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NCAA Pending Future....hedge options? Please read.

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Joined: Mar, 2011
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I have a futures wager on Louisville to win the NCAA Championship. I only got +3769 but my $60 wager pays out $2261.40. 

I want to hedge out of this wager and extract as much possible value out of this future bet. How can I do this properly?


Louisville to win (+3769)
$60 --> $2261.40

Kentucky to win (-156)


Ohio State to win (+299)


Kansas to win (+496)


What is the best way to hedge? 

If Kentucky is going to be a ML favorite with better odds than -156 then I would be better off just wagering on Ohio State and Kansas for this round. 

Thanks, hopefully some of the strategy section can help me out on this one.
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