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re: Guy could win $95K on $5 Sportsbook.com parlay if the Panthers cover tonight
Posted on 11/10/14 at 3:17 pm to Chad504boy
Posted on 11/10/14 at 3:17 pm to Chad504boy
Yes.
He could hedge any amount of it to guarantee money.
Betting Philly -7 for $40K would guarantee at least $39,995 in profit.
$39,995 if Philly covers, $51K if Carolina does.
He could hedge any amount of it to guarantee money.
Betting Philly -7 for $40K would guarantee at least $39,995 in profit.
$39,995 if Philly covers, $51K if Carolina does.
0
Posted on 11/10/14 at 3:17 pm to SprintFun
quote:
If panthers cover, he wins 95k - 40k for a winning of a guaranteed 45k
You sure about that?
Posted on 11/10/14 at 3:20 pm to Chad504boy
quote:
someone explain the hedging to me like i'm a dummy.
Aren't you reducing your max winnings probably just guaranteeing half?
It kind of depends what kind of person you are.
If you're risk averse, you definitely hedge. If you are risk neutral you hedge because you want to be guaranteed the most money.
If you're a risk taker, you let it ride and hope to maximize and don't hedge.
Even if he lets it ride, he should hedge a little. IT would be stupid not to.
Posted on 11/10/14 at 3:24 pm to Augustus
i may hedge 10k but thats it. In a risk taker and would be going for the big $$
Posted on 11/10/14 at 3:26 pm to tween the hedges
quote:
if he's smart and puts 40k on the Eagles
he played a 15 team parlay
how smart could he possibly be?
Posted on 11/10/14 at 3:27 pm to Croacka
quote:Smart enough to get 14 games right.
how smart could he possibly be?
Posted on 11/10/14 at 3:32 pm to boom roasted
I think that I would also hedge with $20k. Hope that cam Newton does not suck again.
Posted on 11/10/14 at 3:33 pm to Oxford
quote:
I hit a $50 7 team baseball parlay this summer that paid 80-1
Nice......I had a 5 team money line parlay in College Football earlier this year that would have paid 95-1. I had Kansas St over Oklahoma, West Virginia over Baylor, Maryland over Iowa, Syracuse over Wake Forest.....the game that screwed me was Cal over UCLA. I ended up hedging a little live, but that would have been nice had I taken the whole enchilada.
Posted on 11/10/14 at 3:34 pm to cjared036
quote:Might as well ask the sun to stop shining.
Hope that cam Newton does not suck again.
Posted on 11/10/14 at 3:37 pm to boom roasted
Why not put 56K on Philly on ML?
Eagles win by 1-6 points, you clean up. You cannot lose, your winning i believe at least 20K, even if you only hit ML bet.
eagles win by 6 and u hit parlay and Eagles ML bet
Eagles win by 1-6 points, you clean up. You cannot lose, your winning i believe at least 20K, even if you only hit ML bet.
eagles win by 6 and u hit parlay and Eagles ML bet
Posted on 11/10/14 at 3:48 pm to stlslick
Now that i think about it, betting Philly -7 is a stupid play
You bet 56K on Philly on ML, and your guaranteed a nice payoff, with chance for cleaning up on both bets.
You bet 56K on Philly on ML, and your guaranteed a nice payoff, with chance for cleaning up on both bets.
Posted on 11/10/14 at 3:50 pm to Augustus
quote:
Panthers +7 tonight
He lost.
Posted on 11/10/14 at 3:50 pm to boom roasted
The thing where he may get screwed is it would probably take 10+ years to get his money out of the sportsbook account if he wins. They won't let you just withdraw 95k. I know 5dimes has a limit that you can only take out something like 7k per year.
Stahp you have no idea how to hedge or what you're talking about.
quote:
You bet 56K on Philly on ML, and your guaranteed a nice payoff, with chance for cleaning up on both bets.
Stahp you have no idea how to hedge or what you're talking about.
This post was edited on 11/10/14 at 3:52 pm
Posted on 11/10/14 at 4:03 pm to stlslick
quote:
Now that i think about it, betting Philly -7 is a stupid play
You bet 56K on Philly on ML, and your guaranteed a nice payoff, with chance for cleaning up on both bets.
The frick?
You are really stupid.
Posted on 11/10/14 at 4:06 pm to Augustus
So he can get a $95K payoff on a bet with true odds of $5 X 2^15 = $163,840. I can see why the casino would take that bet all day long.
Posted on 11/10/14 at 4:20 pm to Teddy Ruxpin
quote:
Isn't this when you hedge?
most definetely i would put 20K on Eagles
either hes going to win 20K or 75K
Posted on 11/10/14 at 4:40 pm to Oxford
quote:
The only people I know of who put $5 on a 15 teamer are freshmen in college who just started gambling looking to make it big
yep
guarantee this guy doesnt have any kind of cash for a significant hedge
Posted on 11/10/14 at 4:41 pm to GynoSandberg
quote:
guarantee this guy doesnt have any kind of cash for a significant hedge
It wouldn't be that hard to get a loan or sell the ticket
Posted on 11/10/14 at 4:58 pm to lsu480
Isn't there a risk that the sports book can't pay? If so, wouldn't getting a loan be a bad idea because you couldn't repay it?!
Posted on 11/10/14 at 5:02 pm to Augustus
I really hope as the Ole Miss poster mentioned, that this isn't some fundless and/or newbie college bettor as the bet size possibly implies.
If so, I sure hope as the 14th win went final, he was scrambling to whatever friends, family, and/or reach out to whatever BMs he knows to make moves for him, for small 2 to 5 percent commission if need be.
He's free-rolling, and though The Greek still quoting Philly -300 Moneyline, the rest of LV and Offshore around -330, thus gotta lay 10K-ish for every 3 Dimes he wants to hedge.
If he has connections, he could lay Philly -330 ML for 66000 to win 20K Eagles ML or 49,500 to win 15K, and pray for the middle. Or also if with those with the right bankrolls, wait for Halftime, or play In-Game(he/she especially hoping for early Caro 7-0 lead and maybe getting Phi Pick-Em -110)..
Sure hope he has secured Hedge and/or Line-of-Credit avenues to make the right moves..
If so, he/she could be making out with 115K or more tonight.
If so, I sure hope as the 14th win went final, he was scrambling to whatever friends, family, and/or reach out to whatever BMs he knows to make moves for him, for small 2 to 5 percent commission if need be.
He's free-rolling, and though The Greek still quoting Philly -300 Moneyline, the rest of LV and Offshore around -330, thus gotta lay 10K-ish for every 3 Dimes he wants to hedge.
If he has connections, he could lay Philly -330 ML for 66000 to win 20K Eagles ML or 49,500 to win 15K, and pray for the middle. Or also if with those with the right bankrolls, wait for Halftime, or play In-Game(he/she especially hoping for early Caro 7-0 lead and maybe getting Phi Pick-Em -110)..
Sure hope he has secured Hedge and/or Line-of-Credit avenues to make the right moves..
If so, he/she could be making out with 115K or more tonight.
This post was edited on 11/10/14 at 7:06 pm
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