Calculate how much guaranteed profit you can earn with the hedge calculator using your original bet and the latest odds.
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A hedge calculator is a very useful tool when it comes to hedge betting and sports betting. What a hedge bet calculator does is help a bettor determine the proper strategy after an original wager is placed (usually a future bet, parlay or a long shot underdog) in order to guarantee a profit.
Really what a hedge calculator does is help a bettor decide the proper time after odds have shifted to place a bet so risk is eliminated.
What Is a Hedge in Sports Betting?
A hedge bet is simply placing a bet on the opposite side of aan original wager you have already placed.
For example, say that prior to the Super Bowl the Bears were +200 on the Moneyline to win the game and the Bills were -220 and I placed a pre game wager on the Bears.
If the Bears took a 21-7 lead into halftime and the odds shifted to Bears -310 and Lakers +275, I might consider placing a wager on the Bills at +275 to hedge my bet. This would give me my original wager at +200 and my hedge bet at +275.
Having both of those tickets at plus odds would guarantee a profit no matter which bet wins.
Hedging is a smart way in sports betting to ensure a guaranteed profit whether or not an original bet wins. A Hedge betting calculator is a phenomenal tool to help bettors lock in the right odds and time to hedge their initial bet.
Why Do I Need a Calculator for My Hedge Bets
The need for a hedge calculator is simply to help bettors determine when the right time to hedge is by doing the math for them. Gambling math can be complicated at times, and a hedge calculator eliminates the risk of mistakes being made.
How to Use the Hedging Calculator
Hedging calculators are quite easy to use, as most give very detailed step-by-step directions. What you’ll be asked to do is enter the value of your initial bet, the odds of the initial bet, and the odds of your potential hedge bet. The hedge calculator will then show what the return would be for both the initial bet and the hedge bet.
Once those number both are positive, that is when to start considering a hedge.
When to Hedge Your Bet
Everyone has a personal preference of when they would hedge an initial bet. Normally, one would start to consider hedging a bet once the hedge calculator reads that both the initial bet and hedge bet are guaranteed profit.
How to Hedge a Live Bet
Hedging with a live bet is fairly simple, and not much changes from a normal hedge other than how quickly the odds change. The thought process and procedure remains the same. When the hedge calculator shows a guaranteed profit, that’s when you should consider hedging your live bet. Just be ready to move a little faster to get the odds you would like.
One thing you could do is prior to the game you’re placing a wager on, use the hedging calculator to determine what live odds would be the correct odds to place your hedge bet. Then, if you see the odds it’s time to place the hedge bet.
Hedging futures isn’t too different than a normal hedge of a parlay or a live bet, the process just takes a little longer since futures are long term bets.
Say you placed a wager on the Green Bay Packers before the season to win the NFC at +1400. If the Green Bay Packers then make it to the NFC Championship game, you might consider placing a Moneyline wager on their opponent.
That way if the Packers win, you lose your moneyline bet but win your +1400 future. If the Packers lose, you lose your future bet but still ensure a profit by winning the Moneyline bet on their opponent.
Hedge Betting vs. Arbitrage Betting
The difference between hedge betting and arbitrage betting is the way the strategies are used. Arbitrage betting means placing two or more wagers on different outcomes at the same time. It can be used only when the odds on different books are far enough apart that it makes sense to bet them all. Its purpose is solely to guarantee profits based on that discrepancy.
Hedge betting is placing additional wagers on a different outcome than the original wager placed. The strategy is usually used following some kind of change in circumstance. Its purpose is to limit risk or guarantee a profit.