What is hedging a bet?
Hedging means placing a second bet on the opposite outcome of a wager you already hold. It is most useful when your original bet is close to winning — such as the final leg of a parlay — and you want to guarantee a profit rather than risk everything on one result.
Worked example
You hold a $20 futures bet at +500 (it would return $120). Your team reaches the final, where the opponent is now -150 to win it.
Frequently asked questions
When should I hedge a bet?
The common cases are locking in guaranteed profit on the last leg of a long-shot parlay, and cutting losses on a bet that now looks likely to lose.
Does hedging always guarantee a profit?
No. A hedge guarantees the same result either way, but whether that is a profit or a reduced loss depends on the odds. The calculator tells you which applies.
How do I track a hedged bet?
Add it to your bet slip — the total wagered and guaranteed return are saved so you can see it alongside your other positions.