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#31
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Hedging 913 Boston Red Sox o9.5 +120 caribsports with 914 Kansas City Royals u9.5 -120 betus.
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#32
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Hedging 902 Cincinnati Reds +100 sportsinteraction with 901 Chicago Cubs -107 for a $10 loss.
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#33
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Why do you do these losing hedges?
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#34
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Because of unfavourable line movement.
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#35
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[ 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. |
#36
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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? |
#37
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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. |
#38
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...plus you still have action
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#39
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Sounds good, I'll never hedge again!
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#40
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917 Oakland Athletics +140 sportsinteraction
Seems like my bad run continues. |
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