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Sports Betting Hedging Calculator 2024: Determine Much To Hedge With Our Free Calculator

How to Hedge Your Bets

Last Updated on 06/08/2024
Fact checked by: Mark Lewis

Welcome to our guide on using our hedging calculators. In this guide, you will learn how to use our hedging calculator in the most effective way that will give your bets a better chance for seeing profits.

A hedging calculator can make your life much easier not just because it saves you time on doing calculations yourself but because it can show you what bets are going to be better bets than others. So, check out the rest of our guide to see how you can use our hedging calculator to your advantage.

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What is a hedging calculator?

Before you can truly understand what a hedging calculator can do for you, you need to have a decent understanding of what hedging your bets actually mean. You may have heard the term before as it’s used outside of the gambling world as well. When you place your bet on a team to win, in order to hedge your bets, you would need to place your bet on the opposing team to win as well.

Using different sportsbooks

Now, if you were placing your bets with a standard online bookmaker, you would place a bet on team A to win and a bet on team B to win. If you were betting with a betting exchange platform, then you would be able to place a bet on team A to win and another bet on team A to lose. That is because only betting exchanges allow you to place what is called a “lay” bet, a bet on a team to lose.

A hedging calculator comes into this scenario when you are struggling to appreciate what the value of your payout might be if you were to hedge your bets. If you simply placed hedge bets all the time, you would more than likely end up losing money instead of winning it. You can’t always bet on both outcomes. That is why it is a good idea to use our hedging calculator as it can show you when a bet will have a greater payout if you were to place a hedge bet. We will get into what a hedge calculator can do for you in the next section.

Why you need a hedge calculator – Giving you an edge

Now that you have a firm grasp on what hedging your bets looks like, let’s take a look at some of the reasons why you would need a hedge calculator to help you in your efforts. While there are a number of reasons why a hedging calculator can help you, we have picked out one of the most pertinent ones:

Saving you time

We are now in a period of time where you no longer need to rely on your own calculations to help you with your bets. While you may be good with numbers, there is always the chance that human error can upset the balance of your bets. Our hedging calculator removes any chance of these kinds of errors. In addition to this, you save ample time by using our hedging calculator. Instead of working out the value yourself, you simply enter in the odds and wager amounts to find out what your payout would be. The time you save can be better put to use on researching upcoming matches in whatever sport you prefer to bet on. It is a domino effect of positivity.

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Why you need to use a hedging calculator – How it benefits your cause

While our hedging calculator no doubt saves you time to use for more effective research and planning, it also helps you to ensure that your bets are as good as they possibly can be.

Ensuring value

The best part about using our hedging calculator is that you can safely gauge what you will need to wager on either team to ensure that your bet has value. When you enter in the odds for either outcome of a match, our hedging calculator will show you how much you need to bet in order to ensure that you walk away with at least some profit. If you were to do this with the naked eye, you could fall into the trap of losing money, even if only a small amount.

By using our hedging calculator, you can mitigate any potential losses with your bet. Because you are hedging your bets, you are covered on both results. The only result you really don’t want to see in this type of betting type is a draw. Aside from that, your chances of success are good. This betting type combined with our hedging calculator can help you to increase your bankroll a little bit at a time. It may not provide the payout amounts as other single bets but it’s far better than losing money altogether.

Top tips for using our hedge calculator for the first time – Fine tune your bets

You’ll find that using our hedge bet calculator is not all that difficult, especially because of the way that we have designed it. Nevertheless, we still wanted to give you some useful tips for using our hedging calculator

Play around with different bets

If you are looking to hedge your bets on matches in any sport, it’s a good idea to play around and find the right combinations. Remember, you can use our hedging calculator, for free, at any time. As such, we recommend playing around with a few different combinations until you find one that is going to have the best payout while remaining a realistic bet. Our betting calculators are here to help you fine tune your betting, whether that is hedge betting or otherwise.

Always double check before you place your real bet

We really can’t stress this point enough, always double-check that you have entered the correct information into our hedge calculator. All it takes is one number to be wrong and all of a sudden, you are working with the incorrect information for your bet. Always make sure you enter your number sin carefully.

Try some hedging parlays

This is something that you may not have thought about but you can combine hedging your bets with a parlay betting style. It may be tricky at first to understand but that is why our hedging calculator is perfect. You can test out some hedging parlays without actually placing real bets. This will help you practice before you do the real thing.

Other calculators we offer – What else can you find on our site?

Here at TheGruelingTruth.com, we don’t just offer you the best hiding calculator around but rather, we offer you every kind of sports betting odds calculator you could ever need. From the most complex parlay bets to simple back bets we have you covered with our diverse range of calculators – including our parlay calculator and our incredible useful betting odds converter.

Conclusion to our guide on using a hedging calculator

There are plenty of ways for you to approach a hedge bet but the only way to ensure that your initial bet gives you a positive payout is by using our sportsbetting hedge calculator. Don’t leave this sort of thing up to your own calculations. Let us do the heavy lifting for you so that you can kick back and relax by watching the games you have bet on. Remember, we have tons of other sportsbetting odds calculators for you to use, so be sure to check out the rest of our site.

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Hedging Calculator 2024 FAQ

💯Are hedging hedging calculators free to use?

Online sports betting can be a profitable venture, especially when you have the right calculator at your disposal. These online hedging calculators are not always free though which will then beg the question, is it worth it at all? Well, with the right free hedging calculator you can achieve the same results. Our guide to using our hedging calculator will show you why our free option is the best in the business right now. Looking for more types of calculators? We’ve also got a handy tricast bet calculator here too!

🔐Are hedging calculators difficult to use?

If you are still unsure about hedging calculators as a whole, that is understandable as the concept can seem tricky at face value. However, just like our odds value calculator, our guide to using our hedging calculator will shed some light on how you can go about properly using a tool like this to your advantage.

✌What betting type can I use in conjunction with a hedge calculator?

A hedging calculator has more than one use, that much we can assure you. That is why in our guide to using our hedging calculator, we show you what other betting types can be used with this type of calculator and how it can help you to improve your overall betting approach.

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