hola,
I have made a few world series futures bets over the year and I am trying to hedge it to make sure I make some money...but my brain is fully loaded and I am asking for some help.
I have wagered about $1500 on various possible world series winners and here is what I have to gain if 'x' team wins the whole thing. So my question is what would you do to make sure you get a profit back and/or breakeven.
If the Padres win... $6000
If the Twins win... $7000
If the A's win... $6000
If the tigers win... $2500
If the Phillies win $1400
Angels - out
Rangers- out
Looks like I got 3 of the 4 AL teams... sadly no yanks. (the odds were never inviting)
How would you hedge these bets to preserve a profit if possible..?? now and/or during playoff time.
I have made a few world series futures bets over the year and I am trying to hedge it to make sure I make some money...but my brain is fully loaded and I am asking for some help.
I have wagered about $1500 on various possible world series winners and here is what I have to gain if 'x' team wins the whole thing. So my question is what would you do to make sure you get a profit back and/or breakeven.
If the Padres win... $6000
If the Twins win... $7000
If the A's win... $6000
If the tigers win... $2500
If the Phillies win $1400
Angels - out
Rangers- out
Looks like I got 3 of the 4 AL teams... sadly no yanks. (the odds were never inviting)
How would you hedge these bets to preserve a profit if possible..?? now and/or during playoff time.
