I am looking for some thoughts on this as I am not very experienced with hedge bets. I made a superbowl future bet for the Giants to win the superbowl. I bet $52 to win $1248. The Patriots are currently a 3 point favorite and the Patriots moneyline is currently -160 at my book. It seems the moneyline is too high for me to hedge by taking the Pats moneyline. Any thoughts would be appreciated.
