I wonder if there are any ideas for a hedging strategy for the Final Four:
Situation:
$30 future placed on 3/27 on NCSt to win the tourney at +12000 (payout=$3630)
I understand I can hedge the final game if NCSt does upset Purdue. My question is; is there any strategy to address the final four game against Purdue under these circumstances. The money line (Purdue -425) is a huge problem that would definitely erase future profits should NCSt run the table (unlikely I believe).
Anyone faced a similar situation and have some productive thoughts?
I thank you in advance for your wisdom.
GLA
Situation:
$30 future placed on 3/27 on NCSt to win the tourney at +12000 (payout=$3630)
I understand I can hedge the final game if NCSt does upset Purdue. My question is; is there any strategy to address the final four game against Purdue under these circumstances. The money line (Purdue -425) is a huge problem that would definitely erase future profits should NCSt run the table (unlikely I believe).
Anyone faced a similar situation and have some productive thoughts?
I thank you in advance for your wisdom.
GLA