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Old 01-07-2014, 12:59 AM
 
293 posts, read 377,972 times
Reputation: 221

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Had a ticket with Auburn to win National Title before the season started. 500 to 1 odds. Spent $100.

Feel for the guy.
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Old 01-07-2014, 05:42 AM
 
6,349 posts, read 8,410,527 times
Reputation: 1769
Quote:
Originally Posted by Bane1976 View Post
Had a ticket with Auburn to win National Title before the season started. 500 to 1 odds. Spent $100.

Feel for the guy.
That isnt losing $50,000 since they never paid that much. They lost $100 and didnt get $50,000.
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Old 01-07-2014, 06:09 AM
 
Location: So California
8,563 posts, read 8,905,067 times
Reputation: 4648
Quote:
Originally Posted by cry_havoc View Post
That isnt losing $50,000 since they never paid that much. They lost $100 and didnt get $50,000.

Agree. He basically bought a $100 lotto ticket, with a smaller payout.
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Old 01-07-2014, 06:54 AM
 
9,034 posts, read 16,462,273 times
Reputation: 6827
yep, he only lost his $100 bet and he could have easily hedged it to cover his $100 or even guarantee some payout at the cost of the eroding the big payout

if he were really on top of it he would have hedged the $100 to start and then make a larger play on FSU at the half
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Old 01-07-2014, 08:32 AM
 
293 posts, read 377,972 times
Reputation: 221
Lost $100 and the opportunity at winning $50,000.
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Old 01-07-2014, 11:04 AM
 
Location: Houston, TX
17,032 posts, read 26,919,741 times
Reputation: 16190
As others said...he lost $100, no big deal. Like hitting 3 of 4 on a parlay...still a loser.
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