Need Hedging Advice on Michigan St. at 100/1

NEVER and I mean NEVER hedge.  You were confident in the bet when you made it when the odds were totally against you.  You were willing to lose it then.  Now that your odds have substantially increased you want to buy out of part of it.  THIS IS GAMBLING!  Hedging is for life long losers IMHO.

Good luck!

Hedge. Here is how:

100 @ 100/1 = 10,000.

Two (2) Separate 2 team OPEN parlays.

2 team OPEN Parlay: $2500/3545$

a) Duke -5.5 (-110)

b) Either UK or Wisky ML ( we will use -375 as a ML)

2 team OPEN Parlay: 2500$/3545$

a) Mich St +5.5 (-110)

b) Either UK or Wisky ML (-375)

You can screw around with the parlay wager amounts to optimize the payout given the above scenario, I did not.

Very simple... you would stand to win 5k if MSU wins it all, and 3545$ if they don't.

Obviously, you can't put a hard figure on the payout because of the potential moneyline fluctuation of game #2, but -375 is a conservative estimate. No matter what, you have to lay the same as you take in the Duke game with no possibility of a push.

Again, hedge. Anyway you slice it you are looking at a minimum of a 35/1 return on your 100 bucks. To stay in is greedy.

The heavy lifting is done...take the money.

No problem.

A little food for thought....IF you let it ride and lose, you will have ZERO dollars to show for what has been one  helll of a bet.  At least if you hedge, the 3500$ or so is a nice partying gift.

As for letting it ride one more game and then hedging, I do not see the point. It is unlikely that you will get a moneyline under -200 vs UK. That leaves you with a 6800$ wager to clear the same 3400 that the parlays produce, and that cuts into your 10k...not to mention risking Duke spoiling the party.

The only scenario that plays to your favor would be for Wisconsin to beat UK, and be a smaller favorite vs MSU, and cheapen the final game hedge.  If you like the Wisky bet anyhow, play the parlays and bet Wisky straight with your unrealized proceeds. At least that way you are playing with house money.

Another thing you could do, would be to back Sparty with your winnings..... parlay up the moneylines.. +205 vs Duke, and then the moneyline in the final....assuming +200 it goes off at 8-1. Lock in your 3400$ from the first scenario then turn around and bet 1k on the MSU ML parlay for the title....total upside of 13k, and guaranteed profit of 2800. 

You are in a great position....take advantage of it. They don't come along very often.

Should have checked my work on that one. My bad.

About 1300 or so profit. Forgot to cancel the 2500's.