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Welcome to the hedge calculator website. We have built all the tools you need to make your sports betting (and specifically your hedge betting) experience better! Below we have a hedge betting calculator and also some more information about hedging bets in general.

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Use the Hedge Calculator here

Stake ($)
Odds

Hedging Strategies

There are several types of hedging strategies, but the following three are the most popular.

Unbiased strategy

This strategy provides the same profit or loss regardless of the outcome of the event. That is, there is no bias towards one side of the bet. A hedge bet of placed on the opposing selection will achieve this:

The strategy

Stake
Odds

Profit / loss table:

  • If Original Bet Wins
  • If Hedge Bet Wins
    -$

Biased strategy towards the original bet

Compared to the unbiased strategy, this strategy will provide a higher profit if the original selection wins. A win on the hedge bet will result in no profit or loss for this strategy. By placing a hedge bet of on the opposing selection, this can be achieved:

This strategy limits losses to zero if the original bet wins. This is achieved by placing a hedge bet of on the opposing selection.

A loss is avoided if the original bet wins, however it will lead to a larger loss than the unbiased strategy if the original bet doesn't win.

The strategy

Stake
Odds

Profit / loss table:

  • If Original Bet Wins
  • If Hedge Bet Wins
    -$

Biased strategy towards the hedge bet

Compared to the unbiased strategy, this strategy will provide a higher profit if the original selection loses. A win on the original bet will result in no profit or loss for this strategy. By placing a hedge bet of on the opposing selection, this can be achieved:

This strategy limits losses to zero if the hedge bet wins. This is achieved by placing a hedge bet of on the opposing selection.

A loss is avoided if the hedge bet wins, however it will lead to a larger loss than the unbiased strategy if the hedge bet doesn't win.

IMPORTANT: note that this biased strategy has a greater downside risk than not hedging. This is because the potential loss of if the hedge bet doesn't win is greater than the potential loss of had you chosen to not hedge.

The strategy

Stake
Odds

Profit / Loss table:

  • If Original Bet Wins
  • If Hedge Bet Wins
    -$
    -$

How does the hedge calculator work?

Our hedge calculator allows you to find the exact amount you should stake on your hedge bet to ensure you return exactly the same amount regardless of the outcome! Feel free to give it a try.

  • What should I know about hedging bets?

    A hedging bet (also known as a hedge) is a strategy that can be done to guarantee a profit if odds have moved in your favor, or in a worst case, limit your losses if the odds move against you. This can be done in both pre-game and in-game (live) markets. Hedge bets are most commonly done when betting on futures markets. Futures markets are long term bets, such as who is going to Win the Superbowl or become the next NBA Champion, as examples.

  • What is a hedge bet example?

    Imagine if you were smart enough to place a $10 bet on the Vegas Golden Knights to win the 2017-2018 Stanley Cup (in NHL) at the start of the season at 500 to 1. Now they have made it to the Stanley Cup final and are about to take on the Washington Capitols. The Golden Knights went into the series slight favorite, with the Capitols sitting at +140 (or $2.40). You stand to make $5000 if the Vegas Golden Knights win, and you can use the hedge calculator find out that if you place $2083.33 on the Capitols you ensure you make just over $2,906 regardless of the outcome! This would have been very important given the Capitols went on to win the Stanley Cup.