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Ok, Im a small time guy. Should i hedge this bet? whats the best option for hedging this? thanks for any advice
mundane
SBR MVP
02-25-08
3592
#2
well here's one example...
SEA ML -190: bet $300 to win $158
so if SEA wins, $158 - $60 = $98
but if SF wins, $653 - $300 = $353
so in this scenario, the question is... are you willing to give up the chance of winning $653 for a sure win of either $98 or $353???
im not really well-versed in hedging, so i hope others could chime in. goodluck!
ps. if u do decide to hedge, shop around for a better ML price. the lowest i see right now is -176.
Comment
Deol
SBR MVP
09-01-11
1340
#3
Hope SF scores first then live bet SEA. If not, let it ride. Not really worth hedging to be honest.
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mundane
SBR MVP
02-25-08
3592
#4
oh yeah, i forgot about live-betting. thanks Deol!
*i don't/can't do live bets as i only do my bets in the casinos but im hardly there during the games.
Comment
mundane
SBR MVP
02-25-08
3592
#5
he did say he's a small time guy. perhaps collecting a hundo off his $60 (from my example) is worth it for him. =) otherwise, and personally i say, let it ride. *i actually have SF ML as one of my picks. so goodluck to both of us.
Comment
TiredPro
SBR Wise Guy
01-17-12
672
#6
Bet SF +3.5 for 110 to win 100. Bet Seattle money line to win 200. Worst case you walk with $30. Best case you walk with $500sh. You will never go broke taking profit. Don't let big payoff blind you. If someone said give me $60 today and I will give you back $90 in a week, you would do it every time.