Thanks for all the replies.
Sorry Jazz...I went to bed right before you asked your question.
The idea of making escalating bets does seem appealing. The only issue, of course, is can I rely on the book to pay out the 40k ahould the marlins win? I will probably do all my hedging with the same book where I placed the original bet. I have the capital to make escalating bets, however I'm not sure exactly how much to lay on the giants first round. Most likely I will do something like this(using Jazz's example as opponents being -170:
Round 1: $850 to win $500
Round 2: $2200 to win just under $1300
World series: 12000 to win just over $7000
Basically it ensures me a small profit if they lose first or second round ($400 1st, $450 2nd) and a decent profit if they lose in the WS ($3850) and a nice chunk of change if these marlins win it all ($24450).
Sorry Jazz...I went to bed right before you asked your question.
The idea of making escalating bets does seem appealing. The only issue, of course, is can I rely on the book to pay out the 40k ahould the marlins win? I will probably do all my hedging with the same book where I placed the original bet. I have the capital to make escalating bets, however I'm not sure exactly how much to lay on the giants first round. Most likely I will do something like this(using Jazz's example as opponents being -170:
Round 1: $850 to win $500
Round 2: $2200 to win just under $1300
World series: 12000 to win just over $7000
Basically it ensures me a small profit if they lose first or second round ($400 1st, $450 2nd) and a decent profit if they lose in the WS ($3850) and a nice chunk of change if these marlins win it all ($24450).
You could hedge it one other way, especially if you like the Marlins in the first round. Wait until the giants have a series clinching game then bet San FRan. Only problem is if San Fran goes up 3-0, you may be betting 4 losing bets in a row. Try to figure out what the odds will be on each game before the series starts, you may be better off betting games verses series prices. Remember if Fla gets ahead you may never have to hedge. just a thought
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by jwunderdog:
You could hedge it one other way, especially if you like the Marlins in the first round. Wait until the giants have a series clinching game then bet San FRan. Only problem is if San Fran goes up 3-0, you may be betting 4 losing bets in a row. Try to figure out what the odds will be on each game before the series starts, you may be better off betting games verses series prices. Remember if Fla gets ahead you may never have to hedge. just a thought<HR></BLOCKQUOTE>
Yeah, I thought about betting San Fran for a small amount in game one....if Florida wins then I could bet the adjusted series price. Keep in mind that the first round is best of five (unless they have changed it)
You could hedge it one other way, especially if you like the Marlins in the first round. Wait until the giants have a series clinching game then bet San FRan. Only problem is if San Fran goes up 3-0, you may be betting 4 losing bets in a row. Try to figure out what the odds will be on each game before the series starts, you may be better off betting games verses series prices. Remember if Fla gets ahead you may never have to hedge. just a thought<HR></BLOCKQUOTE>
Yeah, I thought about betting San Fran for a small amount in game one....if Florida wins then I could bet the adjusted series price. Keep in mind that the first round is best of five (unless they have changed it)
No, it's still best 3 out of 5 for the division series.
That's a good strategy if, of course, you decide not to cover the bet initially as first described, but then when Florida gets down you can get some cash back that way - and if of course Florida rallies, you'll have to recoup the losses during the next series.
Anyhow, looks like you're a man with a plan, GL
That's a good strategy if, of course, you decide not to cover the bet initially as first described, but then when Florida gets down you can get some cash back that way - and if of course Florida rallies, you'll have to recoup the losses during the next series.
Anyhow, looks like you're a man with a plan, GL
Peteep,
Here's how I would look at it...
Do you NEED to win the hedge money?
Bills, bookies, the wife, the girlfriend etc...
If not, then why hedge in the first round?
You only have $100 invested....
Since you mentioned that you have the dough for the escalating wagers then the original $100 bet is probably chump change.
So why not wait and see what happens in game 1?
If FL wins then you are in the driver seat.
If FL loses, then back to my first thought, it was only a hundred bucks!!!
Now why do I only have FL at 125-1?
Good Lucks,
LV711
Here's how I would look at it...
Do you NEED to win the hedge money?
Bills, bookies, the wife, the girlfriend etc...
If not, then why hedge in the first round?
You only have $100 invested....
Since you mentioned that you have the dough for the escalating wagers then the original $100 bet is probably chump change.
So why not wait and see what happens in game 1?
If FL wins then you are in the driver seat.
If FL loses, then back to my first thought, it was only a hundred bucks!!!
Now why do I only have FL at 125-1?
Good Lucks,
LV711
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by mcfinex:
You can bet on the Marlins NOT to win the World Series at -1560 on Tradesports.
<HR></BLOCKQUOTE>
If one takes this route, selling in the 60 cent range, then the 8 cent commission for trading in and out is significant.
You can bet on the Marlins NOT to win the World Series at -1560 on Tradesports.
<HR></BLOCKQUOTE>
If one takes this route, selling in the 60 cent range, then the 8 cent commission for trading in and out is significant.
