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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.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. New Hampshire voters will choose between two Democrats and a field of Republican candidates....

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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. You cannot protect yourself “here” without being hurt “there. 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....

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As of this morning Clinton is even to take the presidency and Rubio is -150 to Trump’s +160. He was fifty-eight, and all his life he had been a gamester.“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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Dear Mark: When playing craps, I am aware that it is best to stay away from any prop box bets. 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. The sword cuts both ways – if a Republican (registered as an Independent) thinks any eventual candidate would do better than Sanders or Clinton in November, they can vote for the weaker Democrat Tuesday....

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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. 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. “I want to hedge my bets....