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BGonline.org Forums
Some questions about hedging in tournaments
Posted By: Stick In Response To: Some questions about hedging in tournaments (Marv Porten)
Date: Thursday, 26 February 2009, at 12:45 a.m.
1. Is hedging allowed in the $ rounds of all ABT tournaments?
Yes. You can hedge at any time with anyone for that matter. I've swapped 5% of another player (Steve Sax) from before the tournament started.
2. Are there any tournaments where the staff is actively involved in the hedging process, or is it solely between the two players?
Solely between the players.
3. If a dispute arises about a hedge, will the tournament staff get involved in hearing the dispute and making a decision?
I highly doubt the staff would be involved. The hedge is made between the players, the money is distributed by the staff to the winner/runner-up/w/e as marked for the prize distribution. After that it's up to the players to sort out their own hedges.
4. Is it frowned upon when the clearly weaker player asks the clearly stronger player to hedge? Should only the stronger player be the one suggesting a hedge, if at all?
Of course it's not frowned upon. You can offer up any hedge you like and if the stronger player doesn't like it he can politely decline or counter offer, hedging with odds for eg.
5. Is it an insult to ask the other player to sign a written hedge agreement?
I would laugh if you asked me to sign something, I would never. Whether it's an insult or not, yes, I guess so, but I'd find it more comical than anything.
6. Has anyone had (or know of) a bad experience with someone reneging on a hedge agreement?
Not to my knowledge, I've never had a problem. I don't hedge much to begin with and if I do it's likely because I know them already or I feel we're near equal in playing strength also meaning they're well known and I likely know them so there's nothing to fear.
7. Is it bad form to try to modify the hedge agreement in the middle of the match? (For example, the hedge is $500 at the beginning, but at DMP one of the players suggests increasing the hedge to $1000.)
No, this particular example is fine. I don't hedge but often I will reconsider hedging at DMP. I was playing doubles in the money round with Steve Sax as a partner and we offered a hedge being down 3-0 to 7. The other team accepted an equal hedge.
8. Must the winner pay the loser at the end of the match? Or is it standard to wait for payment until the end of the tournament when prizes are awarded? (I heard about a tournament in Europe where the prize money was robbed before players were paid.)
It depends. If they have the money they likely pay them on the spot, if not, they can wait, it's no big deal.
9. What are some guidelines for determining the amount of the hedge?
I'll let others tackle this. I'm not a fan of hedging though as mentioned, against equal opponents I will consider it and perhaps in a huggggggggggge money event, like Europe, I'd consider a hedge against a weaker player.
Stick
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