Try this out...

[MarkLemke]

Say you wanted to take the Red Sox -1.5 (-120) against the Reds for 2 units. It would cost you $240 if they lost. Do this instead:
3 Team Parlay RedSox RL, DRays, and Mets for $120 to win $686.30.

Red Sox RL is -120, DRays are -105, and Mets are -114. The Sox and Rays both start at 7 Eastern and the Mets start at 10 Eastern.

Now take the Redsox RL, Brewers (playing DRays), and the Mets in a hedge parlay, which will pay out the same. This makes the DRays/Brewers game insignificant.

If the Redsox don't win by two, then you just lost $240, the same as if you had taken the game alone.
If they do win by 2, hedge the mets game by taking the A's for $300 at +104 to win $312.

If the A's win, then you won $312 from the RedSox winning, if the Mets win then 1 parlay hit paying $686.30, take away $120 from your hedge parlay and $300 more from your A's hedge and you've still got $266.30, more than you would have won from the RedSox game alone. Same risk, better reward!

[moondog22]

nice thinking mark

[ctt8410]

First, why play the D-Rays/Brewers game? If I play the RedSox RL/Mets Parlay at 240, that pays 586. Your parlays both pay 686, but you're guaranteed to lose one of them.

There are only 2 scenarios in this case:

1) You lose both of your parlays and I lose mine. So we're both at -240.

2) If you win one of yours, then it follows that I have to have won mine, because we both had the RedSox RL and the Mets. My parlay pays 586 and yours pays 686-120=566. So I have 20 dollars more than you.


Second, how do you conclude that you won 312 from the A's hedge? You lost both parlays, for -240, and won the A's bet, so you risked 240 to win $72 on the RedSox RL, which is significantly less than the 240/200. If you win one parlay and lose the hedge, then yes you do win 266, but that's how a hedge works.

Didn't mean to burst your bubble and I got here too late anyways, but this would an easy way to confuse people into thinking they're getting more return when they're actually getting significantly less.