noob hedge question

allaboutmyfetti · #1 10-19-2007, 04:50 PM

All, sorry this is a super n00b question. I've never bet on sports and I don't know the terms or lingo that well.

My buddy has offered to give me OAK+2.5 (i think the vegas lines are something like OAK -2.5) line b/c he wants to prove that he hates the raiders. He's only willing to bet up to $100.

Now being that this is such a jump from vegas lines, what's the best hedge I can do that will maximize my value here (reducing all risk would be ideal).

LogistX · #2 10-19-2007, 06:02 PM

Bet $100 on the KC moneyline which wsex lists as +120 (bet $100 to win $120). If the Raiders win, you break even. If KC wins by 3 or more, you net $20 (win $120 from a sportsbook, lose $100 to your friend). If KC wins by 1 or 2, you win $220. You probably shouldn't screw your friend tho. Just have him bet the KC moneyline!

See the arbitrage stuff from the FAQ for more info.

calmB4storm · #3 10-19-2007, 06:05 PM

http://www.youtube.com/watch?v=ODdGhOOUOpI
(Don't Hedge)