Should Portnoy Hedge His Bet?

A couple of weeks ago, Dave Portnoy bet $600k on UCONN to win the whole thing at +360.  He stands to make $2.1 million if they win.  If you were holding this ticket, would you hedge?

I think I would.  I'd put $300k on Purdue ML at +245 and guarantee myself a decent profit either way.

@bluecompass

 Doubtful as he is worth 500+ mill...he will prob get a bigger adrenaline rush from letting it ride

@bluecompass

 I'd definitely hedge as I think Purdue is winning.

$600K to him is like $6000 to us. Probably $600 to most. 

He is a gambler and gamblers let it ride!!

If he was smart he would bet Purdue with the points and try to hit it both ways.

Why would he not take Purdue +6.5 for $1.1M  to win $1M to maximize a guaranteed return, with a chance on middling the game (UConn win and a Purdue cover)?

UCONN win and cover = $460K profit 

Purdue win and cover = $400K profit

UCONN win and Purdue cover = $2.56M profit. 

The fact that he’s holding UCONN ML at +360 for one game, should be fully taken advantage of with Purdue +6.5 or higher to guarantee a profit.

AS 

@ATLSHARP

 Because if UConn blows them out he just cost himself like 2 mil. This is dumb thinking. Vegas wants you to hedge, we’ve had this convo a million times, you have them by the balls let it ride and in the long run you make more. Don’t look at it in a vaccuum

All play money the books give him to stir things up…….

why does it even matter what he does lol

he owns the book stop buying in to this nonsense...

^ agreed 

@BigPell

And if UConn loses?  I’m not looking at it in a vacuum; you however, are. He’s already won by his future bet being worth +360 in a one game event, now the only question is, will he capitalize on it and attempt to maximize his winning ticket.  

BOL to you. 

AS

^^^  

Some people just dot get it, eh?

Damm good marketing though for more newkidsuckers

Huskies all day 

@Eddy_Winslow

 He sold it?? 

Thought he got out. Or ditched by penn.

@Eddy_Winslow

@packersbackers

Hes still a degen...

Had a bunch on the SB as well

Bunch of the barstool guys addicted

@dubz4dummyz

You're not wrong,,,Portnoy wins even when he loses,,,he's essentially the book itself,,,nice gig for a degen ...I'd enjoy hearing him do more play by play on random bad matchups come late season Thursday Night Football,,,he's must watch/listen to when he's drunk and high in the booth 

Absolutely hedge. The juice is in winning something. Anything. These are 21 year old collegiate athletes. S#*t can happen. You bet the tournament looking to win. Now…you’re guaranteed to win. Something.

Let it ride

Has the much better team, program, winning tradition, coaching , Depth and experience. Huskies on way to a dynasty LED by Hurley 

Poodoo, up against it, "should " easily crumble..Maybe small ML bet if you Love "gardening"..I'm all in Uconn Alt lines