Frequently asked questions

A hedge is a second bet on the opposite side of a bet you already hold, sized so your outcome is locked in no matter which side wins. People hedge to protect a profit on a winning live bet, or to cut their losses on one that has turned against them.

Convert both prices to decimal odds, multiply your original stake by your original decimal odds, then divide by the hedge decimal odds. That is the hedge stake that pays the same whichever side wins. Hedgevo does this for you in American odds and shows both outcomes.

A sportsbook's cash-out buys back your bet at a price the book sets, with their margin built in. Hedging is you placing your own opposing bet at market odds. Hedging often returns more than a cash-out, but it needs two open bets and a good price on the other side.

That is a personal risk decision Hedgevo can't make for you. The calculator shows exactly what a hedge would lock in versus what you'd keep by letting the bet ride, so you can weigh the guaranteed result against the remaining upside.

Yes. Once a parlay is one leg from cashing, you can hedge that final leg like any single bet: enter your potential parlay payout as the amount at stake and the price available on the opposing side. Hedging several live legs at once is more complex and isn't what this calculator covers.

The price on the opposing side decides whether a hedge locks a profit, breaks even, or locks a loss. Longer odds on the hedge side mean a smaller stake protects the same floor and leaves more upside; shorter odds cost more and can erase the profit entirely.

A middle is when line movement lets you bet both sides at numbers that can both win if the final result lands in between. It's related to hedging but a different play. Hedgevo's calculator focuses on straight hedges; middles are on the roadmap.

No. Hedgevo is an informational and analytical tool only. We don't accept bets, hold funds, or facilitate wagers. You place every bet yourself through your own sportsbook account.

Yes. The hedge calculator is free to use with no signup. A paid product with live odds monitoring and alerts is in the works, but the calculator stays free.

No. The math shows what a correctly placed hedge would lock in, but odds move, books differ, and you place the bets yourself. Always verify a calculation before staking real money, and only bet what you can afford to lose.