Hedge Bets, or plays

[pktruckdriver]

Thank you

Gentlemen, thanks for the responses, as I was just curious on how best to possibly do this on the lower end of the financial scale.

But , always thought that hedging did not make you a winner, it just kept the lossess to a minimum, if do correctly, no??

Patrick

[sdjcom]

Originally Posted by pktruckdriver

Thank you

Gentlemen, thanks for the responses, as I was just curious on how best to possibly do this on the lower end of the financial scale.

But , always thought that hedging did not make you a winner, it just kept the lossess to a minimum, if do correctly, no??

Patrick

depends on the pay-offs of your main ticket and how much you can bet on all the remaining horses, a guaranteed pay-off but like many things,the dimininshing returns theory kicks in, i i don't know really what i'm talking about.

[hi_im_god]

in 2001 i had a live pick 3 going into the bc sprint with 3 horses that had the same closing style.

i hedged squirtle squirt as the most likely front running winner and it paid $96.

don't ask why i was betting 3 horses in the last leg with the same style or why i structured pick 3 tickets 3 x 3 x 3. i think i was obsessed with the number 3. or just an idiot.

i think generally if you think you're profitable you shouldn't worry about hedging. you're probably better off making win bets on the longer priced horses in your sequence. that's also a form of hedging.

[ateamstupid]

Hedging is the kind of thing that can help you keep your sanity if done in moderation/selectively, but is a slippery slope to killing your long-term profit.

Generally I only hedge in small increments and in scenarios like 3kings pointed out, i.e. the last leg of a live Pick 4/6.

[the_fat_man]

A key to winning, IMO, assuming the requisite skills are there, is confidence in your ability. Strange as it may sound, I don't want any freebies in the game. Even if I lose as a result of 'bad luck', I really don't need to win because of 'good luck'. I realize, obviously, that 'luck' in racing describes common events and one cannot win without accepting it as just part of the game. I don't want any freebies because I need to be able to reproduce results in order to be successful. As such, extraordinary events (a year altering score, for example) are not something I'd rely on.

Getting back on topic, if I'm alive in the last leg of and exotic, however many numbers, and I need to bet more because I'm afraid to lose, even if within the throes of a losing streak, I really shouldn't have bet that leg as this is strong evidence that I didn't have an opinion in that race.

[hockey2315]

Originally Posted by the_fat_man

A key to winning, IMO, assuming the requisite skills are there, is confidence in your ability. Strange as it may sound, I don't want any freebies in the game. Even if I lose as a result of 'bad luck', I really don't to win because of 'good luck'. I realize, obviously, that 'luck' in racing describes common events and one cannot win without accepting it as just part of the game. I don't want any freebies because I need to be able to reproduce results in order to be successful. As such, extraordinary events (a year altering score, for example) are not something I'd rely on.

Getting back on topic, if I'm alive in the last leg of and exotic, however many numbers, and I need to bet more because I'm afraid to lose, even if within the throes of a losing streak, I really shouldn't have bet that leg as this is strong evidence that I didn't have an opinion in that race.

I'm not a big proponent of hedging, but I disagree with this. I do agree with most of what you're saying, though. Personally I'd rather bet the last leg of a PK4 or whatever the same way I would've bet it had I lost in an earlier leg, but there are certainly times when there are horses we haven't included for whatever reason that we can foresee winning enough to make a small hedge worth it or perhaps even profitable. Or, what if we have discovered a bias over the course of our sequence and now want to use the likely aided horse(s) that we didn't include originally?

[Bigsmc]

I never hedge. It is an instantaneous mush of my live ticket.