Can someone help me hedge this bet? (I'll give ya points)

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  • mikey207
    SBR High Roller
    • 05-23-11
    • 132

    #1
    Can someone help me hedge this bet? (I'll give ya points)
    Longtime lurker here guys.

    Anyway, I played a $5 pick 'em sheet yesterday. The pool is $4,050, and I'm in the final 5.

    1 guy is on Denver, and there are 4 of us on Atlanta with the following numbers: 50, 51(me), 54, and 60.

    As you can see, I can only win with an Atlanta win and a total of 51 or 52.

    Is there anyway I can hedge this? I'll dish some points to anyone that could help me.

    Thanks.
  • BigDeem5
    SBR Posting Legend
    • 02-26-11
    • 17191

    #2
    Well, there are different options.

    Stick with Atlanta, and Just play Denver for About $500 ml.

    Parlay Atlanta and Over for $500
    Parlay Atlanta and Under for $500
    Comment
    • greenhippo
      SBR Hall of Famer
      • 02-15-12
      • 9091

      #3
      Just to clarify, Atlanta has to win and if they do the total score has to be 51 or 52 (not 53?) or you lose?

      If that's the case there is no way to hedge here, Denver could win, total could be any number between 40 and 70.
      Comment
      • greenhippo
        SBR Hall of Famer
        • 02-15-12
        • 9091

        #4
        Or listen to bigdeem
        Comment
        • benjy
          SBR MVP
          • 02-19-09
          • 2158

          #5
          Originally posted by BigDeem5
          Well, there are different options.

          Stick with Atlanta, and Just play Denver for About $500 ml.

          Parlay Atlanta and Over for $500
          Parlay Atlanta and Under for $500
          Not a bad option if you have a book that will let you play a correlated parlay.

          If you have a book that lets you buy/sell points (like Pinny) you could take under 50.5 for -116ish and over 52.5 for +110ish.
          Comment
          • nvrlose37
            SBR MVP
            • 06-01-12
            • 2730

            #6
            Is there any prize for second or third? Im feeling if not, you are pretty fuckked, 27-24 or 28-24 being some of the only scores that will save you.
            Comment
            • mikey207
              SBR High Roller
              • 05-23-11
              • 132

              #7
              I have 5Dimes and Bookmaker.

              Yea I just realized I'd get plowed if Denver won.

              Thanks for the insight so far, guys.
              Comment
              • Jrod124
                SBR Hall of Famer
                • 10-31-09
                • 5622

                #8
                31-21 could be the final, let it ride its $5
                Comment
                • Justin3587
                  SBR MVP
                  • 08-29-12
                  • 2566

                  #9
                  To be honest, there is no accurate way to hedge this. This is one of those things you need to ride out and hope that luck is on your side. I wish you the best of luck. For the record, I took the total score at 53, so I am pretty sure it will be somewhere around your number, hopefully you are the lucky guy.
                  Comment
                  • mikey207
                    SBR High Roller
                    • 05-23-11
                    • 132

                    #10
                    Under 51.5 is -118

                    Over 52.5 is +113

                    at 5D
                    Comment
                    • mikey207
                      SBR High Roller
                      • 05-23-11
                      • 132

                      #11
                      Looks like I'm going to let it ride, boys.

                      Thanks for the input
                      Comment
                      • Jrod124
                        SBR Hall of Famer
                        • 10-31-09
                        • 5622

                        #12
                        Originally posted by mikey207
                        Looks like I'm going to let it ride, boys.

                        Thanks for the input
                        Good Luck bud
                        Comment
                        • mynameismud
                          SBR Hall of Famer
                          • 02-13-12
                          • 5461

                          #13
                          so $5 pay over 4k? must be a huge fukking pool.
                          Comment
                          • mikey207
                            SBR High Roller
                            • 05-23-11
                            • 132

                            #14
                            Originally posted by mynameismud
                            so $5 pay over 4k? must be a huge fukking pool.
                            It's a popular pick 'em sheet that the bars run here in Portland, ME.

                            There's also a $10 one that has pools between 7-10K a week.

                            Oh and my losses were on New England and Dallas, if anyone was wondering. I know it's hindsight, but 95% of the time I would have taken Seattle in that same situation. Oh well.
                            Comment
                            • Oddz On
                              SBR Rookie
                              • 09-16-12
                              • 2

                              #15
                              A. 1500 on Denver ML (1900 return)

                              B. 500 parlay atl/under (1695 return)

                              C. 500 parlay atl/over (1695 return)

                              D. your ticket wins


                              With A-C bets placed, profit goes as


                              A. 900 profit

                              B. 695 profit

                              C. 695 profit

                              D. 1505 profit


                              in the lighning strikes possibility of an ATL win 52 point total profit= 2200 profit
                              Comment
                              • crackerjack
                                SBR MVP
                                • 08-01-06
                                • 3366

                                #16
                                I wish there was some way to hedge as I hate to see you lose your $5 but alas there is not... Guy who picked Denver is feeling pretty good.
                                Comment
                                • yahoonino
                                  SBR MVP
                                  • 08-10-07
                                  • 2651

                                  #17
                                  the over is a look atlanta 35 denver 17 good luck
                                  Comment
                                  • Blax0r
                                    SBR Wise Guy
                                    • 10-13-10
                                    • 688

                                    #18
                                    Originally posted by mikey207
                                    Under 51.5 is -118

                                    Over 52.5 is +113

                                    at 5D
                                    Assuming these over/under odds, +137 for Denver, and -147 ATL, you can't hedge out profitably at this stage. You'd need to place a position on ATL/Under, ATL/Over, and DEN ML to cover all scenarios, and there's no bet allocation that will yield a guaranteed profit.

                                    Riding it out is the right move IMO.
                                    Comment
                                    • Blax0r
                                      SBR Wise Guy
                                      • 10-13-10
                                      • 688

                                      #19
                                      Originally posted by Oddz On
                                      A. 1500 on Denver ML (1900 return)

                                      B. 500 parlay atl/under (1695 return)

                                      C. 500 parlay atl/over (1695 return)

                                      D. your ticket wins


                                      With A-C bets placed, profit goes as


                                      A. 900 profit

                                      B. 695 profit

                                      C. 695 profit

                                      D. 1505 profit


                                      in the lighning strikes possibility of an ATL win 52 point total profit= 2200 profit
                                      So if B wins, wouldn't your net winnings look like this:

                                      1695 (winnings, although it seems a little high) - 5 (pool bet) - 2000 (hedge bet on denver and other parlay) = $310 loss?

                                      I think (assuming the odds you posted are possible), the way to hedge out is 1786.76 on DEN, 922.55 on ATL/U, 922.55 on ATL/O. This would guarantee $413 of profit.
                                      Comment
                                      • Brutus84
                                        SBR Hall of Famer
                                        • 09-08-11
                                        • 5188

                                        #20
                                        IF B or C win and you dont win the pool, you lose money. Blaxor is right... Win 1695 but lose 1500 +500 +5 lol
                                        Comment
                                        • mikey207
                                          SBR High Roller
                                          • 05-23-11
                                          • 132

                                          #21
                                          A field goal short.

                                          God dammit.
                                          Comment
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