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Hedging - and more...my personal recap of Vegas

Posted By: Rory
Date: Monday, 20 April 2009, at 8:41 p.m.

In Response To: Hedging - and more...my personal recap of Vegas (Frank_N_Stein)

John asked for 6-5 odds adding that the amount would be $1200-$1000. Therefore if I was to win the match I would pay him $1200 and if he was to win the match he would only pay me $1000. The payout for a loss in the semis was $2720, which is what I collected from the TD. 1st place was paid approx $14,700 and 2nd place was approx $6900. Since John won the tournament he gave me the $1,000 for our 6-5 hedge plus an extra $500 for the kicker that I mentioned previously in my first thread. Is that now clear and did I answer your question fully?

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