd have $0 to show for it. And I have $500 to show for it. I think i'll keep gambling. Thanks though.

Your initial post (the one everyone was giving advice about) was asking how to hedge out of two games, not just the final leg.

[riffraff24]

Your initial post (the one everyone was giving advice about) was asking how to hedge out of two games, not just the final leg.

Right...I felt strongly about the Kings so didn't hedge there. But that is besides the point. The comments I was getting here like Gee's, "you should stop gambling" comment is what I am referring to in my most recent post. I came out with $500 on a $28 wager. I would take that every day of my life. And I rarely EVER do parlays. So for some clown to tell me to stop gambling over that is comical to me.

Again - I appreciate all the folks who provided real input. Fuk you to the folks who felt the need to act like they're in high school. Thats all i'm sayin...

[riffraff24]

How did I know the quick responses from Gee would stop? Weird...

[Gee]

Nope, actually, didn't even come back to this thread for fear of the stupidity I would be forced to endure... and I regret it.

Glad you got rich. At least you won't need to reload for at least 2-3 days.

Some people will probably never understand this game. I guess if they did, bookies would not exist. We'd all bet $28 to win $500 any day, but you clearly don't get what just happened or what you just did. The concepts are quite advanced I stand by my previous post. I'd wager you've never been limited by any book ever. Your action is obviously welcome.

[riffraff24]

Nope, actually, didn't even come back to this thread for fear of the stupidity I would be forced to endure... and I regret it.

Glad you got rich. At least you won't need to reload for at least 2-3 days.

Some people will probably never understand this game. I guess if they did, bookies would not exist. We'd all bet $28 to win $500 any day, but you clearly don't get what just happened or what you just did. The concepts are quite advanced I stand by my previous post. I'd wager you've never been limited by any book ever. Your action is obviously welcome.

LOL you're hilarious. Acting like you know me. I guarantee I make more in a week than you do in a month in salary. I gamble for fun and haven't reloaded in 2 months. But cute attempt at being Nostra-dumbass

[Gee]

We believe you with great bets like that one. Somehow, I don't think you earn more than me, given your inability to grasp simple concepts, but I'm not getting in a pissing contest about that.

Were you ever going to play the full 7 (turned to 6) teamer?

Or were you always going to hedge out on the last game, which was started well after the others finished and pay some juice after winning the first 5 (assuming one wasn't cancelled)? And therein lies the abject stupidity. What was the point of even including the last game?

[riffraff24]

We believe you with great bets like that one. Somehow, I don't think you earn more than me, given your inability to grasp simple concepts, but I'm not getting in a pissing contest about that.

Were you ever going to play the full 7 (turned to 6) teamer?

Or were you always going to hedge out on the last game, which was started well after the others finished and pay some juice after winning the first 5 (assuming one wasn't cancelled)? And therein lies the abject stupidity. What was the point of even including the last game?

Just trust me lil boy. My car is worth more than your life.

[Gee]

I see someone nominated my post and agrees you should stop gambling.

Please stop being so delusional. You have already embarrassed yourself.

[Jayvegas420]

One guy out of thousands agrees with you so, you cling to it to give credibility to you ignorant posts?
You're a real piece of work.
if SBR allowed us members to take your points for your posts you'd never accumulate points.

[riffraff24]

lol. Hilarious that you guys care so much about me hedging a parlay. You must have very boring lives.

[riffraff24]

One guy out of thousands agrees with you so, you cling to it to give credibility to you ignorant posts?
You're a real piece of work.
if SBR allowed us members to take your points for your posts you'd never accumulate points.

Glad you value points so much. When you go to Vegas do you play in the arcade to accumulate prize tickets?

[kfranz31]

your hedge doesnt have to be exactly half of the winning wager...but this is what you have to ask...how much is is a 6wins ouit of 7 teamer pay?????so if you can guarantee some money to re wager and there may also be a possiblity of getting a middle and cashing in all te tickets