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Hedging Calculator 2024: Calculate Your Hedge Bets Easily

Publish Date: 23/01/2024
Fact checked by: James Leeland

Hedging Calculator: Calculate Your Stakes for Hedging Bets

Using a hedging calculator allows you to work out how much you need to back or lay in an attempt to guarantee a profit or even reduce your loss.

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Using our hedging calculator will allow you to see a complete breakdown of your bet once you have inputted the relevant odds into the calculator. This takes a lot of guesswork out of your betting journey and gives you all the information you need.

What Is A Hedging Calculator And Its Purpose Of Use?

Before you get to grips with any form of online betting calculator, you need to fully understand the subject matter.

The main question everyone asks is ‘What is hedging?’. Hedging in terms of sports betting is where a punter will place an original bet before later placing a second one in a bid to guarantee a profit or limit your loss.

There will be times on your betting journey where you place a bet on a team to win a tournament, but you are unsure that it will come through for you. You then place a second bet in an attempt to at least take some money home. Hedging your bet is a form of insurance to try and make a profit or just reduce any losses.

If you are backing a market that is a two-way outcome like BTTS, then the hedging calculator will allow you to put in your first bet odds and your stake and then your hedge bet. In a second, the calculator will show you exactly how much you need to stake on each bet and how much you could potentially win or lose.

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Back And Lay In A Hedging Bet

When you are exploring the world of hedging betting, there are two terms that you will automatically come across - Back and Lay. It is important you understand what these mean before attempting to place any bets. Here is a brief table on what they both mean.

TermDescription
BackIn a situation where there can be two outcomes, you would back the team you think will win. That is a back bet.
LayThe lay means you would be betting against your original selection.

Types Of Hedging Bets

Here is a brief table on what kind of bets are used when using the hedging strategy:

Type Of Bet

Description
Futures BetBetting on the futures market has the potential to give you long odds before the competition starts. This will allow you to hedge your bet if your selected team reaches the final of the competition.
Parlay BetIf you back a parlay bet with four selections and three of them have already come in. You can hedge against the fourth one to ensure you get something back and minimise your loss if your original selection fails.
Live BetYou need to be quick and smart in this market. You will follow the action and pick the right time to hedge your bets. For example, if you back over 2.5 goals and inside half an hour it’s 1-1, you could then back under 2.5 goals to reduce your liability or ensure a profit either way.

Main Purpose Of A Hedging Calculator

The main aim of a hedging betting calculator is to help you work out how much you would need to use as a stake to help guarantee a profit or even reduce your losses. A hedging betting calculator can also be designed to help minimise the risk when you place a sports bet.

The hedging calculator was designed for punters who are looking to exploit the betting market for their own gain. That sounds more sinister than it actually is. The bettor is mainly looking at ways to guarantee a profit and by hedging their bets they are giving themselves the best opportunity to do so.

How To Use A Hedging Calculator 

The following steps will allow you to safely place a hedging bet using our hedge bet calculator. Once you have understood how it all works, have a practice with this calculator and see how it works before placing a real bet.

  1. Open up the hedging calculator
  2. Choose which format you wish to use - fractional, decimal or American
  3. Input the amount you wish to bet
  4. Enter the odds of your first bet
  5. Then enter the odds of your second bet
  6. Press Calculate
  7. You will then get a breakdown of your bets and what you need to stake for any hedge bet

Here Is Our Hedge Betting Calculator 

Below is our online hedging calculator. Use your preferred odds format before entering the two selections you are going to use. Take your time in getting to grips with this hedging calculator and make sure you fully know how it works before trying it out for real.

Hedge calculator

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What Is The Difference Between Hedging And Arbitrage Betting?

It is important in the world of sports betting to not get the terms and strategies confused. It is easy to do.

Some bettors find it hard to work out the difference between hedging and arbing (arbitrage betting). To simplify it, hedging involves more than one bet in opposite directions in an attempt to guarantee a profit or minimise a loss.

Arbing will see a punter use a betting exchange to take advantage of a market wherever it is possible to cover all outcomes and guarantee a returned profit.

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Hedge Betting Strategy 

Choosing The Right Market

Game betting and futures betting are the most popular markets to use when it comes to hedge betting. A lot of bettors prefer the futures side because it is easy to process.

Compare Different Odds

You must compare all the different odds across various betting websites. This will give you a feel for the market and also allow you to get in early and get the best prices.

Do Not Be Scared To Limit Your Losses

We all bet on sports to make a profit. That is the end goal, but sometimes it doesn’t have to be. You can hedge bets to minimise your losses on some bets that you feel have no chance of coming through.

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Other Betting Calculators We Offer 

Dutching Calculator

Our dutching calculator was designed to make things easier for the bettor. This tool will calculate the odds of a bet when the punter backs more or one outcome in the same market - whether that is football, horse racing or even golf - using different bookmakers.

Accumulator Calculator

Bettors like to place accumulators on football matches with up to 20 selections in one bet in multiple markets. The number you use is a preference. The online accumulator calculator will put all the individual odds into one large bet.

Tricast Calculator

A tricast bet will see punters usually backing three horses in one race and the order they feel they will finish. By using a tricast betting calculator you will see all the odds in one place and what potential returns you could receive.

Asian Handicap Calculator

Asian handicaps see teams handed a virtual advantage before the event starts. The Asian handicap calculator will work out any potential profits from your selections.

Yankee Calculator

A Yankee bet consists of four betting selections converting into 11 bets in total. The Yankee calculator will work out all your potential returns from your selections.

Parlay Calculator

Parlays are similar to accumulators, but these are mainly used with American sports like basketball, baseball, ice hockey and American football. The parlay calculator allows you to combine several individual bets into one main bet.

Hedge Betting Gives You More Of A Chance

Sports betting is used by bettors to try and win money, it is as simple as that. No one likes to be out of pocket when they could have done something to prevent it from happening.

Hedge betting gives you that chance to minimise any losses you could incur while betting and maybe guarantee a profit if the circumstances move in your favour. The hedging calculator will give you an in depth breakdown of your bet and fully explain what you need to do in order to return that profit.

Hedge Betting Calculator FAQ

❓ What Is Hedge Betting?

Hedge betting is where you back more than one outcome in a bid to return a profit or minimise any losses.

🧮 What Is A Hedge Betting Calculator?

An online hedging calculator is no different to any other betting calculator. It allows you to input your selected odds and gives you an in-depth breakdown of what that bet consists of for you to turn a profit.

🤷 Why Should I Use A Hedge Betting Calculator?

Using an online hedging calculator gives you an understanding of how much you would need to stake on a bet to gain the best financial outcome.

Some people avoid this strategy because they think it is illegal to do so. That is not the case. As well as being legal to do so, it is seen as a smart technique when it comes to reducing risk and earning a profit.

 

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