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What's your risk tolerance?

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  1. GambleAB GambleAB is offline 1. I'm awesome

    Las Vegas, NV
    United States

    Posts: 5,493
    Joined: Apr 05

    May 3rd, 2008 (5/3/2008 4:23am)

    I made two bets with a friend before the NBA season started, $100 that the Celtics would finish in the top 5 in the East and another $100 that they would make it out of the first round of the playoffs. A third friend made the same bet with him, which I bought him out of for $100 (that would be returned to me if the bet ends in a push...long story, but basically the third friend doesn't want the hassle of collecting the debt).

    So now heading into Game 7 I have an interesting dilemma. I can let the bet on the huge favorite ride and risk $0 to win $300.

    OR

    I can hedge by betting on the Hawks to win the game (I'm guessing the ML will be +600 or so) and risk lock up a $260 profit.

    OR

    I can bet $150 on the Hawks with the points (I'm guessing the spread will be +15 or so). In this case, I'm guaranteed to profit $150, and could potentially profit $450.

    OR

    I can bet $300 on the Hawks with the points. I lose nothing if the Hawks win or the Celtics crush, but could profit $600 if the Celtics win by 14 or less.

    I know what I'm going to do (bet $300 and try to middle it), but was wondering what other people would do since this is a somewhat unique betting opportunity of having the heavy favorite at even money odds.
     
  2. Seykota Seykota is offline

    TX
    United States

    Posts: 8,385
    Joined: Jul 05

    May 3rd, 2008 (5/3/2008 4:52am) in reply to GambleAB

    I'm down with Option 3.
  3. Jimbo31 Jimbo31 is offline

    Orland Park, IL
    United States

    Posts: 3,828
    Joined: Oct 06

    May 3rd, 2008 (5/3/2008 4:57am) in reply to Seykota

    i bet like $50 on hawks and say thank god if we see this huge upset.
  4. NechitaCC NechitaCC is offline

    Las Vegas, NV
    United States

    Posts: 3,539
    Joined: Dec 06

    May 3rd, 2008 (5/3/2008 5:28am) in reply to GambleAB

    i think the safe play here is to take everything you have and bet the house on the hawks moneyline......
  5. cmkpics cmkpics is offline

    Montgomery, AL
    United States

    Posts: 3,558
    Joined: Nov 06

    May 3rd, 2008 (5/3/2008 6:15am) in reply to GambleAB

    Hope you arent trying to collect on this money sunday...the final 9 minutes of this game wont be played until November..sigh
  6. Gomer6561 Gomer6561 is offline

    United States

    Posts: 449
    Joined: Nov 07

    May 3rd, 2008 (5/3/2008 7:02am) in reply to cmkpics

    betting on the hawks is a terrible bet. let it ride for sure.

    Celtics by 18 game 7
  7. Seykota Seykota is offline

    TX
    United States

    Posts: 8,385
    Joined: Jul 05

    May 3rd, 2008 (5/3/2008 7:07am) in reply to Gomer6561

    Oops and I agree with you Gomer, I somehow missed the first option and only thought there were three choices. That's what my ADD gets me.
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