Online Betting / Hedge Betting Calculator

Sports Betting Hedge Calculator: Hedge Your Bets Easily & Accurately

James Leeland
Editor
Fact checked by: Jim Knight
Last Updated on 15.05.2024

Our hedge betting calculator was developed to make betting strategy simpler by helping you secure potential profits or limit losses. Our user-friendly tool calculates optimal stakes for hedged bets. Free and accessible to all sports betting enthusiasts anywhere.

After looking at our cutting-edge hedge calculator, this page will walk you through all the nuances of hedge betting. From using our calculator properly to expert strategies for strategic hedging and how it can safeguard profits while ultimately reducing risks, our comprehensive guide promises to enhance any betting strategy. We’ll also explore sports best suited to this strategy.

Read More

Enhance Your Hedge Betting With the Help of Our Calculator

Hedge calculator

Odds Format
 / 
 / 

Brief Overview of a Hedge Bet Calculator

The hedge bet calculator is an innovative tool that calculates the optimal bet amount to ensure either profit or limit potential losses in any event, regardless of its outcome. By evaluating odds and your initial stake, this straightforward solution allows for quick adjustments based on changing circumstances or insights.

What Does a Sports Betting Hedge Calculator Do and How Does it Help?

The hedge bet calculator’s primary function is to simplify and automate the complex calculations involved with hedging bets. Calculating optimal amounts to wager on various outcomes to either guarantee profits or limit losses requires extensive mathematical knowledge and time-consuming working out. Our calculator streamlines this process by instantaneously giving you precise stake amounts for every possible outcome by inputting basic details like odds for both bets and initial stakes.

Quick Guide to a Hedge Bet

This kind of bet is basically designed to try and minimise any losses from a previous bet. So, you’re effectively placing a new bet on the opposite outcome to what you initially wagered on. The aim is to secure profits or minimise financial risk regardless of the event’s final outcome. Hedging is commonly used when a person’s confidence in the initial bet wavers due to new information or changing circumstances.

Hedge Bet Example from the Premier League

So, you decide you’re going to put a £100 bet on Liverpool to beat Chelsea. The odds are placed at 2.5. That means you’re expecting your potential return of £250 (£150 profit plus your initial stake) should they win that match. But on match day, you discover Mo Salah has been injured, significantly diminishing their chances of victory and increasing your potential loss.

As part of your strategy to hedge, you decide to place another bet on Chelsea at odds of 3.0 using the multi bet hedge calculator. Assuming all outcomes remain equal for this match, placing £83.33 will guarantee a profit regardless of its final result:

  • If Liverpool wins, your total return from that bet is £250, but you lose your £83.33 bet on Chelsea, netting you a profit of £66.67 (£250 return – £100 original bet – £83.33 hedge bet).
  • If Chelsea wins, your return on that bet is £249.99 (£83.33 bet x 3.0 odds), but you lose your original £100 bet on Liverpool, resulting in a profit of £66.66 (£249.99 return – £100 original bet – £83.33 hedge bet).

Hedge Betting with a Biased Approach

There is also bias to think about. You could hedge a bet while having more confidence in one specific outcome. In this example, if you still think Liverpool would win, you could bet just £50 on Chelsea; if your original bet goes through, you’d walk away with £100.

On the other hand, say you had an inkling that Chelsea would pull through, so you hedge more on them – £150. If they do win, you’d walk away with £200. Both strategies aim to ensure a profit or reduce potential losses, but they differ based on where the bettor expects the most favourable outcome.

The major thing to note with biased hedging is that if the other team without the bias wins, it would end in just a push (no profit gain).

Pros of a Hedge Bet

Hedging is an increasingly popular betting strategy due to its ability to reduce risk. From unexpected circumstances or seeking profit across bookmakers with different odds, hedging offers a safety net should anything go wrong in any bets placed.

This strategy protects your investment and adds an element of strategy to gambling, thereby offering more calculated and assured decisions in uncertain circumstances. If used wisely, this transforms high-risk bets into calculated undertakings that allow you to reduce losses while still maintaining the potential to walk away with some winnings.

Sports to Focus on With Hedge Betting

Hedge betting is relevant to various sports, where the dynamics of the game and betting odds can change significantly. This strategy is great to use in sports with high unpredictability and vast betting markets.

Football (Soccer)

Everyone knows how popular football is. A lot of that is down to unpredictability. But that’s also why it is useful for hedging. You have all sorts of markets, including things like match winners and goal totals. There are also in-play options on trivial things like corners or fouls. That’s why hedge betting in football can be particularly effective, given its propensity for shocks or sudden changes of momentum. You can adjust your position midgame or as tournament scenarios unfold to protect against unexpected outcomes.

Basketball

Basketball’s fast-paced nature and frequent scoring makes it the ideal sport for hedge betting. Tight games with lead changes create numerous opportunities for hedging at any point. Point spreads, totals and quarter bets provide multiple entry points for strategic hedging strategies. Basketball also boasts high degrees of volatility coupled with vast amounts of statistics and trends that allow you to make informed decisions that either increase profits or mitigate losses and optimise hedging betting strategies.

American Football

American Football makes for ideal hedge betting thanks to its structured nature. Each half and quarter provides opportunities for bettors to adjust wagers accordingly. Football’s unpredictable comebacks and shifting momentum make live betting exciting. With point spreads, over/unders, and prop bets available, you can utilise statistical information about each game to make more efficient bets that optimise hedging efficiency.

Our Useful Sports Betting Hedge Calculator

To help you with hedging, here is our intuitive sports betting hedge calculator, designed to simplify your hedging process. Start by choosing your odds format. Then enter your stake. Next, add the odds for your first and second bet (your original bet and then your hedge bet). Finally, hit calculate, and you’ll see a breakdown of your bets and the amounts you need to stake for your hedge bet.

Hedge calculator

Odds Format
 / 
 / 

3 Reasons Why You Should Use a Hedge Betting Calculator

Hedge betting calculators can give you strategic insight into your bets. By quickly and effortlessly calculating potential profits or losses, a hedge betting calculator makes more informed and smarter bets possible.

1. Precise Profit and Loss Prediction

One key advantage of using a hedge betting calculator is its precision when forecasting profits and losses. By eliminating uncertainty in your calculations, this tool provides results based on different scenarios – both biased and unbiased– that are essential for effective risk management. You simply input odds and stake details for accurate stake amounts in every case.

2. Maximising Efficiency of Bets

Hedge betting calculators also improve efficiency in the betting process by automating calculations for hedging, saving time, and minimising human errors. You no longer have to spend hours deciphering probability theories and mathematical formulas on paper or spreadsheets. Instead, you can quickly evaluate hedging strategies, compare results, and make decisions on the go. This sort of efficiency streamlines procedures and allows you to seize more opportunities as quickly as circumstances change, creating more dynamic betting experiences overall.

3. Boosts Confidence in Decisions

An unparalleled advantage of the 3-way hedge bet calculator lies in the increased confidence when making decisions. Bettors who gain access to clear, concise, and accurate information regarding potential returns and risks experience a boost of assurance when placing bets. This way, you can approach sports betting with increased optimism while remaining prepared to manage unpredictability.

Top Hedge Betting Bookmakers

When it comes to sports betting, selecting the right online betting sites is crucial for effective hedge betting strategies. Here are our top picks:

1.
Bet365
  • Bonus: First Bet Safety Net up to $1000 OR Bet $5 and Get $150
  • VIP Club, Loyalty Program
  • Cash Out, Partial Cash Out
Play Now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
2.
BetMGM
  • Bonus: Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
  • VIP Club, Loyalty Program
  • Cash Out, Live Streams
Play Now
T&Cs apply, 21+
PayNearMe
Skrill
PayPal
Bank Transfer
+9
3.
DraftKings
  • Bonus: 20% up to $1000
  • VIP Club
  • Cash Out
Play Now
T&Cs apply, 21+
PayPal
VIP Preferred
Play+
Discover
+5
4.
BetRivers.com
  • Bonus: Second chance bet: Get up to $500 in Bonus Bets
  • VIP Club
  • Cash Out, Live Streams
Play Now
T&Cs apply, 21+
PayNearMe
Bank Transfer
VIP Preferred
PayPal
+6
5.
FanDuel
  • Bonus: Bet $5 Get $150 in Bonus Bets if your bet wins
  • VIP Club
  • Cash Out, Live Streams
Play Now
T&Cs apply, 21+
Prepaid Card
PayNearMe
PayPal
Bank Transfer
+8

Suggestions for Using Hedging Calculators

We’ve put together a helpful list of tips below so you can make the most of our free hedge calculator for betting. Keep reading!

Understand the Difference Between a Back and a Lay

Back betting involves wagering on the outcome you expect will take place, such as backing a team or player to succeed. Conversely, lay betting involves betting against specific outcomes, effectively acting like the bookie by gambling against it happening. Hedging strategies depend upon understanding these core distinctions.

Get a Grip on the Different Types of Hedging Bets

You will find that hedging is applicable across multiple, varied bets. That means parlays, as well as futures and live betting. A parlay is simple. It’s just combining a few selections into one to try and get a better payout. Futures bets are on events happening far into the future, like league winner projections. In terms of live or so-called in-play betting, you can get involved in the action on a real-time basis as odds fluctuate. Understanding how to apply your hedging strategies across these bets enhances your ability to manage risks effectively.

Thoroughly Shop Around for Odds

Shopping around for the best odds in sports betting, particularly when employing hedging strategies, is essential. Astute bettors maintain accounts across several betting platforms to compare odds and ensure they’re placing bets at optimal value. This approach not only maximises potential returns but also opens up additional avenues of effective hedging by finding out discrepancies that could be exploited.

Try Our Other Fantastic Betting Calculators

Explore our wide variety of sports betting calculators designed to enhance your strategy and increase the odds of success. From an advanced dutching calculator to a simple moneyline calculator, you can find the ideal tool to assist you with making better betting decisions.

Concluding Our Hedge Betting Calculator Page

No matter your level of experience, understanding and employing hedge betting strategies can have a profound effect on your betting success. A hedge bet calculator offers users instantaneous breakdowns of the stakes required for winning or avoiding loss, saving valuable time and effort when planning bets. All you must do is input your stake and odds, then the calculator does the rest. Given that hedge betting is applicable to sports like football or basketball, you can apply it to a variety of different markets to enhance your strategies.

Useful Betting Bonuses for Hedge Betting Calculators

Unlock the potential of your betting strategy with our selection of useful betting bonuses, some of which could be ideal when using a hedging calculator. Check them out here.

1.
Bet365
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Play Now
At bet365 we don’t do ordinary, that’s why if you sign up now you’ll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
2.
BetMGM
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Play Now
T&Cs apply, 21+
PayNearMe
Skrill
PayPal
Bank Transfer
+9
3.
DraftKings
20% up to $1000
Play Now
T&Cs apply, 21+
PayPal
VIP Preferred
Play+
Discover
+5
4.
BetRivers.com
Second chance bet: Get up to $500 in Bonus Bets
Play Now
T&Cs apply, 21+
PayNearMe
Bank Transfer
VIP Preferred
PayPal
+6
5.
FanDuel
Bet $5 Get $150 in Bonus Bets if your bet wins
Play Now
T&Cs apply, 21+
Prepaid Card
PayNearMe
PayPal
Bank Transfer
+8

Hedge Bet Calculator FAQs

🏈 What does hedging refer to when talking about sports betting?

Basically, this is a strategy to try and avoid loss or even get a win. It means you’re placing bets on multiple varied outcomes. In a nutshell, that’s hedging. This strategy can be particularly effective when someone already has an established bet with the potential for significant success and wishes to reduce risk or guarantee profit.

🧮 What do hedge betting calculators do?

When using an online hedging calculator, you are applying your initial stake and odds for both the bets to see how much you should actually wager on the hedge to ensure a win gain or minimise those pesky losses, regardless of what outcome may arise.

🏐 In hedge betting, what sports should you go for?

In terms of hedging, there are lots of sports that apply. The best are those with a vast array of markets and constantly changing odds. In particular, we’re thinking of football, basketball, or even American football. Notably, football and basketball are good due to the many variables within each match that could impact outcomes.

🙌 Can you use bonuses alongside hedge bets?

Alongside a hedge bet, you can use bonuses to try and increase profits and keep risks down. There’s a whole host of online sportsbooks that provide bonuses. These vary, but you can expect free bets or even deposit matches sometimes. This makes your hedge more efficient.

️🙋 When talking about hedging, what is a back and a lay?

Back betting involves placing money on one outcome happening, such as picking your team to win its match. Meanwhile, lay betting involves betting against an outcome occurring, such as picking against your team not winning its match.