Hedge calculator
With $100.00 at +500, hedging $360.00 on the other side at −150 makes +$140.00 whichever side wins.
A hedge is a bet on the other side of a ticket you already hold. The equal-profit hedge stakes what the open ticket would return divided by the other side’s decimal odds, so the result is the same whichever side wins. Type your ticket’s price and stake and the other side’s price now.
The hedge
- Hedge to place
- $360.00
- on the other side at −150
- Profit either way
- +$140.00
- whichever side wins
- The ticket returns
- $600.00
- $100.00 at +500, if it wins
Either way: without the hedge and with it
No hedge: what the ticket returns. With the hedge: the net result of both bets.
| Result | No hedge | With the hedge |
|---|---|---|
| Ticket wins | $600.00 | +$140.00 |
| Other side wins | $0.00 | +$140.00 |
Questions about the hedge calculator
How much should a bet be hedged?
The equal-profit hedge gives the same result either way: stake the open ticket’s return divided by the other side’s decimal odds. A smaller hedge keeps some of the ticket’s upside and fixes less; a bigger one turns the hedge into a bet of its own.
When does hedging make sense?
Usually when a ticket has moved a long way in your favor, such as a futures bet before the final or the last leg of a parlay, and a sure result matters more to you than the extra upside. Every hedge pays the book’s margin on the hedge bet, so it costs a little on average.
Does hedging cost money?
On average, yes: the hedge is placed at a price with the book’s margin in it, so the hedged result is a little lower than the ticket is worth at fair odds. What it buys is certainty.
How is the last leg of a parlay hedged?
Treat the parlay as one ticket: its price is the parlay’s whole price and its stake is what you staked. Type the other side of the last leg as the hedge price.
Is a hedge the same as cashing out?
No. A cash-out is the book buying the ticket back at a price it sets; a hedge is a new bet you place, often at a better price at another book, so the two can be compared before taking either.