Question about hedging

[Chong]

I have a small 5 game parlay riding on the Cubs +.5 for the first 5 innings in tonight's game. Basically if the Cubs are tied or winning at the end of 5 innings I cash. It's to win $510.

I always have trouble calculating what my best opportunity is to play it safe and guarantee a winner and possibly cash both sides. Any help/suggestions are much appreciated.

 

[Chong]

Line is SF -110 at -.5 or -160 ML for the first 5 innings.

 

[Biz]

Depends on how much you want to win.

How much did the bet cost you??

 

[Chong]

It was $50 to win $510.

 

[Biz]

If SF -.5 @ -110

Take SF for $200.

You'll net $150 (SF) or $290 (Chi)

Take SF for $250

You'll net $200 (SF) or $235 (Chi)

Or let it ride, risking $50 for $510.

 

[Biz]

If its me, I take SF at $250. I'll net $200 minimum, small premium if Chicago wins.

If you really like the Cubs, then take the smaller bet on SF.

I would 100% hedge this bet to at least break even.

 

[Biz]

If SF -.5 @ -110

Take SF for $200 (220/200)

You'll net $150 (SF) or $290 (Chi)

Take SF for $250 (275/250)

You'll net $200 (SF) or $235 (Chi)

Or let it ride, risking $50 for $510.


SF for $100 (110/100)

Net $50 (SF) or $400 (Chi)

 

[Chong]

Appreciate the info Biz. Thank you.

 

[Biz]

Good Luck however you play it.

 

[Chong]

Great call Biz on playing $250 on the Giants!! Thank you!!

 

[Biz]

Sounds like you did the SF $250.

Congrats on on your win. Anytime you can guarantee a solid profit you do it. Parlays aren't easy, especially 5 teamers, so that was a great job on your part to set up a nice win before the game even started.