Originally Posted by
Deke101
Hedging reminds me of the TV show Deal Or No Deal. A case that I argue with my friends about constantly. For those of you that are familiar with this game show, say that you come down to two cases; one being $200, and one being $1,000,000 --> which is what happened to a Minnesota woman not long ago. They offer to buy your case at roughly $475,000. What do you do? You go onto the show with nothing, and can only profit. In my opinion, you take any money that they offer you, especially this $475,000 offer, which is one of the highest offers that you can receive. If you press the button, you get to keep your $475,000, however, you can pick a case for either $200, or $1,000,000. At this point, it's double or nothing. Why take the chance and realistically gamble $475,00 at a double or nothing bet. If you went to the show with nothing, then leave with something; and $475,000 is more than 'something'. $1,000,000 sounds great, but that isn't your money yet, and the $475,000 is. I would accept $300,000 in this position. But that's just me. Same goes for a parlay and hedging. Yeah you accept a lower reward, but it guarantees it! Guaranteed money is hard to come by in sports betting. Profit is profit.