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Hedging Controversy

Posted By: Stick
Date: Saturday, 15 October 2011, at 6:19 p.m.

Player A and Player B are in a qualifying tournament where the winner will receive a seat into another tournament where there is the possibility to win real money. This seat has a value of $1500. There is no monetary reward however for winning the tournament they're currently in. They only qualify for the next tournament. These are online tournaments.

Player A emails Player B suggesting a monetary hedge of $X. In suggesting the hedge Player A specifically states "Because the winner gets $1500". Player B agrees to the hedge.

They play and Player B wins so naturally Player A provides the information where the hedge money can be sent. Upon winning Player B realizes/is notified that he receives no actual money. The value of the seat he won is worth $1500 and he was unaware of this. The tournament rules/payout were available online.

Player B was under the impression due to Player A's email that whoever won would receive $1500 cash and that's why Player B agreed to the hedge. Now post mortem upon realizing there is no money Player B is unsure what to do. Player B said he would have not agreed to the hedge knowing there was no immediate money for the winner and feels mislead by the original email.

Solution?

Stick

Messages In This Thread

• Hedging Controversy
  Stick -- Saturday, 15 October 2011, at 6:19 p.m.
  • Hedging Controversy
    MFIC -- Saturday, 15 October 2011, at 6:35 p.m.
    • Hedging Controversy
      Tom Keith -- Saturday, 15 October 2011, at 8:37 p.m.
  • Hedging Controversy
    christian munk-christensen -- Saturday, 15 October 2011, at 6:45 p.m.
  • Hedging Controversy
    Sam Pottle -- Saturday, 15 October 2011, at 6:45 p.m.
    • Hedging Controversy
      Steve Mellen -- Saturday, 15 October 2011, at 7:38 p.m.
  • Hedging Controversy
    Casper van der Tak -- Saturday, 15 October 2011, at 7:48 p.m.
    • Hedging Controversy
      Casper van der Tak -- Sunday, 16 October 2011, at 5:59 a.m.
  • Hedging Controversy
    Jason Lee -- Saturday, 15 October 2011, at 9:19 p.m.
  • Hedging Controversy
    lenny -- Saturday, 15 October 2011, at 10:18 p.m.
    • Hedging Controversy
      Stick -- Saturday, 15 October 2011, at 10:19 p.m.
      • Hedging Controversy
        lenny -- Saturday, 15 October 2011, at 10:21 p.m.
        • Hedging Controversy
          Stick -- Saturday, 15 October 2011, at 10:32 p.m.
          • Hedging Controversy
            lenny -- Sunday, 16 October 2011, at 1:58 a.m.
            • Hedging Controversy
              Michael Nielsen -- Sunday, 16 October 2011, at 8:39 a.m.
              • Hedging Controversy
                lenny -- Sunday, 16 October 2011, at 9:51 p.m.
  • Hedging Controversy
    Chuck Bower -- Saturday, 15 October 2011, at 11:51 p.m.
  • Hedging Controversy
    Leonardo Jerkovic -- Sunday, 16 October 2011, at 2:24 a.m.
    • Hedging Controversy
      Daniel Murphy -- Sunday, 16 October 2011, at 2:33 a.m.
    • Hedging Controversy
      Gregg Cattanach -- Monday, 17 October 2011, at 12:27 p.m.
      • Hedging Controversy
        Stick -- Monday, 17 October 2011, at 1:09 p.m.
        • Hedging Controversy
          Gregg Cattanach -- Monday, 17 October 2011, at 2:03 p.m.
          • Hedging Controversy
            Stick -- Monday, 17 October 2011, at 4:38 p.m.
            • Hedging Controversy
              Daniel Murphy -- Monday, 17 October 2011, at 4:45 p.m.
  • Hedging Controversy
    Phil Simborg -- Sunday, 16 October 2011, at 3:40 a.m.
    • Hedging Controversy
      Chuck Bower -- Monday, 17 October 2011, at 3:02 a.m.
  • Hedging Controversy
    garyo -- Sunday, 16 October 2011, at 7:04 a.m.
  • Hedging Controversy
    Joe Russell -- Sunday, 16 October 2011, at 7:35 a.m.
    • Hedging Controversy
      Stick -- Sunday, 16 October 2011, at 9:37 a.m.
      • Hedging Controversy
        Daniel Murphy -- Sunday, 16 October 2011, at 1:22 p.m.
        • Another solution
          Tom Keith -- Sunday, 16 October 2011, at 2:06 p.m.
          • Another solution
            Casper van der Tak -- Sunday, 16 October 2011, at 3:29 p.m.
          • Another solution
            Nack Ballard -- Tuesday, 18 October 2011, at 3:45 a.m.
        • Hedging Controversy
          Stick -- Sunday, 16 October 2011, at 3:25 p.m.
          • Hedging Controversy
            Daniel Murphy -- Sunday, 16 October 2011, at 4:58 p.m.
          • Hedging Controversy
            Steve Mellen -- Sunday, 16 October 2011, at 6:28 p.m.
            • Hedging Controversy
              Casper van der Tak -- Sunday, 16 October 2011, at 6:52 p.m.
            • Hedging Controversy
              Daniel Murphy -- Sunday, 16 October 2011, at 7:01 p.m.
      • Hedging Controversy
        Matt Reklaitis -- Monday, 17 October 2011, at 7:50 p.m.
        • Hedging Controversy
          Casper van der Tak -- Monday, 17 October 2011, at 8:13 p.m.
  • Hedging Controversy
    christian munk-christensen -- Sunday, 16 October 2011, at 9:57 a.m.
    • Hedging Controversy
      Chuck Bower -- Monday, 17 October 2011, at 2:52 a.m.
  • Hedging Controversy - Another Opinion #1
    Stick -- Sunday, 16 October 2011, at 3:49 p.m.
    • Hedging Controversy - Another Opinion #2
      Stick -- Sunday, 16 October 2011, at 3:55 p.m.
      • Hedging Controversy - Another Opinion #3
        neilkaz -- Sunday, 16 October 2011, at 4:32 p.m.
  • Hedging Controversy
    falafel -- Sunday, 16 October 2011, at 8:59 p.m.
  • Hedging Controversy
    Turz -- Monday, 17 October 2011, at 3:07 p.m.