Who likes and does well at Parlays?

[JRS21386]

I know some of you HATE them, but how about everyone?

[sickler]

I like correlated parlays.

[JRS21386]

I like correlated parlays.

Sorry but could you explain to me what a correlated parlay is? Don't know if i've heard that term..

[sickler]

http://weighingtheodds.blogspot.com/2005/10/sports-whats-toughest-part-of-betting.html

[UntilTheNDofTimE]

I like parlays and do well at them because I treat them as straight wagers
For instance on your basic 2 team parlay ur betting 1000/2500
I will take 2 games one early 1 late if the first wins I'll hedge the 2nd
So I'll win 1500 or loose nothing, that's a good straight wager to me

[JRS21386]

I like parlays and do well at them because I treat them as straight wagers
For instance on your basic 2 team parlay ur betting 1000/2500
I will take 2 games one early 1 late if the first wins I'll hedge the 2nd
So I'll win 1500 or loose nothing, that's a good straight wager to me

Hedge meaning bet the other side?

[pavyracer]

Hedge meaning bet the other side?

Let's say about Monday Night Football he had in a parlay Green Bay and Oakland last night. Since Green Bay won the first game if he bet Denver in a separate staight bet that means he is "hedging" the parlay bet since the first part of the parlay won to guarantee profit. One of the two tickets will win but not both lose or win.

[JRS21386]

I see... not a bad idea at all

[JerseyShop101]

I like parlays and do well at them because I treat them as straight wagers
For instance on your basic 2 team parlay ur betting 1000/2500
I will take 2 games one early 1 late if the first wins I'll hedge the 2nd
So I'll win 1500 or loose nothing, that's a good straight wager to me

No ofense, but what your doing doesn't make sense to me.

Why not bet the first game straight 1000 to win 909. If it wins bet 660 to win 600 on the late game. This way your up 249 if the late game loses or your up 1509 if the late game wins.

If you are hedging to get a portion back is one thing, but to bet it this way to get back to zero on a 2 team parlay, your better off with the straights.

[JRS21386]

No ofense, but what your doing doesn't make sense to me.

Why not bet the first game straight 1000 to win 909. If it wins bet 660 to win 600 on the late game. This way your up 249 if the late game loses or your up 1509 if the late game wins.

If you are hedging to get a portion back is one thing, but to bet it this way to get back to zero on a 2 team parlay, your better off with the straights.

Because if you bet it on a parlay, you would be up around or over 2,000 versus 1509... if he hedges the 2nd game then he loses nothing but wins nothing... higher risk/reward..

[JerseyShop101]

Because if you bet it on a parlay, you would be up around or over 2,000 versus 1509... if he hedges the 2nd game then he loses nothing but wins nothing... higher risk/reward..

But what he is saying above is that he is doing a 2team parlay risking 1000 to win 2500 (most books are 2600 though), if it wins, he then hedges by taking the opposite side 1100 to win 1000. If the late game wins he wins 1500 (1600 at most books) 2600 - 1100. If late game loses he wins the hedge of 1000 to cover the parlay loss,

It makes sense to do the 1000 early straight then the 660 late game straight if he hedges like this on a 2team parlay.

[JRS21386]

I see what your saying... Im a little confused now... lol

[pavyracer]

It is usually not a good idea to hedge 2-team parlays. It is highly advised for at least 3-teams or more.

[JRS21386]

So on a 3 teamer you wait to see if you hit the first 2 and hedge the 3rd?

[jjgold]

If you did the numbers of hedging the 3rd team in a parlay vs letting it ride will will not see a big difference either way.

[JRS21386]

If you did the numbers of hedging the 3rd team in a parlay vs letting it ride will will not see a big difference either way.

Do you ever hedge jj?

[gm2022]

Do you ever hedge jj?

I would if I get the right odds, and how the games our layed out, JJ will say Fk No but if that 3rd game comes up and I can promise my self a winner ship it

[sickler]

If the potential payout of the parlay is huge, damn right you hedge the last game. How much to hedge is the question.

[JRS21386]

If the potential payout of the parlay is huge, damn right you hedge the last game. How much to hedge is the question.

So you just do it on BIG parlays? like 6 teamers?

[sickler]

I don't do six teamers, but if a few hundred was put on a three teamer, the payout could be nice.

[JRS21386]

I don't do six teamers, but if a few hundred was put on a three teamer, the payout could be nice.

Nice... 6 team is too many id say... but thats cool... i think i grasp the concept.. im gonna try it..

[pavyracer]

So on a 3 teamer you wait to see if you hit the first 2 and hedge the 3rd?

You only hedge if you have only one game left to hit. A 3-teamer is about 6 to 1. You need to at least hedge so you either get 4 to 1 if the parlay hits or 1 to 1 if it hedges.

jjgold, why wouldn't you want to get paid 4 to 1 or 1 to1 instead of 6 to 1 or nothing

[sickler]

There are other variables. That last game could involve hitting a middle while hedging it..