Risk management · guaranteed return
Hedge Calculator
Find the exact counter-bet that locks in profit no matter the outcome.
Original Bet
Hedge Bet
How hedging works
You placed a bet and now the opposite side is available (often at a different book or live in-play). Hedge stake = original stake × (original decimal − 1) ÷ hedge decimal. This equalises your return whether the original or hedge wins.
Example: $100 at +300 (4.0×), team made the final. Other side now −200 (1.5×). Hedge stake = 100 × 3 / 1.5 = $200. If original wins: $300 − $200 = $100 guaranteed.
FAQ
When should I hedge?
When your original bet moved heavily in your favor and you can lock in profit, or when the original bet is now too large relative to your bankroll. Hedging reduces variance at a cost to expected value.
Is hedging the same as arbitrage?
No. Arbitrage finds two prices at different books simultaneously where combined vig is negative. Hedging is done after an original bet moves in your favor.
Does hedging reduce EV?
Almost always yes. You placed the original at the +EV price; hedging at less favorable odds reduces expected profit. The tradeoff is variance reduction.
Can I hedge a parlay?
Yes. Enter the parlay's effective decimal odds and original stake. The calculator works the same for any original bet type.
More: Calculator hub · Odds Converter · Kelly · Parlay · No-Vig
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