Hedge Your Bet 101

pic.twitter.com/XEbVwvDY85

See Exhibit A Above.

This loyal Auburn fan bought a $100 bet on his Tigers at 500 to 1 odds.  He will not hedge his bet.  Meaning, he will either win $50,000 tonight or nothing at all.  Auburn was a -600 favorite.  This is the line in which he could consider hedging his bet.  For example, if he wagered $6,000 on Auburn, he would at least win $1,000 if his Auburn Tigers lost the game.  One problem is finding $6,000 lying around.  However, a larger problem for Mark, the Auburn fan, is that his team loyalty would not allow him to bet on the other team.  Follow @markjskiba on Twitter for his dramatic one-liners during tonight’s BCS Championship game, with Auburn up 21-10 at halftime.  Good luck @markjskiba !

P.S. – I understand your nerves…

I placed this bet last Thanksgiving

I placed this bet last Thanksgiving

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s