Suck at hedging need help!

[JESSE1014]

Before season started made filling bets below.

1) BET ID=358631641
Future Wager 09/11/11 12:46*ET
bet 62.50 to win 500.00 Result: Pending
2012 NFL Regular Season MVP - odds to Win - All Bets Action
Philip Rivers 02/05/12(20:00 ET)
+800

2) BET ID=358631010
Future Wager 09/11/11 12:45*ET
bet 62.50 to win 500.00 Result: Pending
2012 NFL Regular Season MVP - Odds to Win - All Bets Action
Michael Vick 02/05/12(20:00 ET)
+800

3) BET ID=358628389
Future Wager 09/11/11 12:43*ET
bet 111.11 to win 500.00 Result: Pending
Odds to Win 2012 Super Bowl XLVI - Indianapolis IN
New England Patriots 02/05/12(20:00 ET)
+450

4) BET ID=358626156
Future Wager 09/11/11 12:40*ET
bet 62.50 to win 500.00 Result: Pending
Odds to Win 2012 Super Bowl XLVI - Indianapolis IN
Philadelphia Eagles 02/05/12(20:00 ET)
+800

At least one will pan out if I play my cards right, should I hedge my pats bet and if so how much?

[Deol]

You've risked 300, at best you can win a total of 550, not really worth it to hedge IMO.

[john230]

Let it ride.

[SteveRyan]

You could bet $278 Giants ML +120.

Total wager: $576.61 ($278.00 + $62.50 + $62.50 + 62.50 + $111.11)

If Giants win, you win $34.99 (MAX PAY $611.60) - $576.61 = $34.99

If Pats win, you win $34.51 (MAX PAY $611.11) - $576.61 = $34.50

[Quake]

Rodgers MVP? what? You could hedge but for this small of an amount no way I would, just let it ride.

[SteveRyan]

Rodgers MVP? what?

Oops...my bad.