How to Use a Sports Betting Hedge Calculator
When you hedge a bet properly, your hedge bet offsets any loss you might face on your initial wager. Hence, I recommend using an online hedging calculator, which does all the heavy lifting. Thankfully, using a hedge calculator is relatively easy. First, you need to take note of the values to input, such as:
- Initial bet odds:
As the name implies, you need to enter your first bet odds into the calculator
- Initial stake:
You also need to input how much you staked on your initial bet
- Hedge bet odds:
Another value you must enter is your hedge bet odds. The calculator uses these odds to determine how much you need to stake on your hedge bet to get a profit
- Hedging strategy:
Note that not all hedge betting calculators require you to input a strategy. However, I’ve seen a few that allow you to choose your preferred tactics from a predetermined list. Some popular hedge betting strategies are Break-Even, Maximize Expected Value, and Equal Profit. From my experience, it’s best to have a master plan when using a hedge bet calculator.
Placing a hedge bet that pays just enough to cover any losses on your original bet is called a break-even strategy. With this tactic, you still receive more if your original bet hits, but you at least break-even when it loses.
Once you’ve determined your input values, you can go ahead and calculate your hedge bet by following these simple steps:
- Visit the hedge bet calculator’s website or app
- Input the initial bet odds and stake
- Enter the hedge bet odds
- Select your preferred hedging strategy, if required
- Click the “Calculate” button to get your results
Hedging calculators are like any other type of calculator – they take the available data and save you the stress of doing manual calculations, showing exactly how much money is needed to offset your original wager.
After you’ve entered the necessary data, the calculator will provide helpful information about your hedge bet. Here are the most common outputs I’ve seen from popular hedge betting calculators:
- Optimal hedge bet stake:
The calculator generates the optimal amount you need to stake on your hedge bet to balance any loss.
- Implied probability:
This is a conversion of your odds to mathematical probability. Most hedge calculators calculate it by default and display the initial and hedge bet probability.
- Payout scenario:
The payout scenario simplifies the results of the multi-bet hedge calculator. For example, after inputting the required values, the payout scenario showed me my profits if I won either bet.
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An Example of Hedge Betting
If you can’t wrap your head around hedge betting, there’s no need to worry. Here’s a simple example:
If I bet $100 on the Kansas City Chiefs to win the Super Bowl at odds +400 and they win, I'll receive a $500 payout ($400 profit). Let’s say they’ll play the Philadelphia Eagles with the following odds:
| Teams | Current odds |
| Kansas City Chiefs | -125 |
| Philadelphia Eagles | +130 |
I already stand to make $400 in profit if the Chiefs win, so to hedge this bet, I need to wager a certain amount on the Philadelphia Eagles to offset any potential loss. But the question is, how much do I stake on my hedge bet?
That’s where the hedge bet calculator comes in. On a 3-way hedge bet calculator, I entered my initial odds and bet amount, which were +400 and $100 for the Chiefs. To round things off, I added the Philadelphia Eagles’ odds, which was +130 and chose Equal Profit as my preferred strategy.
After clicking “Calculate,” the sports betting hedge calculator gave me an optimal hedge amount of $217.39, which would return $500 on +130 odds.
| Teams | Wager | Potential winnings | Winnings minus other bet | Winnings minus wager (Profit) |
| Chiefs to win | $100 | $500 | $500 - $217.39 ($282.61) | $282.61 - $100
($182.61) |
| Eagles to win | $217.39 | $500 | $500 - $100
($400) | $400 - $217.39
($182.61) |
As you can see, I had a profit of $182.61, regardless of the outcome.
Hedge Betting Explained
Hedge betting involves placing an alternate wager which balances any potential loss from the first bet. For example, if you wager on team A to win, you can hedge your bet by placing another stake on team B. However, you must hedge your bet properly to ensure a return regardless of the outcome.
During my research, I discovered that many bettors can’t differentiate between arbitrage and hedge betting. Arbitrage involves staking on all possible outcomes, whenever possible, for a guaranteed profit. You can use an
arbitrage betting calculator
to help you with your strategy here. Hedging, however, requires more than one wager in opposite directions to make a profit or minimize a loss.
Although you can hedge your bet using manual calculations, a hedge bet calculator makes things much easier.
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Why Should I Use a Hedge Betting Calculator?
Hedging your bets using manual calculations isn’t an activity I recommend. Why? Manual calculations are error-prone and take lots of time and effort. If you’re still in doubt, here are some reasons to use a free hedge calculator for betting:
Using a hedge bet calculator or a
matched bet calculator
isn’t rocket science. After exploring various hedge bet calculators, I discovered that they're remarkably easy to use. All I had to do was input the required figures and the tool did the work.
Although there are mathematical formulas for calculating hedge bets, they take lots of time. It gets even worse if you aren’t good at math. On the other hand, a hedge calculator automatically uses a formula to generate an optimal hedge bet amount. After inputting the required values, you’re good to go.
From my experience, I know how error-prone manual hedge bet calculations are. Before discovering hedge bet and
dutching bet calculators, I had to painstakingly double-check all calculations before placing my bet. Despite all that, I still fell victim to the occasional error.
That’s why a hedge bet calculator is the way to go. Rather than spend lots of time confirming your calculations, why not choose a tool that does it instantly?
4. Simplifies the results
While calculating your hedge bet is vital, understanding what to do with that information is a whole new ball game. That’s another area where a hedge bet calculator gives an advantage. Most of these tools simplify the results by showing you the perfect hedge bet amount and the implied probability. Others even go the extra mile to show the payout scenario on each of your wagers.
What other betting calculators are available?
Besides the hedge betting calculator, there are other calculators, each with its unique uses as seen in the table below.
| Calculator | Use |
| Arbitrage betting calculator | Lets you enter the odds of two or more bets and calculates how much to stake on each to make a profit |
| Dutching calculator | Determines how much you need to stake on several selections within the same market to maximize their payout potential |
| Matched bet calculator | Calculates how much you need to stake on your lay bet to get a profit |
Conclusion – Hedge betting made easy
Hedging your bet is a great betting strategy. However, you have to hedge your bet the right way to ensure a profit regardless of the outcome. Although there are formulas for calculating hedge bets, they require lots of time and effort and aren’t reliable.
Hence, I recommend using a sports betting hedge calculator. Thanks to this tool, all I had to do was to input the required values (initial bet odds, stake, and hedge bet odds) and click the “Calculate” button to generate the perfect hedge bet amount.
So, if you’re considering hedging your bet, use a hedge bet calculator to make the process easier.
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Hedge Bet Calculator FAQs
🤔 What’s hedge betting?
Hedge betting means placing an alternate bet to balance any potential loss from the first wager. When you hedge your stake properly, you make a profit regardless of the outcome.
💰 How can I use a hedge betting calculator?
To use a hedge betting calculator, you need to input the required values, such as initial bet odds, stake, and hedge bet’s odds. The calculator generates the right hedge bet amount you need to stake to guarantee a profit.
⚡ Why should I use a hedge betting calculator?
Using a hedge calculator has lots of benefits. Rather than calculating manually, a calculator is faster and prevents human error. Furthermore, many hedge
betting calculators
go the extra mile to provide other details, such as payout scenarios.
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