How to hedge this?

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  • thunderous
    SBR MVP
    • 06-05-12
    • 1870

    #1
    How to hedge this?
    So I have a 4 team parlay which is paying 40/890. First 3 are done and the one left is Alt Madrid +115 but with Soccer having 3 way lines can't figure the best way to hedge. Currently I see the odds listed as:

    Alt Madrid +115
    AC Milan +285
    Draw +225

    Goal line is -190 Alt Madrid and +162 AC Milan

    Any suggestions/ideas appreciated.

    Thanks.
  • InTheDrink
    SBR Posting Legend
    • 11-23-09
    • 23983

    #2
    so if you play ac milan on the goal line and it's a draw then you push out and hit the three teamer

    your best play is to play the ac +162 goal line, otherwise you'd have to play some on ac and some on the draw on the 3 way lines and your risk would be greater to get an equal payout on your hedge on the latter vs. the former

    my advice...you got the fav in play....let it ride gueye
    Comment
    • EasyPicks
      SBR MVP
      • 10-21-11
      • 3804

      #3
      my suggestion

      hedge AC +0.5 @-137


      imo this game will probably be like yesterday (everyone and their mother were on Man City pk saying that Barca isn't what it used to be bla bla bla) and tonight almost everyone likes Madrid to take the win at San Siro....be careful on riding a team that hasn't prove themselves in the CL in like...forever!
      Comment
      • addictedto
        SBR MVP
        • 07-03-08
        • 1935

        #4
        Hedge hedge hedge or you will be crying tonight. Play either double chance Milan, or Asian Handicap Milan +0.5. The odds are about 1.80 in European odds. Use a hedging calculator and make it equal for any outcome. Then thank me later
        Comment
        • barca12
          SBR Sharp
          • 01-08-14
          • 298

          #5
          Do not hedge, I have seen every Atletico game this year and most of Milan games, this isnt 90s, only thing thats left of Milan is their history, Atletico are easily top 5 team in the world and have a probably top coach in the world. He does not like to lose and his guys will give their all tonight against Milan and should comfortably stroll to 0-2 victory. Milan are laughable team with bunch of unknowns and plenty of 30+ years of age players..thats a winning ticket buddy, just enjoy the game and take the money after
          Comment
          • Vaughany
            SBR Aristocracy
            • 03-07-10
            • 45563

            #6
            you shouldnt hedge unless you have new information. Otherwise why put Atletico in in the first place? If you are going to hedge then just play Milan double chance
            Comment
            • jjgold
              SBR Aristocracy
              • 07-20-05
              • 388179

              #7
              If your hedging you should not of made bet in 1st place, we are talking about peanuts here guy, let it ride and nail this.
              Comment
              • onemoregoal
                SBR Hall of Famer
                • 02-04-13
                • 8149

                #8
                You could hedge to win like $100 if AC or draw happens... you dont have to balance it exactly.
                so $180 @ -120 for ac +0.5 = 325
                $220 risked, either $325 back or $ 890 for the result you wanted in the first place.......
                personal preference, no advice is correct.
                Comment
                • onemoregoal
                  SBR Hall of Famer
                  • 02-04-13
                  • 8149

                  #9
                  atletico takes it 1-2 1-3 though!
                  Comment
                  • thunderous
                    SBR MVP
                    • 06-05-12
                    • 1870

                    #10
                    Originally posted by addictedto
                    Hedge hedge hedge or you will be crying tonight. Play either double chance Milan, or Asian Handicap Milan +0.5. The odds are about 1.80 in European odds. Use a hedging calculator and make it equal for any outcome. Then thank me later
                    Problem is that my book is offering both teams PK...if I had option of +.5 on AC Milan then would not have to think....

                    Originally posted by Vaughany
                    you shouldnt hedge unless you have new information. Otherwise why put Atletico in in the first place? If you are going to hedge then just play Milan double chance
                    I have to...hate leaving guaranteed money on the table. Losing $40 is not a big deal because I normally bet 50-100 in straight bets but if there is a way I get paid 400-500 on all 3 sides I'd want that option any day.

                    If I bet 220 on draw @2.25 and 180 on Milan @275 then that leaves me with 490 profit on Madrid, 275 on Draw and 226 on Milan....not the best scenario so gonna wait until game time and see
                    Comment
                    • SarahPalin
                      SBR MVP
                      • 11-26-13
                      • 1489

                      #11
                      i have a feeling that milan could win or get a point outta this game
                      Comment
                      • harthebar
                        SBR Posting Legend
                        • 12-09-11
                        • 15714

                        #12
                        play 150 on a draw and 100 on A C
                        arent the odds saying you have a better chance at a draw then ac winning
                        something is better than noithing even know athlitico madrid should win
                        Comment
                        • LT Profits
                          SBR Aristocracy
                          • 10-27-06
                          • 90963

                          #13
                          Originally posted by InTheDrink
                          so if you play ac milan on the goal line and it's a draw then you push out and hit the three teamer

                          your best play is to play the ac +162 goal line, otherwise you'd have to play some on ac and some on the draw on the 3 way lines and your risk would be greater to get an equal payout on your hedge on the latter vs. the former

                          my advice...you got the fav in play....let it ride gueye
                          No he would lose the three-teamer with a Draw.
                          Comment
                          • InTheDrink
                            SBR Posting Legend
                            • 11-23-09
                            • 23983

                            #14
                            Originally posted by LT Profits
                            No he would lose the three-teamer with a Draw.
                            Ahh yea good catch

                            Then if he wants to hedge he'd have to play two of the three way lines.

                            i.e. More reason not to hedge
                            Comment
                            • thunderous
                              SBR MVP
                              • 06-05-12
                              • 1870

                              #15
                              Couldn't resist....got 200 on Milan PK+165 and 120 on Draw+225

                              So it looks like this

                              Madrid +570
                              Draw +230
                              Milan +170
                              Comment
                              • thunderous
                                SBR MVP
                                • 06-05-12
                                • 1870

                                #16
                                Originally posted by InTheDrink
                                Ahh yea good catch

                                Then if he wants to hedge he'd have to play two of the three way lines.

                                i.e. More reason not to hedge
                                That is the reason I was having trouble coming up with a reasonable hedge.
                                Comment
                                • onemoregoal
                                  SBR Hall of Famer
                                  • 02-04-13
                                  • 8149

                                  #17
                                  Cant you bet on another book?
                                  How can you not have AC +0.5 - thats the main line?
                                  Comment
                                  • pellumb341
                                    SBR MVP
                                    • 11-25-11
                                    • 1183

                                    #18
                                    So I have a 4 team parlay which is paying 40/890. First 3 are done and the one left is Alt Madrid +115 but with Soccer having 3 way lines can't figure the best way to hedge. Currently I see the odds listed as:

                                    Alt Madrid +115
                                    AC Milan +285
                                    Draw +225

                                    wager $231 on Milan --> $231 * 3,85 = $890
                                    wager $274 on draw --> $274 * 3,25 = $890

                                    you have wagered a total of $231 + $274 + $40 = $545
                                    your payout is $890 whatever the outcome is
                                    you net profit is $345

                                    cheers !!!
                                    Comment
                                    • Semper Fidelis
                                      SBR MVP
                                      • 09-22-11
                                      • 1999

                                      #19
                                      You should possibly make one wager before the match starts, and then another at halftime, depending on how the match has progressed. You can easily get very good odds on Milan ML or Draw if Athletico is up 1-0 at HT. If they're up by 2 or more goals, I'd only hedge with the Draw, as they are much less likely to come back down that big of a deficit. Also, this way you won't have to wager near as much since the odds will be so high. So I'd make one on either Milan or the Draw pre-match, then adjust fire if need be at the half. Good luck whatever you decide to do buddy!
                                      Comment
                                      • InTheDrink
                                        SBR Posting Legend
                                        • 11-23-09
                                        • 23983

                                        #20
                                        Originally posted by pellumb341
                                        wager $231 on Milan --> $231 * 3,85 = $890
                                        wager $274 on draw --> $274 * 3,25 = $890

                                        you have wagered a total of $231 + $274 + $40 = $545
                                        your payout is $890 whatever the outcome is
                                        you net profit is $345

                                        cheers !!!
                                        Your math may be right but Jesus Christ this would be an awful play

                                        It's called gambling for a reason
                                        Comment
                                        • edabramov
                                          SBR MVP
                                          • 07-27-13
                                          • 2059

                                          #21
                                          I don't get it. Do you not have Asian Handicap? Play Milan DC or +.5 no need to bet on a draw and a win. Milan is not winning this though. Probably playing for a draw, Balotelli isn't as good as people make him out to be. Yeh, good shot last week but vs Bologna in late minutes, ride it out.
                                          Comment
                                          • bihon
                                            SBR Wise Guy
                                            • 11-03-09
                                            • 731

                                            #22
                                            With the above numbers you put around 54% on draw and 46% on Milan.
                                            Total amount depends on your risk/reward wishes, having just above $500 for en equal/sure win (as Pellumb341 wrote).
                                            Comment
                                            • thunderous
                                              SBR MVP
                                              • 06-05-12
                                              • 1870

                                              #23
                                              Originally posted by edabramov
                                              I don't get it. Do you not have Asian Handicap? Play Milan DC or +.5 no need to bet on a draw and a win. Milan is not winning this though. Probably playing for a draw, Balotelli isn't as good as people make him out to be. Yeh, good shot last week but vs Bologna in late minutes, ride it out.
                                              The advantages of playing at a local....
                                              Comment
                                              • edabramov
                                                SBR MVP
                                                • 07-27-13
                                                • 2059

                                                #24
                                                Did you ride it out? Was a sweatfest Kaka shoulda scored but the better team won.
                                                Comment
                                                • thunderous
                                                  SBR MVP
                                                  • 06-05-12
                                                  • 1870

                                                  #25
                                                  Originally posted by edabramov
                                                  Did you ride it out? Was a sweatfest Kaka shoulda scored but the better team won.
                                                  Well I did hedge some....320 to be precise but happy with the 570 I made plus I had 200 on Bayern so over all not a bad day!

                                                  And guess what? I have 2 more parlays going

                                                  2nd half Madrid +155
                                                  2nd half Bayern -250
                                                  Tottenham +161 (tomorrow)

                                                  Pays 60/499

                                                  and another one with the same teams plus Creighton -150 which pays 30/435 so if Creighton wins tonight then I am looking at 90/934 with Tottenham remaining. If Creighton wins then its a must hedge situation for me but if it loses then might ride it out

                                                  Any thoughts on Tottenham match tomorrow?
                                                  Comment
                                                  • RudyRuetigger
                                                    SBR Aristocracy
                                                    • 08-24-10
                                                    • 65084

                                                    #26
                                                    Jesus christ pal

                                                    do you realize you are playing 2 team parlays then juicing urself out the ass to call them 3 teamers
                                                    Comment
                                                    • thunderous
                                                      SBR MVP
                                                      • 06-05-12
                                                      • 1870

                                                      #27
                                                      Originally posted by RudyRuetigger
                                                      Jesus christ pal

                                                      do you realize you are playing 2 team parlays then juicing urself out the ass to call them 3 teamers
                                                      Yeah I do realize that but these are bets I make just for the sake of it (like this one which I won had Madrid + Bobcats +7.5 + PSG 1st half + Man City Draw 1st half which is totally senseless and had no expectations of winning it) but if gets to the 4th team and hedging is a viable option then I don't think there's anything wrong looking into it. Like I said if Creighton doesn't win tonight then I am not hedging the 3 teamer because it just does not make sense because I like Tottenham to win but with the Creighton win it becomes a bonus and have no problem giving some back to the book which some might not agree with.
                                                      Comment
                                                      • GRIZZ
                                                        SBR Hustler
                                                        • 01-19-14
                                                        • 58

                                                        #28
                                                        You should make a spreadsheet with some hedging formulas.

                                                        Whenever I need to hedge I just plug in the odds and initial bet amount and it puts out the exact amount I need to bet to either a) not lose any money, b) win the same amount regardless of the outcome or c) let it ride and hope for the best.
                                                        Comment
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