Hedge calculator
You hold a bet that is still alive: a futures ticket or the last leg of a parlay. Enter it, then the price of the other side: you see the two ways to hedge.
Your bet
Same profit either way
Bet this on the other side$333.33
Profit whatever happens$66.67
Get your stake back
Bet this on the other side$200.00
If your bet wins$200.00
If the other side wins$0.00
You lock in 17% of your potential profit, whatever happens. The rest is the price of peace of mind.
Questions bettors ask
What does hedging a bet mean?
Betting on the other side of a bet you already hold, so that you win something, or lose nothing, whatever happens.
When should I hedge a parlay?
Before the last leg, when the possible payout has become a large amount for you. The hedge costs part of the upside, so it is a choice about risk, not a free win.
Can I hedge with a cash out instead?
Yes, when the sportsbook offers one. Compare the cash-out amount with the hedge from this calculator, at the best price available in your province, and keep whichever leaves you more.
Calculators show the maths, not the future: a bet can always lose. 19+ in Ontario, 18+ in Alberta.