All u gotta do is bet a small amount of them on the Jaguars to win and if they do you could be gettin paid big. say i put in idk 50 gg points on jags. i could potentially be gettin back around 150-200 or even way more. we r talkin 300+. then again if they lose whatever u only lost abt 50 gg points which isnt hard to make back.
Yes this is the concept of betting with underdog odds
Daddy said:Yes this is the concept of betting with underdog odds
yet what i do to make so many is bet some on the overdog and unless the net back is terrible u can usually cover both bets placed
Geo7030 said:yet what i do to make so many is bet some on the overdog and unless the net back is terrible u can usually cover both bets placed
so you are hedging? 👀
Daddy said:so you are hedging? 👀
yep
Geo7030 said:yep
I will make a bet with you. I bet you lose more than you win!
Daddy said:I will make a bet with you. I bet you lose more than you win!
im 19-16 in predictors all time and am down only 135 gg points
Geo7030 said:im 19-16 in predictors all time and am down only 135 gg points
The w/L doesn’t matter if you are betting both sides lol I’m just saying it is unlikely you will gain points by hedging a bet with mystery odds, almost will never work out in your favor mathematically
Daddy said:The w/L doesn’t matter if you are betting both sides lol I’m just saying it is unlikely you will gain points by hedging a bet with mystery odds, almost will never work out in your favor mathematically
imma be in the positives soon
Daddy said:The w/L doesn’t matter if you are betting both sides lol I’m just saying it is unlikely you will gain points by hedging a bet with mystery odds, almost will never work out in your favor mathematically
didnt age well. im 26-24, ive spent 6,354 gg points and have made back 6,622. so im up 268 gg points and counting. told ya id be in the positives
Geo7030 said:didnt age well. im 26-24, ive spent 6,354 gg points and have made back 6,622. so im up 268 gg points and counting. told ya id be in the positives
Well you have won 2 more bets than you have lost (clearly not results of hedging) and only have a small profit to show for it. So I don’t see how my comment didn’t age well lol but congrats.
Daddy said:Well you have won 2 more bets than you have lost (clearly not results of hedging) and only have a small profit to show for it. So I don’t see how my comment didn’t age well lol but congrats.
y even say i have won 2 more bets than lost when u yourself r the one who said win-loss doesnt matter
Geo7030 said:y even say i have won 2 more bets than lost when u yourself r the one who said win-loss doesnt matter
Not sure what you mean.
what i was saying is if you continue to bet both sides of a pickem, you will lose more than you will win. The way a hedge works is by mathematically choosing your wagers to ensure that your bets are low risk, based on given odds. But the problem with Pickem’s is the odds aren’t disclosed until the bets are closed. so you are basically just guessing on how offset the payouts will be and simultaneously have to get lucky that your payout will exceed the cost of your losing bet.
dont get me wrong.. you can still get lucky here or there, and I hope you do. But you can’t convince me that there is any skill involved with betting both sides of a game unless you know what the odds are.