Strategic

Hedge Calculator

Lock in guaranteed profit on an open futures or live wager. Enter your original bet plus the hedge-side odds, and instantly see the optimal hedge stake and guaranteed profit.

The price you locked in originally (e.g., +500 Super Bowl future).
Current price for the opposing outcome.
Optimal Hedge Stake $0
Guaranteed Profit $0
Total Risk $0
If Original Wins $0
If Hedge Wins $0
Profit If Not Hedged $0

When to Hedge

Hedging is most useful when:

  • Open futures bet has moved into the money — your Eagles Super Bowl future is now favored; hedging locks in profit.
  • Live betting flip-flop — the team you backed is now ahead and you want to guarantee a return.
  • Risk reduction before a major event — you want certainty over upside.

How the Math Works

Equal Profit Strategy

The optimal hedge stake creates the same profit regardless of which side wins. Formula:

  • Hedge stake = (Original stake × Original decimal odds) / (Hedge decimal odds)

Example: $100 at +500 (decimal 6.0). Hedge at -200 (decimal 1.5). Hedge stake = (100 × 6.0) / 1.5 = $400. If original wins: $100 × 6.0 = $600 return − $500 total risk = $100 profit. If hedge wins: $400 × 1.5 = $600 return − $500 total risk = $100 profit.

Cover-Original-Stake Strategy

Stake just enough on the hedge to cover the original bet. Lower hedge stake; uneven profit between outcomes. Useful when you have a strong lean to one side but want to remove downside.

Important Considerations

  • Hedging at two different sportsbooks requires available balance at each.
  • Cash-out (offered by the original book) typically prices worse than a manual hedge at another book.
  • Hedging reduces variance but also reduces expected value compared to letting the original bet ride.

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