On April 13, a bettor in Colorado placed $50 at BetMGM that the 2022 World Series would end with the Houston Astros beating the Philadelphia Phillies.
That bettor, who has chosen to remain anonymous, would net $125,000 if it happens.
With the Phillies’ World Series title odds as long as +160, a roughly $48,000 hedge at that number would guarantee a profit of $77,000 for the bettor, or about 62% of his prospective profit with 0% of the risk.