Another good tip man, thanks. First bet won, so I will edge now for a clean profit no matter what.
Do you mind showing the process of how to hedge bets? I would greatly appreciate it.
There are many sites that calculate that for you, here is one for example:
http://www.arbcruncher.com/But it's quite simple actually. I will give you an example of what I did on this one.
My initial odds were @1.85, the first game won, so I was only missing the tennis game for a complete win.
Case one: Nishikori wins and I win the parlay @1.85
Case two: Dimitrov wins and I lose the parlay
So you make a bet on Dimitrov to win @3.1 (the odds available pre match), and you will be winning on every scenario. This was only possible here because the first selection of the parlay already won so it was like I got improved odds for Nishikori (the parlay odds, instead of the real odds that were around 1.3).
I will give you an example with 1 BTC and an 0.6 edge bet
1 BTC @1.85 = 0.85 BTC profit - Removing the 0.6 edge bet you get 0.25 clean profit
For the edge 0.6 @ 3.1 = 1.26 profit - Removing the initial bet of 1 BTC you bet 0.26 clean profit
This was just an example and an equal division, but you can make things better.
For example if you are really confident on winning the parlay you can edge for 0 profit but also 0 loss if the parlay goes wrong (you just need to make a smaller edge bet)
Hope it helps in future bets. I do this a lot actually, since I usually do sports trading.
