Philly Hedge Question

[themajormt]

I am in a pool with 12 total people, everyone chooses a team and if that persons team wins the Super Bowl that year then the 11 people all pay out $200 to the winner. If no ones team wins then no one pays out.

I have Philly and the only remaining team is Pittsburg. I could potentially win $2,200, or loss $200 so I am trying to think of a way to mitigate any losses. Do you guys recommend hedging anything or wait until the SB?

[slacker00]

I'd let it ride this round. If the Super Bowl ends up Philly-Pitts, you've got an excellent hedge opportunity. I'd wait until then.

Maybe you can even hedge amongst others in your pool and save the juice. e.g. Maybe just agree to split with the Pitts guy, or maybe a weighted split. Don't be afraid to get creative.