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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. But the odds are all over the place with Paddy Power favoring Trump at 1/6 and Rubio 4/1, while Betfair is ranking Trump, Kasich, Rubio and Cruz.My advice to you, Bill, is to pass on hedge betting, stick to the don’t pass, and reduce that minuscule 1....

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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. 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. 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....

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New Hampshire offers particularly good variables for a gambling, rather than fact-based bettor.“Hedging” your bet in craps is when you make one bet with the erroneous belief it will “protect” another wager somewhere else on the layout. Every bet on the crap layout has a negative expectation....

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New Hampshire offers particularly good variables for a gambling, rather than fact-based bettor.In 1933, Wilson Mizner lay dying. New Hampshire voters will choose between two Democrats and a field of Republican candidates....

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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. New Hampshire voters will choose between two Democrats and a field of Republican candidates.Are bookies better at predicting elections than the national polls? That question has yes and no answers, and to our knowledge has never been determined by a recognized and scientifically controlled study....