To hedge or not? The big dilemma facing Blues bettor

Scott Berry has a $400 futures bet on the St. Louis Blues to win the Stanley Cup. He has received several offers to sell his ticket throughout the playoffs. The Boston Bruins are now listed at +250 to beat the Blues. Berry can make $25K for every $10K wagered on his side.

Scott Berry has a $100,000 bet on the St. Louis Blues to win the Stanley Cup. He has to decide whether to hedge his position or not. The Boston Bruins are listed at +250 to beat the Blues. Berry can make $25,00 for every $10, but he can get $75,K for not worrying about the next two games. It's a dangerous game to play. The allure of avoiding disappointment and securing profit wins out. In the growing popularity of in-game wagering, bettors can manage their positions like a stock portfolio.