Essentially its like this: Say the Red Sox are facing the Yankees and you think that the Yankees are going to DESTROY them.
For every run the yankees win by you win a selected amount say $100. Up to a max of 5 or 10 or something. IF the yankees lose, you lose a unit per run they lose by.
So essentially lets say the max is $500 and each run is worth $100.
If the yankees win by 5 you win $500. If the yankees win by 1 you win $100. If yankees lose by 3 you lose $300. Lose by 5 and you lose $500.
The amount of the wager would be equal to the max # of units you could lose potentially so in the above example you would RISK $500.
What do you guys think of this type of wager?
For every run the yankees win by you win a selected amount say $100. Up to a max of 5 or 10 or something. IF the yankees lose, you lose a unit per run they lose by.
So essentially lets say the max is $500 and each run is worth $100.
If the yankees win by 5 you win $500. If the yankees win by 1 you win $100. If yankees lose by 3 you lose $300. Lose by 5 and you lose $500.
The amount of the wager would be equal to the max # of units you could lose potentially so in the above example you would RISK $500.
What do you guys think of this type of wager?