When to Hedge

Islander · Dec 28, 2006

I have about 1.9k out to win 41k at anywhere from 28 - 16/1 on Philadelphia to win SB and .1k to win 1k for NFC. Wrote this off a month ago and never figured out how much I had out until this week when they got into playoffs. Do I start hedging against them in first game of playoffs, now with some futures (which I assume may change a bit based on some outcomes Sunday). I am definately want to hedge at least to get 2k back somehow but would really appreciate advice. Thank you in advance.

SportSavant · Dec 28, 2006

we were discussing hedging here in this article yesterday, there were also some interesting articles pointed out..... hope it helps a bit:

http://forum.therx.com/showthread.php?t=440977

P.S: welcome to TheRX.com!!!!! :103631605

Woody0 · Dec 28, 2006

Today you can sell Philadelphia to win the SB at 4 cents on the $ at WSEX, which gives you $1640 for your $41K.

Even if you don't have an account at WSEX their long term interactive market gives a benchmark for the value of any futures you hold.

Islander · Jan 2, 2007

Thanks for replys gents. Won a future for 100 at +375 for Philly to win East and dumped 200 more on them to win SB so now at 2.1k to win 44k and .1k to win 1k NFC. Looks like wildcard game may be only opportunity to hedge at plus money unless with futures. Gimme some more thoughts mon.