Gambling Hedge Calculator
- Gambling Hedge Calculator Formula
- Gambling Hedge Calculator Estimate
- Gambling Hedge Calculator Present Value
Finding the right amount to bet on each action can take some doing, even with a hedging calculator and often bets can be tough to find. That being said, the times that you do find in-play sports bets that can be hedged will result in a guaranteed profit, so it’s definitely worth the time and effort put into making these bets successful. BetClan Hedging Calculator - Know your Trading Profits With the hedging calculator you can see how you can guarantee back or lay profit on your live bets. Enter your bets and see how much to you need hedge. Also know as a lay bet calculator.
Welcome to the hedge calculator website. We have built all the tools you need to make your sports betting (and specifically your hedge betting) experience better! Below we have a hedge betting calculator and also some more information about hedging bets in general.
What should I know about hedging bets?
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. Futures markets are long term bets, such as who is going to Win the Superbowl or become the next NBA Champion, as examples.
What is a hedge bet example?
Imagine if you were smart enough to place a $10 bet on the Vegas Golden Knights to win the 2017-2018 Stanley Cup (in NHL) at the start of the season at 500 to 1. Now they have made it to the Stanley Cup final and are about to take on the Washington Capitols. The Golden Knights went into the series slight favorite, with the Capitols sitting at +140 (or $2.40). You stand to make $5000 if the Vegas Golden Knights win, and you can use the hedge calculator find out that if you place $2083.33 on the Capitols you ensure you make just over $2,906 regardless of the outcome! This would have been very important given the Capitols went on to win the Stanley Cup.
If you have heard of the term ‘hedging your bets’ then this calculator will allow you the opportunity to do precisely that.
The Hedge Bet Calculator (also sometimes known as the Lay Calculator) is a way of betting on both markets (to win and not to win) in such a way to ensure that regardless of the outcome, you will make a profit.
How to use the Hedging Bet Calculator
There are three sections to the Hedging Bet Calculator and we’ll explain how to complete each one below:
Top Section: Entering Bet Details and Commission
In this top section of the calculator, you need to enter in the bet details and also whether the bookmaker charges any commission on backing (which is unusual – hence the default setting of 0%) or laying (which is more common, usually between 1% and 5%) a selection.
In the first box, you enter details of the price that you backed the selection to win, which must be entered using decimal odds format (so odds of 2/1, would be entered as 3.0).
After that, you enter in how much you have staked on that selection to win.
In the next box, you enter what the lay price of your selection is once again in decimal format; this is the price you are backing the selection not to win at.
Once you have entered that price, you then need to enter any commission that you would need to pay to the bookmaker when backing (in the Back box) or laying (in the Lay box). You do this simply by selecting the appropriate percentage rate from the dropdown box.
It is important that you do state the correct commission percentages for both boxes as incorrectly entering them could potentially leave you out of pocket.
The great thing about this Hedging Calculator is that once you have entered all the details, the calculator automatically updates, showing you all the information you need to know in the two sections below.
Gambling Hedge Calculator Formula
Middle Section: The Results
The middle section of the Hedging Calculator displays the main results of the data you have entered in the top section.
Gambling Hedge Calculator Estimate
The first box details how much money you should lay in order to ensure you make a profit on the event in question. The second box shows you how much profit you would be guaranteed to make on the market overall, if you back the selection and lay against it.
This information is summarised in the next two boxes. The Total Staked box outlines how much you would need to wager in total on backing and laying against the selection, while the guaranteed return box, shows you how much you’d win if your lay against selection wins.
The Bottom Section: The Summary – Profit / Loss
The final section of the calculator simply summarises what your profit and liabilities are for each possible outcome of the event you have decided to back and lay against a selection in.
In the first section, Wins, this outlines how much money you would win from the bookmaker from backing your selection, together with how much you would lose from laying against that selection winning.
The second section, Losses, shows how much money you would make if your backed selection does not win (Lay Profit), together with how much you would stand to lose (Back Liability).
In both cases, you should find that the Back Profit and Lay Profit columns offer a positive return over the liability columns. If they do, then regardless of the outcome of the event in question, between your two wagers, you will turn a profit.