Testament to money management

BigBollocks · 01-06-08, 04:23 AM

Originally posted by 2Pac

I went 7-1, started with $400, ended with $300.

Don't go overboard, folks.

Agree 100% with this. Great example that hopefully some of the newer posters will pay attention to and learn by example. Cheers...

BigBollocks · 01-06-08, 04:27 AM

Originally posted by 2Pac

And hedge when you have a chance. Lock in the profit.

Couldn't agree less with this, but I could understand the personal satisfaction someone doing this for fun could get out of just knowing they won (despite drilling their long term profits). If you're serious about this game, there are very few times that you would wish to double juice yourself. Perhaps if you spotted something in the 1st half of play that makes you doubt your original call, but even that would have to be a somewhat extreme circumstance.

I've never understood why people hedge out of parlays lol. If you win the first three and then hedge the fourth game (thus double juicing yourself and hammering your profits), why not just play a three teamer for a higher profit if you're so desperate for that money? The game is tough enough without handing money over to the book. GL...

pico · 01-06-08, 04:40 AM

you'll hedge yourself out of a win.

pico · 01-06-08, 04:41 AM

hedge is bad because you pay double juice

JimmyG · 01-06-08, 08:22 AM

I only hedge at halftime if I wanted to reduce before the game started but couldnt.

Hedging as a habit is going to give away your advantage in order to reduce liability

Why give the bet away when your the one with the advantage at half?

rake922 · 01-06-08, 11:17 AM

If you went 7-1 .. then what was the wager amount on the 7 wins?!!!

pokernut9999 · 01-06-08, 11:34 AM

Originally posted by rake922

If you went 7-1 .. then what was the wager amount on the 7 wins?!!!

Started with 400 and bet 700 and lost and ended up with 300.

Sounds like 3rd grade math to me.