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Every bet on the crap layout has a negative expectation. But if you followed trusted lines rather than most of the polls in the 2012 presidential race you knew the results well ahead of November 4th – much to the chagrin of the losing side. 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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“Do you want a priest?” he was asked, during an interval of consciousness.”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. You cannot protect yourself “here” without being hurt “there....

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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. “I want to hedge my bets. 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....

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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. It’s a gambler’s dream come true with plenty of opportunities. You cannot protect yourself “here” without being hurt “there....

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” Not only can a hedge betting system NOT beat a game like craps, but it also won’t even dent the house edge.Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game. 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....