alt Hacker NewsThere's a legitimate, non-gambling use case: hedging against your existing position in GOOG.
There's no equivalent instrument for sports.
There's a legitimate, non-gambling use case: hedging against your existing position in GOOG.
There's no equivalent instrument for sports.
> There's no equivalent instrument for sports.
Options on the sports team's parent company. I mean you want to hedge against financial losses due to on-field performance but also commercial performance, right? What is the utility of hedging purely against on-field performance?