Possible hedge

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  • ucbearcats1027
    SBR Wise Guy
    • 01-05-09
    • 903

    #1
    Possible hedge
    Okay I need your guys opinions. I have a possible hedge situation tonight.
    Last night I parlayed kings ml, golden state ml, Dodgers, Arizona and today's cincinnati Reds game. All 4 hit so now it's up to the Reds to win tonight.
    $60 to win $1300. What would you do?
  • jjgold
    SBR Aristocracy
    • 07-20-05
    • 388179

    #2
    Cubs maybe to win $400???
    Comment
    • baseballstud
      SBR Wise Guy
      • 10-31-08
      • 980

      #3
      Yes probably hedge to win 4-500. Not sure what the Line is to that game though
      Comment
      • playersonly69
        SBR Posting Legend
        • 01-04-08
        • 12827

        #4
        Why on EARTH put Cincinnati in the parlay if you are just going to hedge???? That makes no sense
        Comment
        • Samfourteen
          SBR High Roller
          • 02-18-12
          • 239

          #5
          Let it ride
          Comment
          • sourtwist
            SBR Hall of Famer
            • 11-10-12
            • 9364

            #6
            Originally posted by playersonly69
            Why on EARTH put Cincinnati in the parlay if you are just going to hedge???? That makes no sense
            I disagree.

            I would certainly guarantee myself profit in this situation
            Comment
            • smoke a bowl
              SBR MVP
              • 02-09-09
              • 2776

              #7
              Originally posted by sourtwist
              I disagree.

              I would certainly guarantee myself profit in this situation
              If you truly feel that way then why bet a 5 teamer. Just bet a 4 teamer, take the profit from that instead of double vigging yourself by betting the other side back now.
              Comment
              • ucbearcats1027
                SBR Wise Guy
                • 01-05-09
                • 903

                #8
                riding it out. They call it gambling for a reason
                Comment
                • Stockdale
                  SBR High Roller
                  • 08-07-12
                  • 165

                  #9
                  Originally posted by playersonly69
                  Why on EARTH put Cincinnati in the parlay if you are just going to hedge???? That makes no sense
                  Originally posted by smoke a bowl
                  If you truly feel that way then why bet a 5 teamer. Just bet a 4 teamer, take the profit from that instead of double vigging yourself by betting the other side back now.
                  Got to admit, i dont expect this kind of intelligence on this site so am pleasantly surprised
                  Comment
                  • sourtwist
                    SBR Hall of Famer
                    • 11-10-12
                    • 9364

                    #10
                    Disagree again
                    Comment
                    • jjgold
                      SBR Aristocracy
                      • 07-20-05
                      • 388179

                      #11
                      Many think that taking 50% profit on the bet is very beneficial long-term first people trying to ride bigger winners
                      Comment
                      • Smoke
                        SBR Aristocracy
                        • 10-09-09
                        • 48111

                        #12
                        Dont be a pussy let it ride son
                        Comment
                        • Optional
                          Administrator
                          • 06-10-10
                          • 61672

                          #13
                          May not be the right mathematical move to hedge. But it can be mentally helpful. I'd probably hedge $180 and think to myself I've locked in $1120 or 3 free shots at the same type of bet again.
                          .
                          Comment
                          • sourtwist
                            SBR Hall of Famer
                            • 11-10-12
                            • 9364

                            #14
                            Originally posted by Optional
                            May not be the right mathematical move to hedge. But it can be mentally helpful. I'd probably hedge $180 and think to myself I've locked in $1120 or 3 free shots at the same type of bet again.
                            Thank you, I appreciate your common sense. I'd rather have a piece of something, than high hopes ending up with nothing.
                            Comment
                            • Stallion
                              SBR MVP
                              • 03-21-10
                              • 3617

                              #15
                              Put $350 on the cubs.
                              Comment
                              • Double Bogey
                                SBR MVP
                                • 07-24-10
                                • 1465

                                #16
                                Originally posted by sourtwist
                                Thank you, I appreciate your common sense. I'd rather have a piece of something, than high hopes ending up with nothing.
                                I think the point is why place that bet to begin with, because hedging costs you big time money long term. If that's a part of your betting strategy, you are a complete penetrating moron.
                                Comment
                                • sourtwist
                                  SBR Hall of Famer
                                  • 11-10-12
                                  • 9364

                                  #17
                                  Any betting strategy should include guaranteeing a profit
                                  Comment
                                  • Stockdale
                                    SBR High Roller
                                    • 08-07-12
                                    • 165

                                    #18
                                    Originally posted by sourtwist
                                    Any betting strategy should include guaranteeing a profit
                                    You guarantee even more profit by not including that leg to begin with though
                                    Comment
                                    • jjgold
                                      SBR Aristocracy
                                      • 07-20-05
                                      • 388179

                                      #19
                                      You also have to look at chances of the team winning in your match

                                      Best of luck whatever it is
                                      Comment
                                      • sourtwist
                                        SBR Hall of Famer
                                        • 11-10-12
                                        • 9364

                                        #20
                                        Originally posted by Stockdale
                                        You guarantee even more profit by not including that leg to begin with though
                                        As you know, most people who bet parlays are just trying to get lucky. If it gets to the point in which you may win, I have no issues with booking a small win, still having the opportunity to make a good amount.

                                        Anyone who bets parlays is already at a disadvantage, and probably doesnt know that straight betting is the key to winning.
                                        Comment
                                        • Double Bogey
                                          SBR MVP
                                          • 07-24-10
                                          • 1465

                                          #21
                                          Originally posted by sourtwist
                                          Any betting strategy should include guaranteeing a profit
                                          Take a math adult education course and you might begin to understand.
                                          Comment
                                          • sourtwist
                                            SBR Hall of Famer
                                            • 11-10-12
                                            • 9364

                                            #22
                                            Originally posted by Double Bogey
                                            Take a math adult education course and you might begin to understand.
                                            You're under the assumption that I don't understand the math. Incorrect.
                                            Comment
                                            • Double Bogey
                                              SBR MVP
                                              • 07-24-10
                                              • 1465

                                              #23
                                              Originally posted by sourtwist
                                              You're under the assumption that I don't understand the math. Incorrect.
                                              That makes it worse. Are you legitimately retarded?

                                              I can't imagine someone who understands the math and still thinks it's a sound strategy.
                                              Comment
                                              • smoke a bowl
                                                SBR MVP
                                                • 02-09-09
                                                • 2776

                                                #24
                                                Originally posted by Double Bogey
                                                That makes it worse. Are you legitimately retarded?

                                                I can't imagine someone who understands the math and still thinks it's a sound strategy.
                                                Comment
                                                • sourtwist
                                                  SBR Hall of Famer
                                                  • 11-10-12
                                                  • 9364

                                                  #25
                                                  Originally posted by Double Bogey
                                                  That makes it worse. Are you legitimately retarded?

                                                  I can't imagine someone who understands the math and still thinks it's a sound strategy.
                                                  If you are purposely trying to misinterpret what I say, you can go fukk yourself.
                                                  Comment
                                                  • ucbearcats1027
                                                    SBR Wise Guy
                                                    • 01-05-09
                                                    • 903

                                                    #26
                                                    I throw together a small $ parlay every now and then I don't bet them all the time. Haters Are on sbr today lol
                                                    Comment
                                                    • goduke
                                                      SBR Posting Legend
                                                      • 02-17-10
                                                      • 11580

                                                      #27
                                                      depends on how much 1300 means to you. If its a huge number then you should hedge because chances are youll be happy with 800 or so but if 1300 is not that big of a deal let it ride
                                                      Comment
                                                      • innovation
                                                        SBR Hall of Famer
                                                        • 01-27-12
                                                        • 6218

                                                        #28
                                                        cubs are run lining these biatches
                                                        Comment
                                                        • JoeyBagels
                                                          SBR Wise Guy
                                                          • 03-10-13
                                                          • 784

                                                          #29
                                                          Pro's aren't betting parlays like that in the first place and guys expect for him to let it ride when it's obvious the potential payoff is meaningful to his life? The answer is to fukkin hedge! The answer on whether to hedge or not always DEPENDS and anyone telling you something different doesn't know what the fuk they are talking about.
                                                          Comment
                                                          • Double Bogey
                                                            SBR MVP
                                                            • 07-24-10
                                                            • 1465

                                                            #30
                                                            Take the OPs situation:

                                                            5 team parlay
                                                            4 games won last night
                                                            1 game tonight

                                                            This is not smart at all. He should have bet the 4 teamer on last night's games. Then either let the full amount ride on the reds, which would be essentially making it a 5 teamer, or bet whatever amount he wanted on the reds. These options would have saved him all the juice that he paying to make his hedge, and accomplishing the exact same thing.

                                                            I just hope some guys read this thread and learn something about smart wagering.
                                                            Comment
                                                            • Stockdale
                                                              SBR High Roller
                                                              • 08-07-12
                                                              • 165

                                                              #31
                                                              If you want to place parlays and know you will get cold feet and bail on the last leg then place a small 4 leg parlay in addition to your 5 legger at the start to avoid constantly falling into this trap

                                                              To just hedge is stupid, you know what your potential win is when you place your bet so you always knew you were going to hedge. You cant use it being a meaningful amount to your life as an excuse, because you knew that was the payout when you placed the bet!
                                                              Comment
                                                              • sourtwist
                                                                SBR Hall of Famer
                                                                • 11-10-12
                                                                • 9364

                                                                #32
                                                                Originally posted by JoeyBagels
                                                                Pro's aren't betting parlays like that in the first place and guys expect for him to let it ride when it's obvious the potential payoff is meaningful to his life? The answer is to fukkin hedge! The answer on whether to hedge or not always DEPENDS and anyone telling you something different doesn't know what the fuk they are talking about.
                                                                Thanks bagels
                                                                Comment
                                                                • spurginobili
                                                                  SBR MVP
                                                                  • 05-09-09
                                                                  • 3065

                                                                  #33
                                                                  Nice hit...congratulations
                                                                  Comment
                                                                  • ucbearcats1027
                                                                    SBR Wise Guy
                                                                    • 01-05-09
                                                                    • 903

                                                                    #34
                                                                    Thanks glad I didn't hedge but the reds bullpen is awful so far
                                                                    Comment
                                                                    • jjgold
                                                                      SBR Aristocracy
                                                                      • 07-20-05
                                                                      • 388179

                                                                      #35
                                                                      tremendous win!!
                                                                      Comment
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