Need some Hedging Advice! I've got $500 on Li Na to win at 25-to-1

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  • prior22usaf
    SBR High Roller
    • 01-28-11
    • 151

    #1
    Need some Hedging Advice! I've got $500 on Li Na to win at 25-to-1
    I need some advice from you tennis experts out there. I've got a $500 Futures bet on Li Na to win @RG that I put in before her last match at 25-to-1 odds. I'm looking to hedge at least a little. I'm just not sure the smartest way to go about it. She's got Azarenka up next with Sharapova possibly waiting for her in the next round. Shoulld I try to just straight up bet Azarenka (-240ish fav) or just try to put Futures bets in on some of the other women in the tournament (If so, which ones?). Appreciate any advice... What say you all?
  • reformed
    SBR MVP
    • 11-18-10
    • 1384

    #2
    I would put 2400 on azarenka and then if she beats her then let it ride.
    Comment
    • noober
      SBR MVP
      • 10-23-09
      • 2012

      #3
      Your futures bet has not increased in value that much. When you make this kind of bets I would suggest you have a predetermined plan of what to do. My advice is to go Betfair and bet $5835 that Li is not winning it. This will lock you a profit of $164.
      Comment
      • beefcake
        SBR Posting Legend
        • 11-26-09
        • 14029

        #4
        Let it ride man, hopefully you thought that Li was going to win this tourney when you made that bet. If she comes out of that bracket she would be a small fav or a small dog vs any of the other chicks on the other side. Then you should hedge in the final. If she can beat Kvitova then Azarenka should be no problem, and the bookies will realize that when she meets Kuzzy/Fatty/He- man/ or Pavy in the finall
        Comment
        • leeloo
          SBR Sharp
          • 04-11-10
          • 314

          #5
          I'm no expert but from what I've seen Azarenka will win it all this RG.
          Good luck with whatever you chose to do.
          Comment
          • EaglesPhan36
            SBR Aristocracy
            • 12-06-06
            • 71662

            #6
            I think the only thing other than letting it ride is something you asked about taking another of the player's as a future. You could grab Azarenka at around +250 I think right now. If you bet $200 on it and she wins, you come out dead even with your original future on Li. You'd also like have a + money hedge on Azarenka in every match after this one as she'll likely be considered the favorite all the way through. Of course the bummer is if she loses, you dropped $200 - but then you're still alive for a large pay day with Li and it would be the semis so you could probably then just take her opponent straight up to cover everything. Seems very complicated though, but if you're trying to guarantee yourself money and don't think Li is going to win against Azarenka - it might be something to look over.
            Comment
            • Blax0r
              SBR Wise Guy
              • 10-13-10
              • 688

              #7
              I agree w/ the last two posters; Azarenka's form has been very good and looks like the favorite to win it all. (Usually, letting the bet ride is the best action, but Azarenka looks +EV) At least put a little on Azarenka on the QF match.
              Comment
              • prior22usaf
                SBR High Roller
                • 01-28-11
                • 151

                #8
                I appreciate the insight guys.... I do still like Li Na a lot and of course thinks she has just as much a chance (if not more) as everyone else in this field, althought I think Azarenka could take this match which is why I'm thinking of hedging out a little bit now. I have Azarenka at +250 to win it all so I'll pry throw the $200 toward her now still obviously hoping Li Na takes her down.

                I'm still kind of debating it all thought still so any further ideas/thoughts....please share!
                Comment
                • reformed
                  SBR MVP
                  • 11-18-10
                  • 1384

                  #9
                  field to win other than li is -1733 at 5dimes if you want to take that route.
                  Comment
                  • reformed
                    SBR MVP
                    • 11-18-10
                    • 1384

                    #10
                    you definitely should consider hedging right now. sharapova is -210, field is -428
                    Comment
                    • goblue12
                      SBR MVP
                      • 02-08-09
                      • 1316

                      #11
                      You have a +2500 which fair odds are -348.8 / +348.8 giving you 479.32% edge on market price.

                      If you don't want it, I'll take it.
                      Comment
                      • prior22usaf
                        SBR High Roller
                        • 01-28-11
                        • 151

                        #12
                        Originally posted by goblue12
                        You have a +2500 which fair odds are -348.8 / +348.8 giving you 479.32% edge on market price.

                        If you don't want it, I'll take it.

                        Hey again guys, hoping to get your thoughts once again on this..... I actually did a little bit of hedging on some of the other women to win the French before Li Na's last match versus Azarenka. I have listed those hedges below.

                        Svetlana Kuznetsova-$200 bet at +560
                        Victoria Azarenka-$500 bet at +245
                        Maria Sharapova-$500 bet at +290
                        Francesca Schivaone-$200 bet at +600

                        So, pretty much I've lost $700, but have some hedges still alive with Sharapova and Schiavone. I was wondering what you thought of the current situation I'm in here. You think I should add any cash on the above 3 to win or even put some money on Bartoli (I'd be really screwed if she won). I'm not really a tennis expert (more of a casual fan), so I wanted to get your thoughts. Any thoughts would be much appreciated....Thanks!
                        Comment
                        • Hall2Collie
                          SBR Sharp
                          • 01-03-11
                          • 462

                          #13
                          I'd let the semi-finals play out

                          If Bartoli beats Schivaone and faces Sharapova she will be a decent size dog

                          If Li faces Bartoli then I'd probably let it ride since Bartoli will probably be a small fav

                          If Bartoli losses in the Semi then sit back and enjoy
                          Comment
                          • and24
                            SBR Sharp
                            • 11-11-10
                            • 334

                            #14
                            Originally posted by noober
                            Your futures bet has not increased in value that much. When you make this kind of bets I would suggest you have a predetermined plan of what to do. My advice is to go Betfair and bet $5835 that Li is not winning it. This will lock you a profit of $164.

                            that's what you should do. just determine how much you wanna get if li na can't win it all.
                            Comment
                            • jididii
                              SBR High Roller
                              • 10-31-10
                              • 180

                              #15
                              Gl luck today!

                              Jididii
                              Comment
                              • EaglesPhan36
                                SBR Aristocracy
                                • 12-06-06
                                • 71662

                                #16
                                Looking good dude. Guaranteed money however you do it.
                                Comment
                                • Gaskan
                                  SBR Wise Guy
                                  • 01-31-11
                                  • 765

                                  #17
                                  Originally posted by EaglesPhan36
                                  Looking good dude. Guaranteed money however you do it.

                                  Cha ching!!!! wow nice bet. Now you can hedge or roll the dice for all the marbles.
                                  Comment
                                  • macoeric
                                    SBR Wise Guy
                                    • 09-29-10
                                    • 626

                                    #18
                                    Nice, bet you're happy after that match!
                                    Comment
                                    • legendmatt34
                                      SBR Wise Guy
                                      • 03-15-09
                                      • 737

                                      #19
                                      share next time
                                      Comment
                                      • beefcake
                                        SBR Posting Legend
                                        • 11-26-09
                                        • 14029

                                        #20
                                        Li/Schi should be pick..And Li/fatty should be Li -150 I think..That said nice job on the future!
                                        Comment
                                        • prior22usaf
                                          SBR High Roller
                                          • 01-28-11
                                          • 151

                                          #21
                                          Thanks for the advice guys....

                                          I was hoping to get thoughts on the match between Li Na and Schiavone. I have actually not added any bets other than the ones I previously told you about, so was curious as to what you thought about possibly adding money to Schiavone or just letting it go. Any thoughts would be much appreciated.... Thanks!
                                          Comment
                                          • Blax0r
                                            SBR Wise Guy
                                            • 10-13-10
                                            • 688

                                            #22
                                            Congrats on fighting the hedging temptation! You're in a very enviable position now.

                                            For a perfect hedge and assuming 1-1 odds for Schiavone, sticking 6500 will net you 6000 no matter what.

                                            My suggestion is at least put enough on Schiavone to get your money back on Li bet. However, it may be worth compiling a "payoff/profit" spreadsheet and figure out the hedge amount that suits you best.
                                            Comment
                                            • reformed
                                              SBR MVP
                                              • 11-18-10
                                              • 1384

                                              #23
                                              add a couple thousand on schiavone in case Li cant handle the moment
                                              Comment
                                              • delpiero7
                                                SBR Sharp
                                                • 11-24-10
                                                • 362

                                                #24


                                                Well played sir.
                                                Comment
                                                • prior22usaf
                                                  SBR High Roller
                                                  • 01-28-11
                                                  • 151

                                                  #25
                                                  Thanks for all the advice throughtout the last few Ni La matches guys..... It turns out I had a winning ticket from the start, but it's really hard to resist hedging...lol Biggest ticket I've ever cashed... Again thanks for the advice guys and Congrats to Li Na! I've got to put money on her to win Wimbledon now just because!
                                                  Comment
                                                  • ROYAJA8
                                                    SBR MVP
                                                    • 10-23-09
                                                    • 2069

                                                    #26
                                                    how much money did you lose on hedging? You shoulda just stick with your gut feeling but still good win.
                                                    Comment
                                                    • prior22usaf
                                                      SBR High Roller
                                                      • 01-28-11
                                                      • 151

                                                      #27
                                                      Originally posted by ROYAJA8
                                                      how much money did you lose on hedging? You shoulda just stick with your gut feeling but still good win.

                                                      lost $1400 but still made $11,100 so I'm not complaining
                                                      Comment
                                                      • Hall2Collie
                                                        SBR Sharp
                                                        • 01-03-11
                                                        • 462

                                                        #28
                                                        Originally posted by ROYAJA8
                                                        how much money did you lose on hedging? You shoulda just stick with your gut feeling but still good win.
                                                        Not at all

                                                        Hedging was always the smartest play

                                                        Guaranteed money > cheerleading for one person to win on a 50/50 matchup
                                                        Comment
                                                        • makman
                                                          SBR MVP
                                                          • 10-31-10
                                                          • 1019

                                                          #29
                                                          Originally posted by ROYAJA8
                                                          how much money did you lose on hedging? You shoulda just stick with your gut feeling but still good win.
                                                          Never!

                                                          Hedging is a good thing when you are profiting good. It s better always saying " ....i shouldnt hedge ..." instead of saying ".......I should hedge ......."
                                                          Comment
                                                          • tankman777
                                                            SBR Sharp
                                                            • 04-03-10
                                                            • 330

                                                            #30
                                                            cool winning very well done sir
                                                            Comment
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