Do you ALWAYS hedge your parlays/futures?

WorldRunner

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• Oct 17, 2004

• #1

Just a question to satisfy my own curiosity.

Let's say you have $15-50 on a 7 or so team parlay. That's $15-50 to win about 1500-5000 or so.

Let's say your final game of the parlay is a sunday or monday night game. Do you ALWAYS hedge it? Seems like the smart thing to do is always hedge it.

Yah yah...I know parlays are sucker bets... but every once in a while if you don't have a solid game it's fun to bet several for a smaller amount. Seems that the smart play is to hedge your parlay everytime and take the sure money.

 

Last edited: Oct 17, 2004

WorldRunner

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• #2

This also applies to future bets

 

PO69

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• Oct 17, 2004

• #3

I never hedge parlays.



NO reason to do that, if all someone will do is hedge, then just bet a 6 teamer instead of a 7 teamer

 

TheGeneral+

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It is arguable. Some say why did you bet that last team anyhow if you thought they will lose. Others, like me, will say grab the guaranteed money. Truly an independent decision and based on your finances.

 

bigbet1234

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if you are a square, hedge away, if not........wait it out!:heh:

 

WorldRunner

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The General said:

It is arguable. Some say why did you bet that last team anyhow if you thought they will lose. Others, like me, will say grab the guaranteed money. Truly an independent decision and based on your finances.

Click to expand...

I'm just saying...both parlays and futures are such low %... When it pans out that there's 1 game left... I think the smart move is to take the guaranteed money.

Depends on the situation obviously... But if the game is questionable...And in the NFL they all are

 

TheGeneral+

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But if the game is questionable...And in the NFL they all are

Click to expand...

I could not agree more.

 

REDEYE

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• Oct 17, 2004

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No good answer for that question, since it all depends on what the line might be for the hedge. You also might feel different about last game from when you originally bet it

 

BuzzRavanaugh

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• Oct 18, 2004

• #9

I used to hedge but it would just piss me off when the hedge would lose and the parlay or future would come in. The only time I would hedge on a future if something has happened that changes my opinion in the outcome.

One guy I respect who bets alot of futures and season wins never hedge- he had New England to win the Super Bowl and I asked him if he was going to play Carolina on the money line for a nice profit. He said "no, thats not the way to play the game." He ended up playing New England on the money line and Carolina against the spread and made all kinds of money.

 

jjgold

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• #10

Pros never do

 

D2bets

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Hedging the final leg of a parlay is generally jusy not smart. Unless: 1. you included the final leg simp,y because it was an "off line" or 2. something has changed and you really hate that side. Hedging that for the sake of hedging is crazy.

Futures are a different story and take many different forms. Like for baseball, maybe you took a team 100-1 to win the WS during the season. You took it not necessarily because you thought they'd win the WS, but because you thought they'd make the playoffs and you knew you could then hedge and get back, say 12-1 on your money and that 12-1 was better than the division/WC odds then offered.

Always and nevers are dangerous in sportbetting, but generally hedging should be used sparingly.

 

HacheMan

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• Oct 18, 2004

• #12

I only hedge when the payoff is much higher than normal combined with how my feelings or any info has changed regarding the last open wager..........

 

TommyMullins

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• Oct 18, 2004

• #13

Bigbet: You Start Off By Saying "if You Are A Square ..."

What Else Can You Be If You Are Making 6 And 7 Teamers? A Pro???