Hedge Bet & Cash-Out Calculator

How much should I hedge?

To hedge a winning position, back the opposite outcome with a stake of (original stake × original odds) ÷ hedge odds. That makes the return identical either way, locking in a guaranteed profit or loss. Compare it with the bookmaker's cash-out, which usually pays a little less.

Original stake (£)

Original odds

Odds to hedge at (opposite outcome)

Cash-out offer (£, optional)

Hedge stake

£73.33

Guaranteed profit

£26.67

Cash-out profit

—

How it works

Your original bet returns stake × original decimal odds if it wins.
A full hedge backs the opposite outcome with stake = that return ÷ hedge odds, so both outcomes pay the same.
Guaranteed profit = that equal return − original stake − hedge stake. If it's negative you're locking in a smaller loss.

Worked examples

£10 at 11.0, hedge at 1.5

Hedge stake £73.33. Either way you return £110, a guaranteed £26.67 profit.

£20 at 4.0, hedge at 3.0

Hedge stake £26.67. Return £80 either way, a guaranteed £33.33 profit.

£10 at 2.0, hedge at 1.8

Hedge stake £11.11. Return £20 either way, a £1.11 loss locked in: hedging a bet that has drifted rarely pays.

Frequently asked questions

For an equal result either way, stake (original stake × original decimal odds) ÷ hedge odds on the opposite outcome. Stake less if you want to keep more upside on the original bet.

Often, yes. Cash-out prices usually include an extra margin for the bookmaker, so hedging at a fair price elsewhere can lock in slightly more. Compare both before deciding.

No. Hedging only changes the shape of your result. Repeatedly hedging good-value bets reduces long-term profit, because you pay the margin twice.

Yes. Laying your selection on an exchange is the most common hedge. Use our lay bet calculator, and remember exchange commission on winnings.

Hedge Bet & Cash-Out Calculator

How it works

Worked examples

Frequently asked questions

Further reading

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Hedge Bet & Cash-Out Calculator

How it works

Worked examples

Frequently asked questions

How much should I hedge?

Is hedging better than cashing out?

Does hedging make betting profitable?

Can I hedge on a betting exchange?

Further reading

Never subscribe to a dud tipster again