Hedge Calculator
Lock in profit with the free hedge calculator.
Enter your original bet and current opposite-side odds. Parlae returns the exact hedge stake, guaranteed profit, and partial-hedge alternatives.
How hedge math works
If your original bet would pay $1,000 and the opposite side is now +150 (2.5 decimal), hedge stake = potential payout ÷ opposite decimal odds = $400. Whichever side wins, you lock in ~$600 minus the hedge stake.
Full vs. partial hedge
Full hedge guarantees identical profit on both outcomes. Partial hedge takes a smaller stake — you give up some downside protection in exchange for higher upside if your original side wins. Parlae shows 100%, 75%, 50%, and 25% hedge scenarios.
Common hedge spots
Futures making the final, last-leg parlays, live in-game swings, and award markets (MVP, ROY) all create hedge opportunities. The calculator handles every odds format and supports up to four-way hedges.
Frequently asked questions
When should I hedge?
Hedge when locking guaranteed profit beats the EV of letting the bet ride. Futures (championship, MVP) and large parlays are the most common hedge candidates.
Does hedging always make sense?
No. If you have an edge, hedging gives up EV. The right move is often partial hedge — lock in a base profit while keeping some upside exposure. Parlae shows multiple hedge fractions side-by-side.
Can I hedge a parlay?
Yes — the calculator handles parlays with one leg remaining. Enter your parlay stake, current odds-to-payout, and the opposite-side odds for the final leg.
What about hedging futures across the season?
Same math, longer timeline. If you bet a team to win the championship at +5000 and they make the final at +200, hedging the other side locks in profit.