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
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.