1. 05-20-08 02:34 PM #1
    Tunes
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    Hedge Question

    Before the year, I bet $200 to win $2400 in the Penguins to win the Cup. With the Wings -160 in the Final, what's the hedge bet on them that will give me the highest payout no matter who wins?

    Thanks -
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  2. 05-20-08 03:16 PM #2
    LT Profits
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    If you truly don't care who wins, you could lock up about $850 if you bet 1,552 to win 970
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  3. 05-20-08 03:34 PM #3
    Ganchrow
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    Quote Originally Posted by LT Profits View Post
    If you truly don't care who wins, you could lock up about $850 if you bet 1,552 to win 970
    You might have made a slight computational error on this one, LT. Betting $1,552 on the Wings to win $970 would only yield $770 in the event of a Wings victory versus $848 otherwise.

    If the OP were to bet $1,600 to win $1,000 he could guarantee $800 profit irrespective of the outcome.

    See my Arbitrage Calculator.
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  4. 05-20-08 04:07 PM #4
    LT Profits
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    Sorry, for some godforsaken reason, I inputed 120 as the risk on Pitt instead of 200. My bad.

    Ganch is of course 100% correct.
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  5. 05-20-08 04:11 PM #5
    Tunes
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    You guys rule. Thanks for that....I really appreciate this -
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  6. 05-20-08 05:56 PM #6
    Ganchrow
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    Quote Originally Posted by LT Profits View Post
    Sorry, for some godforsaken reason, I inputed 120 as the risk on Pitt instead of 200.
    I think it's rather clear.

    You entered 120 because God hates you.
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