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How sophisticated do you think the options are at a new LN integrated sportsbook?
I'm just buying future sats at less than 1:1, by covering both possible outcomes at mismatched odds.
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OK, I wasn’t sure you were betting on only sports. I don’t think it will be very sophisticated at all, then. Those other options and futures strategies are better elsewhere!
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I hope you are doing it with cheap call options! The futures may be too expensive to try to cover all the arbitrages. Butterflies work nicely. Sometimes strangles are even better.