Re: Nickle system in April
The -EV of hedging is greater than the -EV of holding a bad bet. If your bet is -EV, you will lose money either way, but you will lose less if you just let the bet ride.
Assume that you held the Cin +100 ticket and the real odds were Cin +103.5. That loses $1.70 on your $100 bet. Hedging the Cubs at -107 loses $3.38.
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