A friend of mine placed a futures bet on ATL when we were there in September. He had $7,000 riding on Atlanta, which is a lot of money for him. I kept telling him to hedge like a mutherfukker. He was guaranteed at least a couple of thousand but he didn't want to jinx his Falcons. I kept pleading with him that it was basically irresponsible to not take "sure" money. He wouldn't budge. Falcon's go up 28-3 and I text him that he should definitely hedge the Patriots live bet now but he doesn't have an online account. I told him, I'd make the bet for him (Pat's were like +1600 live). I told him to at least put a couple hundred on it for security. He would not do it. He was ride or die. I kept on insisting that he could lay the bet and just chill with no worries. No convincing him.
Well, long story short, he has not text back after the loss. He's probably in a drunken stupor right about now. I can't even rub it in. That was excruciating to watch. I can only imagine what he is going through.
This event reminds me of a guy who had a $50,000 futures bet on Auburn to win NCAAF a few years ago. That dumbass would not hedge his bet either. The worst part was that his buddy who is a financial planner told him not to hedge? Who the hell does that? What an irresponsible investor. You always hedge for at least a little profit.
http://www.espn.com/college-football...tle-500-1-odds
So after consulting with his high school buddy, accountant Brian Burnett, who is an Alabama alum, the two made the trip to Las Vegas for the game but decided to let the bet ride.