I did get one big bet ($3k) in on City to win the league at 8.5 a few weeks ago, payout would buy me a nice new watch but also make me sad every time I l see it on my wrist. Odds now have been slashed considerably (down to 2.1) and I wish I put more money on it back then because putting more money in now is not worth it.
The way I see it is this > would I pay a few thousand dollars to see Arsenal win the league? Answer - 100%. If we win the league, the loss of a few thousand dollars will mean nothing but if we lose the league that x 8.5 is worth something tangible (for me, in this case - a new watch).
At those odds a few weeks ago, with the way we were already showing signs of struggle was too good to turn for me to turn down. It was a nice emotional hedge and I don't regret it. If anything, I wish I put more in.