Any way to hedge SuperBowl futures this early?

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  • TMoney33
    SBR Sharp
    • 08-29-10
    • 388

    #1
    Any way to hedge SuperBowl futures this early?
    Earlier in the year, I placed to futures bets on the SuperBowl winner. I got SF at +4200, and DEN at +40000. I want to try hedging these if possible.

    I considered betting each remaining opponent of the two teams, but I'm not sure if it makes sense for SF, and definitely not DEN. NO is only -200, so it's a possibility. However NE is -850, so I definitely can't see hedging it this way.

    I also considered betting the field on SuperBowl futures, but there are too many teams left for this to be profitable.

    Is it too early to try hedging, or am I missing another possibility?

    Thanks in advance!
  • mathdotcom
    SBR Posting Legend
    • 03-24-08
    • 11689

    #2
    way too early

    also, why the fukk did you bet futures if you knew you'd want to hedge? why didnt you just bet denver to beat the steelers.
    Comment
    • paranoyd androyd
      SBR Hall of Famer
      • 10-01-11
      • 6459

      #3
      how much do you have on each?
      Comment
      • k13
        SBR Posting Legend
        • 07-16-10
        • 18104

        #4
        Try a bal/ne/gb ml parlay. This will open up a lot of things of both sides if you lose.

        Also a NO/NE ml parlay is not a bad idea. Try getting better lines though.
        Comment
        • ApricotSinner32
          Restricted User
          • 11-28-10
          • 10648

          #5
          Originally posted by mathdotcom
          way too early

          also, why the fukk did you bet futures if you knew you'd want to hedge? why didnt you just bet denver to beat the steelers.
          Comment
          • McBa1n
            SBR MVP
            • 01-02-06
            • 2642

            #6
            Originally posted by mathdotcom
            way too early
            This.
            Let it ride and see what happens. My Denver future is all I have left (thanks ATL and DET).
            Comment
            • warriorfan707
              SBR Posting Legend
              • 03-29-08
              • 13698

              #7
              Originally posted by mathdotcom
              way too early

              also, why the fukk did you bet futures if you knew you'd want to hedge? why didnt you just bet denver to beat the steelers.
              He said he placed the futures bets much earlier in the year.
              Comment
              • mathdotcom
                SBR Posting Legend
                • 03-24-08
                • 11689

                #8
                Only if Denver beats the Pats does your Denver future have any serious value, and by serious value I mean as a % of your original bet. Right now, on a $1 bet it's probably worth like $5. And my guess is you put $20 on it.
                Comment
                • TMoney33
                  SBR Sharp
                  • 08-29-10
                  • 388

                  #9
                  Originally posted by mathdotcom
                  way too early also, why the fukk did you bet futures if you knew you'd want to hedge? why didnt you just bet denver to beat the steelers.
                  I placed these in like week 6 or something just for fun. At the time, I never even considered what I'd do if they made it this far, because I never really expected it to happen. Now that it's here, I figured I should check out my options to lock in some profit. I did get DEN at +310 against PIT too .

                  Originally posted by k13
                  Try a bal/ne/gb ml parlay. This will open up a lot of things of both sides if you lose. Also a NO/NE ml parlay is not a bad idea. Try getting better lines though.
                  Thanks for the ideas. I can see how there could be value in the NO/NE parlay.
                  Comment
                  • p19101
                    SBR MVP
                    • 11-17-11
                    • 1419

                    #10
                    You can lay the futures at BetFair.
                    Comment
                    • the_situation
                      SBR MVP
                      • 10-22-10
                      • 2735

                      #11
                      Originally posted by p19101
                      You can lay the futures at BetFair.
                      Comment
                      • TMoney33
                        SBR Sharp
                        • 08-29-10
                        • 388

                        #12
                        Originally posted by p19101
                        You can lay the futures at BetFair.
                        US player, so no-go on BetFair. Thanks though.
                        Comment
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