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Hedge Calculator: How Much to Hedge a Bet

Enter your original bet and the odds on the other side to see the hedge stake and what you net on either outcome. American, decimal, fractional and other odds formats.

What is a hedge calculator?

A hedge calculator shows how much to bet on the other side of an existing bet so that you net the same amount whichever side wins. Enter your original stake and odds and the odds on the other side, in American, decimal, fractional or another format. It returns the hedge stake, the net return on either outcome after both stakes, and your total investment.

Why use a hedge calculator?

  • See exactly how much to hedge for an equal result on both outcomes
  • Check whether a hedge locks in a profit or a loss before you place it
  • Hedge a parlay or futures bet with one leg or outcome left
  • Enter odds as American, decimal, fractional or another format

How to use the hedge calculator

  1. 1Choose the odds format you have, such as American (+750) or decimal (8.50)
  2. 2Enter your original stake and its odds
  3. 3Enter the odds available on the other side
  4. 4Read the hedge stake, the net return on either outcome and your total investment

Example: hedging $100 at +750 with +200

A $100 bet at +750 returns $850 if it wins. To hedge at +200, bet $850 / 3.00 = $283.33 on the other side. If the original bet wins, you net $750 - $283.33 = $466.67. If the hedge wins, it returns $850, and you net $850 - $283.33 - $100 = $466.67. Your total investment is $383.33.

How to calculate a hedge bet

Hedge stake = original stake × original decimal odds / hedge decimal odds. That makes the hedge return the same amount as the original bet.
Net return on either outcome = original stake × (original decimal odds - 1) - hedge stake.
An equal hedge is profitable only when the implied probabilities of the original price and the hedge price add up to less than 100%.

Hedge examples

The equal-return hedge for each bet and the net result on either outcome, after both stakes.
  • $100 at +750, hedge at +200: hedge $283.33, net $466.67
  • $100 at +300, hedge at -200: hedge $266.67, net $33.33
  • $50 at +400, hedge at -150: hedge $150.00, net $50.00
  • $100 at +150, hedge at -120: hedge $136.36, net $13.64
  • $100 at -110, hedge at -110: hedge $100.00, net -$9.09

Hedge Betting FAQ

Understanding Hedging

For the same net result on both outcomes, the hedge stake is your original stake times its decimal odds, divided by the hedge decimal odds. A $100 bet at +750 (8.50) returns $850, so a hedge at +200 (3.00) takes $850 / 3.00 = $283.33. Either way you net $466.67 after both stakes. A smaller hedge keeps more of the original upside and protects less; this calculator shows the full, equal-return hedge.