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Sunday, January 16, 2005

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College Games vs. Pro Games

An Excellent Way to Hedge Off

Using the teaser on Monday night football tied up with a Thursday night college or pro game and adding a Saturday or Sunday game gives you an excellent way to hedge off. Some houses in your area and most of them in Vegas post the afternoon college and pro games on a Monday afternoon. This allows you to really exploit time-zone betting by having many open teasers, Roundy’s, and parlays open for the next weekend.

There are some weeks where I have about six or eight parlays open for the Sunday game. Then I take the opposite in two-team parlays for an amount that guarantees a profit, regardless of who wins. Let’s say you have two $100 three-team parlays open with victories in the Monday, Thursday, and/or Saturday games. The payoff for a three-team parlay is 6-1, so you have $600 riding on two separate games, with the first two parts of each parlay already locked up. Here’s what is open for each of these plays:

  1. Miami +6 at San Francisco
  2. Seattle +5 at Buffalo

You can sit and see if you can pick up some wins with Miami and Seattle. I wouldn’t wait, but would opt to put in a two-team $200 parlay on San Fran -6 to win and Buffalo -5 to win. Here’s what could happen:

  • If Miami and Seattle both win, you get $1,200 minus $200 for a $1,000 profit
  • If Miami and Buffalo win, you get $600 minus $300 for a $300 profit
  • If Seattle and San Fran win, you get $600 minus $300 for a profit of $300
  • If the hedge parlay of San Fran and Buffalo win, you get $520 for your backdoor parlay, minus $200 from your original bets for a profit of $320.

Previous page: Teasers Don’t Work With College Football | Next page: Cover the Original Investment

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