Anyone bet on the NBA? Have quite a bit money (by my standards anyway) on Miami to win it this year, laid off my bet to guarantee profit if the Spurs or Indiana win. Still obviously want Miami to win but it's a bit of a safety net. A mate of mine is set to win over a grand if they do win it. I've told him to lay it but I don't think he's going to which I think is mad. I understand the arguments against covering your bet but it's not for me. Could be an especially nervous watch for him for Game 7 tomorrow and beyond, if they make it through.
Do people tend to lay their bets? I'm pretty risk-averse in that sense. Call it cowardly, I call it sensible. I know what my luck is often like so it's a no-brainer for me - given the odds are right.