This is what you called guaranteed money

[lailalicious]

5/2/2011 4:11 PMMoney Line50.00160.00Basketball - 1775 Mavericks Series +320 for Game
5/6/2011 7:36 AMMoney Line50.00120.00Basketball - 1776 Lakers Series +240 for Game

On May 2, I grabbed Mavs series at +320, Today I saw Lakers series at +240...

If Mavs win series, I win 100 Bucks,
If Lakers win series, I win 70 Bucks...Not much $ but hey, winning is winning right?

[lailalicious]

110* bucks

[Sfritts8]

it would be if you were actually winning, but by placing the second bet, you placed a bet that will actually make you lose money since the Mavs are winning this series.

[JMUplayer]

+320 and running with it seems like a much better option since they are up 2-0 and have taken 2 on the road.

[lailalicious]

it would be if you were actually winning, but by placing the second bet, you placed a bet that will actually make you lose money since the Mavs are winning this series.

How am I losing money?

If Mavs win series, I win 110 Bucks, if Lakers win series, I win 70 Bucks...

[lailalicious]

+320 and running with it seems like a much better option since they are up 2-0 and have taken 2 on the road.

It might've been a better option, but not guaranteed.

[wrongturn]

You are losing some value by taking LAL at this stage. But if it buys you a peace of mind, nothing is wrong with that.

[mann2chc]

I like ur logic lai... Anything extra is winning especially a guaranteed extra!!! I mite have to use ur blueprint when then conf finals teams are determined

[asjulian]

yea but since you did not bet a ton of money it was probably best if you took the lakers in game 3.

[21dartmouth]

i clicked on this thread expecting to see one of those "lock of the century" bs, but i guess this actually IS guaranteed money.
congrats!

[dextermasuka]

totally good call on mavs.... and you made Lakers pick
yeah i liked it... great job

[eleuropeano]

Very balsy move on picking dallas in the first place. Shrewd to lay them off now, as the Lakers are not quite dead yet. A lot of players will sit here on the Mavs thinking it is a sure thing, but it isn't, not by a long shot.

[FJ_islander]

I am with you. Winning is winning, if it's just a dollar or a million. Where as you did lose value when you made the second bet on Lakers for the series but that doesn't mean you won't have any profits. If Mavs win then you win and have lost some value but not all and if Lakers steal this somehow, Which could still happen, not saying that it will for sure or won't, You recover your money on the first bet and then some. I wish I was in your situation my friend. All the best.

[face]

tonight mavericks are only -2 at home, with ronald artest out, so vegas doesn't give a rat's ass about the mavericks.

[JOHON8]

It's called hedging.

[Bradyd]

Anytime you can get a guaranteed payday in this business, take it!!

[Nookx]

It is never right to make a -ev bet bet to cover a +ev bet long term.

[lailalicious]

Thanks guys! GL tonight!

[lailalicious]

i clicked on this thread expecting to see one of those "lock of the century" bs, but i guess this actually IS guaranteed money.
congrats!

Sorry to disappoint you! BOL!

[lailalicious]

[kiefynugs]

It's called hedging.

Technically it's an arbitrage.

[Avenger]

good job!