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But when playing the don’t pass line for a bet with a max lay of , if the point is a 4 or 10, is it wise to hedge this bet with a hard 4 or 10? Bill P. He was fifty-eight, and all his life he had been a gamester. You cannot protect yourself “here” without being hurt “there....

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In 1933, Wilson Mizner lay dying. 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.Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game....

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He was fifty-eight, and all his life he had been a gamester. 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.“Hedging” your bet in craps is when you make one bet with the erroneous belief it will “protect” another wager somewhere else on the layout....

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Are bookies better at predicting elections than the national polls? That question has yes and no answers, and to our knowledge has never been determined by a recognized and scientifically controlled study. Usually, though, both investments won’t go south on you simultaneously. “Do you want a priest?” he was asked, during an interval of consciousness....

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You can’t, Bill, have it both ways. New Hampshire voters will choose between two Democrats and a field of Republican candidates. “Do you want a priest?” he was asked, during an interval of consciousness....