only way you can make a profit is if gonzaga wins the tourney or you pick the opposing team in the final and they win which is why hedging made no sense to begin with in this situation, at least in my opinion since i dont think gonzaga will win it.
you'll probably ride gonzaga because you seem to be high on them, but i don't think it's a wise choice.
you'll probably ride gonzaga because you seem to be high on them, but i don't think it's a wise choice.
your angle is you can hedge it if you don't like the final game. like i said, the problem is if you hedge and lose you come out with nothing.
if you bet 500 on gonzaga to win it, and 500 on st. mary's to win it in the final and gonzaga wins you come out with nothing. if st. mary's wins, you'd come out say +250.
you'll say i did this because it's a no loss opportunity. you may feel that way since im sure you think gonzaga will win, but that is incorrect. if you lose on your hedge, the amount of time and effort going into it will be worth nothing.
its only worth it if you think gonzaga will win it, and as i have stated several times now, i believe st. mary's will win it.
Bet much ?
Whormoan already covered it a couple of posts back, but ... Who in the hell said you have to weight all the profit to one team or the other ? You can weight it all to Gonzaga, all to Saint Marys, or another combination in between (that will give you some level of profit no matter who wins).
Try playing with the numbers a bit ... it's not rocket science.
<table border="0" cellpadding="0" cellspacing="0"><tbody><tr><td><table width="300" border="1" bordercolor="black" cellpadding="8" cellspacing="0"><tbody><tr><td colspan="2" align="center"><table border="0" bordercolor="black" cellspacing="0"><tbody><tr><td align="left"><big>Bet 1: </big></td><td align="right"><big> $500.00</big></td><td align="left"> @ +100</td></tr><tr><td align="left"><big>Bet 2: </big></td><td align="right"><big> $270.27</big></td><td align="left"> @ +270</td></tr></tbody></table><table bordercolor="black"><tbody><tr><td colspan="2"> </td></tr><tr><td align="left"><big>Total Investment: </big></td><td align="right"><big> $770.27</big></td></tr><tr><td colspan="2"> </td></tr><tr><td align="left"><big>Total Return:</big></td><td align="right"><big> $1,000.00</big></td></tr><tr><td colspan="2"> </td></tr><tr><td align="left"><big>Total Profit:</big></td><td align="right"><big> $229.73</big></td></tr><tr><td colspan="2"> </td></tr><tr><td align="left"><big>ROI:</big></td><td align="right"><big> 29.82%</big></td></tr> <tr><td colspan="2"> </td></tr> </tbody></table> </td></tr></tbody></table> </td> <td valign="top" width="10" background="images\gradient-r.png">
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Here is an example if the line is +270 against Gonzaga. I'm doing the same or similar with Butler and starting my week ahead about 450 bones.
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Here is an example if the line is +270 against Gonzaga. I'm doing the same or similar with Butler and starting my week ahead about 450 bones.
