Hedge Bets in Craps
A craps player told me he likes to make $6 place bets on 6 or 8, but also hedge with $3 bets on 7. That way, a roll of 6 or 8 wins $7 and loses just the $3 on 7. And if a 7 wipes out the place bets, he makes it up by winning $12 with the 4-1 odds on any 7.
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