Hedge bet calculator
How much to bet on the other side to lock in the same profit whichever way it goes.
Result
- Hedge stake
- $105.00
- Result either way
- $45.00
- Without a hedge, if it wins
- $150.00
- Without a hedge, if it loses
- -$25.00
Whichever side wins, you finish with the result above. A negative number means the hedge locks in a loss.
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How it works
Hedging means betting the other side of a bet you already have, sized so you finish with the same result whichever side wins. It's most common on the last leg of a parlay.
Enter your original bet and the odds you can get on the other side. For a parlay, use its total odds as the original bet.
To hedge a bonus bet instead of cash, use the bonus bet converter: a bonus bet doesn't return its stake, so the math is different.
How much should I hedge?
Enough that both outcomes pay the same. Take a $25 parlay at +600 with one leg left. If it hits, it pays $175. The other side of that last leg is -150, so a hedge of $105.00 pays $175 too: $70 in profit plus the $105 back.
Either way you finish $45.00 ahead: $175 back against the $130 you bet in total. Without the hedge, you'd either win $150 or lose $25.
Is hedging worth it?
On average, no. The hedge is an ordinary bet at your book's price, so it carries the vig like any other bet, and its expected value is usually slightly negative. What you get for that is a guaranteed result instead of a swing.
Whether that trade is worth it depends on how much the swing matters to you. If the hedge price is at or better than fair, which you can check with the de-vig calculator, hedging costs you nothing on average.