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.
What should I know about hedging bets?
A hedging bet (also known as a hedge) as a strategy 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.