How hedging works
You have a winning bet still in progress. You place a counter-bet at current odds on the opposite side. The combined positions guarantee a known profit/loss regardless of the final outcome.
The classic case
A long-shot futures bet (e.g., $100 on the Chiefs at +800) reaching the Super Bowl. The Chiefs are now -120 in the game. Hedge with a calculated stake on the Eagles to lock in roughly $150 profit either way.
Use our calculator
Run the math on every hedge with the hedge calculator.
FAQ
What is a Hedge Bet?
A hedge bet wagers on the opposite side of an existing bet to lock in profit or reduce risk on a hot ticket.
Where can I place this bet?
Most major US sportsbooks offer this bet type. Our top picks: DraftKings, FanDuel, BetMGM.