one-eye said:
Hedging probably is not a bad idea. It would only cost you $300 in the first series to cover your $400. If boston wins, it would only cost you another $3 to $4 hundred to cover the next series. Bottom Line is you are guaranteed to win $2400. $2400 in the hand is worth more -$400 or $3100 in the bush.
If Yanks win the series how is he guarenteed 2400?? Doesn't he break even?
Thinking out loud here....
If anything, risk a little more on the Yanks, say 800. If Yanks win you win back roughly 1000, for a profit of $600. If the Yanks lose, you lose 800 but still have the Sox.
Going forward...
Assuming the Sox win, then you can turn around and lay another 1200 on the NL. If NL team loses, you lose 1200 (assuming it's a PK em) and the -800 for the Yanks for a combined loss of roughly 2,000. Then you get back your 3100 for an overall profit of 1,100. If the NL wins, you win your 1200, minus your intial 400, minus the Yanks loss for a breakeven.
To sum, if this math is correct and you choose to do this, you can...
1) Win 600 if the Yanks beat the Sox
2) Win 1,100 if the Sox beat the NL
3) Break even if the Sox beat the Yanks but lose in the final
Please double check to make sure these numbers are correct but I gather they are!!!!
If you are concerned about the Sox not winning, the above will help you hedge a bit. Is it worth it to you? No clue, but if you are second guessing your original bet, then it may be. Also, be aware there are plenty other options to hedge to, not the specific $$$ I used. That's the first thing I came up with. Play around with the numbers and see what's the best scenario for hedging.
GL as to what you decide.
Treez
