Hedging Hypothetical

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  • Sean
    SBR Wise Guy
    • 08-01-05
    • 985

    #1
    Hedging Hypothetical
    Let's say a buddy of mine ... we'll call him "Joe" ... stands to win $200 in a pool at the local watering hole if Denver wins straight up tonight. He will definitely not win a penny if Green Bay wins the game outright. Joe has about $5 invested in the pool and is apparently sporting such a tiny pair that he's actually thinking about hedging.

    So, here's two questions to help this poor nutless sack of shiite do the right thing:

    A) Should Joe make a moneyline play on the Pack tonight at +150?

    if so, then

    B) What size bet should Joe make?
  • The Prick
    SBR MVP
    • 08-31-05
    • 4965

    #2
    sounds like "joe" should either:

    a. grow a pair, or 2. get Ganch on speed-dial
    Comment
    • Wheell
      SBR MVP
      • 01-11-07
      • 1380

      #3
      He should bet about 3 dimes on the Packers to prove he has a pair that would shame a bull.
      Comment
      • 20Four7
        SBR Hall of Famer
        • 04-08-07
        • 6703

        #4
        Originally posted by Wheell
        He should bet about 3 dimes on the Packers to prove he has a pair that would shame a bull.
        That would do it.
        Comment
        • 20Four7
          SBR Hall of Famer
          • 04-08-07
          • 6703

          #5
          If he is seriously contemplating it a bet of about $80 should do it at +150. I'm not sure why he would do it over a $5 pool mind you.
          Comment
          • Willie Bee
            SBR Posting Legend
            • 02-14-06
            • 15726

            #6
            I would:

            A) Pick up a bottle of good bourbon on the way home from work and avoid the local watering hole tonight if I was Joe, if that's what we're still calling him, Sean Seriously, reason I wouldn't go to the bar is if Joe wins, every swinging dick and slut in the joint will want Joe to buy them a drink if his $5 wager does return $200. Collect the $200 later in the week when the parking lot is empty.

            B) Second stop on the way home would be for some pizza or Chinese take-out, maybe some good BBQ if Joe can find that in Costa Rica, er, wherever he might live.

            C) Go home and put all the grub and a good part of the whiskey away while watching the game. Fall asleep in Joe's recliner around the start of the fourth or the first time Tony Kornholer says something actually worth listening to, whichever comes first.

            D) Wake up Tuesday morning and see what happened in the game. If Joe wins down at the pub, he's still up about $150, maybe a tad less, and already had one nice night. If he loses, he's still out just the original $5 on the wager and still had a good night. No brainer for me.
            Comment
            • Sean
              SBR Wise Guy
              • 08-01-05
              • 985

              #7
              I told Joe to grow a set and quit running around with his wiener tucked under ... just nut up and wait for the Denver win.
              Comment
              • Willie Bee
                SBR Posting Legend
                • 02-14-06
                • 15726

                #8
                So, what kind of bourbon is Joe going to buy, I mean, what would be your guess?
                Comment
                • 20Four7
                  SBR Hall of Famer
                  • 04-08-07
                  • 6703

                  #9
                  Originally posted by Willie Bee
                  So, what kind of bourbon is Joe going to buy, I mean, what would be your guess?
                  I"d get some good JD if it were me willy. I certainly like your response the best so far.
                  Comment
                  • Sean
                    SBR Wise Guy
                    • 08-01-05
                    • 985

                    #10
                    Originally posted by Willie Bee
                    So, what kind of bourbon is Joe going to buy, I mean, what would be your guess?
                    The selection is somewhat limited where he lives, but I believe that Joe's a Jack or Jim dude. Me personally, I never touch the stuff.
                    Comment
                    • m3vr6
                      SBR High Roller
                      • 09-16-07
                      • 233

                      #11
                      it's a $5 pool, do nothing and enjoy the game.
                      Comment
                      • Wheell
                        SBR MVP
                        • 01-11-07
                        • 1380

                        #12
                        I'd go with Southern Comfort, but that's just me.
                        Comment
                        • Willie Bee
                          SBR Posting Legend
                          • 02-14-06
                          • 15726

                          #13
                          Originally posted by Sean
                          The selection is somewhat limited where he lives, but I believe that Joe's a Jack or Jim dude. Me personally, I never touch the stuff.
                          Yeah, me too. I mean, I don't touch Jack and Jim these days, more of a Wellers or Bookers man myself.
                          Comment
                          • HedgeHog
                            SBR Posting Legend
                            • 09-11-07
                            • 10128

                            #14
                            Originally posted by Sean
                            Let's say a buddy of mine ... we'll call him "Joe" ... stands to win $200 in a pool at the local watering hole if Denver wins straight up tonight. He will definitely not win a penny if Green Bay wins the game outright. Joe has about $5 invested in the pool and is apparently sporting such a tiny pair that he's actually thinking about hedging.

                            So, here's two questions to help this poor nutless sack of shiite do the right thing:

                            A) Should Joe make a moneyline play on the Pack tonight at +150?

                            if so, then

                            B) What size bet should Joe make?
                            Screw the ML and take GB +3 for $100. Joe is guaranteed roughly $100 profit no matter what and could win both for $300.
                            Comment
                            • 20Four7
                              SBR Hall of Famer
                              • 04-08-07
                              • 6703

                              #15
                              What did Joe do? Curious minds need to know?
                              Comment
                              • Stumpage
                                SBR MVP
                                • 09-21-05
                                • 2906

                                #16
                                Originally posted by 20Four7
                                What did Joe do? Curious minds need to know?
                                I agree.....Those following the " 'Joe' Chronicles" have been left twisting in the wind here, like a season finale cliff-hanger.....

                                Did Joe relent and safely hedge? Or did Joe in fact grow a pair of testicles in the interim?

                                The World waits.....
                                Comment
                                • HedgeHog
                                  SBR Posting Legend
                                  • 09-11-07
                                  • 10128

                                  #17
                                  Originally posted by Stumpage
                                  I agree.....Those following the " 'Joe' Chronicles" have been left twisting in the wind here, like a season finale cliff-hanger.....

                                  Did Joe relent and safely hedge? Or did Joe in fact grow a pair of testicles in the interim?

                                  The World waits.....
                                  Nothing wrong with hedging, smartly. Many of you act like it's a wuss thing to do, not so. He should have bought GB +3 yesterday for a dollar to guarantee a profit IMO.
                                  Comment
                                  • Stumpage
                                    SBR MVP
                                    • 09-21-05
                                    • 2906

                                    #18
                                    Originally posted by HedgeHog
                                    Nothing wrong with hedging, smartly. Many of you act like it's a wuss thing to do, not so. He should have bought GB +3 yesterday for a dollar to guarantee a profit IMO.
                                    I agree Hedge...Just having a little fun with the thread.....
                                    Comment
                                    • Sean
                                      SBR Wise Guy
                                      • 08-01-05
                                      • 985

                                      #19
                                      Important Joe Update

                                      This just in from "Joe" ...

                                      He thanks everyone for their priceless advice, particularly the recommendations for drinking substantial quantities of good bourbon and falling asleep in his recliner.

                                      Unfortunately, Joe woke up during Denver's final drive in the 4th quarter where, with no timeouts remaining, the Broncos smartly opted to run Cutler off right guard and then scramble for the tying FG rather than risk winning the game in regulation.

                                      Then, upon completion of the first play from scrimmage in overtime, Joe jumped from his recliner and, in a drunken stupor, launched his near-empty bourbon bottle at his flat screen TV, breaking both upon impact.

                                      This action, for some reason, woke Joe's wife from her beauty sleep (which, by the way, seems to be a misnomer because, for all the sleep Joe's wife seems to get, the results have been less than stellar). Nonetheless, upon witnessing his completely understandable display of emotion, Joe's wife kicked his ass out of the house.

                                      So, the math looks something like this:
                                      • Football pool entry fee: $5
                                      • Bottle of good bourbon: $35
                                      • Green Bay ML +150: $50
                                      • 48" plasma TV: $2450
                                      • Spending the night at the Del Rey: priceless
                                      Comment
                                      • Stumpage
                                        SBR MVP
                                        • 09-21-05
                                        • 2906

                                        #20
                                        Now that was a funny post (The whole "Plasma thing" aside of course).....
                                        Comment
                                        • 20Four7
                                          SBR Hall of Famer
                                          • 04-08-07
                                          • 6703

                                          #21
                                          Good move hedging, as I was sure GB was going to win. Next time Joe needs some plasma tv help, I'll take it away from him. He can keep the less than stellar wife tho.
                                          Comment
                                          • Sclass600
                                            SBR High Roller
                                            • 09-08-07
                                            • 117

                                            #22
                                            Do hedge oops too late
                                            Comment
                                            • marke4
                                              SBR High Roller
                                              • 11-27-06
                                              • 193

                                              #23
                                              Originally posted by The Prick
                                              sounds like "joe" should either:

                                              a. grow a pair, or 2. get Ganch on speed-dial
                                              Prick I love you man.. I wish you were my father.
                                              Comment
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