Hedging can also be used to lock in a profit at the end of a parlay. Say you have bet a five-team parlay and the first four games have won. Instead of sweating the outcome of the fifth game, you could simply make a bet on the other team in the final game of your parlay.
Marco Polo. Marco Polo was an Italian merchant and explorer, famous for introducing Europeans to China and Central Asia. He inspired future travelers, including Christopher Columbus. Born presumably in the Republic of Venice around 1254, Marco Polo played an important role in cartography.
Marco Polo was more than the inspiration for a summertime pool game. He was a merchant from the Italian trade city of Venice who lived during a time when the Mongol Empire had conquered Asia. This opened up new trade routes between Europe and China because merchants could access the trade goods of China without having to cross a hundred smaller kingdoms that either taxed or killed foreigners.