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One Bettor's Dilemma Holding a Valuable Heisman Wager on Joe Burrow
Posted on 10/28/19 at 12:50 am
Posted on 10/28/19 at 12:50 am
quote:
Matt Porter feels like he’s trapped inside some corny game show with a host staring him down, a live audience hanging on his decision, bright lights shining in his face. Take the money now or risk losing it for double! Porter, a 41-year-old originally from Illinois, is in a real-life gambling game show. In June, he placed a $50 bet that LSU quarterback Joe Burrow would win the Heisman Trophy. Given Burrow’s relative unfamiliarity and LSU’s long-standing offensive ineptitude, he got the odds at a cool 200 to 1. About four months later, Porter is in line to win $10,000 if the current betting favorite takes home the Heisman Trophy, but he’s got a decision to make.
This week, his gambling outfit offered him $3,865.38 to cash out his bet. It has since dropped to $3,500. Take the money and run? Or let it ride for a potential bigger check? “I feel like I’m playing 'Deal or No Deal' or 'Let’s Make a Deal,'” he laughs during an interview this week from his home in Fort Lauderdale, Florida.
LINK
WWYD?
19
Posted on 10/28/19 at 12:53 am to stendulkar
He wanted to gamble, so he should gamble.
Joe Burrow will not fail.
Joe Burrow will not fail.
Posted on 10/28/19 at 12:54 am to stendulkar
Uh, keep my money stacked up on #9.
Posted on 10/28/19 at 5:57 am to stendulkar
Cash out the $3,500 and then bet $3,450 on Burrow winning. Now you're playing with house money. 
Posted on 10/28/19 at 6:45 am to stendulkar
quote:
WWYD?
I already spent my $50. I would let it ride. I'm getting what I paid for - a chance at $10k.
Posted on 10/28/19 at 7:25 am to stendulkar
Let it ride.
Posted on 10/28/19 at 7:34 am to stendulkar
Related question:
I hold six rsvps to the championship. They are redeemable only if LSU plays in the final game.
When LSU makes the playoff, I will be able to sell them for enough to take an all paid trip to the semi. If LSU loses the semi, my rsvps are worthless.
So do I bank the semifinal or bet on the championship?
(I’ve already decided it will be the ‘Ship, but I thought about it. I never bet against LSU.$
I hold six rsvps to the championship. They are redeemable only if LSU plays in the final game.
When LSU makes the playoff, I will be able to sell them for enough to take an all paid trip to the semi. If LSU loses the semi, my rsvps are worthless.
So do I bank the semifinal or bet on the championship?
(I’ve already decided it will be the ‘Ship, but I thought about it. I never bet against LSU.$
Posted on 10/28/19 at 7:47 am to stendulkar
quote:
It has since dropped to $3,500.
The house steady trolling
Posted on 10/28/19 at 7:52 am to stendulkar
Quit while you're ahead. Heisman is subjective and determined by voters, not players on the field.
Posted on 10/28/19 at 8:12 am to stendulkar
It’s just 50 bucks.... let it ride.... 
Posted on 10/28/19 at 8:20 am to stendulkar
He should list it on Propswap.
Posted on 10/28/19 at 8:22 am to stendulkar
If Burrow doesn’t melt in the Bama game he has Arky Aggie and the Rebels. Those defenses are Swiss cheese. The numbers will be there
Posted on 10/28/19 at 8:56 am to stendulkar
It's only $50. Let it ride.
Posted on 10/28/19 at 9:25 am to stendulkar
I’ve got 50 to win 5k but it’s an offshore book, so there is no buy back
I have no choice but to let it ride
I have no choice but to let it ride
Posted on 10/28/19 at 9:26 am to stendulkar
He should make his decision before next weekend. It could plummet
Posted on 10/28/19 at 9:27 am to stendulkar
quote:
This week, his gambling outfit offered him $3,865.38 to cash out his bet.
You take that and fricking run.
Posted on 10/28/19 at 9:42 am to stendulkar
Pigs get fat, hogs get slaughtered......take the effin money and don't look back
Posted on 10/28/19 at 9:46 am to stendulkar
If he's line to win $10,000, and odds are 1:1, no don't take it. It would take a $5000 bet to win $10,000 now so their offer should be closer to $5000. Also the whole point of gambling is risk taking so why back out now? When he placed the bet was he thinking "I hope Burrow tears it up early so they offer me a ticket out of the bet?" I doubt it.
Posted on 10/28/19 at 11:22 am to stendulkar
I’d definitely let it ride. $3500 doesn’t really move the needle for me like $10k would, and if anything, it’s MORE of a sure thing that Burrow wins it.
Even if we lose to Bama, it won’t be because Burrow couldn’t get it done.
Even if we lose to Bama, it won’t be because Burrow couldn’t get it done.
Posted on 7/16/20 at 1:33 am to stendulkar
Wonder what Matt Porter end up doing? Hopefull he held on and won the $10K.
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