I just wondered what was the best method of hedging bets. The scenario is I have had 9 out of 10 football results come in and the final result will be tomorrow, recently I have had quite a few of my 10+ folds fail on the last result so I was looking to hedge this one.
The final game is Elche v Barcelona, I can get 12/1 on the home win and I think around 3/1 on the draw. I would ride it out but I have lost out on a few recently as I didn't hedge... With odds like 12/1 it's easy to put a tenner on the home win and draw and I will recover my stake with a little profit at worst. I'm not looking at a huge return if Barcelona win as all were odds on or evens so don't want to spend a lot on the hedge. Is the best idea to just do a tenner on home and £15 on the draw or is there a better way of working out the method?