Posted:
#201
that should say where are you gonna find 30 to 1 on any of the top playoff teams
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Cavs Championship futures ticketholders?Save yourself the grief and put those babies in the shredder
Posted:
#203
Quote Originally Posted by scalabrine:
How did they beat the market? Do you know what an unrealized gain is?
Until you sell a stock you get this much for your 30-1 stock : $0.
Longer you wait? Tougher it gets to buy out and Rangerz noted that you could buy out right now with a profit.
There isn't a single person in the entire world buying out now and won't be in the near future, if at all.
LOL hilarious thread- I can't tell if you were joking or genuinely struggled to understand simple economic concepts.
Sure, technically your profit is still $0 at this point but you were just dead wrong saying no one would buy into your ticket. People would line up and start trampling each other to get a piece of a 30/1 Cavs ticket. The fact you were seriously doubting that is comical.
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Posted:
#208
regardless of the cavs chances now or at any point in the past,wat wud be the point in ripping up a potential winner??...like i said earlier,wud anyone rip up a lottery ticket they just bought??...and obviously your chances of hitting that are far,far slimmer than that of a sports team doing sumthing remarkable(or not so remarkable even)....the main premise being that almost anything is possible in sports,regardless of our own appraisal(or the books for that matter)of the odds/chances.
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Posted:
#210
A
Melos, the bet will not win. That is the point along with the point of effective hedging not being possible for a low scale bettor who bet $100 on this and will most certainly let it ride. So when it doesn't I will thank the idiots that are confident in this bet.
It's a figure of speech. You're smarter than taking a thread title and not reading the thread, in which I've spoken to this dozens of times.
And I IMPLORE anyone who hedged out of their bet on the Cavs to post it here. If you did you hedged out down 2-1 when the Cavs were plus money and are down money at the moment. More rocky road to come.
But the reality is no one hedged out and they will let their ticket ride because low level bettors don't look for returns on investment (and likely don't even have the bankroll to cover hedges like this) and in the end they will get what I said at the start: $0.
Rangerz has said the entire thread that it's a great hedge. Well I've told him endlessly...just like bankroll discipline and the average bettor (on the whole it doesn't exist) these bettors will let their tickets ride and it the Cavs don't win it all, they get nothing...which means the bet is like any other...a loser.
Anyone who's watched the Cavs of late and is brimming with confidence they'll win it all is quite remarkable.
Quote Originally Posted by melossinglet:
regardless of the cavs chances now or at any point in the past,wat wud be the point in ripping up a potential winner??...like i said earlier,wud anyone rip up a lottery ticket they just bought??...and obviously your chances of hitting that are far,far slimmer than that of a sports team doing sumthing remarkable(or not so remarkable even)....the main premise being that almost anything is possible in sports,regardless of our own appraisal(or the books for that matter)of the odds/chances.
regardless of the cavs chances now or at any point in the past,wat wud be the point in ripping up a potential winner??...like i said earlier,wud anyone rip up a lottery ticket they just bought??...and obviously your chances of hitting that are far,far slimmer than that of a sports team doing sumthing remarkable(or not so remarkable even)....the main premise being that almost anything is possible in sports,regardless of our own appraisal(or the books for that matter)of the odds/chances.
Melos, the bet will not win. That is the point along with the point of effective hedging not being possible for a low scale bettor who bet $100 on this and will most certainly let it ride. So when it doesn't I will thank the idiots that are confident in this bet.
It's a figure of speech. You're smarter than taking a thread title and not reading the thread, in which I've spoken to this dozens of times.
And I IMPLORE anyone who hedged out of their bet on the Cavs to post it here. If you did you hedged out down 2-1 when the Cavs were plus money and are down money at the moment. More rocky road to come.
But the reality is no one hedged out and they will let their ticket ride because low level bettors don't look for returns on investment (and likely don't even have the bankroll to cover hedges like this) and in the end they will get what I said at the start: $0.
Rangerz has said the entire thread that it's a great hedge. Well I've told him endlessly...just like bankroll discipline and the average bettor (on the whole it doesn't exist) these bettors will let their tickets ride and it the Cavs don't win it all, they get nothing...which means the bet is like any other...a loser.
Anyone who's watched the Cavs of late and is brimming with confidence they'll win it all is quite remarkable.
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Posted:
#213
Quote Originally Posted by NBANFLFAN5:
Quote Originally Posted by scalabrine:
Melos, the bet will not win. That is the point along with the point of effective hedging not being possible for a low scale bettor who bet $100 on this and will most certainly let it ride. So when it doesn't I will thank the idiots that are confident in this bet.It's a figure of speech. You're smarter than taking a thread title and not reading the thread, in which I've spoken to this dozens of times.And I IMPLORE anyone who hedged out of their bet on the Cavs to post it here. If you did you hedged out down 2-1 when the Cavs were plus money and are down money at the moment. More rocky road to come.But the reality is no one hedged out and they will let their ticket ride because low level bettors don't look for returns on investment (and likely don't even have the bankroll to cover hedges like this) and in the end they will get what I said at the start: $0.Rangerz has said the entire thread that it's a great hedge. Well I've told him endlessly...just like bankroll discipline and the average bettor (on the whole it doesn't exist) these bettors will let their tickets ride and it the Cavs don't win it all, they get nothing...which means the bet is like any other...a loser.Anyone who's watched the Cavs of late and is brimming with confidence they'll win it all is quite remarkable.
I probably know the Cavs/Lebron better than almost everyone here at Covers. You think I don't have an edge here?Melos, the bet will not win. That is the point along with the point of effective hedging not being possible for a low scale bettor who bet $100 on this and will most certainly let it ride. So when it doesn't I will thank the idiots that are confident in this bet.It's a figure of speech. You're smarter than taking a thread title and not reading the thread, in which I've spoken to this dozens of times.And I IMPLORE anyone who hedged out of their bet on the Cavs to post it here. If you did you hedged out down 2-1 when the Cavs were plus money and are down money at the moment. More rocky road to come.But the reality is no one hedged out and they will let their ticket ride because low level bettors don't look for returns on investment (and likely don't even have the bankroll to cover hedges like this) and in the end they will get what I said at the start: $0.Rangerz has said the entire thread that it's a great hedge. Well I've told him endlessly...just like bankroll discipline and the average bettor (on the whole it doesn't exist) these bettors will let their tickets ride and it the Cavs don't win it all, they get nothing...which means the bet is like any other...a loser.Anyone who's watched the Cavs of late and is brimming with confidence they'll win it all is quite remarkable.
An edge where? You have a 30-1 ticket? Did you hedge out?
Anyhow, do people think I thought a team with Lebron and love and kyrie couldn't make the playoffs? Or win a round or two? Or even make the finals?
They won't win it all. And the points therein are explained throughly. What an embarrassment some of these posters are treating this like its a losing thread in round 2.
Guys, read.
Try to better yourselves and current mindset, please. To post a moose? Lol. What have I lost? How have I been proven wrong?
Demand more of yourselves. Your reading comprehension is embarrassing.
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Posted:
#215
Quote Originally Posted by DannerB7:
This ticket is 100% legit..... LOVED that cavs win over the bulls. I will hedge a bit next series and take wiz or hawks to win series for $1000-2000
This ticket is 100% legit..... LOVED that cavs win over the bulls. I will hedge a bit next series and take wiz or hawks to win series for $1000-2000
| Jul 07 02:14 PM by: INTERNET | 81283595 | TNT | ODDS TO WIN 2014-2015 NBA CHAMPIONSHIP [999157] CAVALIERS +2800 | 400/11200 |
Wow, I'm jealous nice foresight sir
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Posted:
#216
Fist of freedom -
I made this bet when Lebron started to take his time "deciding" if he was going to resign with the Heat or not. ESPN showed a segment on First Take or something with moving trucks at his house before he had made a decision. I logged onto my account saw it was 30-1, bounced the idea off a few buddies and decided to fire. When I logged back on it was already down to 28-1 and it was then I knew it could be a good bet. 2 days later it was official he was going to cleveland, now here we are.
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Posted:
#217
Quote Originally Posted by scalabrine:
I probably know the Cavs/Lebron better than almost everyone here at Covers. You think I don't have an edge here?
An edge where? You have a 30-1 ticket? Did you hedge out?
Anyhow, do people think I thought a team with Lebron and love and kyrie couldn't make the playoffs? Or win a round or two? Or even make the finals?
They won't win it all. And the points therein are explained throughly. What an embarrassment some of these posters are treating this like its a losing thread in round 2.
Guys, read.
Try to better yourselves and current mindset, please. To post a moose? Lol. What have I lost? How have I been proven wrong?
Demand more of yourselves. Your reading comprehension is embarrassing.
I probably know the Cavs/Lebron better than almost everyone here at Covers. You think I don't have an edge here?
An edge where? You have a 30-1 ticket? Did you hedge out?
Anyhow, do people think I thought a team with Lebron and love and kyrie couldn't make the playoffs? Or win a round or two? Or even make the finals?
They won't win it all. And the points therein are explained throughly. What an embarrassment some of these posters are treating this like its a losing thread in round 2.
Guys, read.
Try to better yourselves and current mindset, please. To post a moose? Lol. What have I lost? How have I been proven wrong?
Demand more of yourselves. Your reading comprehension is embarrassing.
You know the Knicks better than everyone too, how'd that Over 40.5 work out for you?
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Posted:
#221
Quote Originally Posted by DannerB7:
This ticket is 100% legit..... LOVED that cavs win over the bulls. I will hedge a bit next series and take wiz or hawks to win series for $1000-2000
looking goodThis ticket is 100% legit..... LOVED that cavs win over the bulls. I will hedge a bit next series and take wiz or hawks to win series for $1000-2000
| Jul 07 02:14 PM by: INTERNET | 81283595 | Tat NT | ODDS TO WIN 2014-2015 NBA CHAMPIONSHIP [999157] CAVALIERS +2800 | 400/11200 |
at the time you bet, you took a gamble that lebron will sign with the cavs, its like a parlay, of lebron signing and cavs winning the title with him.
good luck!
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Posted:
#222
Quote Originally Posted by scalabrine:
Melos, the bet will not win. That is the point along with the point of effective hedging not being possible for a low scale bettor who bet $100 on this and will most certainly let it ride. So when it doesn't I will thank the idiots that are confident in this bet.
It's a figure of speech. You're smarter than taking a thread title and not reading the thread, in which I've spoken to this dozens of times.
And I IMPLORE anyone who hedged out of their bet on the Cavs to post it here. If you did you hedged out down 2-1 when the Cavs were plus money and are down money at the moment. More rocky road to come.
But the reality is no one hedged out and they will let their ticket ride because low level bettors don't look for returns on investment (and likely don't even have the bankroll to cover hedges like this) and in the end they will get what I said at the start: $0.
Rangerz has said the entire thread that it's a great hedge. Well I've told him endlessly...just like bankroll discipline and the average bettor (on the whole it doesn't exist) these bettors will let their tickets ride and it the Cavs don't win it all, they get nothing...which means the bet is like any other...a loser.
Anyone who's watched the Cavs of late and is brimming with confidence they'll win it all is quite remarkable.
Melos, the bet will not win. That is the point along with the point of effective hedging not being possible for a low scale bettor who bet $100 on this and will most certainly let it ride. So when it doesn't I will thank the idiots that are confident in this bet.
It's a figure of speech. You're smarter than taking a thread title and not reading the thread, in which I've spoken to this dozens of times.
And I IMPLORE anyone who hedged out of their bet on the Cavs to post it here. If you did you hedged out down 2-1 when the Cavs were plus money and are down money at the moment. More rocky road to come.
But the reality is no one hedged out and they will let their ticket ride because low level bettors don't look for returns on investment (and likely don't even have the bankroll to cover hedges like this) and in the end they will get what I said at the start: $0.
Rangerz has said the entire thread that it's a great hedge. Well I've told him endlessly...just like bankroll discipline and the average bettor (on the whole it doesn't exist) these bettors will let their tickets ride and it the Cavs don't win it all, they get nothing...which means the bet is like any other...a loser.
Anyone who's watched the Cavs of late and is brimming with confidence they'll win it all is quite remarkable.
okay,we'll just have to agree to disagree then....as ive maintained thru the thread and anytime when pressed to comment,i AGREE that the cavs,even at this stage,are not likely to win the final game of the season(tho the path is a damn site clearer now and they have shown faaaar more guts and resilience than i wud have given them credit for)....but to give a team zero chance of winning a title is totally folly,its basically the first thing you learn in sports(and you damn well learn it quick if youre betting)..like garnett crazily screamed.."ANYTHINGS POSSSIBBBBBBLLLLLEEEEE!!!!!"
but anyhow........so really this thread is not so much about the prospects of the cavs or the perceived value of the ticket....its just a commentary on how dumb the average bettor is,given that he wud choose not to hedge at any point in time??...cos im not sure why that notion needed to be suggested in the context of this particular futures scenario??.....and by the way it goes without saying that hedging is very real and profitable prospect rite about now....not sure that even the stupidest most deluded bettor alive wudnt seriously consider locking in profits at this point.
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Posted:
#223
there couldn't have been that many people who made bets on Cavs when they were 30/1. its gotta be like less than 1% or 2% of all Cavs futures bettors. people only react after officially hearing the news and by that time it had already been greatly reduced to 8/1, 6/1 or something like that.
for that i can see the Cavs futures being low risk liability for the books since payout is so small. i would think Golden State is a little bit higher liability due to the great season they had. i bet OKC Thunder futures were popular, that probably would have hurt the books if they had won it all...
Sip on that plus money honey!
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