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You cannot protect yourself “here” without being hurt “there.” 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....

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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. Every bet on the crap layout has a negative expectation.nominees they’d like to send to Washington....

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4% house edge by laying odds. 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.Dear Mark: When playing craps, I am aware that it is best to stay away from any prop box bets....

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But when playing the don’t pass line for a bet with a max lay of , if the point is a 4 or 10, is it wise to hedge this bet with a hard 4 or 10? Bill P.My advice to you, Bill, is to pass on hedge betting, stick to the don’t pass, and reduce that minuscule 1. It’s a gambler’s dream come true with plenty of opportunities....

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But when playing the don’t pass line for a bet with a max lay of , if the point is a 4 or 10, is it wise to hedge this bet with a hard 4 or 10? Bill P. It’s a gambler’s dream come true with plenty of opportunities.This early in the game the sports betting sites will start to see new blood with day traders taking some of their Wall Street efforts to the books and Daily Fantasy Sports players trying something new with better hopes of winning than they may find against the DFS sharks....