Do you think this would be a good idea for a book to offer: Lets use Football or Basketball as an example, At halftime the book could offer you a surrender option, similar to that used in Blackjack. For example say you bet Dallas Cowboys -3 for $1000 and they are down 28 at halftime, you could call up and surrender your bet losing half of the amount wagered plus juice. So at -110 you would automatically lose 550 and the bet is surrendered. Would this be beneficial for the player, book, or both?? Thanks in advance for your input.
Well WSEX does it in all of their interactives, only the amount you can sell you bet back for varies depending on the score. You can sell your bet back at any time during the game during anInterractive. Check it out tonight.
It wouldn't be prudent to set a fixed surrender amount with indifference to what the score iwll be at halftime.
It wouldn't be prudent to set a fixed surrender amount with indifference to what the score iwll be at halftime.
CONEHEAD16 said:
The late (i.e. after the dealer checks for blackjack) surrender option in blackjack is worth about 0.07% to the player, depending upon the number of decks, and provided the player uses correct surrender stategy. Casinos offer it because 1) it does not reduce the house edge by much against knowledgeable players and 2) few people know the correct surrender stategy and give away far too much anyway.
CONEHEAD16 said:
Interesting concept. When I was in grad school we bet against each other all the time. When one team was up huge at halftime or in the 5th inning for example there was often a "buyout clause" offered. I remember taking it game 7 of the Pirates/Braves series with John Smiley on the mound for Pittsburgh I got down 4-0 and bought out a $50 for $30. I think your idea is a pretty good one.
CONEHEAD16 said:
You're comparing apples and oranges.
However the following example is maybe somewhat equivalent. You bet on an NFL team at -6.5. At the half they are ahead by 7 but their opponents get the ball first in the second half. You are offered surrender to take back half your bet.
JayC already pointed out that you can do this with interactives. If you watch enough examples you will see how it works.
