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Hedging

Posted By: Frank_N_Stein
Date: Monday, 20 April 2009, at 8:08 p.m.

In Response To: Hedging (Bill Riles)

Bill - I left with more money from the Seniors tourney -- Bill 45%, Alan 40%, and Stefan 15%. But he got the trophy, the title, and the bragging rights.

Frank - Bill, I find this topic very interesting and it gives me insight should I get to that point. In your post you said Alan and Stephan agreed to split the second place mondy. In that regard, should'nt the payout to them have been split 27.5% each instead of 40/15%? Or, does any hedging in the finals not become a part of the original agreement to split second place money?

I am trying to understand the characteristics of it all so I don't offend anyone or have any misunderstandings should I get to that position.

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