re: Should I let these LSU bets ride?

quote:

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Or wait and see if LSU gets in, then bet 5K on whoever is playing LSU in the Natty, depending on the favorites, if LSU is favorite you can take the points and possibly win both bets.

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So, hypothetical here: LSU is a 3 point favorite over Ohio State. He bets $5k on Ohio State +3.

LSU wins by 1 point, he wins $15k.
LSU wins by 4 or more, he wins $10k - $5k = $5k
OSU wins, he wins $5k - $333 = $4,667

Is this correct?