Advice
 

I need some sports betting advice from the knowledge base here.

In Australia
The Rugby league Grand final is on this weekend.

A few weeks ago I placed a $10 on a rubgy team to win the Grand Final, it was paying $15 for the dollar bet.

The final is on this weekend and they are in it. I am set to win $150. If they win.

My question is should I place a hedge bet on the other team so I can't lose. It will reduce my return if my team wins but it will put me in a position to win no matter what.

The other team is paying $1.70 and I am thinking of placing $50 on them to win.

If they win I collect $35. If my team wins I collect $100

should I do this or just hope my team wins and I collect $150?

thoughts would be greatly appreciated.

I know there is a sports betting forum, but I have more respect for the zoo than the sports betting forum.

Dink

I have cross posted it.

Re: Advice
 

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I know there is a sports betting forum, but I have more respect for the zoo than the sports betting forum.


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Really???

NOTE: sorry I don't bet sports

Re: Advice
 

[ QUOTE ]
My question is should I place a hedge bet on the other team so I can't lose. It will reduce my return if my team wins but it will put me in a position to win no matter what.

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If you want to guarantee a win, make the hedge bet. If you want to take the chance on having a bigger win, don't make the hedge bet. Nobody can answer this FOR you, they can only say what they would do.

If it were me, I would make the hedge bet. But I like the idea of locking up a guaranteed win and STILL having an interest in the outcome.

The math, however, says to avoid the hedge (assuming the teams are pretty much even)...

Acme

Re: Advice
 

If the over-round on the market is low 102% or less, and the prices fairly reflect the merits of the teams in your opinion, then it might be worth making a hedge. If those conditions are not met though I would stick with what I have.

Mack

Re: Advice
 

Go and put your house on the Cowboys. They are certainties to win.

The experience of losing in the Prelim last year will hold them in good stead. Tigers have no Finals experience.

Go Cowboys!!!!!!!

Re: Advice
 

You know I might just do that

Dink

Re: Advice
 

Ten Commandments:

1 Thou shalt honor thy gambling debts.

2 Thou shalt expect to lose.

3 Thou shalt trust the odds, not hunches.

4 Thou shalt not over-bet thy bankroll.

5 Thou shalt not believe in betting systems.

6 Thou shalt not hedge thy bets.

7 Thou shalt covet good rules.

8 Thou shalt not make side bets.

9 Thou shalt have good gambling etiquette.

10 Thou shalt tip.

Of xcourse I don't do sports though [img]/images/graemlins/smile.gif[/img]

Re: Advice
 

I didn't read the other replies but do what u think is +EV. Forcing a insurance bet on a line u don't like is stupid.