Hedge Calculator
When a price moves after you bet, backing the other side can lock in the outcome. Enter your original bet and the current opposing price to see the hedge stake and exactly what you end up with either way.
Total staked €366.67
Both outcomes end in profit.
Returns €400.00
Returns €400.00
The formulas
Worked example
You staked €100 at 4.00, so your position returns €400 if it lands. The opposing side is now available at 1.50. For equal profit you hedge 400 ÷ 1.50 = €266.67. Total staked is €366.67 and either outcome returns €400, locking in €33.33 of profit whatever happens.
If instead you only want your €100 back, hedge 100 ÷ (1.50 − 1) = €200. That guarantees €300 back on the hedge side while leaving €100 of profit if the original bet still wins.
Common mistakes
- Hedging out of nerves rather than maths. If the hedge price is short, you are paying a large premium for certainty.
- Forgetting exchange commission. This calculator assumes fixed odds. On an exchange, commission reduces the hedge side's net return.
- Hedging a parlay leg by leg. Each hedge costs margin, so hedging every remaining leg usually destroys the value of the position.
Frequently asked questions
Related calculators
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- Kelly Criterion CalculatorSize a stake from your own probability estimate — and see when the maths says zero.
- Bet TrackerLog bets in your own browser and see real ROI, win rate and closing line value.
Last reviewed: 24 August 2026. Formulas on this page are checked against the unit test suite that powers every bet.ing calculator.