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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. 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. 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....

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He was fifty-eight, and all his life he had been a gamester. Usually, though, both investments won’t go south on you simultaneously.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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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. “Do you want a priest?” he was asked, during an interval of consciousness. As of this morning Clinton is even to take the presidency and Rubio is -150 to Trump’s +160....

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Every bet on the crap layout has a negative expectation. You cannot protect yourself “here” without being hurt “there. He was fifty-eight, and all his life he had been a gamester....

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