Hedging your bets

[paulo537]

Originally Posted by Immanuel Kant

You have to be alive to a significantly large payout relative to the size of your wager, to hedge. Otherwise , as has been mentioned in this thread, it is a losing prop.

Hedging is never good.

The larger the potential payoff vs wager size, the worse hedging is. The reason you make this kind of wager is to be live in the last leg with as much a differential on the odds your getting on your live horse(s) vs actual. You need as much of that differential as possible as often as possible to offset losses or instances where you're getting a negative differential in the last leg.

Just my opinion.