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Every bet on the crap layout has a negative expectation.4% house edge by laying odds.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....

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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. 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.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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“I want to hedge my bets. Every bet on the crap layout has a negative expectation.Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game....

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In 1933, Wilson Mizner lay dying. 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.“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....

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He was fifty-eight, and all his life he had been a gamester. But when playing the don’t pass line for a bet with a max lay of , if the point is a 4 or 10, is it wise to hedge this bet with a hard 4 or 10? Bill P.In 1933, Wilson Mizner lay dying....