Hedge Calculator
You've already placed a bet and the line has moved in your favor. Enter your position and desired profit — we'll tell you what odds you need to find on the other side to lock it in.
What is hedging a bet?
Hedging is placing a bet on the opposite outcome of your original wager to reduce risk. If your original bet is winning — like a futures bet nearing its conclusion or a live bet where odds have shifted — you can lock in guaranteed profit by betting on the other side at the new odds.
This calculator tells you the minimum odds you need to find on the other side to guarantee your desired profit. Enter your original position and desired minimum profit, and we'll show you exactly what to look for.
When should you hedge?
Futures bets near the finish line: You backed a team to win it all at long odds before the season. They're deep in the playoffs now. Hedge to lock in profit before the final game.
Live bets with shifted lines: You bet on a team early in a game at good odds. They're winning big now and the other side's odds have ballooned. Hedge to guarantee profit before anything crazy happens.
Prediction markets: You bought shares at a low price, the market has moved in your favor, and you want to lock in gains without waiting for resolution.
The tradeoff: guaranteed vs. maximum profit
Without hedging, if your original bet wins you get the full payout. But if it loses, you lose everything. Hedging trades some of that upside for a guaranteed floor.
Set "guaranteed minimum profit" to $0 to break even no matter what. Set it higher to lock in more, but you'll need better odds on the other side. The calculator shows you exactly where that line is.