Hey guys at the beginning of the year Bodog had a free futures bet worth $10 which I used to place on the Tigers to win the World Series. Payout is $250
I also placed a bet on the Yankees to win the AL, $10 to win $30
So now I have
$0 to win $250 Tigers to win World Series
and
$10 to win $30 Yankees to win the AL
How could I hedge this bet to guarantee maximum profits?
EDIT: I hope this is the right forum, it might belong in the Think Tank
I also placed a bet on the Yankees to win the AL, $10 to win $30
So now I have
$0 to win $250 Tigers to win World Series
and
$10 to win $30 Yankees to win the AL
How could I hedge this bet to guarantee maximum profits?
EDIT: I hope this is the right forum, it might belong in the Think Tank