Need Hedge Advice, I can’t afford to come away empty handed

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  • Big Bear
    SBR Aristocracy
    • 11-01-11
    • 43253

    #1
    Need Hedge Advice, I can’t afford to come away empty handed
    Okay so it’s an 5 team parlay

    2 games left

    $300 to win $8,000

    Does this make sense...

    $1,100 on the first of the remaining legs

    if my parlay is still alive

    then go $2,200 on the next next leg


    if the first leg loses I net $700

    if the 2nd leg loses I net $600 b/c I would have lost the $300 I put down and the $100 for juice.

    by doing this and lets say I win the parlay well I guess I would net $5,800

    Does this make sense or is there a better option?

    for those of you saying let it ride

    I got bills to pay dawg
  • deeppckts
    SBR Wise Guy
    • 12-19-12
    • 830

    #2
    If you can't afford to come away from it empty handed, what would you have done if the first leg had lost?

    And yes, the answer is let it ride.
    Comment
    • Big Bear
      SBR Aristocracy
      • 11-01-11
      • 43253

      #3
      was drunk when I made the bet
      Comment
      • Hman
        SBR Posting Legend
        • 11-04-17
        • 21429

        #4
        Tell us the pending games
        Comment
        • Big Bear
          SBR Aristocracy
          • 11-01-11
          • 43253

          #5
          My buddy says I should hedge but I told him the math had to make sense

          would be a no brainer if it was down to 1 leg
          Comment
          • deeppckts
            SBR Wise Guy
            • 12-19-12
            • 830

            #6
            If you hedge you're sacrificing EV, so the answer in terms of EV is hedge 0.
            Beyond that, if you ARE going to hedge then it's up to you how you want to split it up based on the possible outcomes.
            The way you did it, you've left yourself open for a sizable win if your parlay hits.
            But if you doubled your hedging bet amounts to 2200 and 4400, you'd have the opposite. There's no right answer on how to do that.

            If you want to figure out how to guarantee yourself the same amount of money regardless of the outcome, let me know.
            Comment
            • Big Bear
              SBR Aristocracy
              • 11-01-11
              • 43253

              #7
              Originally posted by Hman
              Tell us the pending games
              LSU -13.5 over Oklahoma

              Ohio State ML over Clemson

              nervous/hype/excited all at the same time

              need some momentum heading into 2020
              Comment
              • trillz
                SBR MVP
                • 03-02-16
                • 1668

                #8
                Personally I would put 300-600 on the first leg and if it hits you can almost 50/50 hedge the last and come away with a few grand. Otherwise it’s a free roll essentially
                Comment
                • Big Bear
                  SBR Aristocracy
                  • 11-01-11
                  • 43253

                  #9
                  Originally posted by trillz
                  Personally I would put 300-600 on the first leg and if it hits you can almost 50/50 hedge the last and come away with a few grand. Otherwise it’s a free roll essentially
                  I like it thank you
                  Comment
                  • Otters27
                    BARRELED IN @ SBR!
                    • 07-14-07
                    • 30760

                    #10
                    Let LSU ride then go Clemson
                    Comment
                    • pavyracer
                      SBR Aristocracy
                      • 04-12-07
                      • 82839

                      #11
                      Let it ride. You can hedge on the cheap on a live bet.
                      Comment
                      • Hman
                        SBR Posting Legend
                        • 11-04-17
                        • 21429

                        #12
                        Originally posted by Big Bear
                        LSU -13.5 over Oklahoma

                        Ohio State ML over Clemson

                        nervous/hype/excited all at the same time

                        need some momentum heading into 2020



                        Ughhhh if only the Ohio State game was first you'd probably only have to hedge with Oklahoma.
                        Comment
                        • daneblazer
                          BARRELED IN @ SBR!
                          • 09-14-08
                          • 27861

                          #13
                          Is this some subtle sbr betting tutorial on what not to do ?
                          Comment
                          • Hman
                            SBR Posting Legend
                            • 11-04-17
                            • 21429

                            #14
                            I would ride with Ohio State and only hedge with Oklahoma.

                            Otherwise you're screwing up a much bigger payday.

                            I understand you need the dough but you're giving too much back by hedging 2 Games
                            Comment
                            • Big Bear
                              SBR Aristocracy
                              • 11-01-11
                              • 43253

                              #15
                              I admit I am a OSU homer

                              and that long haired freak Trevor Lawrence scares the hell out of me


                              Justin Fields says he is 80-85% and will wear a brace too

                              maybe he is playing possum trying to get Clemson to sleep on his running ability

                              who knows?

                              we got embarrassed last time

                              took us 5 years to crawl out of that grave Clemson put us in last time
                              Comment
                              • jjgold
                                SBR Aristocracy
                                • 07-20-05
                                • 388179

                                #16
                                Bear don’t hedge

                                Go for kill
                                Comment
                                • funnyb25
                                  BARRELED IN @ SBR!
                                  • 07-09-09
                                  • 39663

                                  #17
                                  Just wait for RangeFinder to come in and give you advice. He should check in with his solid input about 10 hours after your bets have started. BOL
                                  Comment
                                  • RudyRuetigger
                                    SBR Aristocracy
                                    • 08-24-10
                                    • 65084

                                    #18
                                    double down with account balance on same teams as parlay

                                    quit being a bitch
                                    Comment
                                    • 2daBank
                                      SBR Aristocracy
                                      • 01-26-09
                                      • 88966

                                      #19
                                      Put it all on Clemson.
                                      Comment
                                      • daneblazer
                                        BARRELED IN @ SBR!
                                        • 09-14-08
                                        • 27861

                                        #20
                                        If you absolutely have to hedge, put $350 or so on Clemson ML so you’re free rolling, then try to find OU +14 for whatever.
                                        Comment
                                        • Louisvillekid1
                                          SBR Aristocracy
                                          • 10-17-07
                                          • 52143

                                          #21
                                          Your joking right

                                          you have never bet $300

                                          lol your handle can barely spell

                                          cmon
                                          Comment
                                          • cincinnatikid513
                                            SBR Aristocracy
                                            • 11-23-17
                                            • 45360

                                            #22
                                            don't u have ohio state to win the national title for like 30k
                                            Comment
                                            • Easy-Rider 66
                                              BARRELED IN @ SBR!
                                              • 02-14-12
                                              • 36386

                                              #23
                                              Comment
                                              • Louisvillekid1
                                                SBR Aristocracy
                                                • 10-17-07
                                                • 52143

                                                #24
                                                Used to have a a poster Tripp

                                                with that yankee avy

                                                you need to switch it to the knicks or something
                                                Comment
                                                • swordsandtequila
                                                  SBR Hall of Famer
                                                  • 02-23-12
                                                  • 9757

                                                  #25
                                                  See if you can cash out, bet was doomed soon as you clicked on Ohio St.
                                                  Comment
                                                  • 2daBank
                                                    SBR Aristocracy
                                                    • 01-26-09
                                                    • 88966

                                                    #26
                                                    Originally posted by cincinnatikid513
                                                    don't u have ohio state to win the national title for like 30k
                                                    Being Xmas and all I was gonna let that slide and just pretend this is real. I’m a nice guy sometimes!! Lol
                                                    Comment
                                                    • Big Bear
                                                      SBR Aristocracy
                                                      • 11-01-11
                                                      • 43253

                                                      #27
                                                      good thread
                                                      Comment
                                                      • leetreaper
                                                        BARRELED IN @ SBR!
                                                        • 10-23-10
                                                        • 34841

                                                        #28
                                                        Originally posted by funnyb25
                                                        Just wait for RangeFinder to come in and give you advice. He should check in with his solid input about 10 hours after your bets have started. BOL
                                                        Comment
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