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.
Fellow Europeans read his accounts of the riches of Asia and became eager to find sea routes to China, Japan, and the East Indies. Even Christopher Columbus, nearly 200 years later, often consulted his copy of Marcoâs book, Il milione (The Million). In English, the book is known as the Travels of Marco Polo.