T O P
fkaname12

I’d hedge with what you can big mon


BigCIitPhobia_

Not worth. Avs will smash Rangers.


gixG

Not hedging a 186K payout is insanity. Even for a degenerate


sevaiper

Hedging is absolutely always money losing. There's no reason you ever have to or even should do it.


BubbaJoe2000

Hedging is (almost) always EV-. That doesn't mean it doesn't make sense to do it, depending on your risk tolerance. To give an extreme example, would you rather have a 50% chance of $2,000,001, or a 100% chance of $1,000,000?


sevaiper

Sure but VIG will essentially never be under 5%, and likely closer to 10% for a hedge. I would take 50% at 2,200,000 over 100% at 1,000,000.


BubbaJoe2000

Fair enough, but for most bettors, the utility of an additional $1M is a lot more than 50% of the utility of an additional $2.2M.


sevaiper

Well the issue is if you're going to hedge the last leg, why did you even put it in the parlay? You're purely giving money away hedging, and you knew the payout when you placed it, so it makes no sense to have a hedging strategy. Sure if you got in too deep on one parlay, didn't understand the implication and now feel the need to get that payout then reevaluate to make sure it doesn't happen again I get that, we all learn. But to consistently use hedging is just an irrational way to give away your money to the books.


gixG

This is a once in a lifetime bet. Ev gets thrown out the window if ur betting on +124000 odds


sevaiper

The odds don't matter at all, if you were going to hedge the last leg don't play it. He would have a better payout from just having the non-avs legs than hedging now.


BubbaJoe2000

That's fair - for a time-tiered parlay like this, unclear why the Avs are in there at all. But they are, so the OP needs to decide what to do in this situation.


tbarnes222

if igor can continue to carry against tampa😂


SignificanceGreen669

Shhhhhh…. Don’t say that


Desmoineshockey

Lightning will beat rangers


[deleted]

Eat a dick LFR


Desmoineshockey

Woah my guy


archer4364

Typical NY cum rag fan Lighting in 6, ez money.


mouga68

Lmaooo lightning have to show up to msg to win the series let alone win in 6 pal


[deleted]

Gotta have passion my brother


anakinskywalker___

I’m a rangers but that was ridiculously cringy


FurYurHealth

Ava gonna play lightning though.


[deleted]

U son of a bitch ( Arnold voice ). I think this hits buddy


ts2531

By the way…. The book is Draft Kings.


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xDUVAL_BRODOWNx

Don't listen to this man's DM. You're going to be $186k richer in a few weeks


slangin2006

Hell nah let that ride. Life changing


Complete-Dealer2748

yeah imagine people ask how you made all your money you say I won’t it on a sport bet on bet365


senor_sota

You winning this easy, nobody beating the Avs in 7 games


CoolstorySteve

No Kadri is rough


anakinskywalker___

Don’t matter it’s 3-0


NYRnSNEAKERS

Holy shit


alwaysnear

Ah crap these are stanley cup odds? Throw something on Tampa, you can get like 4.5 odds rn. Other than that I’d let it ride.


maldinisnesta

Hey its your cousin


milokidx

😂😂


ts2531

Pssh…. Too easy right? RIGHT?!?!?! 😬🤦‍♂️ Thanks for all the support. We got em this time. 😉 Good luck everyone!!!


DragonfruitShot6191

CONGRATULATIONS


Layin-the-pipe

Wow congrats


Donqweeqwee

Grats man. How much after taxes?


xbiggz

Hedge when you know who’s their opponents next round. Most likely Tampa, and Colorado most likely wins, but still. Good luck my friend


External-Lie-8249

Really Tampa ? 🤦🏻‍♂️ they already 0-2


[deleted]

1-2


[deleted]

Wow. That's the largest potential winner on a 3 way parlay I think I've ever seen and it looks like it will hit...but I would hedge...but $150 to almost 187k...is incredible. Well done, how did you do it?


Complete-Dealer2748

I guess luck


caw9000

Yeah like everyone else said, hedge it for sure. Usually the cash out options are the same (or sometimes worse) value than if you hedged it yourself. If you want to gamble, maybe wait to see if the Avs beat Edmonton tonight because that will make hedging much easier. Then pretty much put as much money as you can (up to ~$90k) on the other team in the Stanley cup final. Good call on Smart!


SnoaH_

Cash out options are always about 5-10% worse


ts2531

Thanks to everyone for the comments and input. I didn’t have any real experience with draft kings in the past and I just assumed (incorrectly obviously) that the early cash out option was always available. Lesson learned. I contacted them and they simply told me that they can decide to offer the cash out option at their own prerogative and that they wouldn’t share any more information on their decision making process. I live in Las Vegas so there’s clearly a path to hedge out and guarantee a nice payout but I just wasn’t sure if anyone else had any experience with draft kings not offering payouts suddenly. I never even considered the cash out since they were never behind in a series but I’m also not an idiot and it’s just too much money to simply gamble on. Just hoping the avs can win tonight or the next game and get some time to rest as well as give me some time to figure out the most profitable path forward. Thanks again for all the input and good luck to everyone!


Complete-Dealer2748

Yh with that 60k you can always make small bets again who knows


Mossles

Wait till before the finals. I'm sure Tampa or rangers will be +250sh maybe +300. Bet 50k to get 150 to 180k on the opposite. You'll win over 100k no matter what. Probably need to get on this now with the bank or family if you don't have the money available.


NewVegasEntrepreneur

I don't know shit about hockey but I'm hoping the avalanche win it for you this is amazing


ts2531

So as of today 6/7, draft kings still isn’t offering a payout option so I guess they’re just gonna let it ride on their part and if I want to hedge, I’ll have to do it old school. Just seems weird that they would just stop offering anything at any price with zero explanation. 🤷‍♂️ That’s okay, but just let that be a lesson to anyone working with them that it’s always a possibility that the early cash out option can just be taken away. Good luck to everyone!!!


vChaotic

My theory is that it will come back once their finals opponent is decided. Either way I would just hedge honestly. That's life changing, congrats!


DragonfruitShot6191

I fully believe the avs will take home the Stanley cup I know this must be a lot right now but your one of the blessed ride this shit out bro you got this !


illigitimateninja

You bet $150 and had the option to cash out 60 grand and didn’t take it? I’m all for gambling but bro 50% of something is better than 100% of nothing . The Avs are a solid bet but anything can happen


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AnJruniverse

I agree take out a personal loan & double down on the Avs


HonorRoll

I upvoted this because it’s funny, not the correct advice don’t listen to this guy he’s truly one of us


AnJruniverse

It was actually the correct advice 😃


kinglorca

Lol


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ses267

Wow. You are one lucky son of a bitch. I’d hedge some but you are looking good my man.


ts2531

Ok…. So that was a wildly stressful game that probably took a good 10 years off my life but…. VICTORY!!! Still a giant hill to climb but 1 down, 3 to go. I think if the Avs can hold court at home and go up 2-0 then we’re cooking with Crisco. 🤞(yes I’m aware of the fact that the rangers were also up 2-0 and look how that turned out) Complete radio silence from draft kings and No early cash out option available. I gotta be honest, I used to be a draft kings stock holder and if they’re making decisions like this to not even offer a pity cash out option… I think they may need to rethink their risk management decisions. Don’t they have an obligation to their shareholders to try and mitigate potential losses as best they can? Whatever… their business and their decision. I’ll keep this post updated as the series moves along but I’m honestly hoping this series ends quickly and I can go on vacation. 😉 Good luck all!!!


ts2531

Alright… alright… alright… Got an easy one there. All the Avs did was their job and hold home ice though. They still need to take 1 of the next 2 and we’re really looking good. Still nothing from draft kings which honestly shocks me. This is a publicly traded company and they shouldn’t be gambling!!! Bookmaking is all about mitigating losses and never having to sweat a decision. Whatever…. 2-0 is nice but the job isn’t done yet. Have a good weekend everyone and keep cashing those tickets!!!


ts2531

Well… Certainly not ideal but… We can’t honestly expect to win them all. Still no buyout option from draft kings but… it is what it is. Lose game 3, not a problem. Lose game 4, not ideal… However… game 5…. Becomes a must win. Crazy how the scales turn so quickly. I’m in a good spot no matter what. Just truly flabbergasted that draft kings has nothing to offer. 🤷‍♂️ Ah well… Next update on Wednesday… when we’re up 3-1 or tied 2-2. Have a great week!!!


jdgates77

Did you end up hedging at all at Vegas casino?


LitTvLitTv

Holy fucking heaven futures are where it's at


ProfessorRealistic86

I mean ... futures. In a parlay. Where a 100:1 already hit. Yeah, that's where I wanna be too.


LitTvLitTv

Never seen a future parlay in my life lol that is incredible thinking


parlaygodshateme

They know the rangers are winning it all so they not offering shit 🤔


Dark_Mako

From your lips to the hockey Gods ears


secretseagull01

Hedge my guy


Rdchiichyx7

You a god 💯💯💯


alexf1919

At least if they offer you another Cashout it should go up after Colorado sweeps the oilers tn, and congrats on the ticket that’s awesome


SportsBookPick

Fucking good hit


Desmoineshockey

Your avalanche pick is a pretty great one though-lightning fan


slimcrickens

Talk about nerve wracking either way. Incredible bet. Hope you win man!


flannelsheets87

!RemindMe 1 month I’ll be back when this cashes, nice play man!


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Ehimalright

hope life is good bro


avgjoejoe

Well… We’re waiting.


vChaotic

lol for real I keep checking this for any updates, rooting for him


DragonfruitShot6191

I Pray Today Is The Day You Can Take This Home Riding Avs Tonight So I Can Hopefully Win With You GOOD LUCK TONIGHT 🔥


avgjoejoe

Congratulations, man!


mfhayes23

Hell yea


Kroko997

congrats 🥳


Jm_215

You're most likely winning this the Avs are by far the best team among the 4 remaining


BlakeDatAzzUp

wow. you lucky sob.


Alarming_Ad2489

Because they don’t wanna pay that money if they don’t have to


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Peasant_peddler

Let's this ride homie. Avs definitely taking the Cup! Great play


Super_Saiyan_Carl

Can I ask what possessed you to bet on Marcus Smart for DMVP at that point?


TheInfamous1011

This is what I’m stuck on 😂


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CheekyFifaCunt_7

Holy shit!!!


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trouttickler23

Now they're lettin it ride


[deleted]

Finger crossed for u man.


Admirable_Peach_9873

Check back from time to time they offer it here and there keep checking


fundipandcandycigs

RemindMe! 1 month


[deleted]

It sucks you can’t cash out but I think Colorado is going to destroy anybody in their path to the Cup. Get that $$


RosesAreFreeGH

Destroy? No way east teams gonna put up a fight


ClayerThan

!RemindMe 1 month


Jeycash17

This is crazy


Zooooter

Don’t cash out


ChandroTomar

Tampa bay will find a way to win the ship


BubbaJoe2000

This might be worth contacting Draftkings support about. Given the size of the exposure, they might well be willing to manually cash this out at a price that's profitable to them (i.e. effectively cheaper than their current Avs line would indicate), but saves you from having to place a $50k+ hedge bet.


[deleted]

They’ll open it if they get to the finals


KalafinaBlue

Hedge this shit my man, No Keumper and no Kadri, east is taking this


HiMyNameIsTeem

So you have the phone number for the devil himself? Please share 😈


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Shoka778

Aves won’t win


Cornfields24

Should have Round-Robined that shit


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Slavaronov

I hope you take this buddy. Good luck!!


Ya635239

I would hedge and deposit via credit cards max out different cards. That way when you get paid out there will be no interest due as you will pay credit cards on time


[deleted]

These would be cash advances, this isn’t correct. Find someone who’ll help you with the cash. Good luck


Ya635239

No it wouldn’t, you have to use a book that accepts it, and it wouldn’t code as a cash advance. It has worked very well.


itinerantcharlie24

So what’s the cash out option now?


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Rpmbox

HEDGE


mfhayes23

Saving this for later. Good luck bro!


External-Lie-8249

I think you good. You got this.


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an_axe_murderer666

Man you got this I wouldn’t even worry


II_JuMPMaN_II

I’d put $5k on Rangers and $5k on Lightning at least you win $35k Rangers $22k Lightning or $176k Avs BoL buddy


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akarvd00

Update???


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agrainofsandubeach

I envy you bro. Best hit I've seen on this sub, you deserve it all!


flannelsheets87

Hey, congrats on the big win! Buy yourself an avalanche jersey lol


StudentOf_TheGame

Bruh I know I'm late. 1 good fucking hit. 2 how I'm the fuck did you pick Smart as DPOY


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Legitimate_Pomelo_90

Fuck off idiot


[deleted]

Dawg I just checked your profile and u r one pathetic sad ass mf. Fuck off


Sharper_Edge

Lol, I wish I could say curiosity didn't fet the best of me.