Yes I’m.. Trying to offload about 4k.. Only being offered 85k.. That is up from the 66k since last Thursday. I gave them 3 clock to offer more. They want to buy them all said they will offer more for the lot of ticket..Only offering 210k... Not a math major but I think ev is more around 265k.. If someone here knows ev please correct me
-
Comment -
If you stand to win a total of 360k and current odds are +105/-125, for a no juice line of +115, your current EV is 360k/2.15 = 167.4k
167.4k is roughly how much your tickets are worth right now.
At the absolute minimum, you should only consider offers at or above 150k. If you have the money, you could bet -125 other side and make guarantee 155-160k (busy so not going to do the math)Comment -
If you had $200,000 available to bet other side, you could lock in a guaranteed profit of $154,444 with odds of -125
Hedging Strategies
A spectrum of hedging strategies exists, with three popular strategies shown below.
Unbiased strategy
This strategy aims to provide the same profit or loss regardless of the event outcome. This is achieved by placing a hedge bet of $205,555.56 on the opposing selection.
The strategy:
Profit / loss table:Original bet $10,000.00 37 Hedge bet $205,555.56 1.8
Biased strategy towards original betOriginal bet $360,000.00 $-10,000.00 Hedge bet $-205,555.56 $164,444.45 Combined wagers $154,444.44 $154,444.45
This strategy aims for no profit or loss if the hedge bet wins. This is achieved by placing a hedge bet of $12,500.00 on the opposing selection.
If the original selection wins this strategy will provide a higher profit than the unbiased strategy.
The strategy:
Profit / loss table:Original bet $10,000.00 37 Hedge bet $12,500.00 1.8
Biased strategy towards hedge betOriginal bet $360,000.00 $-10,000.00 Hedge bet $-12,500.00 $10,000.00 Combined wagers $347,500.00 $0.00
This strategy aims for no profit or loss if the original bet wins. This is achieved by placing a hedge bet of $360,000.00 on the opposing selection.
If the original selection loses this strategy will provide a higher profit than the unbiased strategy.The strategy:
Profit / loss table:Original bet $10,000.00 37 Hedge bet $360,000.00 1.8
Original bet $360,000.00 $-10,000.00 Hedge bet $-360,000.00 $288,000.00 Combined wagers $0.00 $278,000.00
http://www.aussportsbetting.com/tool...ng-calculator/
.Comment -
Thanks. For the help.. I’m heading over to the Hard Rock in Punta Cana going check the lines and max bet they will allow.. I’ll follow up. Leaning towards keeping the tickets.. Littlekona what you got going on In May.. I’m think mid month.Comment -
That is my favorite hard rock punta Cana....when I was single had some fun times at bars in town...those prostitues are easily the funnest most laid back I’ve ever been around just hang with you jus for buying drinks...Vegas would be fun on Preakness weekend
if I remember Steve’s bar in town was great place for chicks punta canaComment -
Good luck on your wager
Comment -
Man...thats tough...nice run a what a buy that ticket was...Virginia just destiny w all breaks lucky buzzer shots
Comment -
No one can answer ... season bet, I wanna put $20k down on a single team. Should I just go to 5 different casinos and put 4k down at each? I'll probably move the line though ... damnComment
