Nickle system in April

[ImNew]

Hedging 913 Boston Red Sox o9.5 +120 caribsports with 914 Kansas City Royals u9.5 -120 betus.

[ImNew]

Hedging 902 Cincinnati Reds +100 sportsinteraction with 901 Chicago Cubs -107 for a $10 loss.

[reachrevolver]

Why do you do these losing hedges?

[ImNew]

Because of unfavourable line movement.

[Homer]

[ QUOTE ]
Why do you do these losing hedges?

[/ QUOTE ]

I don't get it either. If you're not overbetting your roll, hedging doubles your mistake.

[ImNew]

Well I try to place bets at the best price, if the price has gone better after I bet, my reaction would be to hedge and eat a small loss.

So maybe I shouldn't hedge at all?

[Ortho]

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.

[kaboshedx]

...plus you still have action

[ImNew]

Sounds good, I'll never hedge again!

[ImNew]

917 Oakland Athletics +140 sportsinteraction

Seems like my bad run continues.