Hedging question/contest help I am currently in 4th place in a contest with the following prize structure....
1)$6600
2)$2600
3)$1900
4)$1250
5)$800
We used the USA Today line in Thursday paper and as per league rules on weeks 16 and 17 you could bet no more than 50% of your point total on any one team. Here are the point totals and the bets from the relevant teams.....
1)26,000 Phil+3,Tenn-4.5 3000@
2)24,000 Tenn,SF-7,Chi-3,SD-4 6000@
3)18,000 Chi,SF,Pitt-3 3000@
4)16,000(my team) Buff+1,Caro+5.5 8000@
5)12,400 SF,Tenn 6200@
6)11,000 Pitt,Tenn 5500@
7) 9,900 Phil,NYJets-10 4900@
I've picked up staggering point value on the current Buff-9 and Caro-7 lines and have been helped with the top 3 teams not picking those games and either not betting enough money or too many games.
My question is,"How would you hedge this to guarantee the max possible $ value. The only way I can go to 0 is if Indi and NO win outright which could give me great money line value on those teams. With NO they could win and possibly not cover the 5 which has me win both sides. There are so many possibilities. Any help is greatly appreciated.