Hedge calculator: lock in a bet
You hold a bet and the price has moved your way. Enter your bet and the odds you can hedge at, and you get how much to put in to end up with the same result whatever happens.
Two ways to hedge
Lay it on an exchange: you bet that your selection does not win. Lay stake = your stake × your odds ÷ (lay odds − commission). The liability is the lay stake × (lay odds − 1).
Back the opposite outcome: in a two-way market (Over/Under, BTTS, a tennis match) you back the other side. Stake = your stake × your odds ÷ opposite odds.
An example
50 at 3.00. Before kick-off it shortens to 1.80 on the exchange, with 2% commission. Lay 84.27 (liability 67.42): you make +32.58 whether your selection wins or not.
If the price moves against you, the same formula tells you the most you lose by closing the position.
Frequently asked questions
What is hedging a bet? Betting the other way to fix the result, profit or loss, whatever happens in the match.
Why does commission go into the formula? Because the exchange only charges on what you win there. Taking it off the lay odds makes both results equal.
Should you always hedge? No. Hedging cuts risk but also expected profit if your original bet had value.
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