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Posted by
Message
Hedging your bet
Posted by mcspufftiger7 on 11/21/22 at 2:34 pm
31
0So a lot of you are in the same spot as me. $100 original bet. If LSU beats GA I win $6100. How many of you will hedge that bet and put money on GA also? I have heard differing views from a couple of people. If I put $1000 on Ga then if LSU wins I net $5100. 1f LSU loses I net $900. Win/Win.
re: Hedging your betPosted by mmcgrath 
on 11/21/22 at 2:38 pm to mcspufftiger7
on 11/21/22 at 2:38 pm to mcspufftiger7quote:Don't see how you get even odds betting on Georgia.
If I put $1000 on Ga then if LSU wins I net $5100
re: Hedging your betPosted by nobigdeal69 on 11/21/22 at 2:45 pm to mcspufftiger7
on 11/21/22 at 2:45 pm to mcspufftiger7You're going to have to bet GA Moneyline, which will probably be around -700. This is a really tough spot to be in. Personally, I would just let this one ride and hope for an LSU win.
If you put money on GA -15 (-110), you could be in for a really painful evening.
If you put money on GA -15 (-110), you could be in for a really painful evening.
re: Hedging your betPosted by LSUfan4444 on 11/21/22 at 2:48 pm to mcspufftiger7
on 11/21/22 at 2:48 pm to mcspufftiger7UGA is -770 to win the SEC
If you put $1k on UGA and they win, you clean $30
Whats the cashout offer?
If you put $1k on UGA and they win, you clean $30
Whats the cashout offer?
This post was edited on 11/21 at 2:49 pm
re: Hedging your betPosted by rwestmore7 on 11/21/22 at 2:59 pm to LSUfan4444
on 11/21/22 at 2:59 pm to LSUfan4444I 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.
) 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.
re: Hedging your betPosted by ChaseMac on 11/21/22 at 3:08 pm to mcspufftiger7
Your best bet is to bet Georgia ML live at a better price than the -700
re: Hedging your betPosted by gizmoflak 
on 11/21/22 at 3:48 pm to mcspufftiger7
on 11/21/22 at 3:48 pm to mcspufftiger7If 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)
(I'm assuming your original bet is LSU SEC champs at +6000)
re: Hedging your betPosted by Gings5 
on 11/21/22 at 4:02 pm to mcspufftiger7
on 11/21/22 at 4:02 pm to mcspufftiger7Use a hedge calculator.
I would just let it ride though.
I would just let it ride though.
re: Hedging your betPosted by uptowntiger84 on 11/21/22 at 4:07 pm to mcspufftiger7
on 11/21/22 at 4:07 pm to mcspufftiger7That'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.
re: Hedging your betPosted by Art Vandelay 
on 11/21/22 at 4:20 pm to uptowntiger84
on 11/21/22 at 4:20 pm to uptowntiger84quote:
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.
Correct. And at that point is it worth it?
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re: Hedging your betPosted by KC Tiger on 11/21/22 at 4:43 pm to mcspufftiger7
on 11/21/22 at 4:43 pm to mcspufftiger7There 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.
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.
This post was edited on 11/21 at 4:44 pm
re: Hedging your betPosted by LSUfan4444 on 11/21/22 at 4:57 pm to KC Tiger
on 11/21/22 at 4:57 pm to KC Tigerquote:
My guess is the money line for Georgia will be around -650.
It’s > -700 everywhere I have seen
To hedge and still bank something significant he’d have to throw up a much larger stake than $1000
re: Hedging your betPosted by dmatt2021 on 11/21/22 at 5:03 pm to mcspufftiger7
on 11/21/22 at 5:03 pm to mcspufftiger7Instead of worrying about hedging your bet just drop $500 on LSU money line and add to your winnings. #alignment
re: Hedging your betPosted by The Boat 
on 11/21/22 at 6:40 pm to LSUfan4444
on 11/21/22 at 6:40 pm to LSUfan4444quote:
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.
re: Hedging your betPosted by wildtigercat93 on 11/21/22 at 7:29 pm to KC Tiger
quote:
There is no way a $100 bet on the money line will net you $6100 (it would closer to $500). Perhaps I'm misunderstanding what you mean by "original bet".
I believe he has a futures bet for LSU as SEC champs, likely grabbed earlier in the season at very high odds
re: Hedging your betPosted by jkylejohnson 
on 11/21/22 at 7:40 pm to mcspufftiger7
on 11/21/22 at 7:40 pm to mcspufftiger7I’d throw 3500$ 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.
re: Hedging your betPosted by CubsFanBudMan 
on 11/21/22 at 7:46 pm to mcspufftiger7
on 11/21/22 at 7:46 pm to mcspufftiger7I put $10 at plus 8000, so if LSU wins the payout is $810. My current cash out offer is $52.21. I looking it yesterday, and a new bet would take about $125 to payout $810.
If I put $400 on uga at -700, they payout would be $457.14, which would be a net gain of $5 over just cashing out now, but it would cut my winnings down by half if LSU wins.
If I put $400 on uga at -700, they payout would be $457.14, which would be a net gain of $5 over just cashing out now, but it would cut my winnings down by half if LSU wins.
re: Hedging your betPosted by ATLsuTiger on 11/21/22 at 8:48 pm to mcspufftiger7
on 11/21/22 at 8:48 pm to mcspufftiger7I 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.
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.
re: Hedging your betPosted by BigDaddy5151 on 11/21/22 at 8:55 pm to mcspufftiger7
on 11/21/22 at 8:55 pm to mcspufftiger7Bet LSU
I HAVE $150 AT 100-1 and thought about the same question
SO TAKE THE POINTS
Lsu loses but covers your happy.
Lsu wins and covers your really happy
I HAVE $150 AT 100-1 and thought about the same question
SO TAKE THE POINTS
Lsu loses but covers your happy.
Lsu wins and covers your really happy
re: Hedging your betPosted by mcspufftiger7 on 11/21/22 at 10:15 pm to Gings5
Understand now. Better off letting it ride.
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