Calculate how to hedge your existing bet to guarantee a profit or minimize potential losses. This calculator helps you determine the optimal stake for your hedge bet.
Hedging Calculator
Original Bet Details
Hedge Bet Details
When to Hedge Your Bets
Hedging is a strategy where you place a second bet against your original wager to guarantee a profit or minimize losses.
Good Times to Hedge
- • When your original bet has gained significant value
- • In the final leg of a parlay with a large potential payout
- • When odds have shifted dramatically in your favor
- • To secure profit in a volatile market
Downsides of Hedging
- • Reduces your maximum potential profit
- • Increases total amount risked
- • Can be inefficient if not calculated properly
Pro Tip
The larger the odds change since your original bet, the more profitable your hedge can be. Perfect for futures bets that have gained value over time.
Hedging Examples
Playoff Futures: You bet $100 on a team to win the championship at +1000 before the season. They reach the finals and are now +150. You can hedge to guarantee profit.
Live Betting: You bet $100 on the underdog at +250 pre-game. They take an early lead and their opponent is now +200. A hedge bet locks in profit.
Parlay Final Leg: You have a $50 parlay with a $1,000 payout riding on the final game. Hedging can ensure you walk away with some profit.
Smart Hedging Strategies
Partial Hedges
Instead of hedging for equal profit, consider a partial hedge where you guarantee some profit while maintaining upside potential if your original bet wins.
Shop for the Best Odds
When hedging, small differences in odds can significantly impact your guaranteed profit. Compare odds across multiple sportsbooks to maximize your return.
Consider the Vig
Remember that the bookmaker's margin (vig) affects hedging efficiency. The lower the combined vig between your original and hedge bets, the better your guaranteed profit will be.