Results: May 3,4 = -1.50 units (0-2-1 W/L/D)
Playoffs Total = +21.97 units (17-18-3 W/L/D)
Sunday May 5
HEDGE:
SERIES ST.LOUIS +240 (odds: down 3-2 games) // 3.80 units to win 9.12
I still think Dallas wins the series, whether it be today, or if it goes to Game 7 on the road Tuesday. I don't typically hedge, but have to hedge in this situation. Because when I added units to Dallas at the improved odds (did so twice at +240 range Dallas), this is exactly the outcome that dictates hedging it. If we look at it like trading stocks, the series price for St.Louis is now +240 AND we know it CANNOT get any higher than what it is today.
So then the question becomes how much to hedge. Today, I decided to hedge the exact amount which ensures I break-even on the series at worse. Up until now, I had 9.10 units at risk on Dallas winning the series, for a total potential profit of 16.93 units. By hedging, I can either break-even, or win 13.13 units if Dallas goes on to win. I said from the beginning I think Dallas wins this series on the road in game 5 or 7.
pending:
SERIES SAN JOSE -112 (odds: tied 1-1 games) // 2.24 units to win 2
SERIES DALLAS +238 (odds: down 2-1 games) // 2.10 units to win 5
SERIES DALLAS +234 (odds: down 1-0 games) // 2 units to win 4.68
SERIES DALLAS +145 // 5 units to win 7.25
EXACT OUTCOME SERIES DALLAS 4-3 games +595 // 0.4 unit to win 2.38