Service that buys possible winning tickets ?
 

Never heard of such a thing but maybe Europe already has something in place? It got me thinking based on a conversation with a relative recently. He asked me how I felt about “ hedging” bets and if I’ve ever done such a thing. It would seem like a smart move in certain circumstances but what if the opposite of hedging was available? One example was a pick 5 I played last year at Remington park. Going into the last race in a 10 horse field I was alive to 4 pieces all averaging about 6k. I would have been happy to sell my ticket for 1k if there was a service that did this. Of course I lost and ended up with nothing.

Don't know if they deal with horse racing but I've used ProSwap.com for sports tickets in the past.

In the UK it is very common to be able to "cash out" any bet that has not yet been decided. This includes single bets that have not yet run so if you bet $100 @ 10/1 and the price moves into 5/1 you would often be able to cash out for a profit before the race. Of course the value offered by the bookmaker to cash out is always in their favour by anything from 2% to 20% depending on the market and the bookmaker.

interesting

seems like you'd pay a premium

If you know the right people, at the track or casino sports book, you can sometimes sell a share of your ticket for whatever the buyers think it is worth or whatever you can negotiate. This is based on if they can trust you not to run off with their money, taxes etc.

They are always selling/buying shares, or trying to, of possible winners with each other.

Read up on Cashing out on a Quaddie (pick-4) bet in Australia.

I had a similar situation once with 4 covered in the 9 horse field going into final leg. I realize everyone says if you lose, it is just the cost of the ticket. But I decided to hedge, spreading $1500 on the other 5 and guaranteed a decent profit. Of course none of my original 4 won either and I had the cash in my pocket so was able to.

Does anyone recall a term called "Saving?"
Sometimes called "Buying insurance."


It came from the old days - you know - back when they had stagecoach races?

Here's how it worked:
1. Imagine a tight photo finish with a big payoff depending on the winner. Let's say, #6 and he's 20/1, triggering all sorts of big payoffs.

2. Here's a fellow who figures to win a lot of money if #6 wins.

3. A fellow walks up and says "I've got the #5. How about we make a deal? If your horse loses I'll give you $300 and if your horse wins you give me $300?"

4. The ticket holder is thinking, "Well, I figure to make like $2k if I cash, and $1,700 would still be great, but at least I'd get back $300," so he agrees.

5. Unknown to the ticket holder on #6 is that the other guy had someone stationed at the rail who had a really good look at who won. He already knows that #6 is the winner.

6. Furthermore, he doesn't even have a ticket on #5!

The service was propswap.com. Sorry for the misspelling

Is anyone available who will buy my losing tickets? I seem to have more of those.