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You can’t, Bill, have it both ways.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.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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Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game. What you are doing is taking a high-house-edge bet on the hard 4 or 10 (the hard 4 and 10 carry a casino advantage of 11.”Was it was a good move on Mizner’s part? Perhaps, but when it comes to the game of craps, my advice remains the same: Never hedge your bets....

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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.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. 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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You can’t, Bill, have it both ways.” Not only can a hedge betting system NOT beat a game like craps, but it also won’t even dent the house edge.Dear Mark: When playing craps, I am aware that it is best to stay away from any prop box bets....

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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. “I want to hedge my bets.In 1933, Wilson Mizner lay dying....