Worst hedge you would take

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DonkeyKong
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DonkeyKong

Worst hedge you would take
« on: July 28, 2014, 12:43:57 PM »

Hello. I was wondering if you are trying to bet on an arb and once you want to bet on the other bookie it changes the odds. In this scenario you are probably looking for another bookie to place the other side of a bet to cut your losses and not to gamble on the amount you put on.

Anyway, I was wondering what is the max -% of an arb you would take to not leave your money on a gamble?

Thanks.
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ArberPro
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ArberPro

Re: Worst hedge you would take
« Reply #1 on: July 28, 2014, 01:27:23 PM »

To loose 75% of the sum of the inicial bet.
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cristi13
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cristi13

Re: Worst hedge you would take
« Reply #2 on: July 28, 2014, 01:29:33 PM »

If i know that's the best price i can find and it's close to the real price, i take it regardless of the -%
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DonkeyKong
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DonkeyKong

Re: Worst hedge you would take
« Reply #3 on: July 30, 2014, 08:27:24 AM »

To loose 75% of the sum of the inicial bet.

This doesn't sound right. Or maybe I did not understand you. You would take a -75% arb to not take the gamble? It seems to me that it would be much better to just leave it to the chance in this spot.
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ArberPro
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ArberPro

Re: Worst hedge you would take
« Reply #4 on: July 30, 2014, 10:58:30 AM »

Depends on the situation and the sum of the bet ,i told you the worst  situtation,
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Thordin
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Thordin

Re: Worst hedge you would take
« Reply #5 on: July 30, 2014, 11:31:57 AM »

If I had 1000 euros at odds 6.00 and the real price was 3.00, i would hedge out at -70% as well or whatever % the real other side odds would give me.


For small amounts I wouldn't bother hedging, I would just leave it as is and move on. Not because I like gambling, im a horrible bettor, but I choose to not waste another minute dealing with that and move back on to placing new arbs.
Open bets should even themselves out in the long run. Even if they don't have value you should get like 90% of all those open stakes back.
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whitesnake
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whitesnake

Re: Worst hedge you would take
« Reply #6 on: July 30, 2014, 01:45:05 PM »

If you want to play safe and protect your bank you close it as fast as you can.
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