rallo 132 Posted September 28, 2006 i'm fairly new at the betting scene, but tonight i did a 2 team parlay with the dbacks/ reds... risk 5 win like 23 or something. after the dbacks won i noticed the line had changed on the reds/marlins game, and now the marlins were +110. I covered the parlay and put 5 to win on the marlins to win like 11 bucks and some change. how many of you betting geeks do this??? i mean tonight i was lucky that i did it because the marlins wno and busted my parlay, but i still won like $1.27... it kind of took the fun out of watching the game for me though, as even though the reds were losing i was still like "well at least i'm not going to lose any money." do you geeks "cover your bets" or do you simply go with your first choice. because on the other end of the spectrum if the reds would have won i would have won 5 bucks less... so basically i'm asking do you cover to reduce your risk? or do you stick with what you got to maximize your investment? Share this post Link to post Share on other sites
IAMWood 6 Posted September 28, 2006 What you did was called 'hedging' your bets. I rarely do it for the reason you stated, it takes the fun out of it. If it is a bg money bet I might. Share this post Link to post Share on other sites
UncleHulka 0 Posted September 28, 2006 I wouldn't bother unless I was something like 4 for 4 in a 5 team parlay going into the last game. Then I'd bet the other side in the fifth game as a hedge. Share this post Link to post Share on other sites
Big Blue 06 195 Posted September 28, 2006 I wouldn't bother unless I was something like 4 for 4 in a 5 team parlay going into the last game. Then I'd bet the other side in the fifth game as a hedge. Exactly. Share this post Link to post Share on other sites
edjr 5,611 Posted September 28, 2006 If you like hedging your bets, do an Action Reverse box. Share this post Link to post Share on other sites
rallo 132 Posted September 28, 2006 good input soooo anyone got any great ideas for thursday nights football games? Share this post Link to post Share on other sites
GobbleDog 822 Posted September 28, 2006 Mathmatically, hedging makes no sense. Even if you only hedge enough to cover losses. You would have been better off not including that last game in the parlay to begin with. (assuming the line doesn't change - in you're example it might have worked) In any case, I pretty much quit making parlay bets altogether since I realized the payoff doesn't justify the risk. You'll win more money betting on the first game, and then putting those winnings plus the original bet on the second game. Same risk as a parlay, but higher payoff. 2 game parlays pay 2.6:1 In order to be mathmatically equal, the payoff would need to be something like 2.8:1 or higher. Share this post Link to post Share on other sites
rallo 132 Posted September 28, 2006 it went like this Date settled: Sep 27, 2006 10:16p 2 Team Parlay Baseball - MLB (Game) (951) Arizona Diamondbacks EVEN Wed@3:35p Final Scores Arizona Diamondbacks 6 San Francisco Giants 3 Baseball - MLB (Game) (953) Cincinnati Reds +110 Wed@7:05p Final Scores Cincinnati Reds 2 Florida Marlins 7 Outcome: Loss Date placed: Sep 27, 2006 6:26p Date settled: Sep 27, 2006 10:16p Single # Baseball - MLB (Game) (954) Florida Marlins (+113) Wed@7:05p Game must go 9 innings (8.5 if home team is ahead) or this pick is NO ACTION. Chris Michalak (L) must throw first pitch for Cincinnati Reds or this pick is NO ACTION. Anibal Sanchez ® must throw first pitch for Florida Marlins or this pick is NO ACTION. Final Scores Cincinnati Reds 2 Florida Marlins 7 So gobbledog, in general you are saying i'd be better off to forget 2-team parlays and just pick single wins? Share this post Link to post Share on other sites
GobbleDog 822 Posted September 28, 2006 So gobbledog, in general you are saying i'd be better off to forget 2-team parlays and just pick single wins? Math proof: The Parlay Bet $10 on Game A and B at 2.6:1 odds. Total winnings: $26.00 Single Bets Bet $10 on Game A at -110. Win $9.09. Bet $19.09 ($10 + $9.09) on Game B at -110. Win $17.35. Total winnings $26.44 ($9.09 + $17.35) ................................................................................ .............................. $26.00 vs $26.44 .... same risk, less reward with parlay. And the difference becomes even greater if you bet during "happy hour" when you get half juice promotions (-105). Share this post Link to post Share on other sites
