Should I cash out now?
Here’s a betting conundrum.
Over the months I’ve been trading on the Betfair Republican nominee market and am set to win a four figure sum if Mitt Romney makes it. If he doesn’t then I don’t lose a thing though my winnings on Santorum, Paul or Gingrich would be only about Â£100.
Given the ability to back and lay on Betfair I could cash in my entire Romney position now and ensure that, whatever happens, I get about 90% of the potential Romney winnings if I stayed in.
Is it worth it or should keep my betting as it is?