Let’s take a look at one more quick example of hedging based on line movement. In this scenario, you bet $100 on the Falcons to beat the Buccaneers at +300 odds.
Just before kickoff, after you’ve placed your bet, the Bucs announce that Tom Brady is out for the game, and the lines subsequently shift to Falcons -105 and Bucs -115.
In this case, you could bet $213.95 on the Bucs at -115 to guarantee yourself a profit of $86.05 regardless of the outcome ($400 payout in either scenario minus $313.95 bet in total).