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NCAA Hedge Question
I'm in the Bet Cris NCAA brackets contest and I have the following situation.
IF Kansas and Memphis reach the final game AND
Kansas wins then I would win $5,000
I would like to hedge that because at this point it's a coin toss as to who's going to win.
How do I hedge this play at this point (semi finals) to hedge the $5,000 and mazimize my profit so all outcomes from this point are covered?
Thank you
Seems to me you only need to make two bets:
UCLA on Moneyline Saturday
Future bet on Kansas NOT to win Championship
You need 3 things to happen and don't know the odds on the 3rd one (Kansas vs Memphis in Champ Game). I think your possible $5000 is worth roughly $500 now. You could bet:
1st Bet UCLA +125 500/625 (or + 2 pts +103 at MB 500/515)
2nd Bet: If UCLA bet loses, then bet NC -150 for a dime 1500/1000
At this point, you have at least $500 profit, or one more bet to make against Kansas in the final.
If you lose the first two bets, you've lost $2000 of your possible $5000. Hopefully Memphis is a dog in the Final, which would give you a middle opportunity.
PS If Kansas can beat NC, I would expect them to be about a 2 point fav over Memphis.
Last edited by HedgeHog; 04-03-08 at 11:43 AM. Reason: PS
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