Re: Laying off $500 on the Dolphins against the Mansion Bet
It depends when OP placed the original bet. If he bet the game last week at 4,4.5,5, hedging is a waste right now. If he bet the game an hour ago, there is still good value in hedging.
I think KenAA said it, and multiple times. You are better off trying to hedge at halftime and lock in a middle or good value on a bet from last week.
Then again, you have to know what you are doing and the average poker player who knows jack about sports betting wont have this luxary.
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