Do Tradesports/Matchbook let you sell overlapping futures?
I don't have any experience with sports-betting so I apologize if this is a noob question / needs to be moved to the chatter thread.
Let's say it's the pre-season and Teams A, B, and C are selling at 8% on Tradesports but I think all 3 teams are overrated by the public. I could put down $1000 to win $80 that Team A won't win the Super Bowl, but that's a pretty high opportunity cost for a grand to sit there doing nothing for six months. But if I decide to bet against all three teams, there's no way that more than one of them will win the Super Bowl so I should only have to put down $1000 (and not $3000) to win $240. Is this allowed?
|