Is there a formula or technical approach to hedging, something better than I should bet a few bucks to cover my losses. Something to optimize the potential payout? My scenario is this, I’ve got roughly $300-400 (+some free bonus bets) spread across multiple bets on SF Super Bowl futures. Payout would be just shy of 5k. With the Chiefs as dawgs this seems like an opportune time to hedge a little, although I loathe hedging and don’t know that I’ve ever done it. Is there a formula or some educated way people go about this, particularly when the opponent is the dawg. Like how aggressive to be or not to be based on how big of an underdog you’re dealing with. Appreciate any opinions, even the “don’t be a box let that shit ride.”