Hedging your bet

quote:

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If I put $1000 on Ga then if LSU wins I net $5100

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Don't see how you get even odds betting on Georgia.

UGA is -770 to win the SEC

If you put $1k on UGA and they win, you clean $30

Whats the cashout offer?

If you bet $5,337.50 on UGA money line at -700, then you lock in a profit of $662.50 regardless of the outcome

(I'm assuming your original bet is LSU SEC champs at +6000)

That's not how it works. The money line with Georgia being favored by 15 or so will be somewhere around -700. So you could risk $3500 to win $500 if Georgia wins minus $100 you bet on LSU so profit would be $400 if Georgia wins.

There is no way a $100 bet on the money line will net you $6100 (it would closer to $500). Perhaps I'm misunderstanding what you mean by "original bet".

Additionally, a $1000 bet on Georgia would likely net you $100. My guess is the money line for Georgia will be around -650.

Again, maybe I'm misunderstanding the bets you have made and are anticipating making.

I’d throw 3500$ or so on UGA. Win 2600$ of 500$. I could live with either of those. I’m a hedging mf’er though when I can guarantee some profit. Georgia is a heavy favorite and it’s essentially a home game for them. Give yourself a consolation prize if the tigers can’t pull it off.

I would only consider two options:

Option 1- Let it ride.

Option 2- Buy a couple points and throw down big on LSU +17 to win even more money if LSU gets the dub. If they lose, I still at least give myself a MAJOR sweat to profit nicely by covering the +17.

Put 500 on LSU+15.

GA wins by 14, you still net around +350 total. LSU wins, you gain +6500 total.

GA wins by 15+, you're out $600 total.