Is it worth hedging?

ttleistdci · #1 01-24-2005, 12:10 AM

Before the playoffs, a friend of mine started a Super Bowl pool. Really basic, everyone picks a team and pays the same amount. If your team wins the Super Bowl, you're paid 8-1 on your play. If your team loses in the SB, you get about 2-1.

I picked the Pats because this was paying 8-1 whereas every site was paying about 3-1 or so.

Is it worth putting a play on Philly to hedge this? [img]/images/graemlins/confused.gif[/img]

Wake up CALL · #2 01-24-2005, 12:15 AM

Since you can get Philly at +7 absolutely, it is like free money. I am assuming there is no point spread involved in your pool wager.

ttleistdci · #3 01-24-2005, 12:18 AM

Nope...no spread. Just a straight up win gets me 8-1.

So best case scenerio, I could take Philly +7 and win both bets if the Pats win but don't cover. Sounds like a plan!

Nottom · #4 01-24-2005, 12:54 AM

The only question I have is how you were lucky enough to get the Pats in this pool?

ttleistdci · #5 01-24-2005, 11:02 AM

[ QUOTE ]
The only question I have is how you were lucky enough to get the Pats in this pool?

[/ QUOTE ]

I picked first [img]/images/graemlins/cool.gif[/img]