Both sides of the slip
Hedge Calculator
Enter your original bet and the odds on the other side to see the hedge stake and your profit either way.
Break-even: H = S ÷ (D₂ − 1)
Profit if original wins = S(D₁ − 1) − H
Profit if hedge wins = H(D₂ − 1) − S
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Guides that go with this calculator.
FAQ
Frequently asked questions
What does hedging a bet mean?
Placing a second bet on the opposite outcome so you win something either way. With $100 on +300 and the other side now −200, a hedge of $266.67 locks in $33.33 whichever side wins.
What is an equal-profit hedge?
The hedge stake that leaves you with the same result whichever outcome happens: original stake × original decimal odds ÷ hedge decimal odds.
What is a break-even hedge?
The smallest hedge that gets your original stake back if the hedge wins, while keeping most of the upside. In the example above it is $200.00: you profit $100.00 if the original bet wins and break even otherwise.
Should I hedge a futures bet?
It depends on how much certainty is worth to you. $100 on +1000 hedged at −500 locks in $83.33 either way with a $916.67 hedge. Hedging always gives up some expected value to the bookmaker’s margin on the second bet.
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