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Every bet on the crap layout has a negative expectation.”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. It’s a gambler’s dream come true with plenty of opportunities....

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Sports betting sites will take your action (where it is legal to bet on such things) and the odds are all over the place in a way you would never see in such contests as the Super Bowl or a footie match with reams of stats and plenty of known commodities; in fact it’s a game where a dart throw to pick the winner could pay off handsomely.Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game. It’s a gambler’s dream come true with plenty of opportunities....

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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. 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 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....

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