I am going to put this in the main forum for now. Druff can feel free to move it to sports betting.
So as reported on yahoo today, a bettor is holding a $25 16 team parlay ticket in which he has won the first 15 teams. His remaining team is Detroit Lions to win over Green Bay tonight. Detroit is currently at +450, so that is a large portion of this total.
That means if he was interested in hedging, with Green Bay -580 (as of a couple minutes ago). If he were to bet $580,000 he could guarantee a win of 100k. An obstacle could be that many people don't just have $600k laying around to get to in a moments notice (or day's notice) like this would require.
So, I am not going to do a poll but hope people will respond just for fun.
Would you hedge?
Could you get that kind of money on short notice and be willing to put it down on the wager?
Me personally, I don't have 600k laying around. I would scrap up what I could with my BR and savings, and my brother's bankroll, and maybe hedge for close to half, guaranteeing maybe a 60k win, and still hope Green Bay is as awful as they were last week and I got lucky for a net win of 400k.
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