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Free calculator
Compare returns when you cover an existing bet.
Calculator inputs
Updates as you type
This calculates an equal-profit hedge. Place the hedge stake on the opposite side at a different bookmaker or exchange.
Enter your original stake and odds, then the current odds on the other side. The calculator shows the hedge stake that equalizes the outcome, or the stake that fully locks profit, plus the result of doing nothing.
When odds on the opposite side have moved enough that a hedge locks in more than the expected value of holding. Arbitrage bettors hedge immediately; others hedge to cut risk near settlement.
The hedge stake equals your potential payout divided by the opposing decimal odds. The calculator computes it for both equal-profit and break-even targets.
Arbitrage is a hedge placed before any position exists, with a theoretical margin at the quoted odds. Hedging after the fact locks in whatever the market currently offers, profit or loss.