When to think about hedging?

[Ghenghis Kahn]

people are forgetting you don't have to hedge for half of it. he could've asked carbon what the max deposit was and hedged all of that.

at least make few thousands...

[thetrinity]

i really dont blame this guy, the tard with the 500-1 future is a moron.

[The Giant]

And if he would have put down 15K on Florida State, everyone would've come in here at halftime saying, "why didn't you stick to your gut? You just threw away $15,000!"

People just want something to whine about.

[LoveDaRush]

STAX the dumbfk

haha

[seaborneq]

get a hedge calculator and get back to me

What does the fox say?

[seaborneq]

i really dont blame this guy, the tard with the 500-1 future is a moron.

Stax is Albert Einstein compared to that guy. 500-1 moron is a fan, not a gambler, loses with his heart and not his head.

[STAX]

max deposit is 2000 by c. card, 1000 w. union... and I would have had FSU -310. So about a grand I lost out on? and Im out 3K of personal funds for 2 months minimum? No thanks

[seaborneq]

max deposit is 2000 by c. card, 1000 w. union... and I would have had FSU -310. So about a grand I lost out on? and Im out 3K of personal funds for 2 months minimum? No thanks

When I mentioned earlier in the thread something about throwing 10K down to save a 5 dollar bet you laughed at me. What changed?

[nvrlose37]

im guessing being a sbr legend aint worth 40k, just a hunch

Ok maybe not as much haha

[ave_3rd]

Stax, if you ever got the chance again somehow in your lifetime to win tens of thousands off of a minuscule bet again would you do things differently or let it ride again?

[matthew919]

If 40k isn't life changing (and to most people its not), the right move was to let it go. Maybe you lose a sure thing of a few grand, but who cares. Better to have the swag it takes to sweat it out I say.

Maybe 50 cents would be life changing to all these clowns talking smack though. Lol @ dudes outing themselves and not even realizing it.

[Ghenghis Kahn]

mathew, not sure why you keep mentioning life changing?

hedging doesn't have to be life changing but if the figure is significant, then you do the obvious.

but usually in situations like this, the bettor would have mostly ml favs and hedge out with a ml dog.

this instance was just odd to begin with (being all ml dogs hitting) and most likely this scenario will not happen ever again...

[matthew919]

mathew, not sure why you keep mentioning life changing?

hedging doesn't have to be life changing but if the figure is significant, then you do the obvious.

Because "life changing" is the exact criteria for deciding whether or not to hedge (assuming that new information and line moves have not changed your opinion on the value offered on either side). Which means that you should almost never hedge.

But that only applies if you want to make money. If your goal is to lose money, then you should just hedge everything.

[Ghenghis Kahn]

Because "life changing" is the exact criteria for deciding whether or not to hedge (assuming that new information and line moves have not changed your opinion on the value offered on either side). Which means that you should almost never hedge.

But that only applies if you want to make money. If your goal is to lose money, then you should just hedge everything.

who the fukk told you this nonsense?

[matthew919]

Whoops, you're right. I had it totally backwards. Hedging out of every +EV position is always a good idea. Carry on.

[Ghenghis Kahn]

yeah because situations like this happens daily.

[Jayvegas420]

The frequency with wich these situations present themselves shouldn't affect ones ability to exercise reason & make smart decisions..