Hedge Calculator

Bet the other side of a wager you already hold to lock a guaranteed result — this finds the hedge stake for equal profit either way.

Worked example

You have $100 at +400 (decimal 5.00) on a team that’s now in the final. The other side is available at −160 (decimal 1.625). Hedge stake = (100 × 5.00) ÷ 1.625 = $307.69. Either result returns $500 on $407.69 staked — a locked +$92.31, versus a $400 win or $100 loss if you let it ride.

How it works

hedge_stake = (your_stake × your_decimal) / hedge_decimal
return      = your_stake × your_decimal        (same on either result)
profit      = return − (your_stake + hedge_stake)

FAQ

What is hedging a bet?

Placing a bet on the opposite outcome of a wager you already have, so you guarantee a result instead of leaving it to chance. It’s used to lock in a profit (e.g. on a live futures ticket) or to cut a potential loss.

How much should I hedge?

For equal profit either way, hedge stake = (your original stake × your original decimal odds) ÷ the hedge decimal odds. This tool computes it for you.

Should I always hedge?

No. Hedging locks a smaller, certain amount and gives up EV. If your original bet is +EV and you can stomach the variance, letting it ride usually has higher expected value. Hedge to bank a life-changing amount or when you need certainty.

Can hedging guarantee a loss?

Yes — if the price on the other side is poor (lots of vig), the guaranteed outcome can be a small loss. The calculator shows the locked result so you can decide whether it’s worth it.

What’s the difference between hedging and arbitrage?

Arbitrage places both sides at once for a guaranteed profit. Hedging happens after you already hold a bet — you’re managing an existing position, and the locked result can be a profit or a loss.

When do people hedge futures bets?

Commonly before a final: if your team reaching the championship gives your futures ticket big value, betting the opponent to win locks a guaranteed payout regardless of the result.

Educational tool only. Not betting advice or a guarantee of profit.