40/1 odds

[LawyerLarry]

Originally Posted by HeadCockFan

250 seems like a good bet. You'd be pissed if we came up a few runs short though.

I figure 250 is what I could lose and not be too worried about it. I originally considered 500, but changed my mind because I WOULD be pissed if I lost that.

[markp_vip]

Originally Posted by DJCatfish

Ah, I'm with you except for hedging with a bet against the spread. Seems like he would take the moneyline for FSU (size determined based in the odds) and guarantee a win.

Yeah it would just be a matter of how much coin he could get together to place the bet. I think the money line was -330 for FSU so he would need a significant chunk of change to get a good return, but no risk. Obviously he would have to be an idiot to hedge with the spread, just saying would have been funny as s**t if he did and ended up losing twice. We are talking about an Auburn fan so anything is possible.

[2four2Gamecock]

Originally Posted by markp_vip

He made a prop bet at beginning of season for Auburn to win National Championship. In order to hedge he would have had to place a large game bet on FSU to win. FSU didn't cover, hence had he hedged he would have lost both bets.

That isn't a hedge, he would have had to ML it to hedge it.

[2four2Gamecock]

I see 50/1. look around a little before you place it

[markp_vip]

Originally Posted by 2four2Gamecock

That isn't a hedge, he would have had to ML it to hedge it.

Damn ya'll are nitpicky today, but I guess I'll play along. By strict definition, “to hedge” means to reduce one’s risk of loss (a bet or speculation) by compensating transactions on the other side. Placing money on the spread would still be hedge just not a very good one, because you are reducing the risk of loss. A money line bet would eliminate the risk of loss, but of course that would require the money up front to place the money line bet. In this case he probablly would have needed about $77,000 to guarantee a win of about $23,000.

[greatwhitecock]

Originally Posted by 2four2Gamecock

I see 50/1. look around a little before you place it

What site was that if you don't mind? I'll wager a couple hundred on that to make it interesting!