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Hedging a bet - NFL survivor

Posted on 9/22/15 at 1:06 pm
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 9/22/15 at 1:06 pm
how would you hedge a bet in an NFL survivor pool?

Two weeks in and just two players left. myself included.
We both played the exact same teams the first two weeks, so we have the same teams available. I will not know till his pick plays this week if we have the same pick again.

I cant wrap my head around betting very well much less hedging.

any help is appreciated.
Posted by tigerNation09
New Orleans PELICANS Fan
Member since Nov 2008
12977 posts
Posted on 9/22/15 at 1:07 pm to
How much is the prize
Posted by KosmoCramer
Member since Dec 2007
80761 posts
Posted on 9/22/15 at 1:08 pm to
Will you know after it locks but before the games start?
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 9/22/15 at 1:08 pm to
right at 800.


eta: winner take all
This post was edited on 9/22/15 at 1:09 pm
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
76218 posts
Posted on 9/22/15 at 1:09 pm to
Hey Geenus, which teams have you already used?
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 9/22/15 at 1:10 pm to
quote:

Will you know after it locks but before the games start?


its ESPN league. i cant see the setting you are talking about. i bet it is at kickoff like fantasy football.

I see where you are going with that.
Posted by BigPerm30
Member since Aug 2011
32446 posts
Posted on 9/22/15 at 1:11 pm to
Ask him what game he is picking. Tell him what game you are picking. You both can keep hedging your bet and win some money.
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
104485 posts
Posted on 9/22/15 at 1:11 pm to
quote:

I cant wrap my head around betting very well much less hedging.


Whoever you are picking in your survivor pool, but a little bit against them otherwise.

How much did you put in? That's the real question... you want to hedge your bet so that if you lose in the survivor pool, but win your hedge bet, you still come out ahead.

Bonus if you can make a hedge bet on a team getting points, then there's a possibility your hedge bet will cover the points and win, while your survivor pick wins the game and you advance.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 9/22/15 at 1:12 pm to
Wk 1 Dolphins
Wk 2 Steelers
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 9/22/15 at 1:12 pm to
Just split the pot with the other contestant. Would result in the same outcome as the hedge.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17615 posts
Posted on 9/22/15 at 1:12 pm to
it aint much. $25 per entry.
Posted by LSUBoo
Knoxville, TN
Member since Mar 2006
104485 posts
Posted on 9/22/15 at 1:15 pm to
quote:

it aint much. $25 per entry.


A) Offer to split the pot with the other person. If they accept, take your $400 and move on with life.

or Offer to take $200 each guaranteed and play it out for the remaining $400.


If they don't want to, it's not hard to hedge a bet in this scenario.
Posted by Ric Flair
Charlotte
Member since Oct 2005
13879 posts
Posted on 9/22/15 at 1:22 pm to
The problem with hedging is that there are so many good teams left, you might both pick right the next 5 weeks. Doesn't make sense to hedge like that. I would split it 300 each, and keep playing for the extra 200
Posted by TechDawg2007
Bawville
Member since Nov 2007
32642 posts
Posted on 9/22/15 at 1:24 pm to
quote:

I would split it 300 each, and keep playing for the extra 200
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