Bet Hedge Calculator

The Bet Hedge Calculator helps users determine the recommended lay stake and assess potential profits or liabilities based on their back and lay bets in sports betting while considering exchange commissions.

Use Our Bet Hedge Calculator

How to Use the Bet Hedge Calculator

Overview

This Bet Hedge Calculator is designed to help you hedge your bets. By utilizing information about your initial stake, odds, and exchange commission, it assists in determining the optimal lay stake and potential profits or losses. Follow these simple steps to use the calculator effectively.

Step 1: Entering the Initial Details

  1. Back Stake ($): Enter the amount of money you have bet or plan to bet. This value must be a number greater than or equal to 0.01.
  2. Back Odds: Enter the odds at which you placed your back bet. These odds should be a number greater than or equal to 1.01.
  3. Lay Odds: Enter the odds available for laying the bet on a betting exchange. Again, this should be a number greater than or equal to 1.01.
  4. Exchange Commission (%): Enter the percentage commission charged by the betting exchange. This value should be between 0 and 100, with a default of 5% if you leave it blank.

Step 2: Calculating the Results

Once you have entered all the required information, the calculator will compute several important values:

  1. Recommended Lay Stake: This is the amount you should lay at the given odds to hedge your bet. The calculator considers the exchange commission when determining this value.
  2. Back Bet Profit: This represents your profit from the back bet if it wins, not accounting for any liability from a lay bet.
  3. Lay Bet Liability: This is the amount you could lose on the lay bet if the back bet wins.
  4. Net Profit if Lay Wins: The profit you will have if the lay bet wins after accounting for the back stake and exchange commission.
  5. Net Profit if Back Wins: The profit you will take home if the back bet wins, considering the lay liability.
  6. Total Liability Required: The total amount of money you need to have available to cover potential losses if your lay bet loses.
  7. ROI (%): This is the return on investment percentage, showing the potential profit based on your total liability.

Step 3: Review and Implement

Review the calculated results to understand your hedging position. Ensure you have enough funds to cover the total liability required and adjust your bets accordingly to optimize your profits or minimize your losses depending on whether the lay or back bet wins.

By accurately entering your data and reviewing the results, you can make informed decisions to effectively manage your betting strategy using the Bet Hedge Calculator.