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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. “I want a priest, a rabbi and a Protestant clergyman,” he managed to flash back.Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game....
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. The sword cuts both ways – if a Republican (registered as an Independent) thinks any eventual candidate would do better than Sanders or Clinton in November, they can vote for the weaker Democrat Tuesday.” Not only can a hedge betting system NOT beat a game like craps, but it also won’t even dent the house edge....
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