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City of Champions
Joined April 2014
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Red Sox 3B coach Chad Epperson is taking over as the WooSox Manager and leaving a vacancy on the coaching staff.
- @ChrisCotillo
Hedging has always been and will always be a good strategy to limit your downside risk. It all depends on how you handle your investment. Always an interesting topic 🤷♂️
🤝 Paid partnership
Hit a hole-in-one. Free mattresses if the team wins. You went to an insurance company that specialized in calculating the odds. That was probably until 2006.
Then it moved to Las Vegas, where ticket brokers holding inventory for one team would bet against that team to hedge.
Then, by 2018, it moved to online sportsbooks.
Now it's happening on prediction markets.
An LA-based restaurant group put $60,000 on Kalshi before the NLCS that the Dodgers would lose to the Brewers.
Why? They calculated that a Dodgers World Series run would bring in an extra $120,000. No run, $0.
So they hedged. Guaranteed $60,000 either way.
The Dodgers lost. The $60,000 grossed $120,000.
Why an exchange and not a sportsbook?
At a sportsbook, your price is locked.
The only way out is a cash-out, and that number is set by the book's algorithm.
On an exchange, there's thousands of competing buyers on the other side. The price moves. It's a reflection of the market, and you can take it or leave it at any point.
The speculators who believed the Dodgers would win provided the liquidity the sportsbook never did.
Marketplaces like Kalshi are giving businesses the exchange that prize indemnity and sportsbooks never could.
Because the other side is real.
“At the trade deadline the Red Sox, according to league sources, explored the possibility of selling high and trading Franklin Arias for a young, controllable shortstop as a way to bolster their 2026 roster for the postseason.”
- @jcmccaffrey













