Quote:
Originally Posted by dilanesp
From a mathematical standpoint, hedges and passes of +EV bets because you are ahead are terrible. I know why players do it, but they shouldn't.
So to the extent that an automatic parlay forces you not to bail on a good bet because you have too much riding on it, you can argue that's a good thing for some players.
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Let's say you have 3 bets that are all 3-1 with +EV. If you make a $20 win bet on the first horse and win you will be betting 4 times as much on your second horse and if the second one wins you will be betting 16 times as much on the 3rd horse as you did the first horse. What would be considered idiotic money management if the bets were made outside of the parlay bet somehow become good for a bettor if done in a parlay?
Having +EV bets is only part of the equation when trying to win the other is proper money management.
