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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. He was fifty-eight, and all his life he had been a gamester. Every bet on the crap layout has a negative expectation....

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Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game. You could have also taken the data from amalgamated polling, like Huffington Post does, and made a killing betting against the odds as the Romney side was so confident that tonline casino real money no deposit meerhe lines were skewed horribly in his favor on many books. “Do you want a priest?” he was asked, during an interval of consciousness....

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Usually, though, both investments won’t go south on you simultaneously.New Hampshire offers particularly good variables for a gambling, rather than fact-based bettor. Democrat leaning Indies can choose the republican they are most sure their desired nominee will trounce in the general election and buoy him or her by voting for the other side in the primary, then casting a ballot for their favored party’s nominee in November....

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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. 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. Usually, though, both investments won’t go south on you simultaneously....

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”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.” Not only can a hedge betting system NOT beat a game like craps, but it also won’t even dent the house edge.Are bookies better at predicting elections than the national polls? That question has yes and no answers, and to our knowledge has never been determined by a recognized and scientifically controlled study....

 

 

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