Heritage Sports Player has Open Parlay with 24 of 25 Sides Correct: Would You Hedge?

Sam Odom · 03-13-17, 01:30 PM

funnyb25 · 03-13-17, 01:37 PM

The goal of a parlay is to win right?

USCPHILLYGUY · 03-13-17, 01:40 PM

29K for $25? Yeah I'm hedging

reigle9 · 03-13-17, 01:41 PM

what's the catch here? "ortunately for him, Heritage Sports has a free hedge option that the player was able to use to guarantee himself a $29,000 payday, regardless of the outcome of tonight's game."

He has to be out something.

Nvm, I get it. He's out 31k but doesn't have to lay any actual money first.

Yeah, I'd hedge. You'd be thinking about it every day if you lost.

shaunovery · 03-13-17, 01:44 PM

Good luck

Why is the last leg the best price of all of the bets

Why not just bet a big ml

reigle9 · 03-13-17, 01:53 PM

Originally posted by shaunovery

Good luck

Why is the last leg the best price of all of the bets

Why not just bet a big ml

it wasn't an open parlay, so it doesn't really matter what the last leg is

edit - i'm retarded and it was an open parlay...yeah, makes no sense

re-edit: it wouldn't have paid NEARLY as much with a big ml, so maybe he's smart, did the math, and figured he'd be better off with the game he took and being guaranteed a nice chunk...just a guess

Sam Odom · 03-13-17, 01:59 PM

sorta like... do you ever take 'even money' holding a natural 21 (black jack)

answer: Depends

$30K is REAL money and may change your lifestyle short term

Kaabee · 03-13-17, 01:59 PM

...

jjgold · 03-13-17, 02:02 PM

hedge

SBR Forum · 03-13-17, 02:53 PM

Originally posted by reigle9

it wasn't an open parlay, so it doesn't really matter what the last leg is

edit - i'm retarded and it was an open parlay...yeah, makes no sense

re-edit: it wouldn't have paid NEARLY as much with a big ml, so maybe he's smart, did the math, and figured he'd be better off with the game he took and being guaranteed a nice chunk...just a guess

The player knew that Heritage had a free hedge option and used it to his advantage to close out the open parlay. If he would have went with a giant ML favorite, that would've significantly reduced the payout to the point where hedging may not have made sense.

CappinTerp · 03-13-17, 03:02 PM

This is a must hedge................................... BULLS,BEARS and PIGS!.......There is free( well almost ) money on the table.....but most likely the player does not have the cash to put 30k on the other side of bet.

senseionline · 03-13-17, 03:29 PM

hedge guarantee profit

pimike · 03-13-17, 04:40 PM

He needs to thank God this bet is played with Heritage....

Congrats bud!!!!!

ThaWoj · 03-13-17, 04:44 PM

Originally posted by SBR Forum

The player knew that Heritage had a free hedge option and used it to his advantage to close out the open parlay. If he would have went with a giant ML favorite, that would've significantly reduced the payout to the point where hedging may not have made sense.

Why wouldn't he take something like +500 for the last leg then?

reigle9 · 03-13-17, 04:46 PM

Originally posted by SBR Forum

The player knew that Heritage had a free hedge option and used it to his advantage to close out the open parlay. If he would have went with a giant ML favorite, that would've significantly reduced the payout to the point where hedging may not have made sense.

Glad I thought about it for 2 seconds.

Chi_archie · 03-13-17, 04:47 PM

Rudy reutigger

reigle9 · 03-13-17, 04:48 PM

Originally posted by ThaWoj

Why wouldn't he take something like +500 for the last leg then?

There's probably a sliding scale on their hedge payouts. So -127 or whatever is was, was the most profitable.

Optional · 03-13-17, 06:19 PM

I hate to say it, as I think if you plan to hedge a parlay, why have you taken that leg to start with.

But agree, I would bail out and take the 29k if the book allowed me to like Heritage does.

Sam Odom · 03-13-17, 06:27 PM

in theory the size/amount of $$$ doesn't matter as to your play

in real life it does matter

michael777 · 03-13-17, 08:39 PM

Colubmus won,congrats

themike78 · 03-13-17, 09:20 PM

So this guy hit a 25 team parlay? That's like Powerball odds isn't it? Dam the best I've ever hit was like 8 teams.

A.M.S. · 03-14-17, 01:58 AM

Years ago I had a 20 team parlay goin and got 19 right on 5dimes.. I hegded the last game... Good thing too... The hedge won.. parlay lost... Riskd 7 to win 83k ... So always hedge.. lesson learned.

unluckysob · 03-14-17, 03:46 AM

Heritage parlay limit is 15 teams. 5ds allows 25 teams.

ChuckyTheGoat · 03-14-17, 04:41 AM

Yes. The figure is big enough to hedge back some.

How much? Not sure. But hedge back some % of the original stake to guarantee a small profit.

Be creative w/ it, if u can. Maybe there's a way to incorporate a moneyline, where u might win both sides.

ChuckyTheGoat · 03-14-17, 04:43 AM

Wow, he won it.

If I was him, I would have been sitting w/ a piece of Phi +1.5 for last leg.

jjgold · 03-14-17, 05:05 AM

a lot of those plays were not gimmes either

might be greatest run ever

allabout the $$$ · 03-14-17, 06:58 AM

Originally posted by jjgold

a lot of those plays were not gimmes either

might be greatest run ever

he laid a lot of juice that he didnt even need. i think he only needed all of those extra points he bought on one game.

Statman · 03-14-17, 07:50 AM

Nice to hear stories like this...I wonder if Heritage will do some advertising around this big payout to generate more business?

BeatTheJerk · 03-14-17, 08:40 AM

fml

slambam · 03-14-17, 09:01 AM

$25 bry to win $29k? You have no choice but to hedge imo.

sweep · 03-14-17, 09:05 AM

Some good gambling stories this year with the BOL poker bad beat winner and now this

Maybe a perfect bracket at BM for a mill now????

scavsiu8 · 03-14-17, 11:52 AM

Heritage allows 25 team parlays now? I always thought the max was 15.

I have taken advantage of the hedge option at Heritage numerous times. It is one of the reasons they are my sole provider. Something this large, I probably would have found a game that I liked, one where I had an option and 'hedged for less', meaning, say I did love Columbus, I would have hedged out of it for probably 15k, meaning I would have gotten 43k or 20k. I never hedge flat 50/50, always hedge for less.

But I have never been alive to that much before so I could have felt that 29k is 29k

Microphone · 03-14-17, 08:45 PM

Could you actually start hedging the game before?

unluckysob · 03-15-17, 07:29 AM

Originally posted by unluckysob

Heritage parlay limit is 15 teams. 5ds allows 25 teams.

I randomally selected 17 team parlay at Heritage. Notice came up telling me to reduce by to 15 teams.