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  #1  
Old 01-16-06, 06:32 PM
demon's Avatar
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counterbalancing bet on detroit for nba championship?

I was able to make an $800 bet on the spurs late this summer and got 2.5 to 1 odds on my money for them to win the 2006 nba championship. Currently, their odds are around 7 to 5.

After witnessing the two blowouts by detroit and knowing that the spurs barely won the championship last year, I'm starting to get a little nervous. I can get 2 to 1 odds right now on detroit. I was thinking of betting $400 so that if they win, I break even on all bets. If the spurs win, I net $1600 (win $2000 and subtract $400 for bet on detroit).

Do you all think I should make an insurance bet on detroit?
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  #2  
Old 01-16-06, 06:37 PM
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Have faith in the Spurs! Its called gambling, because you have to gamle in order to do it.
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Old 01-16-06, 06:41 PM
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Anything can happen in an 82 game season. Injuries, player suspensions for long periods of time, teams falling off the face of earth. I'm not sure I would bet on either team this early.

Seeing how you already bet 800 bucks on S.A. I would leave it at that. Why bet on the other dominant team in the league? Kinda defeats the purpose of gambling.
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Old 01-16-06, 06:42 PM
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Detroit had 4 to 1 odds coming into the season too...

But Detroit is not going to beat SAS.
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Old 01-16-06, 06:47 PM
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what if both teams miss the finals, then you'd be out $1200...
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  #6  
Old 01-16-06, 06:48 PM
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It's pretty stupid to bet on the Pistons now. You should bet on a team when the expectation is lower than it should be, not higher. Right now the expectation on the Pistons is at all-time high.
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Old 01-16-06, 06:51 PM
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If you are a professional gambler, than your insurance bet as you described it, would be ok. However, I think that the odds you are getting are not good enough. Try waiting some more time, I am sure you will get better odds some time in the future. Pistons can not keep this pace.
Don't take those odds, they are losing money in long term.
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Old 01-16-06, 08:25 PM
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Quote:
Originally Posted by Javelina
what if both teams miss the finals, then you'd be out $1200...
Anything can happen, but there are pretty good chances at least one will make it.

As for the betting. I like the logic to bet for the Pistons, but its dangerous to start putting so much money on the table and risk the potential of losing everything.
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  #9  
Old 01-16-06, 08:28 PM
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word for counterbalancing: Hedge.. much more clean and simple term ;)
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