Ok.....I'm sure everyone has read about that lucky bastard in Vegas who took the Cards at 999-1 to win the World Series. $250 to win $250k. He also already cashed 125k on his $250 ticket for them to win NL pennant.
Here's my question....How exactly would one hedge this WS bet to guarantee a profit? Since the odds are so much worse now, I realize he would need to take Texas, but how exactly do you calculate that?
I know for some this is simple.......but I'm obviously not all that sharp!
Thanks in advance for any enlightenment.
Here's my question....How exactly would one hedge this WS bet to guarantee a profit? Since the odds are so much worse now, I realize he would need to take Texas, but how exactly do you calculate that?
I know for some this is simple.......but I'm obviously not all that sharp!

Thanks in advance for any enlightenment.
