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Author @catboyautist calls a $340K cashout “garbage,” arguing the position is…

2026-06-12 · 02:57 UTC ·@catboyautist ·0 min read

Brief

Author @catboyautist criticizes a $340K cashout on a $460K Knicks futures ticket that’s one win away, calling it undervalued at least $370K. They recommend hedging by placing a bet on the opposing team (Spurs) at the best available odds across books or markets instead of taking a cashout that effectively pays ~10% vig.

Why it matters

Author @catboyautist calls a $340K cashout “garbage,” arguing the position is worth at least $370K minimum (published 2026-06-12).

Key details

  • They cite a $460K New York Knicks futures ticket that’s one win away and advise hedging by betting the opposing team (Spurs) at the best odds rather than accepting a cashout that costs ~10% vig.
  • Source: br_betting post (IG: Jackmadden30) prompting the cashout choice; recommendation is to shop books/prediction markets for favorable Spurs lines to avoid the vig hit.
Source evidence

What a garbage cashout. This is worth at least $370K minimum. If you're ever in a situation like this and need to hedge, just find the book/prediction market that offers the best odds for the opposing team (spurs) and hedge instead of paying 10% vig.

brbetting (@brbetting)

$460K KNICKS FUTURE ONE WIN AWAY 🚨

You pressing the button that gives you $340K? 💬

(IG: Jackmadden30)

— https://nitter.net/br_betting/status/2065176376898941017#m