Buy low, sell high. Sometimes they go higher after you sell.Nothing wrong with a good hedge. Like options in the stock market protect yourself on the downside.
That's a reasonable approach, except we've been blowing everyone out. If you were to hedge, I would have just done it on the moneyline.I had a $100 that paid $3,100. I hedged $1,000 and took the 7.5 points on SDSU. Could have won both if UConn won by 1-7.
Best $4,000
Actual $2,000
Worst $990
Had a similar bet that paid $2300 on a 70-1 bet last October….buddy holding ticket for me in Las Vegas and will be cashing in tomorrow and sending me a check…now the big question before I cash in….will I receive the full $2300? Reading tax articles about some casinos withholding tax on certain payouts but don’t think this payout falls under that category as article indicated bet had to be 300-1 or greater.I had a $100 that paid $3,100. I hedged $1,000 and took the 7.5 points on SDSU. Could have won both if UConn won by 1-7.
Best $4,000
Actual $2,000
Worst $990