Eagles SuperBowl Future- Hedge
John1689
Junior Member
Hey guys,
I'm sitting on an eagles future at 50/1. I definitely want to hedge to lock in a profit.
What do you think is the optimal way to do this?
I'm sitting on an eagles future at 50/1. I definitely want to hedge to lock in a profit.
What do you think is the optimal way to do this?
Comments
NE is -215 so if you bet 3400 on NE ML you get 1600 if NE wins
so 3500 bet PHILLY gets you 5100, NE gets you 5000 more or less
I recently had a futures ticket for Patriots vs. Eagles to play in SuperBowl. $250 at 66-1, which for me is a life-changer on some level. Plan was to white-knuckle the Pats v Jags and then to quickly buy some BTC and try to get Vikes at -150. I didnt want to buy $10K of BTC in advance because of fees in case Jags won. Brady did his thing and then the 'instant' BTC purchase in Coinbase went through but refused to let me send it to my wallet or anywhere else, it said the transaction was on hold for many days! So an absolute disaster as Vikes marched down the field with no resistance to take a 7-0 lead. I took a bath turning the BTC back into USD but of course ultimately the ticket paid and now using proceeds for a life-changing regimen of Invisalign.
To try to summarize that thread in the simplest terms, don't hedge unless it's either a life changing amount of money or you actually think the other side is + EV at this point.
Good luck whatever you choose to do.