What is a hedging calculator?
So, let’s get acquainted with our hedge calculator. What does it do? Simply put, our hedge calculator helps you work out what kind of stakes you need to put down to make a hedge bet successfully.
This means showing you how much you will have to back or lay in a bet on a sporting event. By doing this, you’ll be able to guarantee yourself a profit, or at least reduce whatever losses you may have been facing. It’s never been easier to earn wins from the toughest sportsbooks!
What is Hedging and why hedge betting is good
Let’s clarify what we mean by hedge betting before we get carried away with showing you how our free bet hedge calculator works. Hedge betting is simply a strategy you can use to make sure that you don’t lose money when you place a sports bet on something. You can do this by putting down two or more opposing bets.
For example, you could bet that the New York Yankees were going to beat the Boston Red Sox. However, you could then put down a lay bet at a betting exchange that the Red Sox would beat the Yankees. Depending on how much you stake and what the bet odds are, you could make sure that you don’t make any losses or even make a profit regardless of what happened in the baseball game. This way either your original bet or hedging bet will win.
It’s easy to use our hedge calculator
Once you understand how hedge betting works, you’ll see that it requires a fair amount of mathematical know-how prior to deciding your bet amount/s. After all, you have to factor in the bet odds for the bet you’re backing and its betting stake, and then see what the lay hedge odds are and what stake you need to put down to guarantee a profit. Plus with things like the commission that a betting exchange imposes, its easy to make mistakes.
Thankfully our specialists have worked hard to make sure that our hedging calculator is as easy to use as possible. Just type in the odds, your stake, and the commission and you’ll quickly see how much you need to lay to get a guaranteed return. hedge calculator betting has never been this easy!
Use our hedging bets calculator on all sports
One of the best things about hedge betting is the fact that it can be used on pretty much any sporting encounter. You could hedge bets on a big Monday night football game in the NFL or try hedge betting on the NBA, NHL, or MLB. But hedge betting can also go way beyond regular sports like soccer and tennis.
Simply put, if a sportsbook and betting exchange is offering odds for the same thing, you can probably hedge it. This means that you could hedge bets on anything from MMA fighting and esports to politics and even reality TV. Plus the whole thing will be made so much easier and faster when you fire up our hedging bets calculator.
Why you need a bet-hedging calculator
While hedge betting is an excellent way of beating the sportsbooks, it’s not the easiest thing to put into action. Here are some of the key reasons why you’d need to fire up our betting hedge calculator.
1. To identify the odds needed in your hedge bet
Our hedge bet calculator offers you a great way to identify what kinds of odds you’d need in your lay bet. All you have to do is to type in the odds that a sportsbook is offering along with how much you were planning on betting. Now you can enter the different lay odds from different betting exchanges. This means that you can play around with different odds to see how each of these can help you avoid making any losses when you bet on a sporting event.
2. To understand the stakes required to complete a hedge bet
Hedge betting requires you to put down your betting stakes on both backs and lay bets in order to lock in a profit. Our hedging calculator’s main job is to let you know what kind of stake you need to put down when laying a bet for a guaranteed profit. Obviously the odds involved will determine the size of your stake, but our hedge calculator will be invaluable in sparing you the mental arithmetic required to understand how much money you need to put down.
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How to use our hedging calculator
So let’s see how our hedge calculator works. Obviously, we could go deep into the theory of hedge betting, but we think you’d be better served with some examples from real-life sports betting. All of which should give you plenty more reasons to use our hedge bet calculator.
1. An example from NFL hedge betting where you back first
Let’s imagine that you wanted to hedge your bets on a big football game between Houston Texans and New Orleans Saints. You decided to back the Saints to win first by putting down a $10 bet on odds of 2.00. Now you looked to see that a betting exchange was offering odds of 1.70 for the Texans to win. Plus you used our bet calculator to factor in the 5% commission added by the betting exchange.
Once you’ve typed in the above data, you’d see that if you put down a lay bet on the above odds, you’ll guarantee a payout of $1.67 regardless of what happened in the game. It might not sound like much, but obviously, the profit would be much more significant if you played with larger stakes. Plus things can gather momentum when you try hedge betting across the whole of the NFL season.
2. Examples from hedge bets on the NBA where you lay first
There might come a time when you’d prefer to lay your hedge bets first. Let’s say that you went to a betting exchange and found that it had lay odds of 1.40 for the LA Dodgers to beat the Boston Celtics in the NBA this weekend. You fancied this bet and decided to put down a $20 bet at the betting exchange. From here you entered this information into our bet calculator and added the 2% commission that the betting exchange applied.
Now you browsed around the different sportsbooks and found that the best odds going for the Celtics to win were 2.80. Once you’ve entered this information, our hedge calculator would tell you that you’d need to bet at least $10 to guarantee a profit of $9.80. Obviously, you can adjust the betting stake or hunt around for even better odds if you want to get more back from your sports bets.
Top tips for using our hedging calculator
We couldn’t just let you go without giving you a few handy tips for using our hedge calculator. After all, hedge betting is something that can take a fair amount of getting used to. So take a look below and see how you can use our hedging calculator to make some tremendous wins:
Bet on the biggest sporting events:
Your ability to successfully hedge bets relies on you being able to find the right kinds of sports bets to back and lay. As a result, you’ll get a much greater variety of bets for the larger sporting events like the NBA Finals and the Stanley Cup.
This doesn’t mean that you can’t hedge bets on things like beach volleyball, just that you might have to scout around twice as far to find the lay bets that our hedge calculator is asking for. Plus remember that sportsbooks will be undercutting each other with their odds for all of the largest sporting events which means more value for you.
Factor in the commission:
Hedge betting invariably requires you to use a betting exchange so that you can lay bets. While betting exchanges are great, they will always impose some kind of commission fees on the wins you make. Such fees might not look like much, but they can quickly eat away at your returns regardless of how ‘guaranteed’ your hedge betting profit is.
The good news is that our bet calculator will allow you to factor in such commission fees so that you can still lock in that profit. Plus don’t forget that some betting exchanges will even put on special offers that waive their commission fees every now and then.
The chance for problem gambling persists whenever bettors find new ways of beating the system. Please remember that no betting system can ever really guarantee you a profit. Our tips are intended for adults to use in a responsible and controlled manner. Our service is intended to merely optimize your performance, not present a “winning formula.”
We have even more of our bet calculators
We’re proud of our hedge calculator as it makes one of the trickiest sports bets accessible to even novice bettors. However, our hedging calculator is just one of the many first-class betting calculators featured on our site. We’ve got a bet calculator for every kind of sports betting challenge you’ll face. Take a look below to see some of the other bet calculators that we can offer you:
- Betting odds calculator: This is our entry-level bet calculator. It simply does an awesome job of helping you work out what kinds of winnings you could make from your next sports bet. All that you have to do is to input the odds, type in your betting stake, and then our calculator will reveal what kinds of wins you’ll make. Remember that this great piece of kit can be customized to account for different bet types. But whether you’re into betting on the NFL or NHL, it’s a great bet calculator for any sporting event.
- Parlay calculator: Once you’ve got the basics right, it’ll be time to have fun with parlay betting. A parlay bet can be really enjoyable as you can make some top winnings from some pretty small betting stakes. It merely requires you to predict the winning of two or more betting markets. Our parlay bet calculator will instantly show you what kinds of winnings you could make so that you don’t have to rely on your own arithmetic. Remember that this bet calculator is also great for tinkering with the selections that you include with your parlay bet. This means that you can keep adding selections for big wins or remove selections to keep your parlay bet within the laws of probability.
- Betting odds converter: Everyone will have their own preferred odds format, but you might sometimes encounter odds that are in a different format. This is where you’d want to fire up our betting odds converter. It can instantly convert pretty much any odds format. This means that you can convert American odds, decimal odds, fractional odds, or any other kinds of odds you encounter. As a result, you’ll always know what kinds of bets or bonuses are being put on regardless of how obscure that sportsbook is. An awesome way to make sure that you’re always betting on the best odds available.
Conclusion – Start making wins with our sports betting hedging calculator
Hedge betting might not be for everyone, but our hedging calculator certainly makes this bet a whole lot easier. You can simply access our free hedge calculator and quickly work out what kind of odds you need to lay and what stake to put down to lock in that profit. Remember that our hedging calculator can be used across all sports from football and basketball to hockey and baseball.
Obviously, you’ll have to be careful that you use our hedge bet calculator correctly as one small error could spell disaster for your session. But we’ve made sure that our hedge calculator gives all sports bettors the chance to give hedge betting a try.
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Hedging calculator FAQ
❓How does an online hedging calculator work?
Read our guide to using a hedging calculator to see how this software works. It’ll reveal how you can lock in a profit or minimize your losses on pretty much any sporting bet from the NFL to the NBA and beyond. Remember that this hedge calculator is just one of the many kinds of sports betting odds calculators we feature on our site. All of which can help you make more from your sports bets.
📱Where can I get a hedging calculator app?
We’ve got an awesome hedge calculator that you can use without having to download any kind of app or software. This means that you can lock in a profit on pretty much any sporting event. It’s perfectly suited for use on a smartphone, tablet, or computer. Plus it’s one of the many betting calculators featured on our site that is designed to take your sports bets to the next level.
⚡What is a three-way hedge calculator?
There are many different kinds of hedge calculators out there, but we believe that our hedging calculators are the best in the business. This is because it can be used to guarantee a profit regardless of how many sports bets you back and lay. Just don’t forget to check out our other kinds of sports betting odds calculators that you can use for a variety of different bets on sports.
🏈Can you use a stock hedging calculator for sports?
Hedging is a concept that can be used for a variety of speculative activities. This covers everything from betting on the stock exchange to wagering on sporting events like the Super Bowl, the World Series, and much more. But read our guide to using our hedging calculator to see what are the different scenarios you can use this technology on. A great way to lock in a profit with your wagering.
⭐How does a multi-bet hedge calculator work?
There are many different kinds of hedge bet calculators that can help you try and guarantee a profit for your sports bets. Check out our hedging calculator that allows you to work out how much you need to stake for a variety of different back and lay bets. This even allows you to add selections so that you can try a multi-bet. All of which should help to take your sports bets into the next dimension.
