Hedge Bets, or plays

[pktruckdriver]

Just recently we had someone ask for help hedging his bets.


How bout some explanation of what exactly the hedge bet does, other than "Hedge" your bet.

But is this something when ones makes huge bets, as the bettor the other day was doing, or can even small bettors do it too.

These were huge bets, 5x8x2x6 = 480.00 for 1.00


But then with a few longshots, it can pay pretty good, so Hedging must become a part of your wagering strategy, but very little is written on this.


Thank you


Patrick

[pktruckdriver]

This should probally be moved, but then no one is replying anyway, so why bother,..



patrick

[sdjcom]

Originally Posted by pktruckdriver

This should probally be moved, but then no one is replying anyway, so why bother,..



patrick

hey Pk i'm not to knowledgeable on hedge bets but i do place some side bets on a race to try and save if i don't hit my main bet, like a win/plc bet on a horse not in my tri or ex bet. a hedge bet is design to play all the horses left that if they win you will cash something, such as you are alive to 6 horses in the final leg of a pick 3 or 4 and you bet the last three not in your pk 3-4 to win in increments to guarantee a profit if your pk 4 fails. no matter which horse wins you either hit the pk4 or a big win bet, it's smart betting if you have a big bank roll and alive to several horses.

[3kings]

Patrick,

I don't normally make a hedge bet but I did a couple of weeks ago and I will tell you the scenario and my thinking. It was Preakness day and the Belmont late P4. My ticket was 4X3X1X6 $72 for $1. I had 2 $20 plus horse in along with an obvious low price single. In the last race I was alive to 6 of the 10 horses. I did not want to come this far and not cash a ticket and I was eligible for some pretty large payouts. I placed $5 win bets on the remaining four horses,all of which had odds greater than 15-1, which cost me $20. My pick 4 ticket blew up in the last leg but my hedge bet still paid about $140. This did not prevent me from going on a 30 second profanity filled rant but helped my ROI for the day.

[sdjcom]

Originally Posted by 3kings

Patrick,

I don't normally make a hedge bet but I did a couple of weeks ago and I will tell you the scenario and my thinking. It was Preakness day and the Belmont late P4. My ticket was 4X3X1X6 $72 for $1. I had 2 $20 plus horse in along with an obvious low price single. In the last race I was alive to 6 of the 10 horses. I did not want to come this far and not cash a ticket and I was eligible for some pretty large payouts. I placed $5 win bets on the remaining four horses,all of which had odds greater than 15-1, which cost me $20. My pick 4 ticket blew up in the last leg but my hedge bet still paid about $140. This did not prevent me from going on a 30 second profanity filled rant but helped my ROI for the day.

that was a very good example of hedge betting and easy to understand thx,and glad you cashed your $140 while cussing like a sailor lol...

[MaTH716]

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.

[hoovesupsideyourhead]

i dont hedge on the win side ,but will make a 'B' TICKET in some cases..smaller slimmer in case a single gets beat by a mid level contender