how to hedge my futures bet?

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  • celtics12
    SBR High Roller
    • 03-29-11
    • 227

    #1
    how to hedge my futures bet?
    I'm still confused on how to properly hedge and all that, so looking for advice...i put 10 on the pats to win the Super Bowl before the season started at 7-1, what should i do? just put 10 on the giants money line to at least guarantee to get my money back if the pats somehow manage to lose?
  • 5mike5
    SBR Aristocracy
    • 09-21-11
    • 52054

    #2
    if ur saying a measley 10.00 i have no idea why u would even think about hedging a bet where u would win at most 70.00

    hedging makes absolutley 0 sense

    GL
    Comment
    • CoachemUp
      SBR Sharp
      • 07-06-11
      • 451

      #3
      Celtic: That would be correct. I see the Giants at around +115 on the moneyline. So do the math on it. You could guarantee yourself $35 or so by betting $30.40 or so on the Giants money, or if you like the Pats to win but want to cover your intial wager then bet roughly $8.75 on the moneyline Giants.

      GL
      Comment
      • celtics12
        SBR High Roller
        • 03-29-11
        • 227

        #4
        Originally posted by 5mike5
        if ur saying a measley 10.00 i have no idea why u would even think about hedging a bet where u would win at most 70.00

        hedging makes absolutley 0 sense

        GL
        maybe because I'm not rich as hell and my whole bankroll is right around $200 right now? every one is different bro, may not be a lot to you but for some people it may be...

        and thanks for the help coachem
        Comment
        • 5mike5
          SBR Aristocracy
          • 09-21-11
          • 52054

          #5
          doesnt matter what ur bankroll is buddy...u ask for opinions so there it is

          hedging that wager makes 0 sense IMO
          Comment
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