To Hedge or not ????

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Would appreciate some poster's views
Before the NFL season, i bet 50 to win 450 that Tampa bay would MAKE the Super Bowl. I also bet 100 to win 1550 that they would WIN Super Bowl.
Thinking about hedging with 850 to win 500 on KC (KC -170). If Tampa Bay wins i get 1550 plus 450 from the Conference Finals minus 850 for losing on KC. Total
2k minus 850 = 1150. If KC wins i get 500 plus the 450 for the Conference Finals = 950. Im not a large bettor (25 to 50 a game). A sure @1000 for sure vs either 2K or 450. What do you guys think? Any advice or other options welcome.
 

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One thing you MUST do is take the $450 out of the equation!! The money is already won, it's yours (congrats man, nice pick!) So if you're laying 850 on KC ml, you either win 400 total (don't forget to subtract your 100 on TB) or win 700. Now if you really want to hedge bet 1025 on KC -170 to win $603 (minus 100 on Tb) you'll profit 503. At if Tb wins $1550 minus 1025 on KC and you'll profit 525. This scenario you're guaranteed $500. But be sure to take the $450 out of it. It's not "house" money, it's YOUR money!! Nice picks!
 

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Thanx for ur comments PH. I never thought of the 450 as house money. Interesting points. I knew I'd get some interesting responses from u guys !!
 

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One thing you MUST do is take the $450 out of the equation!! The money is already won, it's yours (congrats man, nice pick!) So if you're laying 850 on KC ml, you either win 400 total (don't forget to subtract your 100 on TB) or win 700. Now if you really want to hedge bet 1025 on KC -170 to win $603 (minus 100 on Tb) you'll profit 503. At if Tb wins $1550 minus 1025 on KC and you'll profit 525. This scenario you're guaranteed $500. But be sure to take the $450 out of it. It's not "house" money, it's YOUR money!! Nice picks!

*At=And I gotta read not just type, before I post.
 

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