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Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game.In 1933, Wilson Mizner lay dying. “Do you want a priest?” he was asked, during an interval of consciousness....

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Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game. 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. Democrat leaning Indies can choose the republican they are most sure their desired nominee will trounce in the general election and buoy him or her by voting for the other side in the primary, then casting a ballot for their favored party’s nominee in November....

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4% house edge by laying odds.” Not only can a hedge betting system NOT beat a game like craps, but it also won’t even dent the house edge. 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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