Hedge Bet Calculator

How to Use the Hedge Bet Calculator

This guide will walk you through the process of using the Hedge Bet Calculator to optimize your betting strategy, whether you’re aiming for guaranteed profit or minimizing potential loss.

Step 1: Enter Your Original Stake

Begin by providing the amount of money you initially staked on the original bet. This value should be entered in the ‘Original Stake ($)’ field, ensuring that the amount is at least $0.01. This input is necessary as it determines the amount you’ll potentially hedge against.

Step 2: Fill in Your Original Odds

Next, input the original odds from your initial bet in the ‘Original Odds’ field. Make sure you enter these odds in decimal format with a minimum value of 1.01. This is crucial for calculating your potential winnings from the original bet.

Step 3: Provide Hedge Odds

In the ‘Hedge Odds’ field, enter the odds for the bet you’re considering for hedging purposes. Again, use the decimal format and ensure the odds are no less than 1.01. These odds will be used to determine the stake you need to hedge effectively.

Step 4: Choose Your Hedge Type

Select the preferred hedge strategy by choosing an option from the ‘Hedge Type’ dropdown menu. You can choose between:

• Guaranteed Profit: This option is for users looking to ensure a profit regardless of the outcome.
• Minimize Loss: Opt for this if your goal is to reduce potential loss rather than secure profit.

Step 5: Review Calculated Results

After entering all required information, the calculator will provide the following results:

• Recommended Hedge Stake: The amount you should hedge to achieve your selected goal. It will be displayed in USD to two decimal places.
• Guaranteed Profit: If the ‘Guaranteed Profit’ hedge type was chosen, this field shows your expected earnings.
• Return if Original Bet Wins: The potential return from the original bet minus the hedge stake.
• Return if Hedge Bet Wins: The potential return from the hedge if it wins.
• Total Liability: The sum of the original stake and the hedge stake, giving the total amount at risk.
• ROI Percentage: The return on investment percentage calculated based on guaranteed profit over the total liability.

Use the above steps and information wisely to make informed decisions on hedging your bets. Remember, the key is determining the balance between risk and reward based on your individual betting strategy.