Hedge? You Make the Call
Okay no poker in this post but we will get into some gambling. A very interesting situation has presented itself and I'm curious to get some feedback from the gambling world.
If you do give feedback make the dollar amounts somewhat relative to an amount you might gamble as I think it will give for a more accurate answer.
Suppose a random gambler here is Vegas played a $50 five-team parlay that pays 22:1 so the payback on the ticket is $1150. The first four games played on Sunday were all winners leaving one game left to cash the ticket. The last game is the Monday Night Football.
Now this random gambler won $1300 on Saturday and $1475 on Sunday so this parlay is by no means a bail-out luckbox two-outer. So the questions I pose with the money already won are:
1. Do you let the last game of the parlay ride and hope for a killer weekend?
2. Do you hedge the bet so you guarantee winning money just for watching the Monday Game?
3. If you hedge the bet how much do you bet on the opposing team in the Monday Night Game? Don't forget to add in the 10% juice.
I'm totally up in the air at this point in what I would do. The smart/conservative thing to do would be to hedge the bet, count your money, and watch the game for entertainment sake but what fun is that?
If the original team wins then you're pissed for hedging and you're going to have a very nice weekend no matter what happens so why not let it fly and add some real excitement to the game, I mean that nervous anticipation is some of the reason we gamble right? Nothing like having a $1100 on Monday Night Football.
Let's see what you're made of boys or girls, does anyone feel like gambling?