Will A Book Do This?

[VaultedTreehouse]

This is purely theoretical at this point.

Here goes: Say I have a wager on which team will win a given divison in baseball. I'm up by 10 games on the first of September. Pretty much a done deal. What would a book say if I offered them a buyout of the bet (a given %). Say I needed the money or wanted to use it on football...Now in my estimation, a book would have to consider that offer, no. They can save a little.

 

[IDENTITY]

yes.

 

[TheGeneral+]

I think some would but most would stick to protocol.

Didn't Bluegrass refuse to do this with ppeters bases future last season?

 

[VaultedTreehouse]

What would be a fair % in that given case I mentioned?

 

[wilheim]

Big boys would all respectfully decline imho. Why - because what they do once, then they will have to explain why they do not do the same thing under similar circumstances again. With a local you may have a shot.


wil.

 

[sherman]

I think Wil is exactly right.

As far as % goes, if I was the book, I would offer 75%

 

[JayC]

If you buy a long term futures contract at WSEX you can always sell it. That was the whole idea behind it, that you shouldn;t be locked in to a bet. Check it out.