TEAM | CURRENT ODDS | OPENING ODDS |
Virginia | 3-2 | 15-1 |
Michigan State | 7-4 | 15-1 |
Texas Tech | 4-1 | 40-1 |
Auburn | 7-1 | 30-1 |
I would have asked closer to $12K for it, as Tech is listed at 4-1
According to updated national championship odds from Westgate, the Cavaliers, who opened the season at 15-1 odds, are now 3-2 to win. Just behind them is Michigan State on the opposite side of the bracket with odds at 7-4. No. 3 seed Texas Tech has the third-best odds at 4-1 followed by Auburn at 7-1.
TEAM CURRENT ODDS OPENING ODDS Virginia 3-2 15-1 Michigan State 7-4 15-1 Texas Tech 4-1 40-1 Auburn 7-1 30-1
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If you wouldn't hedge then you're basically saying you would bet TT for 9 grand.
If you didn't have that ticket, would you bet TT for 9 grand?
Unless you just look at it as "house money" but 9k is likely a good amount more than most peoples normal bet.
For $50,000, I would hedge. But only at the best odds available, definitely not for this price. And I would bet $9,000 (or more) on Texas Tech at +575. Then just bet the other sides and have a profit before the Final Four games are even played.