I'm pretty new to sports betting, and have a hedging question. I have a 6 team parlay for CFB bowl season. I took 6 underdogs MLs, for a long shot at a giant payout. Already hit Tex Tech (+420) and Nebraska (+285). Have Mich St (+200), C. Florida (+575), Oklahoma (+500), and Auburn (+220) left to go. 1 unit to pay out 7950 units. Do I hedge yet?
When to think about hedging?
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STAXSBR MVP
- 11-01-13
- 3718
#1When to think about hedging?Tags: None -
VegasInsiderSBR Posting Legend
- 12-12-10
- 14593
#2There really isn't any logical way to hedge a 6 teamer when only 2 games are complete. Considering it's only a 1 unit wager and it's an EXTREME longshot, just enjoy the games and chalk it up as a loss. If you somehow get through Michigan State and Baylor, now you can start working out hedge options.Comment -
tto827SBR Hall of Famer
- 10-01-12
- 9078
#3Oh my, solid plays... hard to hedge out ML dogs cause you're going to have to pay a lot to do it and basically all the remaining games have moved hard against you....
Maybe do a to win 2u hedge on the next game, and increase the to win on the favorites if the dogs continue to win for you.Comment -
STAXSBR MVP
- 11-01-13
- 3718
#4There really isn't any logical way to hedge a 6 teamer when only 2 games are complete. Considering it's only a 1 unit wager and it's an EXTREME longshot, just enjoy the games and chalk it up as a loss. If you somehow get through Michigan State and Baylor, now you can start working out hedge options.Comment -
seaborneqSBR Posting Legend
- 09-08-06
- 22556
#5I'm pretty new to sports betting, and have a hedging question. I have a 6 team parlay for CFB bowl season. I took 6 underdogs MLs, for a long shot at a giant payout. Already hit Tex Tech (+420) and Nebraska (+285). Have Mich St (+200), C. Florida (+575), Oklahoma (+500), and Auburn (+220) left to go. 1 unit to pay out 7950 units. Do I hedge yet?Comment -
STAXSBR MVP
- 11-01-13
- 3718
#6Hedge time now? What do you think? 4 for 4 now, need Oklahoma (+500) and Auburn (+220) now to hit.Comment -
VegasInsiderSBR Posting Legend
- 12-12-10
- 14593
#7Now you're in some serious business. What an unbelievable position to be in.
You can pretty much risk whatever you want know, in a variety of ways, to make some good money.
How much is the parlay for? (how much is one unit)
PM me if you have any questions. I'll gladly help you out.Comment -
Ghenghis KahnSBR Posting Legend
- 01-02-12
- 19735
#8let your $1 bet ride. what would you hedge with?
actually do a biggest teaser.Comment -
STAXSBR MVP
- 11-01-13
- 3718
#9Now you're in some serious business. What an unbelievable position to be in.
You can pretty much risk whatever you want know, in a variety of ways, to make some good money.
How much is the parlay for? (how much is one unit)
PM me if you have any questions. I'll gladly help you out.Comment -
VegasInsiderSBR Posting Legend
- 12-12-10
- 14593
#10What do you mean??
Who gives a shit if you have to lay -800 on Bama?? Even if he put 8 units on it and lost, now he has a 9 unit wager on the parlay to win some ludicris amount. He's in perfect position and just needs ONE more upset (albeit probably the toughest one).
I'd be doing one of two things tomorrow:
1) Calling the sportsbook and see if they want to settle for something, or..
2) Loading up my account to make the necessary hedge moveComment -
BigDeem5SBR Posting Legend
- 02-26-11
- 17191
#11I would hedge the sh*t out of it now.Comment -
sourtwistSBR Hall of Famer
- 11-10-12
- 9364
#12Good luck staxComment -
VegasInsiderSBR Posting Legend
- 12-12-10
- 14593
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BigDeem5SBR Posting Legend
- 02-26-11
- 17191
#14You lay about 7.5k-10k on Bama ml
If OK wins...
You lay about 5k-7k on Fla St MlComment -
BigDeem5SBR Posting Legend
- 02-26-11
- 17191
#15
Are you fukking kidding? $40 to win $5?Comment -
VegasInsiderSBR Posting Legend
- 12-12-10
- 14593
#17Yes, get out now for as much as you can. Since it's only $5 original stake, you won't have to take out a bank loan to get enough cash to make it worth while.
My play would be a variety of teasers, parlays, ML wagers to try and maximize.
Since you're making $5 parlays, I can't imagine you have $10K in your account. If so, you can lay $8,000 on Alabama ML and if they win, you're up $1,000. If they lose, you have $8,000 to win $38K on Monday and a much cheaper favorite to TRUE HEDGE with.Comment -
VegasInsiderSBR Posting Legend
- 12-12-10
- 14593
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BigDeem5SBR Posting Legend
- 02-26-11
- 17191
#19No shit. You get 8k to hedge with.
No ifs and or buts.Comment -
STAXSBR MVP
- 11-01-13
- 3718
#22I think they have a legit shot, although I dont feel great about it.
If I hedge I'd put XXXX on Bama ML, and then put enough on FSU to recoup that loss plus make a profit if need be. Sound about right? Not going to put 10K on Bama, lose that and then only put 7K on FSU.Comment -
Ghenghis KahnSBR Posting Legend
- 01-02-12
- 19735
#23not sure what the max bet is for 17pt teasers but i'd do that at all the books that offer with alabama and florida st.
thank me later...Comment -
The GiantSBR Posting Legend
- 01-21-12
- 21480
#24I'm pretty new to sports betting, and have a hedging question. I have a 6 team parlay for CFB bowl season. I took 6 underdogs MLs, for a long shot at a giant payout. Already hit Tex Tech (+420) and Nebraska (+285). Have Mich St (+200), C. Florida (+575), Oklahoma (+500), and Auburn (+220) left to go. 1 unit to pay out 7950 units. Do I hedge yet?
I'll let you know if there's even a chance of getting paid. Once we figure that out, we'll work on some guaranteed profits.Comment -
VegasInsiderSBR Posting Legend
- 12-12-10
- 14593
#2517 point teaser option might not be a bad one. It should be less vig then the odds out there. It's something to think about. Problem is, not many shops offer it. Main thing is I hope this guy is at Heritage, 5Dimes or one of the reputable Euro books.Comment -
STAXSBR MVP
- 11-01-13
- 3718
#26carbon sportsbookComment -
STAXSBR MVP
- 11-01-13
- 3718
#27most i can do is a 10 pt teaser... they have Bama (-17) FSU (-7.5)Comment -
STAXSBR MVP
- 11-01-13
- 3718
#28just emailed about settlementComment -
BigDeem5SBR Posting Legend
- 02-26-11
- 17191
#29Oh, god.
Carbon Sportsbook.
They take a while to pay $600, yet alone $38k.Comment -
STAXSBR MVP
- 11-01-13
- 3718
#30yeah it takes a minute to get paid but I always have. had 13k in there 6 months ago and got it. been on the site for 8 yearsComment -
Ghenghis KahnSBR Posting Legend
- 01-02-12
- 19735
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STAXSBR MVP
- 11-01-13
- 3718
#33u can stack ur cashouts, takes about a month to get the first 2500 but then u get the other 2500 cashouts a week or two apartComment -
tto827SBR Hall of Famer
- 10-01-12
- 9078
#34What good does the 17 point teaser do him?
If one fav wins one dog wins he gets absolutely assraped.
Open an account at bovada to bet Florida state -280 (if Oklahoma wins)
This part you should do asap:
Open an account at betonline and bet Bama -650 (best line available where you're sure to get paid)
As for the amounts, that's up to you. But I'd be sure to make at least $500 for making it this far.Comment
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