Sometime I make an early bet, but the market price close to gametime isn't much better, and my edge on the bets is low. I don't bet anywhere close to full Kelly, but I still wanted to know about hedging when I have more exposure than I want.
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12-01-10 02:52 PM #1
What to Do When You OverBet?
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12-01-10 06:50 PM #2
look for a halftime or live hedge
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12-01-10 07:17 PM #3
You should set your bet size according to your edge at the current market price. It sounds like you over bet in anticipation of the market to agree with you in the future.
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12-01-10 11:17 PM #4
Another idea is to line shop just a little and buy yourself out of the orig wager a bit
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