My foray into the world of sports betting was as a punter, primarily following the ups and downs (well, mostly downs…) of my local team as they battled against the ever-present threat of relegation. Over time, I began to become more and more interested in the ins and outs of various strategies and became adept at spotting a good operator.
My day job was, at the time, writing and editing for a local newspaper, so turning my professional skills to my interest in sports betting followed naturally. I started writing about sports betting as a hobby initially with my own blog, analysing odds and providing betting tips where I thought I could find value. Eventually, I was headhunted to write the same content for a betting firm, which resulted in me leaving my local paper job behind and turning my professional interests solely to sports betting writing by 2017. Since then, I have been proud of the body of work I have been able to produce.
Using my interest in all aspects of the sports and gambling world to guide me, I now write for Betting.net, compiling operator reviews, bonus reviews, and sharing the tips and tricks across our various sports betting guides. When I’m not at my keyboard, I am an avid rock climber, with an ultimate goal of eventually ascending the Seven Peaks — if I can fit it in between penning the latest bookmaker review, that is!
Hedge betting or “hedging” is a method that bettors use to either reduce risk on a bet that is looking unfavourable, or lock in secure profits on a bet that has since shortened in betting odds.
When the odds have moved in your favour the hedging calculator will help you lock in a secure profit; when the odds have moved unfavourably the hedging calculator will help limit your losses. Hedging used to be viewed as an advanced betting technique, but with the help of our hedge calculator, we make this process a lot easier!
Hedging involves placing a new bet on a different selection to the current bet that still stands. This can be done manually, but with help of our sportsbetting hedge calculator this has been made a far easier job to complete.
The calculator has been specially programmed with algorithms containing many formulas, enabling the user a fast response to what would usually be a confusing situation, when performed manually. With the luxury of this speedy hedge bet calculator, free to use on our website, you can come to conclusions a lot quicker.
The speed and versatility of the hedging calculator will allow you to perform several calculations in under one minute. The reason you may need to input several calculations is you may wish to view alternative options you may have when using the hedging calculator to answer what profits or losses your current bet is offering.
An example of an in-play calculation
Let’s say, for example, your initial bet was £100 on Liverpool to beat Manchester City at 3-1 odds. Hypothetically, Liverpool scored one goal with ten minutes left to play and their odds are now 1-5 to win. A situation like this would present an ideal hedging opportunity. However, there are various options on how you can profit from this situation which we will explain fully below.
Why you need a Hedging Calculator – Common scenarios
There are several advantages to using our hedging calculator. Apart from making your life a lot easier, one of the most important advantages would be the speed factor. At Betting.net our team of betting experts have been betting a long time and we can safely say that prior to the availability of software within betting, such as our betting calculators, calculations were much harder and riskier to get involved in. We mention the word ‘risky’ because many times you may find yourself attempting to hedge on an in-play market, only for the idea to be interrupted due to not being able to calculate the situation quickly enough. With reference to the above analogy we explained about, regarding Liverpool leading one nil versus Manchester City, to hedge successfully here you will need to make quick decisions.
Betting odds are not static on in-play markets
Due to the fact odds do not stay the same in an in-play market, it is vital we make our calculations as efficiently as possible. There are two major reasons for this.
Bookmaker and exchange prices change quickly
The score can change within seconds on an in-play market
As you can imagine, when backing in-play the need for a speedy calculation is of utmost essence. There are two variables that can potentially alter the calculation of your bet and therefore, this would be a nightmare to complete manually when betting in-play.
Betting odds do not only change frequently on in-play markets, they often change frequently on pre race horse racing, on soccer games, tennis, dart, in fact all sports! So it is crucial to have as many resources readily available to help you come up with a quick response to a question. This is also a big problem when trying to calculate the last leg of a multiple/parlay bet.
Why you need to use Hedging Calculator – The need for speed
We have discussed the difficulties that arise when you need to calculate an answer to find appropriate hedging opportunities. But what if you wanted to calculate several options for the same bet? This is totally possible and can be done very quickly. Once you have entered the two most vital pieces of information the calculator needs:
The odds you have backed your bet at
The odds your initial bet is currently
OR the odds of the opposition
Entering the maths into the calculator
Once you have entered the data above, you can use the calculator to perform several calculations. Because we now have speed on our side, when using our hedge bet calculator, we have the luxury of being able to ask several questions within one minute, reducing risk of potential odds change. There are several choices/options that bettors like to consider, common ones are listed below. Bettors usually have some kind of belief in their bets and while hedging is often viewed as a way of securing a set amount of profit, whatever the outcome, it can be tweaked to many variations. Below are a few common ones:
All options will be discussed using the hypothetical Liverpool example, mentioned above
Biased view towards original bet
This is often called a “risk free bet” – the user would input teh calculator accordingly.
Biased view towards the hedge bet
This would be appropriate if you thought Liverpool would not win in 90 minutes.
The calculation for this one is probably the most common form of hedge betting, where you would win “X” amount regardless of the outcome. This is also called “overlaying” in the matched betting world.
Please also remember the calculator is just as useful to limit any potential losses as it is to secure a set amount of profits.
Top tips for using the calculator for the first time – Take your time!
Take it slow!
Mistakes can be costly, it’s better to learn thoroughly than pay the price!
Double check the odds
It’s easy to read the wrong odds and make a mistake. Get in the habit of double checking early on.
View various options
We provided three common options, above. Explore your options to maximise profits and customise your choices
This especially applies when using it during in-play events. Rushing can lead to mistakes. Make sure the odds you are inputting are correct.
Bookmark our webpage
Again, rushing is one of the most common error causes. Be sure to bookmark our URL or make a shortcut, for added efficiency and accessibility to the hedging calculator and betting odds convertor app.
Other calculators we offer – Many to choose from!
If you like the look of our hedge calculator then why not take a peek at the other sportsbetting odds calculator variations we have on our site, free to use! Below, you’ll find our other calculators available, with a brief description.
Betting odds calculator – This calculator allows you to work out your potential returns for your bets. This can be for a single bet, each way or multiple. This easy-to-use bet calculator can do the work for you!
Parlay calculator – This calculator is very useful when a multiple or parlay bet is about to be placed or even better, has had some winners and you wish to calculate the potential return!
Odds value calculator – This is a great tool that can be used for strategic betting purposes. Want to take your experience to the next level? This tool can be educational as well as informative.
Betting odds converter – Bettors usually have a personal preference to their betting odds formats. There are occasions when you will need to convert odds quickly. The most common occurrence would be when using betting exchanges or American odds. Let our odds converter do the hard work while you concentrate in betting!
Sports betting hold calculator – The hold percentage is the margin that the bookmaker sportsbook takes on both sides. This is more of a probability tool that calculates the outcome percentage. Is it in your favour?
Spread to moneyline converter – Use this calculator to check if the spread bet you are looking to get involved in offers as much value as the sportsbook or moneyline.
Conclusion – A powerful calculator
We hope we have given you some valuable insights into the use of the hedging calculator. Hedging used to be an advanced betting technique, but the advanced part has now been eliminated by our free hedging calculator.
Be sure to take it slow when first using this tool. We’re confident that once you start using a complementary tool like this for your betting that it will help you gain a fresh perspective on your betting techniques and methods.
We also recommend that you explore the various options of hedging mentioned, as well as our other sports betting odds calculator variations on the website.
Hedge betting used to be viewed as an advanced betting strategy, only for those with lots of experience. But thanks to our new free hedge bet calculator this can be performed with minimal fuss. Visit Betting.net and enter the odds for your initial bet and the current odds for a calculation!
Is there a calculator for hedge betting?
Betting.net now has many free sports betting odds calculators to use! We have included a special hedge betting calculator amongst them. This special tool has specially designed algorithms within, to ensure a fast computational answer to your hedge betting needs!
Is hedge betting arbitrage?
While these two betting strategies share similar approaches, they are different in many ways. Our hedge betting calculator at Betting.net allows the user to calculate scenarios of their bets quickly. Once using our calculator, you will visually see how these two disciplines work in different ways.