Quote:
Originally Posted by Jason14h
He can also just hedge by betting on Washington.
Washington is +125 meaning he can guarantee himself about 1.425 million profit by betting 1.075 million on Washington and hedging his bet. He would need to borrow that money but he has guaranteed collateral in the ticket so getting that loan should be simple (assuming bet is with a big sports book)
So his ticket is guaranteed ~1.4 million - interest on a 2 week loan if he decides to hedge (Or sell off the bet as you stated above to a high roller)
Only an idiot would take the 1 million as some are suggesting.
This is a perfect example of people not understanding the proper math and getting ripped off.
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Thank you for calling me an idiot.
I won't suggest you are an idiot but I don't think you're plan is as bulletproof as you think.
1. Do you think you can convince a bank to give you a loan for a Las Vegas bet? No matter how much you try to prove it's a "sure bet", I doubt they would give it to you.
2. If you did get the loan, what guarantee do you have that another Vegas casino would accept your $1.075M bet? They can refuse any bet, especially for unusual bets.
Whereas he has a guaranteed $1M sitting in his hand, but I guess he'd be an idiot to cash that in eh?