What hedging is
Hedging means betting on the opposite outcome to a bet you already have, so you win something whichever way it goes. It's common on the last leg of a parlay or on futures bets that are close to paying out.
Hedge calculator
Enter your original bet and the odds on the other side. See how much to hedge to lock in the same profit either way, or just to get your stake back.
Hedge stake$210.00
If original bet wins$90.00
If hedge wins$90.00
Total staked$260.00
For information only. Results use the odds you enter and don't include any sportsbook rules or limits.
How it works
Hedge calculator: the basics
Equal profit
An equal-profit hedge sizes the second bet so you make the same amount whichever side wins. You give up some upside in exchange for a guaranteed result.
Get your stake back
A break-even hedge only covers your original stake if the hedge wins, and keeps more of the upside if your original bet wins.
When hedging makes sense
Hedging always costs some expected value because you pay the sportsbook's margin twice. It's worth it when locking in a result matters more to you than the bigger payout.
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FAQ
Hedge calculator questions
How do I calculate a hedge bet?
For an equal-profit hedge, multiply your original stake by its decimal odds, then divide by the hedge's decimal odds. That's how much to bet on the other side.
Should I hedge the last leg of a parlay?
It depends on how much the guaranteed amount matters to you. Hedging locks in profit but gives up expected value. Use the calculator to compare the guaranteed result with letting it ride.
Can a hedge guarantee profit?
Only if the odds have moved in your favour since you placed your bet. If they haven't, the best a hedge can do is reduce your loss.