Points to whomever takes the time to answer this thoroughly.
If Denver wins tonight, I will $500. Period.
I am able to get Pinny vig-free lines of -150 ATL, +150 DEN.
What is the proper way to hedge this so that I remain basically neutral? Since ATL has a 60% chance of winning, should I put 60% of the $500 on the ATL ML? That way I make $200 if ATL wins and $200 if DEN wins?
Whats the mathematically correct way to play this and whats the thought process behind it?