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re: Hedging your bet

Posted on 11/21/22 at 2:48 pm to
Posted by LSUfan4444
Member since Mar 2004
54845 posts
Posted on 11/21/22 at 2:48 pm to
UGA is -770 to win the SEC

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

Whats the cashout offer?
This post was edited on 11/21/22 at 2:49 pm
Posted by rwestmore7
Walker, LA
Member since Nov 2007
628 posts
Posted on 11/21/22 at 2:59 pm to
I have one that I put $5 on to win $500 (kicking myself for not betting more )

The cashout amount is basically if you hedge the whole bet, so when last weeks odds came out it was like $70, which is what I would win if I put $500 on GA.
Posted by The Boat
Member since Oct 2008
166630 posts
Posted on 11/21/22 at 6:40 pm to
quote:

Whats the cashout offer?

Probably very low because they don’t think LSU is going to beat Georgia. Which is the whole point of the bet.
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