How to hedge this 6 figure win?

I placed a "fun" hail mary futures parlay 4 months ago that had 0 intentions of winning, ($100 to win 230,000) - i once got close to 150,000 with last leg being djokovic winning Wimbledon, he lost 2-3 to Alcaraz in the final, so thought i would try again...

And its down to Notre Dame to win the Natty,  and Bills AFC championship

What would be the best way to hedge this considering there is 2 more legs left?  the exact pay out is , 233,825

I have money behind me, so if i need to stake large for a hedge that is also an option.

Would really appreciate any input guys ! :)

Bet $230,000 on Notre Dame ML at +310

thats the best way to hedge 

Get out of the Notre Dame bet. No chance they win.

@DanTan

 You can’t hedge yet.  You need ND to win and then you can hedge. 

Your bet is currently worth about $23,533.  That is assuming a midpoint win odds of +360 on ND and +116 on the Bills.

I will buy your bet for 18K right now.

There is no way to truly hedge other than selling your bet as of now.  If ND wins, then you can hedge by betting the Chiefs.

Let me know if you want to do business.

@vanzack

 
How would one sell their bet without getting shafted? 

No clue what that means.

@vanzack

 Thank for the offer brother, but it would be a little hard as i am in Australia, unless you work with BTC...

The book that i have the futures on is Ps3838 (Offical Asia pinnacle clone)  - they wont officially admit its their own site, but do some research and it's the same owners as Pinnacle.

Can happily provide proof of the bet if we go down that route, and there is always an escrow option to hold the funds safety for both parties.

Ill give it some thought in the next 30 minutes, but im thinking of letting it ride as i can possibly Hedge, as seen with the previous comments in this thread, just need to give it some thought. Would probably lose a chunk of the 230k though.. so need to give it some serious thought asap.


Thank you everyone for the advice, ill be back shortly to confirm what ill be doing, and if i want to sell the ticket Van, although at this point i doubt i will unless its my best option

Where did you make the bet? Do they allow a cashout?

@DanTan

 BOL on this! It would be sweet

@smellybunty

 Ps3838 - I use BetInAsia. Its an official Asia broker platform to access betting exchanges, pinnacle, and also asian books where your bet gets split into 5-10 asian bookies to not move lines.

No cashout at all on Ps3 unfortunately, it works exactly the same as Pinnacle, odds change at the exact same time, odds are to the cent etc etc ... so imagine pinnacle also don't offer cashout?

I have great access to books in Australia (except pinnacle) we do have Betfair exchange and other books with fair limits but once you start winning 5 figures often on new/winning accounts they tend to limit you, and my account farming days are over, to much hastle, hence why i just go through asian markets now (or betfair exchange in australia)

Hehe you sound so “professional” and yet you don’t know you can lay multiples on Betfair ?

@Calde13

 You cannot in Aus, that is only for UK afaik.

Anyway, i have just decided to let it run, as if the Cashout was 18,000 i would not take it.

My only option to hedge for best profit would be if Notre Dame score first:

This way i can take Ohio St live -2.5 / 3.5 live  for 100k on Betfair, as books in Aus would only take 50,000 live on NCAAF

Ohio st wins i profit 90k

Notre Dame wins my ticket is still alive for a 133,825.00 payout, with the option of hedging with KC.. think thats my best route, head scratcher that's for sure

Well the best way to go about it in the future is to only put the events on the betting slip that has value and you want to run to the end - you will always give up value if you at a later point want to sell - and there is no advantage adding more matches than you want 

Good luck DanTan.

I will be rooting for you!

I'm still a student n if you share what your legs were to get to this point, I may learn your strategy for next time.  I'm intrigued in betting $100 for a six figure payout.  I mean what's $100 these days anyway?  I get better orgasms in dreaming than paying for a $100 me love you long time massage. 

@vanzack

 good offer, you are one of the good guys my man.  know you had a rough season but really glad you scored with 10%

At a 233k profit for 100 bet there are a bunch of ways to hedge.

@dogball

 Van is a class act truly, he is one of a kind, and from what i can see its a blessing to have him on this forum! ive only been around a few months, but thats the consensus i have seen

Thanks everyone, tbh deep down I'm rooting for a ND score first to get ohio st live, as i really don't think they win straight up, hence the phrase in my op "didn't think it would win" ala small $100 stake.

Just cash out. Or take OSU + Bills. Bills have a very good chance, ND does not. Take your money and run, you just likely turned $100 into $10-20K? 

damn that’s a tough one. I love buffalo in that game so my concern is ND winning and it’s gonna take some balls to lay a lot on a big moneyline favorite just to get to the buff/kc game. 

my suggest is to bet the game live and pray you get a chance at some point to get better odds on Ohio state moneyline and hammer the hell out of it. If that loses then you’ll have a very clear path to a much easier hedge. 

No dog in this fight. I really hope this hits for you. All the best 

@4bracelets

 Thanks man, this is 100% what i am hoping to do, haha our minds are thinking alike on this one !

unfortunately i am a fool, and placed this bet on a sharp book (Asian pinnacle pretty much) instead of a soft book here in Aus like Bet365, Ladbrokes etc .. where i could easily cash out. Ps3 (Asia pinnacle) have no cash out on futures.


Will just hope to get Ohio st closer to -3.5 or less live,  if not.. then ah well it is what it is ...


For what its worth i do have some pending teasers from NFL all on last leg of Ohio st -1.5 and -2 .. so that can soften the blow a little bit if Ohio St just smash them from the start. But no where near 200k win unfortunately with the teasers lol 

@MDizzle23

 That is stupid. That is doubling your bet. You obviously don’t understand the bet. I would bet about $10k on OSU to win (risking about $40k). If OSU wins then you win 10k and loose $100. If ND wins the you loose ~40k. You will still have a chance to profit ~193k. Then depending on how much you want to profit bet on KC ML the next game. It’s close to a pick. If you bet half of the 193 k your profit will be in the 90k - 100k either way. Hope I did not confuse you.

Good luck $$$$

@Bigtony300

 This is the best way to hedge it and Guarantee profit. OSU money line either puts cash in your pocket tonight or a chance for a bigger stake. Then do the same next weekend. If you have the cash to stake it. You can guarantee winning between 85-110K.