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Free hedge calculator
Stake your original stake times its price, divided by the price on the other side. That makes both results pay the same amount. It leaves a profit only if the two prices' implied chances add to less than 100%; otherwise it caps a loss. Enter your bet and the other price below.
Hedge calculator
Hedge stake
$187.50
Return either way
$300.00
Result either way
+$12.50
Staking $187.50 on the other side returns $300.00 whichever side wins, which is +$12.50 after both stakes, at these prices.
18+. Arithmetic on the prices you enter, not a tip or a prediction. Prices can move, and bets can be limited or voided, before both are placed. Gambling Help Online: 1800 858 858.
The live version
BetBank matched betting tools size the cover on a bet with the exchange commission included.
Worked example. A $100 bet at 3.00, with the other side now at 1.60: hedge stake = $100 x 3.00 / 1.60 = $187.50. Either outcome returns $300.00, so the result is +$12.50 after both stakes. With the other side at 1.80 against an original 2.00 the same hedge returns $200.00 on $211.11 staked: -$11.11, which caps a loss rather than locking in a profit.
What it assumes. A two-outcome market and a hedge that is backed at a bookmaker (use the back and lay calculator for an exchange). It ignores the chance that the price moves before you place the hedge, and a hedge gives up the chance of the larger outcome in return for a certain result at those prices.
18+. These calculators do arithmetic on the numbers you enter; they are not tips or predictions. Gambling can be harmful. For free, confidential help call Gambling Help Online on 1800 858 858 or visit our responsible gambling page.
You place a bet on the other outcome after your first bet, so the result is less dependent on which side wins. Done fully, both outcomes pay the same.
No. It does only when the original price and the new price together imply less than 100% (the book is under 100%). Otherwise a full hedge locks in a smaller loss than the one you risk, which can still be worth doing.
If you believe the original price was good value, hedging gives some of that value away. Hedging trades expected value for a smaller spread of results, so it is a choice about risk, not a way to make a bet better.
Yes. Enter a smaller original stake, or stake less than the full hedge: any amount between nothing and the full hedge sits between the two extremes.
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