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Reflections on the LA Open

Posted By: Bob Koca
Date: Wednesday, 15 June 2011, at 2:30 a.m.

In Response To: Reflections on the LA Open (Joe Russell)

Often hedges are based on further hedging but I think it is better to just ignore other deals. For example let's say Steve and Joe trade 10% of each other. Steve wins first place prize of say $8000. Steve just gives Joe $800 regardless of other deals that had been made.

No matter how it is done be sure to specify I have seen disagreements in the past over this aspect.

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