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#1
10-21-2006, 04:40 AM
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Do I hedge??
I know very little about betting sports to start. I did however bet $50 on the tigers at the begining of the season when they were 100-1. Last 2 yrs Ive thrown a few bucks on the tigs at long odds at the start of the season just to make in interesting. At this pt Im looking at 5k if they win and I could really use the money with the online poker world in a bit of a mess. Is it smart to hedge this bet and if so how much can I guarantee myself and how?
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#2
10-21-2006, 04:50 AM
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Re: Do I hedge??
putting $1724 on the cards at +190 on pinny would lock you in about $3275 either way. The only decision you need to make is how important that $3275 would be to you, if you really could use it then hedge, otherwise dont.
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#3
10-21-2006, 05:07 AM
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Re: Do I hedge??
Im looking at WSEX right now(where I made the original bet) and the cards are at +200. I also see on WSEX that the cards are trading for 35 on the long term markets. Is there any advantage to taking this approach since I can dump them for some value still if the series starts to be very one sided. Even if I hold them its still +185. Is ther +15 in value to have the option to dump at some point?
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#4
10-21-2006, 05:26 AM
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Re: Do I hedge??
you should probably take the +200, betting as close to $1683 as you can to lock in $5050 either way.
i don't think there will be much value in dumping the cards later given the four cent spread. you can always bet more on the tigers if the line becomes favorable.
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#5
10-21-2006, 05:53 AM
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Re: Do I hedge??
you could also consider gamb00ling a little more and wait til after game 1 to hedge (the tigers have a pretty big advantage in that one,) you probably could lock in 3800-3900ish at that point, although if they lose it would probably drop it to 2400ish. Otherwise take the +200 and sleep well for the next week.
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#7
10-21-2006, 10:54 AM
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Re: Do I hedge??
[ QUOTE ]
THX guys. One more Q. Looking at WSEX cashier, it looks like they cover the cost of an instacash transfer. Is this correct? [/ QUOTE ] Why do you hate money?
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