BughouseMaster said:
Lloyd, you're forgetting that not everyone bets parlays using REAL money. Since parlays are a house bet, I ALWAYS do them using my massive freeplay banked and laugh in my bookies face everytime I can bank FREE money from my FREE parlay bet. Now that you know this, I'd love for you to show me the math demonstrating that it's STILL a better idea to " let it ride" as opposed to GUARANTEEING yourself money by hedging up to 50%.
Glad to. For simplicity, use a regular 3 team parlay for $100 free play paying 6-1.
Let it ride:
(600 x 0.5) - (0 x 0.5) = $300 equity
Hedge:
314 to win 286
A guarantee of $286 dollars win or lose.