Hedge Calculator: Hedge Stakes for Futures, Parlays & Any Bet
Enter a bet you already hold and the price now available on the other side. The calculator returns the hedge stake that gives the same net result whichever side wins.
Hedge calculator
- Hedge stake
- $240.00
- If original wins
- +$60.00
- If hedge wins
- +$60.00
An equal hedge locks in the same result either way. It always costs some of the original bet’s upside, and whether to hedge at all is a choice about risk, not value.
How to use it
- Enter your original stake and the price you got, for example $100 at +300.
- Enter the best price available now on the other side, for example −150. Shop it across books: a better hedge price locks in more.
- Bet the hedge stake shown. Your net result is the same whichever side wins.
The math
hedge stake = stake × decimal(original) / decimal(hedge)
locked result = stake × (decimal(original) − 1) − hedge stake
A hedge is the same idea as an arbitrage, applied to a bet you already hold: when the two prices together imply under 100%, the locked result is a profit. To split a fresh stake across two books, use the arbitrage calculator; to find the best hedge price right now, compare US sportsbooks on the live boards.
Frequently asked questions
What is a hedge bet?
A hedge is a bet on the other side of a bet you already hold, usually after the price has moved in your favor. An equal hedge locks in the same result whichever side wins.
How do I calculate a hedge stake?
For an equal result either way: hedge stake = original stake × original decimal odds ÷ hedge decimal odds. $100 at +300 (decimal 4.00) hedged at −150 (decimal 1.667) needs a $240 hedge and locks in $60 either way.
Can I hedge a futures bet or the last leg of a parlay?
Yes. Enter the futures or parlay stake and its full price as the original bet, and the price on the other side of what is left (the opponent in the final, or the other side of the last leg) as the hedge price.
Should I always hedge?
Not necessarily. A hedge is usually placed at a price that includes the book’s margin, so on average it costs a little expected value in exchange for certainty. It is a risk decision, not a way to add value.
What if the hedge result is negative?
Then the price has moved against you: the hedge locks in a smaller, fixed loss instead of a profit. That can still make sense if you want to cap the loss, but it costs the chance of the original bet winning in full.
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