1. 03-13-17 01:22 PM #1
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    Heritage Sports Player has Open Parlay with 24 of 25 Sides Correct: Would You Hedge?

    Imagine you've correctly predicted the first 24 sides of a 25 team parlay and it all came down to one final game with a chance to win over $60,000. Would you let it ride or hedge to guarantee a profit? While it might sound like an improbable scenario to find yourself in, a Heritage Sports (SBR rating A+) player was faced with that decision today.

    See what the Heritage Sports player chose & view his wagering slip.
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  2. 03-13-17 01:30 PM #2
    Sam Odom
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  3. 03-13-17 01:37 PM #3
    funnyb25
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    The goal of a parlay is to win right?
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  4. 03-13-17 01:40 PM #4
    USCPHILLYGUY
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    29K for $25? Yeah I'm hedging
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  5. 03-13-17 01:41 PM #5
    reigle9
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    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.
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  6. 03-13-17 01:44 PM #6
    shaunovery
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    Good luck

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

    Why not just bet a big ml
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  7. 03-13-17 01:53 PM #7
    reigle9
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    Quote Originally Posted by shaunovery View Post
    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
    Last edited by reigle9; 03-13-17 at 02:00 PM.
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  8. 03-13-17 01:59 PM #8
    Sam Odom
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    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
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  9. 03-13-17 01:59 PM #9
    Kaabee
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    ...
    Last edited by Kaabee; 03-13-17 at 02:05 PM.
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  10. 03-13-17 02:02 PM #10
    jjgold
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    hedge
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  11. 03-13-17 02:53 PM #11
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    Quote Originally Posted by reigle9 View Post
    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.
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  12. 03-13-17 03:02 PM #12
    CappinTerp
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    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.
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  13. 03-13-17 03:29 PM #13
    senseionline
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    hedge guarantee profit
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  14. 03-13-17 04:40 PM #14
    pimike
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    He needs to thank God this bet is played with Heritage....


    Congrats bud!!!!!

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  15. 03-13-17 04:44 PM #15
    ThaWoj
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    Quote Originally Posted by SBR Forum View Post
    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?
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  16. 03-13-17 04:46 PM #16
    reigle9
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    Quote Originally Posted by SBR Forum View Post
    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.
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  17. 03-13-17 04:47 PM #17
    Chi_archie
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    Rudy reutigger
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  18. 03-13-17 04:48 PM #18
    reigle9
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    Quote Originally Posted by ThaWoj View Post
    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.
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  19. 03-13-17 06:19 PM #19
    Optional
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    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.
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  20. 03-13-17 06:27 PM #20
    Sam Odom
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    in theory the size/amount of $$$ doesn't matter as to your play

    in real life it does matter
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  21. 03-13-17 08:39 PM #21
    michael777
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    Colubmus won,congrats
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  22. 03-13-17 09:20 PM #22
    themike78
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    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.
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  23. 03-14-17 01:58 AM #23
    A.M.S.
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    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.
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  24. 03-14-17 03:46 AM #24
    unluckysob
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    Heritage parlay limit is 15 teams. 5ds allows 25 teams.
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  25. 03-14-17 04:41 AM #25
    ChuckyTheGoat
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    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.
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  26. 03-14-17 04:43 AM #26
    ChuckyTheGoat
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    Wow, he won it.

    If I was him, I would have been sitting w/ a piece of Phi +1.5 for last leg.
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  27. 03-14-17 05:05 AM #27
    jjgold
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    a lot of those plays were not gimmes either

    might be greatest run ever
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  28. 03-14-17 06:58 AM #28
    allabout the $$$
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    Quote Originally Posted by jjgold View Post
    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.
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  29. 03-14-17 07:50 AM #29
    Statman
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    Nice to hear stories like this...I wonder if Heritage will do some advertising around this big payout to generate more business?
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  30. 03-14-17 08:40 AM #30
    BeatTheJerk
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    fml
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  31. 03-14-17 09:01 AM #31
    slambam
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    $25 bry to win $29k? You have no choice but to hedge imo.
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  32. 03-14-17 09:05 AM #32
    sweep
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    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????
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  33. 03-14-17 11:52 AM #33
    scavsiu8
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    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
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  34. 03-14-17 08:45 PM #34
    Microphone
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    Could you actually start hedging the game before?
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  35. 03-15-17 07:29 AM #35
    unluckysob
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    Quote Originally Posted by unluckysob View Post
    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.
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