Do I Hedge ..Looking for the pros opinions on this who hedge

**MickeyMan** · 12-02-18, 04:46 PM

Why would you even put chargers in if you planned on hedging?

If you could get Pitt live as a dog then it makes a little more sense

**SEAHAWKHARRY** · 12-02-18, 04:49 PM

I didn't plan on hedging and haven't decided if I would just asking for other
Peoples opinions so I can determine a correct play thanks for asking.

**maggiethebestdog** · 12-02-18, 04:50 PM

Originally posted by MickeyMan

Why would you even put chargers in if you planned on hedging?

If you could get Pitt live as a dog then it makes a little more sense

Lol
?????????

**MickeyMan** · 12-02-18, 04:52 PM

Well if you are still confident in the chargers I would hope they get up early and have a chance for a middle.

I also hate hedging on anything that is laying juice to hedge.

GL harry

**lakerboy** · 12-02-18, 04:52 PM

Hedge. Everyone is on lac.

**maggiethebestdog** · 12-02-18, 04:53 PM

Originally posted by SEAHAWKHARRY

PARLAY (3 TEAMS)
[353] L.A. CHARGERS +135
[357] BALTIMORE +120
[364] N.Y. GIANTS +170

100.00 / 1295.90
Ok so I doubted the ravens but fukk man do I let it ride or put how much on the Pittsburgh to win?
Really don't have the experience in hedging bets.

I would make a guaranteed $625 and move on with life
If you have a ton of money and that much is insignificant to you then it really doesn't matter either way

**MickeyMan** · 12-02-18, 04:56 PM

Originally posted by maggiethebestdog

I would make a guaranteed $625 and move on with life
If you have a ton of money and that much is insignificant to you then it really doesn't matter either way

If you do that then why did you even bet a 3 team parlay?

Bet the two teamer and you are already paid

**Slipknot26** · 12-02-18, 04:56 PM

Honestly , with you betting lower amounts , I would .
Up to you but several hundred profit while betting $25 , $50 is a big deal man , that a big week overall .

**maggiethebestdog** · 12-02-18, 04:57 PM

Originally posted by MickeyMan

If you do that then why did you even bet a 3 team parlay?

Bet the two teamer and you are already paid

Its obvious you don't know about gambling or you are just trolling

**DOM_Toretto** · 12-02-18, 05:02 PM

Harry based on the amounts you bet, I suggest hedging. Pit ML is about -150 so you can lay 300 on pit so either you net profit 100 or 900.... guarantee no loss. When I hedge I like to still root for the original play so this scenario is still juicy.

**SEAHAWKHARRY** · 12-02-18, 05:03 PM

Yeah I'm a 20-50 guy but if my previous week was profitable I'll throw a hundo in a three tamer this week just looked good for dawgs I really was worried about Baltimore...chargers are without their RB but air Rivers is slinging it against the porous D of Pittsburgh

**maggiethebestdog** · 12-02-18, 05:07 PM

Originally posted by SEAHAWKHARRY

Yeah I'm a 20-50 guy but if my previous week was profitable I'll throw a hundo in a three tamer this week just looked good for dawgs I really was worried about Baltimore...chargers are without their RB but air Rivers is slinging it against the porous D of Pittsburgh

If you are a small player and have a chance to win $600, why wouldn't you??
Also, I disagree with other poster
I would guarantee myself the most amount of money possible
If you are gonna hedge, then hedge

**SEAHAWKHARRY** · 12-02-18, 05:07 PM

Yeah gotta take some advice from a couple good guys hedged
STRAIGHT BET
[354] PITTSBURGH -160

320.00 / 200.00

Still wanna get that payday with chargers but..if not I still won

**Slipknot26** · 12-02-18, 05:08 PM

$500 on Pitt @-150
Pitt wins +400 ( $500 ML - $100 Parlay )

Chargers win +545 ($1295 Parlay win -$750 ML Pitt loss )

Lot of money for small gambler

Best of luck whatever you decide

**jjgold** · 12-02-18, 05:08 PM

Hedge about 40% Harry

**Optional** · 12-02-18, 05:10 PM

I bet $50 units.

And like the first person said, don't make the bet to start with if hedging is going to come into your thoughts, as really, you are just giving your value back to the book.

But $1300 would be a big score for me so in your place would probably takes Dom's suggestion. Bet for a small win if Chargers lose.

And then during the game you will have that $900 still riding on the chargers to hedge out fully live if worst comes to worst.

Originally posted by DOM_Toretto

Harry based on the amounts you bet, I suggest hedging. Pit ML is about -150 so you can lay 300 on pit so either you net profit 100 or 900.... guarantee no loss. When I hedge I like to still root for the original play so this scenario is still juicy.

**maggiethebestdog** · 12-02-18, 05:10 PM

Originally posted by SEAHAWKHARRY

Yeah gotta take some advice from a couple good guys hedged
STRAIGHT BET
[354] PITTSBURGH -160

320.00 / 200.00

Still wanna get that payday with chargers but..if not I still won

You are free to do what you want, but that makes no sense to me
Either hedge for as much as you can or let it ride
You are getting too emotionally attached to your Chargers pick

**2daBank** · 12-02-18, 05:12 PM

The right answer is hedging a bad idea in general but the real answer is It a situational thing as in it depends on your situation!

**maggiethebestdog** · 12-02-18, 05:14 PM

Originally posted by Optional

I bet $50 units.

And like the first person said, don't make the bet to start with if hedging is going to come into your thoughts, as really, you are just giving your value back to the book.

But $1300 would be a big score for me so in your place would probably takes Dom's suggestion. Bet for a small win if Chargers lose.

And then during the game you will have that $900 still riding on the chargers to hedge out fully live if worst comes to worst.

This is unreal
A 2 teamer pays nothing on $50
A 3 teamer gives a $50 player a chance to make a big hit with a win or a hedge

Amazing

**Optional** · 12-02-18, 05:15 PM

It's also usually a good idea to not have a dog as the last leg of a parlay like this with 2 other dogs. As it makes hedging expensive.

**MickeyMan** · 12-02-18, 05:17 PM

Originally posted by maggiethebestdog

This is unreal
A 2 teamer pays nothing on $50
A 3 teamer gives a $50 player a chance to make a big hit with a win or a hedge

Amazing

You are funny

**Optional** · 12-02-18, 05:18 PM

Originally posted by maggiethebestdog

This is unreal
A 2 teamer pays nothing on $50
A 3 teamer gives a $50 player a chance to make a big hit with a win or a hedge

Amazing

Why is the third leg in there at all if that is the plan from the outset?

Seriously. Why not just take your winnings from the 2 legger and put as much on that third leg as you want to?

Planning a bet with the idea of hedging is like saying I'd prefer to pay the juice twice

**lonegambler23** · 12-02-18, 05:19 PM

lol is this even real money

**maggiethebestdog** · 12-02-18, 05:19 PM

Originally posted by Optional

It's also usually a good idea to not have a dog as the last leg of a parlay like this with 2 other dogs. As it makes hedging expensive.

I disagree with this because he got better payout numbers by choosing a dog
Take emotion out of it and make $600 without sweating it
There will be plenty of other games to get your "action" fix with

**Brutus84** · 12-02-18, 05:20 PM

Steelers will win so I would hedge

**lonegambler23** · 12-02-18, 05:21 PM

if it is then yes, if its not then no

**ForumvilleLoL** · 12-02-18, 05:22 PM

Originally posted by lonegambler23

lol is this even real money

Don't do that, Harry is legit as anyone on here pal. Just stop

**maggiethebestdog** · 12-02-18, 05:24 PM

Originally posted by Optional

Why is the third leg in there at all if that is the plan from the outset?

Seriously. Why not just take your winnings from the 2 legger and put as much on that third leg as you want to?

Planning a bet with the idea of hedging is like saying I'd prefer to pay the juice twice

Are you being serious????
A 2 teamer pays a little over a 100 for a 50 bet
By adding the 3rd team you get odds that make it possible to make some real money with a 50 bet, even with a hedge, just like he did
Now he's gonna piss it away

**Slipknot26** · 12-02-18, 05:26 PM

BTW while everyone argues
Nice job regardless of the outcome , hard to get 2 doggies on a Parlay , you have a chance at 3 with profit no matter what .
Nice job Harry

**gauchojake** · 12-02-18, 05:31 PM

https://www.sportsbookreview.com/picks/tools/arbitrage-calculator/

The problem with hedging this bet is the amount you have to bet to max your arb. If you are a 50 player, this might require a reload which seems silly. It's a good problem to have though. In these cases I usually take some profit on the hedge and gamble that my original bet will come through. Sounds like you came to the same conclusion. Good luck Harry.

**DeathAdder** · 12-02-18, 05:34 PM

Nobody worth there salt hedges. Do you honestly think the legendary Billy Walters hedged his bets? Top tier handicappers lay it on the line because there bets are so good that hedging becomes a -ev proposition. Only suckers and scaredy cats hedge. Take it from someone whose made thousands by not hedging when he could have.

**maggiethebestdog** · 12-02-18, 05:35 PM

Sorry, I keep writing $50 and the bet was $100, but the same principles apply

**Optional** · 12-02-18, 05:35 PM

Originally posted by maggiethebestdog

I disagree with this because he got better payout numbers by choosing a dog
Take emotion out of it and make $600 without sweating it
There will be plenty of other games to get your "action" fix with

I'm not disagreeing Harry should not hedge this one. Hedging is what you do if you think the position has changed, or you made parlay like this where the last leg was always too large a bet for your stomach. $694 on Chargers +135 in this case.

But you should never PLAN up front to hedge anything.

If he just bet his $100 on the first 2 legs, right now he would sitting with $594 profit in his account. And can make any choice he wants about tomorrow still.

If he hedged out fully right now at -170, he would not be making "$600". He would make $418 profit.

Here's Harry's exact options;

Hedging Strategies

A spectrum of hedging strategies exists, with three popular strategies shown below.

Unbiased strategy

This strategy aims to provide the same profit or loss regardless of the event outcome. This is achieved by placing a hedge bet of $877.99 on the opposing selection.
The strategy:


Original bet	$100.00	13.96
Hedge bet	$877.99	1.59

Profit / loss table:


Original bet	$1,296.00	$-100.00
Hedge bet	$-877.99	$518.01
Combined wagers	$418.01	$418.01

Biased strategy towards original bet

This strategy aims for no profit or loss if the hedge bet wins. This is achieved by placing a hedge bet of $169.49 on the opposing selection.
If the original selection wins this strategy will provide a higher profit than the unbiased strategy.
The strategy:


Original bet	$100.00	13.96
Hedge bet	$169.49	1.59

Profit / loss table:


Original bet	$1,296.00	$-100.00
Hedge bet	$-169.49	$100.00
Combined wagers	$1,126.51	$0.00

Biased strategy towards hedge bet

This strategy aims for no profit or loss if the original bet wins. This is achieved by placing a hedge bet of $1,296.00 on the opposing selection.
If the original selection loses this strategy will provide a higher profit than the unbiased strategy.The strategy:


Original bet	$100.00	13.96
Hedge bet	$1,296.00	1.59

Profit / loss table:


Original bet	$1,296.00	$-100.00
Hedge bet	$-1,296.00	$764.64
Combined wagers	$0.00	$664.64

**MickeyMan** · 12-02-18, 05:36 PM

Originally posted by maggiethebestdog

Are you being serious????
A 2 teamer pays a little over a 100 for a 50 bet
By adding the 3rd team you get odds that make it possible to make some real money with a 50 bet, even with a hedge, just like he did
Now he's gonna piss it away

Did you stop taking math in grade 2?