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Hedge & Cash-Out Calculator
Holding a live future or the last leg of a parlay? Enter the original bet and the odds on the other side to see exactly how much to hedge, and what you make either way.
Optional: your own hedge stake or a cash-out offer
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| Strategy | Hedge stake | If original wins | If hedge wins |
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Profit figures are net of both stakes. Assumes the hedge is on the exact opposite outcome and the original bet is still live.
How to use this calculator
Type your original stake and odds, then the American odds you can get on the opposite outcome now. The green line gives the hedge stake that locks the same profit whichever side wins; the table also shows the break-even hedge and no hedge. Open the optional section to test your own hedge amount or compare a cash-out offer. Copy the result to share it.
When does hedging make sense?
Hedging trades upside for certainty. It is most useful on long-shot futures and the last leg of a parlay, where one result decides a big payout. Each hedge pays the book’s vig again, so on average it costs you a little EV — hedge when the guaranteed amount matters more to you than the extra upside. Shop for the best hedge price: a better number on the other side means a bigger locked profit. Use the odds converter to compare prices, the parlay calculator to price the original ticket, and the line movement checker to see whether the hedge side’s line has moved.
FAQ
How do you calculate a hedge bet?
To lock the same profit whichever side wins, hedge stake = original stake × original decimal odds ÷ hedge decimal odds. A $20 bet at +800 (9.00) hedged at -150 (1.667) needs $108, which locks +$52 either way.
How much should I hedge to break even?
To get your money back if the original bet loses, hedge stake = original stake ÷ (hedge decimal odds − 1). For a $20 bet hedged at -150 that is $30: you lose nothing if the hedge wins and keep +$130 if the original wins.
Is hedging better than cashing out?
Compare the cash-out offer with the profit a hedge locks. Books build margin into cash-out offers, so a hedge at a fair price usually locks more. Enter the offer above and the calculator shows which is worth more.