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You cannot protect yourself “here” without being hurt “there.”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.In 1933, Wilson Mizner lay dying....
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.Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game. “I want a priest, a rabbi and a Protestant clergyman,” he managed to flash back....
New Hampshire voters will choose between two Democrats and a field of Republican candidates.” Not only can a hedge betting system NOT beat a game like craps, but it also won’t even dent the house edge. 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....
4%, lower by laying odds) of higher quality.My advice to you, Bill, is to pass on hedge betting, stick to the don’t pass, and reduce that minuscule 1.Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game....
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