Yesterday I put together a ML parlay ($12 to win $120) and the first two teams (STL & Dal) both won, leaving NE... So I went ahead and hedged the bet... bet $30 on Houston +200 to win $60..
so basically if Houston wins I am up $60 minus the $12 I paid for the initial parlay, and if NE wins I am up $120 minus the $30 I bet on my Houston hedge
gambling 101 kids, take notes. Minimize risk... and any time you have a chance to turn your odds of winning to 100%--- do it. At that point it turns from gambling into investing