-22.9 units
+24 units if +1200 hits
-550 to hedge
If you bet 24 units on -550 and it wins you will win +4.36 units.
So -22.9 -2 + 4.36 = =-20.54 units
If you bet 5.5 units on -550 and it loses you will lose 1 unit.
So -22.9 + 24 -5.5 = -4.4 units
If it wins you will be down -23.9 units
Either way you try to hedge it you will be losing anywhere from -4.4 units to -23.9 units.
You are only chance of being positive +1.1 units is to let it ride.
So how in the fukk are you going to hedge this bet to win money?
+24 units if +1200 hits
-550 to hedge
If you bet 24 units on -550 and it wins you will win +4.36 units.
So -22.9 -2 + 4.36 = =-20.54 units
If you bet 5.5 units on -550 and it loses you will lose 1 unit.
So -22.9 + 24 -5.5 = -4.4 units
If it wins you will be down -23.9 units
Either way you try to hedge it you will be losing anywhere from -4.4 units to -23.9 units.
You are only chance of being positive +1.1 units is to let it ride.
So how in the fukk are you going to hedge this bet to win money?