A series of calculators to help a sports bettor convert odds, size bets correctly or evaluate winrate. Betting Calculator Before making any bet, it helps to know what you're risking for the expected payout. Enter Your 'Bet Amount' - that's what you're risking, along with the American, fractional or decimal odds. A hedging bet (also known as a hedge) as a strategy can be done to guarantee a profit if odds have moved in your favor, or in a worst case, limit your losses if the odds move against you. This can be done in both pre-game and in-game (live) markets. Hedge bets are most commonly done when betting on futures markets. Enter your original stake and the decimal odds you bet with. Enter the opposing odds which are now available on your selection. Enter the commission for the betting exchange you bet with. The hedging calculator will then display the amount you should back or lay to lock in a guaranteed market position, irrespective of the result. American Odds are the default odds at American sportsbooks. These odds are based on winning $100 for a given bet. Betting a Favorite: The odds for favorites will have a minus (-) sign, and represent the money you need to risk to win $100. So if you're betting on the Packers at -140 against the Vikings, that means Green Bay is a slight favorite. To use our hedging calculator, simply add the price of your pre-game bet under “My Odds” and the bet amount. Then add the current price under “Hedge Odds” and the calculator will automatically calculate how much you need to bet to lock in a profit. Our free hedging calculator works out your back or lay stakes quickly. For example, if you are trading lay the draw and a goal is scored, our hedging calculator will tell you exactly how much to back the draw for so that you end up with equalised profit and the sought after Betfair 'green screen'. Hedging Calculator If you've had a bet and it's shortened in price, use this calculator to see how you can guarantee yourself a profit using the betting exchanges - win or lose. Simply fill in the boxes with your back price, stake and lay price then click the recalculate button to see how much you should lay (shown in red) at the specified Using the hedge calculator, you would plug in the following inputs: Original Bet: $5; Original Odds: +2436; Hedge Odds: -110; The calculator shows that if you placed a $66.42 bet on the Chicago Bears at -110 then you would be guaranteed a profit of $55.38. The Other Way to Hedge a Parlay. Using a round robin is another way to hedge a parlay Then, you could have used our hedge odds calculator to tell you how much you needed to wager to make a maximum hedge profit by placing a hedge bet. The answer would have been $2,087.50, which
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