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Post# of 46777
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expediter13

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expediter13

Re: esq10 post# 11494

Tuesday, 06/18/2013 12:55:47 PM

Tuesday, June 18, 2013 12:55:47 PM

Post# of 46777
They are trying to say that hedging this bet is a no lose.... But that just points to the fact that they are not sure about the outcome.

Just like making a parlay football bet. Bet a 5 team parlay for 100 to win 800. The first two win and your waiting on the third. So you bet against your third team 400 bucks. That way, you WIN "SOMETHING" usually close to 50% no matter what the outcome.

People will do it all the time and it usually means you feel 50 /50 on the outcome. In this situation I am betting they feel 80% to the good. Otherwise they would hedge half the value, which would be a boatload more....
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