Hedging Strategy Help

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  • freddues
    SBR Wise Guy
    • 02-29-08
    • 591

    #1
    Hedging Strategy Help
    I wonder if there are any ideas for a hedging strategy for the Final Four:
    Situation:
    $30 future placed on 3/27 on NCSt to win the tourney at +12000 (payout=$3630)
    I understand I can hedge the final game if NCSt does upset Purdue. My question is; is there any strategy to address the final four game against Purdue under these circumstances. The money line (Purdue -425) is a huge problem that would definitely erase future profits should NCSt run the table (unlikely I believe).
    Anyone faced a similar situation and have some productive thoughts?
    I thank you in advance for your wisdom.
    GLA
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