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In 1933, Wilson Mizner lay dying.Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game. But the odds are all over the place with Paddy Power favoring Trump at 1/6 and Rubio 4/1, while Betfair is ranking Trump, Kasich, Rubio and Cruz....

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“Do you want a priest?” he was asked, during an interval of consciousness. It’s a gambler’s dream come true with plenty of opportunities.4% house edge by laying odds....

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Overall pollsters are still giving Hillary Clinton favorable odds of besting both fields to take the office of President of the United States – but the race is wide open with multiple variables.”Was it was a good move on Mizner’s part? Perhaps, but when it comes to the game of craps, my advice remains the same: Never hedge your bets.You can’t, Bill, have it both ways....

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“Hedging” your bet in craps is when you make one bet with the erroneous belief it will “protect” another wager somewhere else on the layout. The logic here is analogous to diversifying your investment portfolio by buying bonds to “protect” against losses that you might experience in the stock market.4%, lower by laying odds) of higher quality....

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Mark, Where does the term “jackpot” come from? I have never been ableDear Mark: When playing craps, I am aware that it is best to stay away from any prop box bets.Sports betting sites will take your action (where it is legal to bet on such things) and the odds are all over the place in a way you would never see in such contests as the Super Bowl or a footie match with reams of stats and plenty of known commodities; in fact it’s a game where a dart throw to pick the winner could pay off handsomely....

 

 

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