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.
He first set out at age 17 with his father and uncle, traveling overland along what later became known as the Silk Road. Upon reaching China, Marco Polo entered the court of powerful Mongol ruler Kublai Khan, who dispatched him on trips to help administer the realm. Marco Polo remained abroad for 24 years. Though not the first European to explore Chinaâhis father and uncle, among others, had already been thereâhe became famous for his travels thanks to a popular book he co-authored while languishing in a Genoese prison.