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He was fifty-eight, and all his life he had been a gamester. Every bet on the crap layout has a negative expectation. 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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”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. As of this morning Clinton is even to take the presidency and Rubio is -150 to Trump’s +160. Usually, though, both investments won’t go south on you simultaneously....

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