Hedge Baylor Future?

[mcbaseball10]

I have a $100 futures bet on Baylor to win South Region at 6 to 1.
I can get Duke at -200 to hedge the bet. Recommend it (for what amount) or better off to let it ride?

[mcbaseball10]

Went ahead and covered my original bet 200 to win 100 on Duke and gave myself 4 to 1 on Baylor ML. Not sure whether smart or not, but seemed reasonable.

[u21c3f6]

I can't advise you whether too hedge or not. I personally hedge, but that is up to you.

There are many amounts you can hedge I will give you three:

466.67 @ -200 gives you a guaranteed profit of $133.33 regardless of which team wins.
400 @ -200 gives you $200 if Baylor wins (current value) or $100 if Duke wins or
200 @ -200 gives you $400 if Baylor wins and breakeven if Duke wins.

Joe.

[sharpcat]

Depends what your outlook is on the game but with Duke being favored by 5 I would consider hedging, at least maybe lay $200 on Duke.

But it all depends on your outlook on the game though as a handicapper it is usually better to take a profit where you can and not be greedy.

[u21c3f6]

Went ahead and covered my original bet 200 to win 100 on Duke and gave myself 4 to 1 on Baylor ML. Not sure whether smart or not, but seemed reasonable.

As good a choice as any. Good luck.

Joe.

[mcbaseball10]

Thanks guys. Should have posed the question earlier. But feel like I probably made the safest play.

[Jaug]

You can hedge if you have Matchbook or other bookie where you get almost a perfect price. If you layed extra juice then hedging is horrible, but I guess this goes for all bets.