Sports betting question

UGA also clinched the opponent is known.

You could cash out, let it ride, or hedge.

Here's a crude little calculator you can use for hedging:
LINK

Yeah it probably went down due to the UGA line being set at -15 or whatever

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Today, the cash out amount is actually less than it was before clinching

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How LSU looked this weekend didn't help either

Depends on how much you put down on each bet.

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Yeah it probably went down due to the UGA line being set at -15 or whatever

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-15pts, ML might be -700. If i cash out for $2000, I'm not risking 1400 to gain $200 by better on Georgia. By doing that, Georgia wins, you're up total $2200. LSU wins, you're only up total $600.

He would make more money just keeping his bet alive

Let’s say the line is UGA -500 LSU +400, UGA will be a bigger favorite probably but that makes the math easy

He’s got 10 dollars at 100 to 1

Winning the bet pays $1,010

Pure hedge, he bets $841.67, profit is a guaranteed $168.33

Cash out values he’s offered is usually ~90% of pure hedge, let’s say $152

If he cashes out and puts that $152 at +400, he’s looking at making $608

His two best choices are let it ride or put on a hedge. He can do a partial hedge too.

Partial hedge $500 on UGA

If UGA wins he makes a $90 profit, if LSU wins he makes a $510 profit

I’ve made an art form out of hedging bets.

UGA -800 LSU +600 on my book right now.

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Is that normal, or should I expect it to go up as we get closer to the SECCG?

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Well LSU is a double digit underdog to win the SEC so you're getting the odds from what UGA's ML would offer you at a cash out price.

Ideally, hope that LSU goes up early in the game and see if you have a cashout offer. Take that before UGA takes the lead and wins.