please help with my New Orleans Futures bet

ChunLisBF · #1 12-29-2006, 10:27 AM

Hey fellas,
so at the beginning of the season, I bet $10 getting 151-1 on New Orleans to win the superbowl. $1510! First time a long shot has potential to come through for me. I was wondering what my best options are to maximize this opportunity. I was thinking about hedging it a little by betting on Chicago to win the division, but couldn't decide on how much. Should I also bet on New Orleans' opponents along the way? Or should I just let it all ride and go for the big score?
I'm a definite novice when it comes to the sportsbetting world, so I would greatly appreciate any help or insight. Thnx.

PropPlayer · #2 12-29-2006, 10:39 AM

I'm in the same spot.
I have $200 @ 26-1 for the Saints to win the NFC. (bet this right before they beat up Dallas).
I have a bet from from Week 2 of $100 for the Saints to win the Super Bowl @ 80 to 1.
I made my bet with the intention to hedge it later if it picked up enough equity. Now I think the Saints have a real shot at winning the NFC.. I'll wait to see who the final 4 team are and consider my option at that point. I'm not going to do anything until then.

My only other bets bets were $5 each @ 150 to 1 on the Jets, Titans, and Packers. Its kind of cool they are all somewhat in the mix here but I don't see much of a chance the Titans or Packers make the playoffs.

ChunLisBF · #3 12-29-2006, 11:09 AM

whoa... that's potentially a score of $13,200 if my calculations are right. best of luck to both of us. i'll probably just take your approach and wait until the final four in the NFC.

Tmoney120 · #4 12-29-2006, 11:13 AM

Chun, first off good luck on this one. I would consider hedging this if they make the NFC Championship game, and I would definitely hedge this if they make it to the Super Bowl.