Should I hedge?....

johnnymapalo · 07-06-08, 05:01 PM

why hedge? If you made a bet, u must have confidence in your bet. One time I was gonna hedge a 5 team parlay that would have won me $400 dollars. The last team was gonna play and I didn't want to lose so I thought about hedging. Then I said F it and just let it ride because I have confidence in my bets. Well, I let it ride and won the $400. Bottom line, never Hedge. Hedging is for unconfident bettors..

Tsoprano · 07-06-08, 05:03 PM

Up to you, I had a great day today! Had all your baseball picks, and took the Silver Stars for the WNBA. I would guarantee yourself some money. For people who say hedging is for pussies, well money is for men, and gambling is just an entertaining business. Make money in it.

Although you would have that much more excitement knowing that Yankees make it a do or die situation. Some would still have just as much excitment knowing the "larger bet" is for the yankees to win, and rather being pissed when going to bed tonight, you win/win either way. Just better if yankees win in this case.

GL in your decision!

SBR Lou · 07-06-08, 05:03 PM

Why hedge? If you were going to hedge if the 1st two legs hit, you should have just played a two team parlay then make a straight bet on the evening game.

Tsoprano · 07-06-08, 05:04 PM

Originally posted by johnnymapalo

why hedge? If you made a bet, u must have confidence in your bet. One time I was gonna hedge a 5 team parlay that would have won me $400 dollars. The last team was gonna play and I didn't want to lose so I thought about hedging. Then I said F it and just let it ride because I have confidence in my bets. Well, I let it ride and won the $400. Bottom line, never Hedge. Hedging is for unconfident bettors..

Ridiculous response, you are using the results to your personal situation indicate the answer for hedging in general. Now if would of lost money by that last game losing, im sure you wouldn't have the same point of view about hedging to assure some money.

woodg8 · 07-06-08, 05:05 PM

Originally posted by johnnymapalo

why hedge? If you made a bet, u must have confidence in your bet. One time I was gonna hedge a 5 team parlay that would have won me $400 dollars. The last team was gonna play and I didn't want to lose so I thought about hedging. Then I said F it and just let it ride because I have confidence in my bets. Well, I let it ride and won the $400. Bottom line, never Hedge. Hedging is for unconfident bettors..

That's a pretty dumb statement. You're in the betting business to win money. If I get a chance to hedge out of a bet, I take it. Countless times I've lost parlays because of the last team faultering, and it's pretty stupid not to guarantee yourself a profit if you get the chance to.

Hedge out before you regret it.

Tsoprano · 07-06-08, 05:06 PM

Having confidence is great, having money is also great, with a small hedge, you get green. Doesnt have to be a large amount hedge, even to be up $40, who gives a shit, positive figures is the main thing in gambling.

Tsoprano · 07-06-08, 05:07 PM

Originally posted by woodg8

That's a pretty dumb statement. You're in the betting business to win money. If I get a chance to hedge out of a bet, I take it. Countless times I've lost parlays because of the last team faultering, and it's pretty stupid not to guarantee yourself a profit if you get the chance to.

Hedge out before you regret it.

Exactly.

Brady2Moss · 07-06-08, 05:07 PM

I would only consider hedging If it were a 4-5 team parlay or if you have a huge dog as your last play...

SBR Lou · 07-06-08, 05:08 PM

If you fully intend to hedge an evening game should your other legs hit, I don't think it makes sense to include that night game in the parlay at all. Why not just parlay the day games and put any winnings on the evening game you like instead?

Brady2Moss · 07-06-08, 05:08 PM

In this case I would just hedge enough to cover your loss if the parlay doesnt hit

djeffectz · 07-06-08, 05:09 PM

Originally posted by crazyl

Why hedge? If you were going to hedge if the 1st two legs hit, you should have just played a two team parlay then make a straight bet on the evening game.

youre right crazy, i shouldve done something like that.....

frostno98 · 07-06-08, 05:09 PM

At the very least, play to get your money back and let the rest ride.

InTheHole · 07-06-08, 05:10 PM

Originally posted by Brady2Moss

In this case I would just hedge enough to cover your loss if the parlay doesnt hit

I like that.

awholelottalumps · 07-06-08, 05:11 PM

Hedging is like buying insurance in blackjack,never a good idea.I had a similar situation a few weeks when I Seattle at Atlanta to win $750.Well this is why I'll never hedge again,I took Atlanta-1.5 for $368 to win $468 because I didn't want to lay the juice with Atlanta-165.The only way I lose is if Atlanta wins by one run,well I took my chances and Seattle had the lead 4-3 going into the bottom of the 9th and you guessed it Atlanta won 5-4.I wanted to kick myself in the balls.Hedge only what you put up on the parlay if you decide to do so.So just be happy you have a chance and if your meant to win you will,good luck.

woodg8 · 07-06-08, 05:12 PM

Originally posted by crazyl

If you fully intend to hedge an evening game should your other legs hit, I don't think it makes sense to include that night game in the parlay at all. Why not just parlay the day games and put any winnings on the evening game you like instead?

Well, if you expect the first to win, and win quite easily, then early parlays increase the odds you've got on the Boston game, and guarantee a bigger profit, rather than just betting outright.

woodg8 · 07-06-08, 05:13 PM

Originally posted by awholelottalumps

Hedging is like buying insurance in blackjack,never a good idea.I had a similar situation a few weeks when I Seattle at Atlanta to win $750.Well this is why I'll never hedge again,I took Atlanta-1.5 for $368 to win $468 because I didn't want to lay the juice with Atlanta-165.The only way I lose is if Atlanta wins by one run,well I took my chances and Seattle had the lead 4-3 going into the bottom of the 9th and you guessed it Atlanta won 5-4.I wanted to kick myself in the balls.So just be happy you have a chance and if your meant to win you will,good luck.

That's not a very good hedge then, as you didn't do it properly. Hedging is guaranteeing a profit WHATEVER happens, not if they lose by a run.

Tsoprano · 07-06-08, 05:14 PM

Originally posted by crazyl

If you fully intend to hedge an evening game should your other legs hit, I don't think it makes sense to include that night game in the parlay at all. Why not just parlay the day games and put any winnings on the evening game you like instead?

It has nothing to do with not trusting that particular play. Hes at the point where he has the Books in a corner with their "backs against the wall" to hand him cash if he plays it right. I would hate to see Joba fvck this one up, and he lost money instead of winning.

I think the Yankees win tonight, but no ones right all the time, which is why a small hedge makes him right nor matter what happens.

SBR Lou · 07-06-08, 05:14 PM

Originally posted by woodg8

Well, if you expect the first to win, and win quite easily, then early parlays increase the odds you've got on the Boston game, and guarantee a bigger profit, rather than just betting outright.

Not if you start hedging.

And if it's just a "cover your bet hedge", it makes absolutely no sense if your parlay was exercising proper BR management.

ManOfValue · 07-06-08, 05:14 PM

Always a good idea to put yourself in a win/win situation, there is NO guarantee you're gonna win the last leg..

Tsoprano · 07-06-08, 05:18 PM

Originally posted by awholelottalumps

Hedging is like buying insurance in blackjack,never a good idea.I had a similar situation a few weeks when I Seattle at Atlanta to win $750.Well this is why I'll never hedge again,I took Atlanta-1.5 for $368 to win $468 because I didn't want to lay the juice with Atlanta-165.The only way I lose is if Atlanta wins by one run,well I took my chances and Seattle had the lead 4-3 going into the bottom of the 9th and you guessed it Atlanta won 5-4.I wanted to kick myself in the balls.Hedge only what you put up on the parlay if you decide to do so.So just be happy you have a chance and if your meant to win you will,good luck.

You didnt hedge. You didnt have a guaranteed profit even by doing that.

Tsoprano · 07-06-08, 05:19 PM

This is why Books end up with money and most players end up losers.

Greed kills everyone, you wanna win every last buck by letting something ride, than you get nothing with a loss and the Books get it. Not hedging small is a perfect example of greed, which eventually catches up and puts people in rough spots when it comes to gambling.

DazeyBlazer · 07-06-08, 05:20 PM

boston is going to wreck town tonight...sorry u better hedge

awholelottalumps · 07-06-08, 05:26 PM

I agree what I did wasn't the proper way to hedge.I learned my lesson and in that situation I had the dog and would of had to hedge with the favorite,not the case with his situation as he can hedge with the underdog which is a good situation to be in.Greed can be the downfall of anyone,so don't screw up like I did.

Tsoprano · 07-06-08, 05:30 PM

Originally posted by awholelottalumps

I agree what I did wasn't the proper way to hedge.I learned my lesson and in that situation I had the dog and would of had to hedge with the favorite,not the case with his situation as he can hedge with the underdog which is a good situation to be in.Greed can be the downfall of anyone,so don't screw up like I did.

It wasnt only the wrong way, it just wasnt a way. You either hedge or you dont hedge, you didnt. So you cant use that example to form an opinion about this guys situation.

InTheHole · 07-06-08, 11:12 PM

Did you hedge?

fiveteamer · 07-06-08, 11:15 PM

heding is for pussies. bottom line. I didn't even look at the post, just the topic.

djeffectz · 07-06-08, 11:16 PM

naw i didnt hedge....but i lost my other parlay......

InTheHole · 07-06-08, 11:17 PM

That's five hundred day

djeffectz · 07-06-08, 11:19 PM

Originally posted by InTheHole

That's five hundred day

couldve done better

zentiense · 07-06-08, 11:35 PM

Hey DJ you going to post these awesome plays beforehand? You always seem to choose good 2-3 teamers. I was sad I couldn't jump on board this one tonight! Nice job, looks like you're back in business on your way towards recovering those losses from last week...

djeffectz · 07-06-08, 11:49 PM

Originally posted by zentiense

Hey DJ you going to post these awesome plays beforehand? You always seem to choose good 2-3 teamers. I was sad I couldn't jump on board this one tonight! Nice job, looks like you're back in business on your way towards recovering those losses from last week...

thanks man, i will never get to where i was last week, it was impossible, one thing i learned, when youre blessed, dont take advanage of it......

I will post my plays tomorrow morning.........and will you do the same?

InTheHole · 07-06-08, 11:59 PM

DJ....Seen you win 10's of thousands thus far...dont want be a dick but you never seem to know when to slow down. I got killed in the NBA and NCAA and having been winning the last 3 months however cut my unit size in half. Would of had a lot of money by now but at the same time could have none at all.

djeffectz · 07-07-08, 12:02 AM

Originally posted by InTheHole

DJ....Seen you win 10's of thousands thus far...dont want be a dick but you never seem to know when to slow down. I got killed in the NBA and NCAA and having been winning the last 3 months however cut my unit size in half. Would of had a lot of money by now but at the same time could have none at all.

I have learned my lesson, I only play games that I like now, I use to play every game there was....... I was a action junkie,....
If I had good money management I wouldnt have to work this year..

InTheHole · 07-07-08, 12:08 AM

It's not even like you were getting lucky...consistently picking winners but toward the end of your runs you would take an all or nothing strategy. Think Long Term bud.