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What you are doing is taking a high-house-edge bet on the hard 4 or 10 (the hard 4 and 10 carry a casino advantage of 11.”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.My advice to you, Bill, is to pass on hedge betting, stick to the don’t pass, and reduce that minuscule 1....

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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.nominees they’d like to send to Washington.Dear Mark: When playing craps, I am aware that it is best to stay away from any prop box bets....

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You cannot protect yourself “here” without being hurt “there.4% house edge by laying odds. But if you followed trusted lines rather than most of the polls in the 2012 presidential race you knew the results well ahead of November 4th – much to the chagrin of the losing side....

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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.4%, lower by laying odds) of higher quality. “I want a priest, a rabbi and a Protestant clergyman,” he managed to flash back....

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You cannot protect yourself “here” without being hurt “there. There is also enough variance in the early field that you could treat the primaries like propositions and hedge your bets once the momentum has gelled later in the primaries. 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....

 

 

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