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Another solution

Posted By: Nack Ballard
Date: Tuesday, 18 October 2011, at 3:45 a.m.

In Response To: Another solution (Tom Keith)

Well articulated, Tom. Before reading your post, I'd already decided that's pretty much how I would have arbitrated it.

I agree that A and B bidding for the price of the seat (and settling the hedge bet pro rata) is the cleanest solution, assuming the tournament committee allows a change of player. If it does not, then the best remaining option would seem to be percentage of eventual prize (minus travel expenses presented by receipt to arbiter, and regardless of future hedge).

It does not seem to me that A took a shot. Even if he did, it was a pretty silly one to try. What if A had won -- does he pay out the cash amount he proposed, thereby taking the worst of it on both ends, or does he try to argue not paying on the grounds that he himself provided the wrong information?

As it stands, if B gets away with paying little or nothing (I'm astounded anyone would think that's fair), not only it will give an undeservedly bad reputation to hedging, but worse it may tempt some others to fail to correct basic information, see what happens and then negotiate down or renege altogether on the acceptance of offers made in good faith.

Nack

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.