Hey guys - I'm not saying i won't hedge at all - if the situation happens like i think it may - if say 10 are on NE - and NE goes down - and we are sitting with 3 to go - by all means i'll put in a hedge - but that's my point i'll know more variables by then - it's great the the 49ers game is last - opens up the options.
Anyone out there - show me how I can guarantee THOUSANDS in this with the information we know right now as I'm not seeing it - as most likely the most i can stand to win in the pool is either $2,000 (split 4 ways), $2400 (split 5 ways), $3,000 (split 4 ways), $4,000 (split 3 ways). Remember I don't want to "over hedge" myself here - it very well can be splitting this 7, 8, 9, or maybe more ways - in those cases hedging nets very little.
Tig3ers - I appreciate and respect your input - i just want to see the math example where i have thousands of guaranteed equity knowing what i know now - I'm not trying to get you worked up, i'm really just struggling to see a LIKELY example of where hedging does anything more than guarantee $300.
Here is a complete likely example i worked through:
*I take NE - and let's say 8 are on NE, 1 balt, 1 NYGiants, 3 49ers
*I hedge and put $400 to win $1,000 on balt moneyline
*49ers win, and NE wins - so I have 11 moving on to next week - and now must take NFC - let's say that the 3 that are able to take NE still take them (they first took NE first time this week), and then 3 others who took 49ers now can still take NE & they take them - so we get 6 on new england, and then 5 on the 49ers for the super bowl
*in this scenario I am on the 49ers for the super bowl - I already lost $400 on the Balt hedge
*I now stand to win $2,400 from the pool split 5 ways if 49ers win.
*to hedge, I have to take the favorite New England - i'm guessing they will be about a 4 pt fave which would be probably arounda -175 moneyline for New England in the super bowl - a conservative estimate.
*to hedge, I put $1,225 to win $700 on New England
*if 49ers win super bowl I win the $700 but lost $400 - so I only net $300
*if New England wins I get the $2,400 but now subtract $400 and subtract the $1,225 NE hedge and I only net $775
I am not seeing the scnearios where heding guarantees me anything in the thousands - what am I missing?
I feel this is a very realistic scenario - there is not going to be just 2 or 3 survivors unless i try taking a risk and taking 49ers or Giants this week - because most will be on new england
I guess the more i thought, i am willing to risk that guaranteed $300 - for potential to get the whole $12,000. It would not suprise me if everyone but me took New England this week - keep in mind - most of these people DO NOT bet sports - most are just everyday people who like sports, and are taking the biggest favorite each week. It wouldn't surprise me at all if in reality 10 were on NE, and 3 were on SF, or if it was split to 2 on giants, 2 on SF, 9 on NE or something. I really think Baltimore could win, but most will just think i better take the largest favorite. I'm probably the only one left considering hedging.
If I do get through the week if i do go w/ the 49ers - then i have a much clearer picture - i guess i'm ok giving up $300 guaranteed money for the shot at getting to the guaranteed thousands. I clearly see value in hedging - but it's tough to do now when the picture is not as clear.
Show me some examples similar to what I just spelled out - showing every bet i would be placing - I apologize in advance if i am missing something - this is meant to be a fun conversation though - and thanks for your input!