what would you do in this spot?

[pat venditto]

Say you had a 8 team parlay 1000 to win 150k say. Say you won 7 of the games and the 8th game was going to be the next day. Would you get loans from the bank/family and stick 75k on the other side of the game?

[gm2022]

Most Posters in SBR thats a huge amount of money, and I would say you would have to be stupid not to.Would be worth going to vegas to do the hedge bet though!

[MonkeyF0cker]

If it was a parlay through a Vegas casino, I'd hedge it. If it were an offshore, I'd let it ride. You can't be 100% sure you'll see the money if it wins. There's no way I'd risk getting stuck the hedge if, for one reason or another, I can't get the winnings.

[thejrichshow85]

Agree with Monkey on this one.

[CaneDawg]

If it was a parlay through a Vegas casino, I'd hedge it. If it were an offshore, I'd let it ride. You can't be 100% sure you'll see the money if it wins. There's no way I'd risk getting stuck the hedge if, for one reason or another, I can't get the winnings.

good call

[Dazzez]

You should never be in this spot to begin with.

When you have an 8 team parlay you need to hedge after winning the first 2 or 3 games.

Otherwise it could take you YEARS to give away all your money.

[thejrichshow85]

Dazzez...WHAT

[gm2022]

One day Patty gonna hit one of these parlays and I think we will hear a big scandal about how he cant get them to pay him lol! I agree with Monkey.

You think an online site would try to buy you off something like that. Say you did 10 teams on Sunday and the last game is a Mnf game? a 6 figure payout would be sick online!

[pat venditto]

I did the parlay with bookmaker and im for certain i'd get paid.Would have to pay the irs taxes without a doubt but when u win that much who cares. 1 down 14 to go

[gm2022]

I did the parlay with bookmaker and im for certain i'd get paid.Would have to pay the irs taxes without a doubt but when u win that much who cares. 1 down 14 to go

if they do a bank wire which would prob be the only way to get that amount of money, You prob have to pay the taxes your self. I by know means am someone to ask about that but 33% of that money would go to Uncle Sam

[LT Profits]

The problem would be getting down 75K, unless you are at Matchbook. If not, would need several books, and then there could be the added issue of line variance.

What you could POSSIBLY do is contact the manager of the book you have the live parlay at and tell him you want to hedge. Depending on the book's exposure, he may just allow you to do it there without posting up more money. It's been done before.

[MonkeyF0cker]

You'd have to pay the taxes regardless of the method of withdrawal. You wouldn't be able to take a $150k check to a check cashing shop...

[MonkeyF0cker]

The problem would be getting down 75K, unless you are at Matchbook. If not, would need several books, and then there could be the added issue of line variance.

What you could POSSIBLY do is contact the manager of the book you have the live parlay at and tell him you want to hedge. Depending on the book's exposure, he may just allow you to do it there without posting up more money. It's been done before.

Yeah I was going to suggest that but wasn't sure if the offshores would be willing to do it. It is easy to do in Vegas.

[MonkeyF0cker]

Hedging it through them actually helps them balance their exposure generally, LT.

[fiveteamer]

hedging is for homos.

[thezbar]

I would hedge for the dime. At worst you break even.