thewhitesmith GOING FOR $25,000 IN STREAK SURVIVOR: NOTRE DAME -4.5

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Author: [College Basketball] Topic: thewhitesmith GOING FOR $25,000 IN STREAK SURVIVOR: NOTRE DAME -4.5
sparty444 PM sparty444
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quote#201
Posted: 3/22/2011 2:53:55 PM

Some factors that are not being discussed:

1. Taxes     If he wins the contest he is still required to pay Uncle Sam his share.  With this being factored the amoun7 comes down from the $12,500 that is being tossed around here.

2. He would have to lay juice on the wager... probably 10 cent juice meaning if he wagered $12,500 at a casino he would not get $12,500 back

3. If he didn't have the money to put up...how the hell could he expect to live on nothing until the check came for the contest win? It could take months for him to get that check

The bottom line is most of the people here don't see all of details of things. When you make a decision its important to know all the details and implications of your decision.

Personally I think the guy made the right decision based on the things I mentioned above. Yes he could have made profit...but only he knows all the details evolving his life...things are not always 1-2-3

nbafan88 PM nbafan88
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quote#202
Posted: 3/22/2011 3:43:37 PM
i think covers paid him off to choose ND
hawksfan10 PM hawksfan10
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quote#203
Posted: 3/22/2011 4:02:54 PM

There's a law saying he had to hedge exactly 50%? No? So why is the only discussion about not having $12K to hedge?

Not sure about everyone else here, but I'd be making damn sure I get at least a couple grand out of the deal.

Throw $2-3 Gs on FLA St, +5 or +5.5 and eat the juice with the possibility of middling out and winning both

 

 

minion0812 PM minion0812
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quote#204
Posted: 3/22/2011 4:37:35 PM
QUOTE Originally Posted by hawksfan10:

There's a law saying he had to hedge exactly 50%? No? So why is the only discussion about not having $12K to hedge?

Not sure about everyone else here, but I'd be making damn sure I get at least a couple grand out of the deal.

Throw $2-3 Gs on FLA St, +5 or +5.5 and eat the juice with the possibility of middling out and winning both

 

 



That cannot be more true! How do you not get a little piece of something? Don't understand it on a normal human common sense issue.

However, like I said before, his pick should never be questioned! Good for him and god bless him for hitting 20 in a row. That will never happen again. His picks were nails and he very rarely had to sweat many out. Best of luck in the future Whitey but damn man you should have come out with something!!
chuckdaduck PM chuckdaduck
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quote#205
Posted: 3/22/2011 4:51:57 PM
i wonder if the real stragety for something like this would be find a game on the covers streak survivor where the line is off a few points, or find a line in advance u think will move and then  when the line does move a few points hedge ur bet but maybe u get lucky hit it right on the number and hit both i guess that would be lke fairy tale stuff
bouncepete PM bouncepete
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quote#206
Posted: 3/25/2011 11:37:39 AM
hedging is the way to go!!!!!! You have nothing to lose and everything to gain!!!!!!!!!!!
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