how to hedge a high-odds superbowl future?

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i got a grand on cincy to win the SB at 50-1

how do i hedge this fucker
 

hacheman@therx.com
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Depends how much you can afford per game Big M.

It would take them 4 wins to be Super Bowl Champions, so you just have to do the math on what you can risk per game.
 

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It much easier to hedge further down the line. They are going to be big underdogs in each game.
 
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if you wanted to get goofy you could play Houston in a teaser with the Falcons.

Houston +3
Falcons +9

then go with the NY Giants -3 for the middle if Houston covers the +3

All that said I think the Bengals get it done and head to New England in two weeks where the line will be New Eng -9/10 ish
 

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All depends on how much gamble you have in you...
 

schmuck
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since cinci is higher than 50-1 (closer to 100-1) at the present time, there is no way one can
profitably hedge a future at only 50-1. when you made your bet, you took such a bad
price that even though cinci overachieved and made the playoffs, you have no positive
equity in your present position. sorry to be so blunt, but the numbers don't lie.
 

J-Man Rx NFL Pick 4 Champion for 2005
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since cinci is higher than 50-1 (closer to 100-1) at the present time, there is no way one can
profitably hedge a future at only 50-1. when you made your bet, you took such a bad
price that even though cinci overachieved and made the playoffs, you have no positive
equity in your present position. sorry to be so blunt, but the numbers don't lie.
I agree as 80/1 is available right now at 5 Dimes. I saw 140/1 yesterday before the Bengals got into the playoffs.
 

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I have a cincy SB future 100 to win 6k.

I doubt if I hedge against Houston.

Hopefully Cincy wins, and then I can start looking at ways to hedge.
 

schmuck
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if one is going to bet a future with the intent of hedging, you better make sure you
are getting a good price. most vegas and offshore outlets are so afraid of
offering a fair price (because their risk to win ratio is so high) that they rarely
offer a reasonable price. the places that tend to offer the best value for future players
are betmaker (exchange), matchbook (exchange that doesn't take US players),
5dimes (tony is fair and has opinions in regards to futures), and occasionally
bookmaker and or sportsbook will offer a fair price on a few teams only.
other than that, if you are shopping for futures, you are usually getting much
the worst of it.
at most other
 

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damn i didn't even think to check the lines. obviously you can't really hedge this if the price is currently worse... way worse it looks like

will bump thread if cincy somehow beats NE
 

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