Hedge calculator
Lock in a guaranteed profit or limit a loss by betting the other side at a different book. Enter your original stake and price plus the hedge price available on the opposite side. We return the equal- outcome hedge stake and the guaranteed profit.
Dec 6.000
Dec 1.714
Equal-outcome hedge
Hedge stake
$175.00
Guaranteed profit
$75.00
If original wins
$75.00
Profit on original minus your hedge stake.
If hedge wins
$75.00
Profit on hedge minus your original stake.
When a hedge is worth it
Hedging guarantees an outcome but costs you EV. In most cases, holding your original ticket has higher expected value than hedging, even when the hedge locks in a small profit. The exception: futures that hit the final weeks and your mental-risk capacity no longer matches the theoretical EV. A future you placed at +5000 that is now +300 with 2 weeks to go is a classic candidate; locking in 5x your stake beats the emotional bandwidth of riding variance for a marginal EV gain.
Check our EV calculator to compare your hedged guaranteed outcome against the expected value of riding the ticket.
Kelly calc · Parlay calc · No-vig calc
Hedging guarantees an outcome but costs you EV. In most cases, holding your original ticket has higher expected value than hedging, even when the hedge locks in a small profit. The exception: futures that hit the final weeks and your mental-risk capacity no longer matches the theoretical EV. A future you placed at +5000 that is now +300 with 2 weeks to go is a classic candidate; locking in 5x your stake beats the emotional bandwidth of riding variance for a marginal EV gain.
Check our EV calculator to compare your hedged guaranteed outcome against the expected value of riding the ticket.
Kelly calc · Parlay calc · No-vig calc