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Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game.4% house edge by laying odds. 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....

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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. Every bet on the crap layout has a negative expectation. 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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4% house edge by laying odds.4% house edge by laying odds. “Do you want a priest?” he was asked, during an interval of consciousness....

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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. 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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Overall pollsters are still giving Hillary Clinton favorable odds of besting both fields to take the office of President of the United States – but the race is wide open with multiple variables.4%, lower by laying odds) of higher quality. It’s a gambler’s dream come true with plenty of opportunities....