Hi, looking for some advice an hedging my superbowl futures bets. Have placed a few bets on Baltimore to win the superbowl during the season. At the moment looking at a return of about 50 units.
I was hoping the line for San Fran would open at around -135 to -125, then would put around 15 units on that.
After it open -i am seeing it at -180, so would have to risk 21 units to get back about 10.
Whilst it would still guarantee a profit - i don't really like taking these odds - not sure if the risk/benefit is worth it.
Was also thinking to maybe bet on the game in the run. If the Ravens get a 7 to 10 point lead, i could take San Fran at better value - although this is more of a gamble than a hedge as would have to hope tht Ravens get that lead.
Any thoughts or ideas are welcome and appreciated.
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Hi, looking for some advice an hedging my superbowl futures bets. Have placed a few bets on Baltimore to win the superbowl during the season. At the moment looking at a return of about 50 units.
I was hoping the line for San Fran would open at around -135 to -125, then would put around 15 units on that.
After it open -i am seeing it at -180, so would have to risk 21 units to get back about 10.
Whilst it would still guarantee a profit - i don't really like taking these odds - not sure if the risk/benefit is worth it.
Was also thinking to maybe bet on the game in the run. If the Ravens get a 7 to 10 point lead, i could take San Fran at better value - although this is more of a gamble than a hedge as would have to hope tht Ravens get that lead.
Any thoughts or ideas are welcome and appreciated.
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