Hedge Bet Calculator

Hedge betting means placing a second bet on the opposite outcome of an existing wager to reduce risk or lock in a guaranteed profit. It is commonly used when a futures bet or parlay leg is close to hitting and you want to secure some profit regardless of the final result.

You should consider hedging when the potential payout of your original bet is significantly larger than your original stake, and the hedge odds are favorable enough to guarantee a meaningful profit. Hedging too early or at poor odds can reduce your overall expected value.

Equal-profit hedging calculates the exact hedge stake needed so you earn the same profit whether your original bet or the hedge bet wins. This is the most common hedging strategy as it removes all variance from the outcome.

Technically, yes — if your original bet is +EV, hedging reduces your long-term expected value because you are sacrificing upside for certainty. However, locking in a guaranteed profit can be the right decision depending on your bankroll and risk tolerance.