Should I hedge?....

[djeffectz]

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.

o i was getting lucky, i had to sweat all the bets out, it wasnt even funny........yes, I got real greedy when I saw all that money going into my account, I tried to withdraw money but i couldnt, i waited for 5 weeks for my echeck to cleared....

funny thing was, i lost it all the day before the echeck was cleared

[InTheHole]

It comes and goes...I wish I was the way I am now when I first started. Learned my lessons real quick.

[djeffectz]

yeah, you live you learn.....

I needed that money too, cause i wasnt going to work this year to focus on school....now i have to find a part time job.....lol

[johnnymapalo]

Didn't I tell you people. Never hedge. Ride it out and have confidence in your bets..

[woodg8]

Smart Gamblers hedge. Dumb ****'s don't.

[Ganchrow]

Smart Gamblers hedge. Dumb ****'s don't.

Smart gamblers try not out themselves in situations where a they know they'll need to hedge in the future.

Of course this is frequently not possible, however in this situation it clearly was.

In general, bettors shouldn't be playing uncorrelated parlays that without some drastic exogenous change to bankroll they'd give serious consider to hedging were the few few legs to win.

If you frequently find yourself considering hedging parlays, then your parlays are probably too large.

[LT Profits]

For the one hundreth time, NEVER EVER hedge three-team parlays or any other short term wager unless you get new information that makes you leery of the final leg. If you are not confident enough in the third leg, then simply leave it out and make it a two-team parlay. If you add the third leg believing it had +EV, then you are HURTING yourself in the long run by hedging out. Pretty basic logic really.

The ONLY time I ever hedge is with long term prop bets where my original bet has monster odds.

[Ganchrow]

For the one hundreth time, NEVER EVER hedge three-team parlays or any other short term wager unless you get new infrmation that makes you leery of the final leg. If you are not confident enough in the third leg, then simply leave it out and make it a two-team parlay. If you add the third leg believing it had +EV, then you are HURTING yourself in the long run by hedging out. Pretty basic logic really.

All I'd add would be that you might not be hurting yourself by hedging the final leg and in fact doing so might very well be the "correct" play.

The real mistake was probably made by having placed the parlay in the first place, and not hedging might very well be ultimately compounding that mistake.

The ONLY time I ever hedge is with long term prop bets where my original bet has monster odds.

Yep, in general this would make for a great time to hedge.

[LT Profits]

Right, but my answer was based on the assumption that the three-teamer was a +EV bet to begin. We agree that is almost never the case with three-team parlays, but that is a different topic altogether.

[Ganchrow]

Right, but my answer was based on the assumption that the three-teamer was a +EV bet to begin.

Doesn't matter.

If the 3rd bet is +EV, hedging might still be the correct play and not hedging a horrible mistake.

the assumption that the three-teamer was a +EV bet to begin. We agree that is almost never the case with three-team parlays

Well, if you indeed have 3 +EV bets, a parlay of three will necessarily be higher EV than that of the straight bets.