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re: Sports Gambling
Posted on 9/16/19 at 3:22 pm to WildJoeBell
Posted on 9/16/19 at 3:22 pm to WildJoeBell
$1,600 on a $200 bet that France would win the World Cup at 8/1
I also once placed 3rd in my dads office March Madness bracket when I was 14 for like $750
I also once placed 3rd in my dads office March Madness bracket when I was 14 for like $750
This post was edited on 9/16/19 at 3:25 pm
1
Posted on 9/16/19 at 3:26 pm to I Bleed Garnet
That a hell of a march madness pool!
Posted on 9/16/19 at 3:28 pm to WildJoeBell
quote:
That a hell of a march madness pool!
I mean aren’t those what normal office pools do now?
Mine is always $75 a bracket and like 60-70 people join
Posted on 9/16/19 at 3:37 pm to hubertcumberdale
Fine, $50 to win $500 on Raptors winning the finals. December it will be 17:1 on Joe Burrow to win Heisman.
Posted on 9/16/19 at 3:38 pm to I Bleed Garnet
not sure. Where i work its tough to get interest in them so its like $10 a bracket.
Posted on 9/16/19 at 3:42 pm to WildJoeBell
quote:
Where i work its tough to get interest in them so its like $10 a bracket.
Oh that sucks
Posted on 9/16/19 at 3:48 pm to WildJoeBell
$700 on a live bet LSU/Auburn bball this past year. I was down $500 and didn't really have the $ so I did what any good degenerate would do and risked even more on a longshot when LSU was down early like 28-10. Put $200 at +350 and ended up cashing out $200 total. It completely saved me. Probably wouldn't have been able to pay it all for a month as I was still in school then.
Posted on 9/16/19 at 3:57 pm to TigerChief10
now thats a good rush right there
Posted on 9/16/19 at 3:59 pm to hubertcumberdale
It was insane. Especially the last minute when we were up like 8-9 but couldn't inbound the ball worth shite and they kept draining 3's. They almost came back in that minute.
Posted on 9/16/19 at 4:14 pm to wildtigercat93
quote:
The USC penn state rose bowl from a couple years ago cost me like 800 bucks bc I didn’t hedge after hitting the first 5 legs of a CFB bowl parlay.
I don’t gamble much, someone explain this please
Posted on 9/16/19 at 4:17 pm to Mr. Hangover
quote:
someone explain this please
i have a $100 bet on the patriots to win the super bowl at 10/1. so i will win $1000.
the super bowl is patriots vs cowboys (lets say in this scenario and even pick em). therefor i would bet $500 on the cowboys to give my self a guaranteed $500.
either the pats win and i collect my original $1000, less the $500 wagered on the cowboys.
or the cowboys win and i win $500 less my original $100 bet.
not perfect hedge $500 vs $400, but hopefully that makes sense.
Posted on 9/16/19 at 4:23 pm to WildJoeBell
$5.6k on a 4-way parlay. LSU over Wisconsin in 2014 was the game that clinched it.
Posted on 9/16/19 at 4:36 pm to Mr. Hangover
quote:
don’t gamble much, someone explain this please
In my parlay I need all 6 of my picks to go through to win, but they don’t all happen at the same time.
I hit my first 5 (ie legs) of the parlay. Now I just needed the Penn state game to go my way and I pay out the 700 bucks.
Now if before the game I decide to bet against the last leg of that parlay for a certain amount (usually half of what I would win), you are guaranteeing yourself to come home with some winnings. So if I bet 350 roughly on the opposite outcome, I would be guaranteed to win around 350 either way. Thus, hedging my bet and taking away the risk of me losing outright and going home with nothing (which is what happened)
Posted on 9/16/19 at 4:48 pm to Tigerbiscuits
quote:
Fine, $50 to win $500 on Raptors winning the finals. December it will be 17:1 on Joe Burrow to win Heisman.
LFG, missed the Joey B odds foooook
Posted on 9/16/19 at 4:59 pm to Mr. Hangover
quote:
I don’t gamble much, someone explain this please
Reducing the risk of your loss
This post was edited on 9/16/19 at 5:02 pm
Posted on 9/16/19 at 5:06 pm to I Bleed Garnet
quote:
Reducing the risk of your loss
In this case it can be thought of as locking in a profit, since the rest of the parlay hit, you can bet however much on the opposite side of your last parlay play and guarantee a profit, just reduces how much you would win if the parlay did hit
This post was edited on 9/16/19 at 5:06 pm
Posted on 9/16/19 at 5:06 pm to Winston Cup
Got it, thanks guys
Posted on 9/16/19 at 5:19 pm to WildJoeBell
$4750
Posted on 9/16/19 at 5:40 pm to hubertcumberdale
quote:
In this case it can be thought of as locking in a profit, since the rest of the parlay hit, you can bet however much on the opposite side of your last parlay play and guarantee a profit, just reduces how much you would win if the parlay did hit
Locking in a profit
Reducing risk of your loss
Basically the same thing
If you don’t hedge and lose you’re losing 100%
It’s also used in the finance world (Hedge funds)
Posted on 9/16/19 at 5:55 pm to oleyeller
What is your strategy?
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