need alittle advice from a mathmatician

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  • mmike032
    SBR Hall of Famer
    • 09-11-08
    • 8905

    #1
    need alittle advice from a mathmatician
    currently i have
    risking -------to win
    .5U --------2.5U( last leg of teaser OK-.5)
    1U-----------1U(OK -7)(-110)
    1U-----------1U(OK -7.5)(-110)

    my options to hedge?
    my options for a middle at +10 (+105)
    or just let it ride
    too many beers to comprend at this time
  • Justin7
    SBR Hall of Famer
    • 07-31-06
    • 8577

    #2
    Your Oklahoma bets look brilliant right now, with the line at +10.

    Are you overexposed? If not, no reason to hedge.
    Comment
    • mmike032
      SBR Hall of Famer
      • 09-11-08
      • 8905

      #3
      Originally posted by Justin7
      Your Oklahoma bets look brilliant right now, with the line at +10.

      Are you overexposed? If not, no reason to hedge.
      not at all ,just feel there is a chance for a middle if I buy .5 point to 10.5
      Comment
      • Ganchrow
        SBR Hall of Famer
        • 08-28-05
        • 5011

        #4
        Originally posted by Justin7
        Are you overexposed? If not, no reason to hedge.
        This is a misleading statement as given the OP's set-up unless he'd been underbetting he (assuming an advantage bettor) almost certainly will be overexposed given current marked-to-market risk holdings.

        After winning the other legs of his teaser, as well as experiencing favorable line movement, the OP's exposure to OK risk factors has increased substantially. Therefore, if the OP had been placing n-Kelly optimal bets all along (or close to), some set of -EV hedges would very likely be in order due to his modified risk profile.

        IMHO, without specifying probability estimates for the various outcomes, however, it's mathematically dishonest to make blanket hedging recommendations regarding a fairly complex correlated system such as this.
        Comment
        • mmike032
          SBR Hall of Famer
          • 09-11-08
          • 8905

          #5
          thanks for the imput fellas but I let it ride
          Comment
          • hoopster42
            Restricted User
            • 02-12-08
            • 6099

            #6
            Originally posted by Justin7
            Your Oklahoma bets look brilliant right now, with the line at +10.
            yeah, becoz we all know that the line movement is always right

            ummm, try about 50% of the time the line movement is right

            most bettors hate when the line moves in their favor coz its usually a tell tale sign that the pick will lose

            Comment
            • mmike032
              SBR Hall of Famer
              • 09-11-08
              • 8905

              #7
              Originally posted by hoopster42
              yeah, becoz we all know that the line movement is always right

              ummm, try about 50% of the time the line movement is right

              most bettors hate when the line moves in their favor coz its usually a tell tale sign that the pick will lose

              hence my concern. to many folks on OU for my preference
              and look how the games going
              Comment
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