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Hedge Calculator
A hedge calculator helps determine your optimal betting amount in a situation where you want to lock in profit or minimize your losses. Enter your wagers below to calculate your hedge.
Hedge Bet Calculator
Hedge Bet Calculator
American odds must be greater than 100 or less than -100
To utilize a hedge bet calculator in the most effective way, you have to enter the odds of your original wager as well as the current odds for the hedge bet. Ensure you add them in line with the particular calculator's instructions (i.e., in decimal, fractional, or American format). For other types of calculations or conversions, check out our hub of betting calculators to find what you need.
How to Use the Calculator
As you can see below, there are 7 fields in the bet hedge calculator. You'll only have to fill in 3 of them, and the rest will auto-populate. Everything is made as clear and as simple as possible, so we don't expect you to face any significant difficulties. Here are a some more details about each field:
- My Odds - Say you've already bet $10 on the outcome of a certain event at odds of +200. This means you need to enter +200 in the designated field.
- Bet Amount - Enter the amount you've already wagered on the event – e.g., $10. This applies to both single and parlay bets.
- Hedge Odds - Here you'll have to enter the current odds for your hedge bet.
- Hedge Amount - This field will be auto-populated with the amount you have to wager on your hedge bet.
- Total Bet Amount - This field will give you the total amount (original bet + hedge bet) you'll have to wager.
- Total Payout - This is the total amount you can potentially win on your bets.
- Hedge Profit - This is the amount you will win regardless of which bet is the winning one.
You can use a hedge calculator when wagering at any of the sportsbooks. It will help you reduce the risk and optimize your strategy to ensure the most beneficial outcome for yourself. If you're looking for a place to try hedging your bet, we recommend the following sportsbook:
| Sportsbook | Welcome Bonus | Promo Code | Highlights | Rating | Secure Link | Terms |
|---|---|---|---|---|---|---|
| BetMGM Sport | Up to $1500 Back In Bonus Bets | Not Needed | Competitive odds Multiple betting markets Live betting | ★ out of 5 | Play Here! | Valid only for new MI players over 21 years of age. Full T&Cs apply. |
Hedge Bet Example
The best way to help you understand how hedge betting works is to give a specific example, precisely what we will do now. Say you've wagered $10 that your favorite football team will win in an event, with the odds of that outcome being +200. This means you can win $2,000, which is excellent.
Now that the event date is approaching, the odds have taken a turn for the worse, and you want to back up your original bet. You can use the hedge calculator to work out the amount you have to wager on the alternative outcome of the event (your favorite team losing) in such a way that you mitigate the risk.
A betting hedge calculator will give you three strategies – unbiased, biased towards your original bet, and biased towards your hedge bet. The unbiased strategy will provide you with the same profit or loss regardless of the outcome. The strategy biased towards your original bet will aim for no profit or loss if the hedge bet wins.
Compared to the unbiased strategy, it will also mean higher profit if your original wager ends up winning. The strategy biased towards the hedge bet, on the other hand, will aim for no profit or loss if the original bet wins. Again, compared to the unbiased strategy, your profit will be higher if the original bet loses.
Responsible Gambling
Regardless of whether you're using a sports betting hedge calculator or not, you have to stick to responsible gambling. We strongly advise you to set up budget and time limits to keep your activities in check. The first signs of compulsive gambling are precisely overspending in terms of money and time.
If you or anyone you know has difficulties and needs assistance, you can contact the National Council on Problem Gambling. Additionally, there are many other nationwide and state-specific resources and organizations available to provide the help you require. Do not hesitate to reach out to them.