There are 4 possible final game matchups.
Louisville/OSU
Louisville/Kansas
Kentucky/OSU
Kentucky/Kansas
If we take the human element out of it, you have a 1 in 4 chance of being in the money.
Assuming the "favorite" of these to come out is KU/OSU, you could play a ML parlay, but then you'd only be down to a 50/50 shot. Also, you'd be laying a hefty price on that ML to make back quite a bit. The issue is throwing that Kentucky ML into the mix to "hedge" is far too pricey, especially considering the overall 1 in 8 shot of any given team over any given team.
So, I'd have to say let it ride...and as BW said, the Kentucky game first isn't helping the situation either....you'd be laying far too much...
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