WhiteWonder 2,179 Posted April 3, 2019 possible moon landing https://www.cbssports.com/college-basketball/news/ncaa-tournament-2019-texas-tech-national-title-bettor-could-turn-1500-into-300000/ Quote The odds of the ticket are cashing are low. But then again, so were the 200-1 odds Texas Tech would win it all the person wagered on. Now it's nearly cashing. According to ESPN, the bettor could be looking to hedge the bet, and the ticket has been posted at PropSwap, a marketplace where bettors can buy and sell futures tickets, for $65,000. I don't think i'd sell the ticket for 65,000..... but obviously i'd hedge now and hedge again. put 20 thousand on MSU and if texas tech advances, put another 75 thousand or so on Virginia (or Auburn). Share this post Link to post Share on other sites
edjr 5,587 Posted April 3, 2019 who would bet 1500 on TT? Share this post Link to post Share on other sites
nzoner 936 Posted April 3, 2019 if my math is right (MSU -155 ML) he'd have to bet $31,000 to get $20,000,which IMO would still be a no brainer based on what he could possibly win if TTU wins it all. Share this post Link to post Share on other sites
MTSkiBum 1,596 Posted April 3, 2019 22 minutes ago, WhiteWonder said: possible moon landing https://www.cbssports.com/college-basketball/news/ncaa-tournament-2019-texas-tech-national-title-bettor-could-turn-1500-into-300000/ I don't think i'd sell the ticket for 65,000..... but obviously i'd hedge now and hedge again. put 20 thousand on MSU and if texas tech advances, put another 75 thousand or so on Virginia (or Auburn). That only works if you have 95,000 dollars cash laying around? Share this post Link to post Share on other sites
dain11279 928 Posted April 3, 2019 32 minutes ago, edjr said: who would bet 1500 on TT? Alumni Share this post Link to post Share on other sites
WhiteWonder 2,179 Posted April 3, 2019 27 minutes ago, MTSkiBum said: That only works if you have 95,000 dollars cash laying around? well yes, naturally. In this situation, Im assuming someone who made a 1500 bet before the basketball season began probably has 100+k in a bank account they can readily access. Each hedge you make is simply taking a chunk away from the ultimate prize of 300k but giving you a fallback of 20k(-1.5 original bet) or 75k (-1.5 original bet and -31k first hedge) Share this post Link to post Share on other sites
edjr 5,587 Posted April 3, 2019 32 minutes ago, MTSkiBum said: That only works if you have 95,000 dollars cash laying around? Not laying around, but I would borrow from my 401k and then pay it right back. There is no way to lose it Share this post Link to post Share on other sites
nzoner 936 Posted April 3, 2019 45 minutes ago, edjr said: who would bet 1500 on TT? Speaking of this I'll never forget leaving Vegas in 2004 and one of friends said we ought to throw some money at the BoSox to win the AL when they were down 3-0 to the Yanks.I laughed it off thinking no way that's going to happen.Wished I could remember what the odds were but maybe it's better I don't Share this post Link to post Share on other sites
edjr 5,587 Posted April 3, 2019 1 hour ago, nzoner said: Speaking of this I'll never forget leaving Vegas in 2004 and one of friends said we ought to throw some money at the BoSox to win the AL when they were down 3-0 to the Yanks.I laughed it off thinking no way that's going to happen.Wished I could remember what the odds were but maybe it's better I don't Last time I was in Vegas 2010, before we left I tried to find a decent player with good odds. We both slapped 250 each on Anthony Kim (remember him?) was like 25 to 1. Fat fock phil beat him by a few strokes, it wasn't really that close, but he still came in 3rd We said if we won we were going to fly back and party it up with the winnings. Haven't been back since Share this post Link to post Share on other sites
patweisers44 700 Posted April 3, 2019 4 minutes ago, edjr said: Last time I was in Vegas 2010, before we left I tried to find a decent player with good odds. We both slapped 250 each on Anthony Kim (remember him?) was like 25 to 1. Fat fock phil beat him by a few strokes, it wasn't really that close, but he still came in 3rd We said if we won we were going to fly back and party it up with the winnings. Haven't been back since I was there last week. . Probably a couple more times later this year as well. Share this post Link to post Share on other sites
edjr 5,587 Posted April 3, 2019 5 minutes ago, patweisers44 said: I was there last week. . Probably a couple more times later this year as well. SIL's 40th in September, she was married there and wants go to go there for her bday. I am invited but not sure yet Share this post Link to post Share on other sites
patweisers44 700 Posted April 3, 2019 3 minutes ago, edjr said: SIL's 40th in September, she was married there and wants go to go there for her bday. I am invited but not sure yet One of mine will be in that timeframe, and I have a little control over the date. Keep me posted. Share this post Link to post Share on other sites
edjr 5,587 Posted April 3, 2019 4 minutes ago, patweisers44 said: One of mine will be in that timeframe, and I have a little control over the date. Keep me posted. Share this post Link to post Share on other sites
