Hedge Calculator
Calculate the exact hedge stake needed to lock in profit (or minimize loss) on a winning futures or live bet. Useful when your original wager is in a strong position and you want to guarantee a return.
Original Bet
Hedge Bet (Other Side)
Custom Hedge Stake
When to Hedge
Hedging makes sense when:
- You hold a futures ticket nearing resolution (e.g., Ohio State to win the CFP; they\'re now in the championship game)
- A parlay is one leg away from cashing and you want to lock in profit
- A live bet is currently winning by a wide margin and you want to guarantee return
- You want to reduce variance on a large position even if it lowers expected value
The downside: hedging always reduces expected value compared to letting the original bet ride. The calculator shows you exactly what guaranteed return you\'re trading for the upside of a clean win.
Example: Ohio State Futures
You bet $100 on Ohio State at +500 to win the College Football Playoff. They\'re now in the championship game as a -200 favorite. Your original ticket is worth $500 profit if it cashes; $0 if it loses.
To lock in equal profit either way, you\'d hedge with approximately $200 on the opponent at +170 (or whatever the other side is). Either outcome returns roughly $200 in profit; a guaranteed return regardless of result.
This is the classic use case for hedging: late-stage futures with strong original positions.