Quote:
Originally Posted by
monet
Quote:
Originally Posted by
tableplay
Is in-game betting considered a reasonable hedge for traditional betting ?
Example: You place a moneyline bet for an NFL game. Your team is losing as the first half approaches the end, so you place an in-game moneyline bet for the other team prior to the start of the 2nd half such that the amount wagered for the in-game bet offsets the loss on the traditional pre-game bet if your team should lose. I'm thinking this could be a tool for avoiding a large loss by taking a smaller loss via the in-game insurance hedge.
HEDGING IS THE DEVIL!!
My girlfriend, who was in charge of a high stakes sports betting LV cartel, says "Hedging is for wienies!"
I hedge a lot. The older I get, the more I've hedged. It's a sign of weakness, old age, and paranoia. Sometimes, as in UMass at halftime yesterday, I hedge because I am literally going blind watching the ugliness and stupidity of a game and cannot stomach the fact that I have the team I have. I wasted half a bet on a hedge yesterday because watching Eastern Mich/UMass was mind numbing. The solution, of course, is don't watch the unwatchable.