Hedge Question

[passthebeer]

Guys and gals,

Last night a placed a 7 game parlay for $200 and by the luck of god I hit the first 6 games. The 7th game is tonight and I am pretty sure I should hedge the bet so win something.

8/21/2006 3:49 PM
Type Parlay
Risk 200.00
To Win 6,766.41
Baseball - 902 Florida Marlins -134 for Game
Baseball - 904 Atlanta Braves -190 for Game
Baseball - 906 Cincinnati Reds -117 for Game
Baseball - 907 Philadelphia Phillies -131 for Game
Basketball - 611 Seattle Storm +6½ -110 for Game
Football - 481 Dallas Cowboys -3 +112 for Game

What I am trying to do is figure out how much I should put LA Sparks. I am thinking of putting 3k on them that way I win 3k or so either way. Or should roll with it and try to win 6766? Seems like a smart idea to take the 3k and move on. This gambling thing is a marthon not a sprint. Sorry if this sounds like a stupid question, I rarely play parlays or futures and this was 100% luck.

Thanks,
Beer

[Shark23]

I would hedge, say around 30% of the parlay payout.........2K or so.........

[dave nz]

Yeah put 2K or so on the Sparks, can't beat certain money in this business.

One thing though try and get a better line On LA than what u got on Seattle.
Even if it means buying a point. Then u have a chance (albeit a very remote chance) of hitting both.

[passthebeer]

Thanks for feedback guys.


Thanks,
Beer

[The Judge]

Hedge for half of your parlay payout minus the juice on the straight bet and you will be very happy either way. GL

[passthebeer]

That's the plan, it's hard to not be greedy, but hedging is the smart thing to do.

Thanks,
Beer