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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 12:58 am to NastyTiger
Double down Bro
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 6:31 am to TFS4E
quote:
then bet $3,450 on Burrow winning
Burrow is now 1:1 odds to win it
So he’d only win $3450 for a total of $6900
He’s better off cashing it out and not betting a damn thing or letting it ride.
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 7:51 am to baybeefeetz
quote:
He wanted to gamble, so he should gamble.
Joe Burrow will not fail.
I tend to agree with you, but the issue is not necessarily Burrow. You have a bevy of (sometimes ignorant) Heisman voters that could pass over the best candidate (see Peyton Manning).
Posted on 10/28/19 at 7:52 am to JudgeHolden
quote:
I hold six rsvps to the championship.
I have 2 lower reservations. I am already being offered twice what I paid. I can imagine after we beat Bama it will skyrocket.
Could be a head over heart decision in the works...
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 7:53 am to KC Tiger
You also have the probability of the media campaigning for somebody else at some point. They love to flip and flop on these things to catch eyeballs. Joe is their pick now, but at some point . . . they'll turn on him.
Posted on 10/28/19 at 8:02 am to Bestbank Tiger
quote:
Quit while you're ahead. Heisman is subjective and determined by voters, not players on the field.
This is the correct answer.
Posted on 10/28/19 at 8:03 am to lsusince60
I would ride it out at this point
Although Chase Young will get all the media love going forward
Although Chase Young will get all the media love going forward
Posted on 10/28/19 at 8:06 am to Manswers
I'm a gambler, not opposed to risk. I'd take the $3500 though. Jmo
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 8:13 am to Reasonable227
quote:
I'm a gambler, not opposed to risk. I'd take the $3500 though
Nobody ever went broke taking a little profit.
Posted on 10/28/19 at 8:20 am to stendulkar
He should list it on Propswap.
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