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11-24-2008, 04:18 PM
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#1 | ||||
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Hedging for 5x Rollover Cash???
I just posted in the BTP area but realized this might be a question for the Think Tank.
Should I hedge for a BTP payout tonight (I realize I prolly will not get an answer tonight)? A prick loss will net me about $170 in 5x rollover cash and of course all I have to hedge with is real cash. Assuming I am a 50/50 bettor should I wager "real money" to secure gain of real money or "5x money?" What calculations must I do to explore this? Any explanation in lay speak would be appreciated! |
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11-24-2008, 04:39 PM
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#2 | ||||
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You need to ask yourself what the value of $170 in 5x rollover cash is to you.
If you're going to be placing many very small bets at or around 4.55% vig with the intention of "playing it safely" then it's going to be worth around $131.
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11-24-2008, 04:43 PM
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#3 | ||||
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Yay. Before I saw this, I found your post from '05 about rollovers and got $131.325... What other determinations do I need to make?
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11-24-2008, 04:48 PM
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#4 | ||||
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Perhaps the biggest issue is the extent to which the ~$131 is meaningful to your bankroll.
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11-26-2008, 10:43 PM
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#5 | ||||
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The correct answer is probably 131 doesn't mean anything
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I support gay marriage because I think gay people have the right to be just as miserable as straight people. |
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