Hedging Your Bets

Hedging your bets is a betting strategy which involves placing bets on a different outcome to your original bet to secure a guaranteed profit regardless of the result, or reduce your risk on a market.  Following Super Bowl XXI on January 25, 1987, a Disney commercial starred New York Giants quarterback Phil Simms, in which he was asked, “Now that you’ve won the Super Bowl, Phil Simms, what are you going to do?”  Simms replied, “I’m going to Disney World”, and he was paid $75,000 for saying that, however John Elway was paid the same amount, just in case the Denver Broncos won.

Written for Linda G. Hill Life in progress One-Liner Wednesday – April 10 prompt.

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