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Hedging means placing a bet on the opposite outcome to your original bet, after the odds have moved in your favor. By calculating the correct hedge stake, you guarantee the same profit regardless of the result.
It is most common with futures bets (backing a team to win a championship before the season, then hedging when they reach the final) or to cash out the last leg of a parlay.
Use our Arbitrage Calculator to find guaranteed profit opportunities before placing any bet.
It is most common with futures bets (backing a team to win a championship before the season, then hedging when they reach the final) or to cash out the last leg of a parlay.
Use our Arbitrage Calculator to find guaranteed profit opportunities before placing any bet.
Hedge when: (1) Your original bet has moved significantly in your favor and guaranteed profit is available. (2) You are on the final leg of a large parlay and want to secure a return. (3) Unexpected news (injury, weather) changes the probability of your original bet winning.
Do NOT hedge automatically — if your original bet still has positive expected value, letting it ride is mathematically correct. Use our EV Calculator to check before hedging.
Do NOT hedge automatically — if your original bet still has positive expected value, letting it ride is mathematically correct. Use our EV Calculator to check before hedging.
Hedge Stake = (Original Stake × Original Decimal Odds) ÷ Hedge Decimal Odds
Example: You bet $100 at 5.00. Potential return = $500. Hedge odds = 1.80. Hedge Stake = 500 ÷ 1.80 = $277.78. Total invested = $377.78. Guaranteed profit = $500 − $377.78 = $122.22.
Example: You bet $100 at 5.00. Potential return = $500. Hedge odds = 1.80. Hedge Stake = 500 ÷ 1.80 = $277.78. Total invested = $377.78. Guaranteed profit = $500 − $377.78 = $122.22.