Kickserv has great tennis advice. He?s friends with Jason, Jennifer Love, and he fights for young Sam and Dudley.
But, this is very bad advice.
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ADVICE NEEDED
- Thread starter blaster
- Start date
Kickserv has great tennis advice. He?s friends with Jason, Jennifer Love, and he fights for young Sam and Dudley.
But, this is very bad advice.
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kickserv disagrees with the above postx13:
#neverhedgeabet
#hedgeisdumb
#itiscalledgamblingforareason
#jasonvoorheesneverhedgesabet
Actually this is not correct. When one purchases 1000 dollars worth of stock, one does not know what the payout (if any) would be on that stock. If one places a sports wager at specific odds they know exactly what the payout would be and the exact month/day/year of that payout. Also stocks are never "done" like a sporting event is. You could have a stock for 50 years or 50 seconds if you wanted to. A sporting event has a set date when that wager comes to an end. Treating the value of a sports wager and a stock as one and the same is something one can not do. Plus a stock can skyrocket in value in one hour or go to zero in a matter of seconds. A wager on a NCAA Football Team to win an NCAA Title does not fluctuate anywhere close to how a stock operates.
Oh and if you bought a stock for 1000 dollars and it is worth $234,000 now, I'd say the 1000 dollars you spent means quite a bit as per what the actually "current value" of that stock stands at.
And going back to my point I made in my post above. If one buys a stock for 50 dollars and at that time they say to themselves that they will sell it at say 500 dollars then that's what you do. If one places a 50 dollar bet at 150-1 odds and they say to themselves they'll be happy with a 500 dollar return then that's what they do (they hedge the bet). If they placed the 50 dollar bet at 150-1 odds and planned on winning that bet then they wait to cash the ticket, or take the loss. Why place the bet if you didn't want to win the bet? Simple.
Let us not forget, you hedge, you miss out on millions of dollars, it is called gambling:00hour
https://www.madjacksports.com/forum/showthread.php?679511-22670-61-odds-parlay-winner
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You spent $50 on a 29 team parlay. The payout is 975k. You hit the first 28. The last one is a -110.
Just let it ride and do nothing because you only spent $50 instead of heading and making 900k or $100k instead only the 975 on what you knew was fixed from the beginning. Because you thought you?d win. Lol. Good luck with that mindset over the long run.
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Just let it ride and do nothing because you only spent $50 instead of heading and making 900k or $100k instead only the 975 on what you knew was fixed from the beginning. Because you thought you?d win. Lol. Good luck with that mindset over the long run.
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Literally every big bank and trading firm makes their money by hedging. Most companies too
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If it works for hammer1, it is good enough for me:00hour
And ummm............the "wager 50 dollars for a payout of 975k" scenario is a bit rare, just sayin'
Making a decision binary just from thinking of the initial investment is literally dead wrong from a probability standpoint
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Lol.
Of course it?s rare. Sometimes it just helps to clear your thinking. Like the Monty Hall problem. 1 in 3 doors is hard. 1 in a million isn?t
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Another example that you have given that has zero to do with the situation blaster is describing. Nobody said the practice of hedging is illegitimate, just that in cases of a sports gambler placing a wager it is not always optimal practice to engage in.
Well true, but that didn't work out so well for Morgan Stanley, Lehman Brothers, Bear Stearns, Citigroup, Bank of America, JPMorgan Chase, and others back in 2007 now did it.
Point being......"hedging" is not always the way to go, nor does it always guarantee you that you made the "right decision". It is called gambling for a reason.
Of course it?s not always optimal. You said never, never, never, ever. Or something like that.
Terrible advice.
I never said it?s always optimal. It?s always optimal to consider it though - and in many cases, it makes sense. Betting, trading, banking, lending, business, etc, etc, etc. getting stuck in what once was is a bad mentality and practice and will cost you lots of expected value in the long run
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That wasn?t even a fraction of the problem with the financial crisis.
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I WOULD REALLY LIKE TO THANK EVERYONE WHO TOOK THE TIME TO GIVE THEIR ADVICE. THIS IS THE REASON WHY MJ'S IS WITHOUT DOUBT THE BEST FORUM ON THE NET, AND THE ONLY PLACE I POST. BUNCH OF QUALITY GENTLEMEN HERE WHO'S KNOWLEDGE IS SECOND TO NONE.
WITH THAT BEING SAID, I KNOW THAT THE $50 I PLACED IS LOST MONEY AND NEVER THOUGHT ABOUT THAT MONEY AFTER PLACING THE BET. I ALSO KNOW THAT THERE IS NO OPTION TO HEDGE UNTIL AND IF CINNCY GETS IN. IT WILL BE A TALL TASK FOR THEM TO WIN STRAIGHT UP AGAINST ANYONE THEY PLAY. FOR NOW, IT WILL BE JUST A WAIT AND SEE TILL THE END OF THE REGULAR SEASON. IF THEY DO GET IN I MORE THAN LIKELY WILL LOOK TO HEDGE. JUST HOPE THE POINTS NOT MOOT TILL THEN.
THANKS TO ALL AND GOOD LUCK, BLASTER
WITH THAT BEING SAID, I KNOW THAT THE $50 I PLACED IS LOST MONEY AND NEVER THOUGHT ABOUT THAT MONEY AFTER PLACING THE BET. I ALSO KNOW THAT THERE IS NO OPTION TO HEDGE UNTIL AND IF CINNCY GETS IN. IT WILL BE A TALL TASK FOR THEM TO WIN STRAIGHT UP AGAINST ANYONE THEY PLAY. FOR NOW, IT WILL BE JUST A WAIT AND SEE TILL THE END OF THE REGULAR SEASON. IF THEY DO GET IN I MORE THAN LIKELY WILL LOOK TO HEDGE. JUST HOPE THE POINTS NOT MOOT TILL THEN.
THANKS TO ALL AND GOOD LUCK, BLASTER
blaster.... hedge.
you've got a (slight) chance for 7500... that's what to think about
bet on Cinn opponent each game (ml)... to win at least 100.. and then progress to higher amt.
and if you lose each of those hedge bets, that means they're nat'l champs and you get the $7500
which will more than make up for the losses of the "hedge bets"
whatever ya do!
BoL~LoB
you've got a (slight) chance for 7500... that's what to think about
bet on Cinn opponent each game (ml)... to win at least 100.. and then progress to higher amt.
and if you lose each of those hedge bets, that means they're nat'l champs and you get the $7500
which will more than make up for the losses of the "hedge bets"
whatever ya do!
BoL~LoB
That wasn?t even a fraction of the problem with the financial crisis.
You are correct Jord. Main contributing factor was the ratings on the bonds of subprime mortgagee. Which also can be traced back to the CRA which is the community reinvestment act. The 2/28 and 3/27 loans were rated higher that what their actual rating should have been. And everyone bought in!
Best of luck Blaster! I?ll be pulling for cinncy!!
You are correct Jord. Main contributing factor was the ratings on the bonds of subprime mortgagee. Which also can be traced back to the CRA which is the community reinvestment act. The 2/28 and 3/27 loans were rated higher that what their actual rating should have been. And everyone bought in!
Best of luck Blaster! I?ll be pulling for cinncy!!
You are two wins away from cashing a 150-1 odds ticket, not a bad position to be in, well done by you:0054
THANKS KICK. I KNOW YOU DO NOT LIKE THE IDEA OF A HEDGE, BUT I BELIEVE THIS IS THE DIRECTION I WILL TAKE. JUST NOT SURE HOW TO APPROACH THIS. I WOULD WANT TO COME OUT OF THIS WITH AT LEAST A FEW K AHEAD WHEN ALL SAID AND DONE.
ANY ADVISE FROM THE MJ COMMUNITY IS MUCH APPRECIATED.
GL, BLASTER
ANY ADVISE FROM THE MJ COMMUNITY IS MUCH APPRECIATED.
GL, BLASTER
