How would you hedge this?

Currently have a FL/ND ML Parlay At -135 odds , $250 to win $185

How would you hedge the IU/ND game??

You don¡¯t. Next time just play Florida ML instead of parlaying. 

take Indiana ML for the full amount you have at risk with the parlay...however, I would not hedge, if you believe that ND will win...if there has been no updated news not to take ND to win, then why would you need to hedge?

I would take Indiana +7.5 for same amount could hit the middle or break even¡­. 

the proper way to hedge in this scenario, if interested, would be to risk apx 100- 115 on Indiana ML +220., not the full amount risked on the original play.

This would guarantee a similar profit no matter who wins.

GL

It all depends on how much how much you want to hedge. If you just want to cover the amount of the bet so that you break even if Indiana wins, you bet about $120 on Indiana ML to cover your $250. Guaranteeing smaller profit though if parlay hits tho. If you want a chance to middle and hit both, take Indiana +7. All depends on how you want to play it. I personally like going for the middles. I would likely play about half the original bet on Indiana +7.

Thanks everyone! Super helpful!! 

aint but one way to hedge this bet. Take Indiana + the points

In no way being condescending with this response.

1) I surmise from the actual bet this is entertain versus attempting to make money.  Having that been said the most important part would be to recognize you made a poor wager initially.

2) Given, in my opinion, it was an entertainment play your picks reveal a subconscious bias towards some combination of favorites, Florida, and/or Notre Dame.  To that end, I imagine you want Notre Dame to win.

So if you play the exacting amount to hedge to net zero (which there are calculators for), I think you'll feel lacking.  Thus, if i were in this position with these numbers and personal bias, I would play $50 on Indiana ML to win ($110).  Then if ND goes up at any point by 14, I would jump whatever live line that is for $35 to end up with $100 bucks in profit and feeling good about your two picks and if not, you're covered on the back end.

With all the info provided, that is what I would do.  In advance, I would have laid the points on both games.

BOL in whatever you do, I hope it hits.