Hedging for 5x Rollover Cash???

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  • Boner_18
    SBR Hall of Famer
    • 08-24-08
    • 8301

    #1
    Hedging for 5x Rollover Cash???
    I just posted in the BTP area but realized this might be a question for the Think Tank.

    Should I hedge for a BTP payout tonight (I realize I prolly will not get an answer tonight)? A prick loss will net me about $170 in 5x rollover cash and of course all I have to hedge with is real cash. Assuming I am a 50/50 bettor should I wager "real money" to secure gain of real money or "5x money?"

    What calculations must I do to explore this? Any explanation in lay speak would be appreciated!
  • Ganchrow
    SBR Hall of Famer
    • 08-28-05
    • 5011

    #2
    You need to ask yourself what the value of $170 in 5x rollover cash is to you.

    If you're going to be placing many very small bets at or around 4.55% vig with the intention of "playing it safely" then it's going to be worth around $131.
    Comment
    • Boner_18
      SBR Hall of Famer
      • 08-24-08
      • 8301

      #3
      Yay. Before I saw this, I found your post from '05 about rollovers and got $131.325... What other determinations do I need to make?
      Comment
      • Ganchrow
        SBR Hall of Famer
        • 08-28-05
        • 5011

        #4
        Perhaps the biggest issue is the extent to which the ~$131 is meaningful to your bankroll.
        Comment
        • 20Four7
          SBR Hall of Famer
          • 04-08-07
          • 6703

          #5
          The correct answer is probably 131 doesn't mean anything
          Comment
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