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07-07-2008, 06:16 PM
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#1 (permalink) |
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SBR MVP
Join Date: 02-24-08
Location: Yanks
Posts: 3,659
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Question about scalps...
Alright so betting to sides and whichever side wins is known as a scalp. But whats it called when you bet on both sides and if team A wins you break even and if team B wins you win X amount. Are there specific terms or names for these two diffrent ways?
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07-08-2008, 02:50 AM
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#2 (permalink) | |
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Moderator
Join Date: 08-28-05
Location: Forest Hills, NY, Home of the Blitzkrieg Bop
Posts: 4,801
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Quote:
Really, what you've described is just a linear combination of a scalp and a position bet. So if you were to win $X in the event of a victory by Team A and breakeven in the event of a Team A loss, then you've in essence scalped Teams A and its opponent, and have an additional position over and above that scalp on Team A. There are obviously many economically equivalent ways to look at it.
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