Hedging the Pats

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  • Petman
    SBR Rookie
    • 03-19-10
    • 42

    #1
    Hedging the Pats
    So I saw the other thread and didn't want to hijack it so starting this one. I have a similar "problem" in that I have the Pats to win the SuperBowl. To make math simple, lets say that if the Pats win straight up, I win 10,000. If they lose I get nothing. This seems to be the optimal position given that there may be some value in the NYG and since I essentially got the ML at even money, I can get the NYG +3 and potentially middle. I was thinking of putting 40-50% on the NYG at +3 (would love 3.5 if the line moves may buy it) guaranteeing a 5k payout and creating a potential for a 10k or 15k payout. My initial investment in this play is near nothing so I really have nothing to lose and want to maximize payout potential. Thoughts?
  • Gilly86
    SBR High Roller
    • 12-22-10
    • 229

    #2
    I'd go half at +3 personally.
    Comment
    • DJ Dana
      SBR Sharp
      • 10-11-11
      • 342

      #3
      I have a futures ticket on the Pats but I really don't want them to win (the ticket pays out less then $200). I've already locked in the Giants @ 3.5 and the Giants ML.
      Comment
      • john230
        SBR Wise Guy
        • 07-24-11
        • 721

        #4
        I would base it on who you like for the game. If you think NE is the play, I would probaly put 25% on the Gmen. But if you like the Gmen, I would do what Gilly86 siad to do and risk half on the Gmen +3.
        Comment
        • p19101
          SBR MVP
          • 11-17-11
          • 1419

          #5
          I personally think it's a mistake going for a potential middle and lose all that juice. I think you're better off going with Giants ML at +134 as a hedge.
          Comment
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