re: Which of you Ballers Laid Down Some Cabbage..

To answer the hedging question, in 2010 I didn't hedge at all. This year since the ticket I have is worth so much more I gave this a lot of thought over the last few weeks as to what I would do if we made the title game. Well we haven't even made the game yet but the odds on us winning have come down enough that I was able to sell half share of my ticket for $500. This sounds like I am giving up a lot but the way I look at it is I have $5 on Auburn at 500:1 which is still crazy value. I now win $2500 if Auburn wins the title and a buddy of mine also gets $2500. He was wanting to bet a few hundred at 4:1 but was able to get a bit more value from me and get them at 5:1 so its a win win.

I almost never hedge unless the value of the ticket is so much. If I owned the $100 at 50:1 I would try and find a way to at least get $1000 out of it if Auburn doesn't win. You would be silly not to and if Auburn wins you would still be winning a substantial amount of $$