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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. It’s a gambler’s dream come true with plenty of opportunities. Every bet on the crap layout has a negative expectation....

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But the odds are all over the place with Paddy Power favoring Trump at 1/6 and Rubio 4/1, while Betfair is ranking Trump, Kasich, Rubio and Cruz.4%, lower by laying odds) of higher quality. “I want a priest, a rabbi and a Protestant clergyman,” he managed to flash back....

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It’s a gambler’s dream come true with plenty of opportunities.“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. 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 the lines were skewed horribly in his favor on many books....

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My advice to you, Bill, is to pass on hedge betting, stick to the don’t pass, and reduce that minuscule 1.”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. But the odds are all over the place with Paddy Power favoring Trump at 1/6 and Rubio 4/1, while Betfair is ranking Trump, Kasich, Rubio and Cruz....

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As of this morning Clinton is even to take the presidency and Rubio is -150 to Trump’s +160. You cannot protect yourself “here” without being hurt “there. 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....