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Superbowl hedge

  • 04-02-2018 6:58pm
    #1
    Registered Users Posts: 89 ✭✭✭ andymann
    Registered User


    If I stand to get 800 if Eagles win (not a bet, just assume I get that money with zero initial outlay), and nothing if they don't, should I put on money on the Patriots to ensure I win something? Or does it make more sense to not bet against?


Comments

  • Closed Accounts Posts: 9,586 ✭✭✭ Rhett Wet Sprocket


    andymann wrote: »
    If I stand to get 800 if Eagles win (not a bet, just assume I get that money with zero initial outlay), and nothing if they don't, should I put on money on the Patriots to ensure I win something? Or does it make more sense to not bet against?

    How is it not a bet/wager? I.e. If you stand to get 800 if e.g. B wins over A.

    Anyway if such is the case, you could lob 200 on the NEP if the price reaches up into 4.0 (3/1). That way you'd get 800 either way (less 200 for the risk aversion on alternative, that is if the ideal price conditions are met).

    Bear in mind NEP went up to something like 40/1 last year (for a short time during live) as they were getting hammered in Q1/2/3. Before of course the last minute turn around and win.


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