ST Alpha - "What is the current vs total value?" (Reading a Post)

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In response to "I put $5 on the Phillies to win the World Series at the start of the playoffs. Now whether to cash out or let it ride. -- nm" by Dano

What is the current vs total value?

Posted by Will Hunting (aka JoeMetz) Oct 23 '22, 15:28

Hedge if you can get a good price on the Astros to lock in money.

Responses:

I can cash out for ~23 dollars now. I will likely do that. -- nm - Dano Oct 23, 15:33 5
- if you bet $50.37 on the Astros you guarantee yourself $24.63. Which would be why the payout is $23. -- nm - Reagen Oct 23, 16:02
- what odds are there for Houston? maybe a way to earn more by betting on them too and keeping the Phillies long shot? -- nm - Beaker Oct 23, 15:57
- Payout if they win is $75 -- nm - Dano Oct 23, 15:36 2
  - Hmm, that's a tough call. You're effectively getting 3-1 odds on something that's theoretically 50/50. - David Oct 23, 15:41 1
    - I’d hedge 40 bucks on the Astros assuming they’ll be about -150 to win. - Will Hunting Oct 23, 15:59

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