1. #1
    MiinnesotaNiice2
    MiinnesotaNiice2's Avatar Become A Pro!
    Join Date: 05-30-14
    Posts: 4
    Betpoints: 120

    Opinions on hedging bets?

    what are some opinions on hedging bets live, or either ending a fat parlay with a hedge? What meets your individual criteria?

  2. #2
    jjgold
    jjgold's Avatar SBR PRO
    Join Date: 07-20-05
    Posts: 394,888

    It depends

    Long time winners in any form of gambling hedge

    Smartest stock market traders all hedge on almost every position


    If it is a job you must hedge if your a gambler just let it ride

  3. #3
    Bill Dozer
    @BillDozer110
    Bill Dozer's Avatar Become A Pro!
    Join Date: 07-12-05
    Posts: 10,896

    Have you ever watched Deal or No Deal? They would have people on who were supposedly really bad off. I remember a lady was sitting on something like a $100,000 suitcase or maybe it was 50k or 200k, whatever. She had nothing. It was a life changing amount for her and her daughter. But there were maybe 5 suitcases left. 3 were bigger money. 2 were shit. The crowd is yelling for her to go for it. All she can think of is the new house, car etc. She risks it all and she won a shitload...but that's not the point. She risked more money than she's ever had, grocery money, money for a safe car, everything, for the big score because it was +Even. But it really wasn't because she could have lost her new quality of life.

    So that's what i usually tell people who ask if they should hedge. Hedge when you are cashing out to put yourself on another level. Otherwise hedging is usually cashing out of the wins that the law of probability says you are due.

    If you are betting 3 team parlays you are going to win x% of those by chance. You don't want to lose the full amount of the losers and take only some of the winner payouts because you hedged out. Watching people here hedge out big bets at halftime can make you cringe.

    You hedge out when you are winning your March Madness Bracket for 100k and it comes down one pick. Or when you had Syracuse to win $500,000 in future bet to win the NCAA Tourney.
    Nomination(s):
    This post was nominated 1 time . To view the nominated thread please click here. People who nominated: daneblazer

  4. #4
    smoke a bowl
    smoke a bowl's Avatar Become A Pro!
    Join Date: 02-09-09
    Posts: 2,776
    Betpoints: 13744

    Quote Originally Posted by MiinnesotaNiice2 View Post
    what are some opinions on hedging bets live, or either ending a fat parlay with a hedge? What meets your individual criteria?
    Only 2 ways I think it is correct to hedge. 1) If the position you have Is currently too big for the size of your bankroll. 2) The bet you are now making on the other side is independently a good bet and if that is the case then I think you should bet enough to where now you have a position on that side of the game.

  5. #5
    BuckyOne
    BuckyOne's Avatar SBR PRO
    Join Date: 01-02-15
    Posts: 2,673
    Betpoints: 15718

    Why did you buy it in the first place? If you hedge every bet that is looking good and eat all the bet's looking bad you cannot get out of - not going to work. I only believe in hedges that are close to bang bang - don't have a problem with a lead for that purpose as long as you are willing to eat a possible loss if you are wrong this time. Might be a big loss if you end up with a Polish position.

  6. #6
    MiinnesotaNiice2
    MiinnesotaNiice2's Avatar Become A Pro!
    Join Date: 05-30-14
    Posts: 4
    Betpoints: 120

    All good perspectives thanks for the answers boys.. Had a live tennis wager in at +974 last night the rooster eater was up 0-40, ****** that up, then went on to lose in a tiebreaker

Top