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Usually, though, both investments won’t go south on you simultaneously.“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. It’s a gambler’s dream come true with plenty of opportunities....
Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game.Dear Mark: When playing craps, I am aware that it is best to stay away from any prop box bets. 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....
Dear Mark: When playing craps, I am aware that it is best to stay away from any prop box bets.4% house edge by laying odds.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....
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.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. 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....
You cannot protect yourself “here” without being hurt “there.” Not only can a hedge betting system NOT beat a game like craps, but it also won’t even dent the house edge.In 1933, Wilson Mizner lay dying....
