To Hedge or Not?

AK_Bandito · Jan 17, 2014

Was just f'ing around last night - played a 3 team parlay - and took a long-shot college hoops dog +425 and a +145 dog, both hit last night (IPFW and SD) and the 3rd leg is the Pats +190, outright on Sunday. 50 will pay 1500.

I do feel NE wins but is it safe to hedge on Denver? Or should I say f'k it, it's only 50 even if the Pats lose and let it ride? Den is -230, would it be even worth my time to, say, lay $500 on Den -230 to guarantee either a $1000 profit on NE, or a $217 on Den? Or get all cutesey and buy points at a lesser Den ML and hope the number don't fall in-between with Denver winning?

Thoughts?

Betallsports · Jan 17, 2014

Nice plays... guess it depends what $1500 means to you.
I would say most times a $50 play would make most say... Let it Ride ! but then again some would feel, hey I just hit to nice Dogs... and it will be all thrown away if I don't hedge this.

I think the ROI is too large to pass up some kind of Hedge if you are a $50/$100 bettor.

GL ! whatever you do

nojuice9 · Jan 17, 2014

Hedge! It's about making money and nothing else. Nice spot to be in, good luck.

skins85 · Jan 17, 2014

Hedge it to some small amount even, risk the 230 to win 100. guarantee a win for yourself, even a 50 dollar win is worth it. its a great spot to be in, I'm sure others can crunch some #s for ya to maximize profit but either way i think you hedge just a little

AK_Bandito · Jan 17, 2014

Thanks to all.

1500 is a decent amount to me, I'm a 100-250/ bettor, on avg.

I think I will do a small hedge, 230/100 as skins suggested. Walk away with 50 profit, doubled my original 50 dollar bet if worse-case scenario occurs.