1. #1
    easyliving
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    Is it standard for books to offer buyouts on future wagers?

    I have a +700 wager on the Cavs to win the East. If the wager is 1 unit to win 7 units. If I tell sportsbook I do not want to wait till May for it would they be willing to settle down for a lower amount considering their around +150 to win the East? If they accept an early settlement whats a fair price to ask? I would get back 8 units if I let it ride and wait out, is a 2.5 units a decent amount for an early settlement?

  2. #2
    capone1899
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    Not a chance. You that hard up?

  3. #3
    easyliving
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    Quote Originally Posted by capone1899 View Post
    Not a chance. You that hard up?
    its a C rated book and who knows if they will be around till May.

  4. #4
    rangerz2478
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    Not a chance you'd get a buyout. Only hedge would be finding a book or exchange the offers the "field." 5dimes will have it soon, probably at around -200 where you could lock in 1.7 unit profit either way.

    But in terms of your C rated book offering you the money immediately, no chance. And it sounds like you wouldn't wanna hedge in a real book where your hedge could lose, and your C rated book closes up.

  5. #5
    BigBlueNYG
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    I doubt they would offer anything either, but maybe if you go small and offer them a buyout for a 1.5 unit profit they might say ok. I feel like you have a good shot at winning it, but if you could get a free 1.5 unit profit from just betting the Cavs on speculation Lebron would sign then I'd say that that was a good ROI for such a short time period.

  6. #6
    KVB
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    There will be no "early settlement."

  7. #7
    easyliving
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    they wouldn't let me do it, will probably let it ride all the way at this point.

  8. #8
    Hareeba!
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    You are always able to do that on an exchange.

  9. #9
    Optional
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    Quote Originally Posted by easyliving View Post
    they wouldn't let me do it, will probably let it ride all the way at this point.
    Thanks for the update.

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