[TheCentaur]

How would you hedge a billion dollar payoff?

[jjgold]

??
You don't

Easy answer

[daneblazer]

How would you get said money? Rob Fort Knox?

[James D]

If you had a perfect bracket this year in the billion dollar bracket contest you were underpaid.


the fact is three dozen legitimate hard money lending opportunities would present themselves within a few hours for you and them to make a huge sum.

[TheCentaur]

How would you get said money? Rob Fort Knox?

That's what I'm wondering, maybe u could bet on credit with the anticipated payoff from quicken loans, but what sportsbooks are going to let u get 100 or 200 million down and how could you do it by Monday?

[daneblazer]

There's a better chance of Joe Blanton winning the Cy Young than getting a perfect bracket. Aint gonna happen

[TheCentaur]

Come on Dane we all realize that but it's a hypothetical gambling situation

[daneblazer]

How about that guy who had the 100k ticket for Auburn winning it all? He couldn't hedge, the ML was too high. He'd have to come up with a huge amount of money somehow with terrible odds and at that point why even take a future?

[MoneyLineDawg]

Talk to bank and take out a loan for as much as possible.....Find a sportsbook that will let you lay down like 10 mill on the hedge

Only choice really....10 million or so at the worst

[ramones951]

I wonder if Trump would work out a private settlement. I would hedge and walk away with 500M assuming even odds are u kidding me.

If not, like someone said, lenders would approach you looking to make a cut, which again I would be fine with... If you have a few days you could theoretically spread it out but you would have to act quickly...

[TheCentaur]

Right, I'm wondering if Quicken loans could loan you a big chunk because they know ur good for it if u lose. Or maybe you could arrange to settle with them for 450 million or something depending on the line on the game

[InTheDrink]

Centy when did saer hand you the bad thread starter thread?

[capone1899]

Zero chance that they wouldn't try to buy you out before the game started, but I don't agree with the 450-500m buyout. Doubt I could throw away a half-billion one game away. I'd probably try to squeeze them for 600-650m.

[MiDNiTe]

no way they pay you off 600 to 650mil they would probaby offer you 200mil knowing 95percent of ppl would take it

[TheCentaur]

Something occurred to me

If you somehow were able to get 450 mill on the other side, I'm not sure you could deduct it if you lost. I don't think the quicken loans payoff would be classified as gambling winnings, and you can only deduct gambling losses up to the amount of gambling winnings.

So if that's the case, if you won the billion dollar bracket, lost the 450 mill hedge, then paid all the taxes on the billion, you would actually lose money

[Gonz312]

Would be tough moneywise, not just getting enough money to make it worthwhile but also being able to get that amount in play from various books since most would never take a bet that high to begin with...would just have suck it up at take the 100 grand you are guaranteed for being the top bracket and live in regret for the rest of your life for coming within a game of the impossible

[Swift Thinking]

You let it ride like a Boss

Billion dollar bet .

How many people could say that

[mcdonae101]

U couldn't hedge, even if u bet with every book in the world u couldn't come close to half. They would offer u 100 million knowing u have to take it unless ur a fuking moron, anyone who says they wouldn't is full of shit, there'd take the 100 million and give buffet a bj

[frogsrangers]

How about that guy who had the 100k ticket for Auburn winning it all? He couldn't hedge, the ML was too high. He'd have to come up with a huge amount of money somehow with terrible odds and at that point why even take a future?

He could have easily hedged with a live bet in that game especially when Auburn went up at the end

[James D]

Zero chance that they wouldn't try to buy you out before the game started, but I don't agree with the 450-500m buyout. Doubt I could throw away a half-billion one game away. I'd probably try to squeeze them for 600-650m.

Midnite is correct the squeeze would be in the other direction. They would know you will take 100m or much less. Remember its like 25m for 40 years so it's worth far far less then a billion closer to 300-400 actually

[texhooper]

??
You don't

Easy answer

this is the only answer. you deal with sweating out a full one billion dollar 'bet'. we're fukking gamblers here.

[jtoler]

Youd have to take the money and run, youd wanna kill yourself if you lost in the finals.

[James D]

this is the only answer. you deal with sweating out a full one billion dollar 'bet'. we're fukking gamblers here.

yeah ok. That's what you would do

[texhooper]

yeah ok. That's what you would do

ok, i wouldn't. but still...it would be a negligible amount compared to the billion.

mr. fun police over here...

[James D]

ok, i wouldn't. but still...it would be a negligible amount compared to the billion.

mr. fun police over here...

LOL, I respect you for admitting you were joking around. I can tell you with certainly I would hedge every sent I could get my hands on and some that i could not.

[trevor123698]

How would you get said money? Rob Fort Knox?

there is no gold in fort knox and hasn't been for a long time