Explain to me how I can lose?

[flapjack]

Either I'm missing something or my book is. He has odds to win the Oakland region listed. He lists 11 teams and then the field at +2000. Only thing is that UCLA is not listed, hence a field team. I put $500 on UCLA to win the region, then after they get by Belmont, I can hedge every game and make a massive profit right:

UCLA to win 500 to win 10,000.

UCLA second round take $1000 on UCLA's oppenent at most likely even odds on the ML?

Next round, take Gonzaga most likely at 1-2 odds risk $3000 to win $1500.

Following round take other team at maybe 2.5 to 1 at $3000 to win $1200?

If ULCA wins them all, I collect 3K, if they lose from rounds 2 through the final I still win.

Am I missing something obvious here?

 

[Sun Tzu]

its a mistake and will get refunded.

plus i am not so sure you have all the math right with your guesses, but perhaps it works where you dont lose but seems improbably to me.

I also dont think UCLA wins fwiw, but i guess

 

[s_dooley24]

If they lost in the elite 8 you would lose

your original $500
2nd rd game $1k
Zags game $3k

Win the $1200 from that game

I'd say you would be out $3,300

However, I bet no UCLA in the bet is a mistake so they would probably grade it no action