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The logic here is analogous to diversifying your investment portfolio by buying bonds to “protect” against losses that you might experience in the stock market.This early in the game the sports betting sites will start to see new blood with day traders taking some of their Wall Street efforts to the books and Daily Fantasy Sports players trying something new with better hopes of winning than they may find against the DFS sharks. There is also enough variance in the early field that you could treat the primaries like propositions and hedge your bets once the momentum has gelled later in the primaries....

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Every bet on the crap layout has a negative expectation.4% house edge by laying odds. But if you followed trusted lines rather than most of the polls in the 2012 presidential race you knew the results well ahead of November 4th – much to the chagrin of the losing side....

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But the odds are all over the place with Paddy Power favoring Trump at 1/6 and Rubio 4/1, while Betfair is ranking Trump, Kasich, Rubio and Cruz. “I want to hedge my bets.” Not only can a hedge betting system NOT beat a game like craps, but it also won’t even dent the house edge....

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4% house edge by laying odds. “I want a priest, a rabbi and a Protestant clergyman,” he managed to flash back. “I want to hedge my bets....