Basically, I have Villanova at +1000 to win.
They will be a relatively heavy favorite going forward which means I get favorable bets if I hedge against them.
So, if I ...
1) Let it ride, I get $1000. That's obvious. If they lose, I'm -$100.
2) If I wait until they make the championship game, and hedge against them, I'm probably looking at $600-650 guaranteed profit hedging against them. If Loyola makes the championship and Villanova creams Kansas like they did Oklahoma a couple years back, maybe as much as $750 guaranteed profit. If they lose Saturday, I'm -$100.
3) Hedge before Saturday's games, at which I hedge against each of Villanova's opponents. This involves a series of bets made assuming Villanova could lose either day, but I estimate about $300 guaranteed profit.
I'm not a prolific sports gambler. $1000 is not a LOT of $ to me, but not peanuts either. I don't think I could go +$1000 versus -$100, but +$300 versus -$100 is a little bit more negotiable.
They will be a relatively heavy favorite going forward which means I get favorable bets if I hedge against them.
So, if I ...
1) Let it ride, I get $1000. That's obvious. If they lose, I'm -$100.
2) If I wait until they make the championship game, and hedge against them, I'm probably looking at $600-650 guaranteed profit hedging against them. If Loyola makes the championship and Villanova creams Kansas like they did Oklahoma a couple years back, maybe as much as $750 guaranteed profit. If they lose Saturday, I'm -$100.
3) Hedge before Saturday's games, at which I hedge against each of Villanova's opponents. This involves a series of bets made assuming Villanova could lose either day, but I estimate about $300 guaranteed profit.
I'm not a prolific sports gambler. $1000 is not a LOT of $ to me, but not peanuts either. I don't think I could go +$1000 versus -$100, but +$300 versus -$100 is a little bit more negotiable.
