Hedge Question?

[hankcream]

I made a $50 future bet on Tiger Woods +800 to win The Open Championship @ 5Dimes on Wednesday. If I were a professional gambler would it be smart to hedge $155 on the field @ -310 today and cover the original bet and guarantee not to lose or ride the original bet

[Ra77er]

I wouldn't hedge that 50 clams unless it's life changing personally but gl.

[jjgold]

hedging really a waste in most cases

Some say why did you bet it in 1st place if your hedging

let it ride and see what happens

Tigers in good postion

[theballsflop]

Don't bother hedging if it's for less than 5 units. I usually only bother if I have >10 units on that bet.

[LT Profits]

Original odds aren't big enough to hedge, I only consider hedging if I have a monster potential payout pending. Besides you got +800 and the current odds are around +275, so you already have mad +EV. And your hedge would cost 155, not 50, so definitely not worth it.