Patrick I think small players can to it too, but obviously not to the extent of the bigger players. I sometimes try to hedge depending on the payouts. Yesterday I did, I was live to 3 horses in the late pick 4 at Hollywood. I was worried about the last horse I threw off the ticket. I thought that if anyone was going to blow up my ticket it would be him. I bet $10 win on him and played $5 exacta's with him over my three horses. I didn't have enough money in the account to play any triples. Sure enough this horse I semi hedged with won at 9/2 (blowing up the pick 4) and one of my pick 4 horses ran second. So I ended up making some money on the sequance. So it was some relatively cheap protection on my ticket and if I would have lost the race totally it would have only cost me an extra $25 bucks.
__________________
Felix Unger talking to Oscar Madison: "Your horse could finish third by 20 lengths and they still pay you? And you have been losing money for all these years?!"
|