Use the free hedging calculator (arbitrage) below to find how much to wager to guarantee profits. You can also vary your hedge bet amount and see the resulting profit depending on the results.

As an example, with $5 units you may want to make the following: 1 one-unit even odds bet, 1 two-unit bet that has odds ranging from +250-+400, and 1 one-unit bet on a wager carrying odds over +600. Each time you wager, you’ll use 4 units. Professional sports betting is not about a quick-hit win on a 500-1 shot.

Look at most relevant Sports Betting Calculator apps. Sports Betting Calculator found at Bets Settler, Bets Settler Pro etc. Check the best results! Welcome to the arbitrage calculator website. We have built all the tools you need to make your sports betting (and specifically your arb) experience better! You savvy arber you! Below we have an arbitrage calculator, also known as an arb calculator or a sure bet calculator and some more information about arbitrages in general. BetMGM had plenty of experience in the sports betting market to draw on when its. The Sports Bet Calculator is the premier bet calculator app, supporting a comprehensive range of bet types and settling options. Perms of up to 20 selections, configurable bonuses for Alphabet, Lucky 15, 31 & 63 bets, plus automatic conversion between Fraction, Decimal and American odds formats, are just some of the highlights of this powerful but easy to use app.

Hedge Calculator Examples

There are many examples in sports betting where you may want to hedge (or arbitrage) your original bet. Using this hedging calculator simplifies the math for you. You no longer need to manually figure out how much you need to be laying on each side.

How to Hedge a Parlay Bet

Say you have a $5 bet on a five team NFL parlay:

• Detroit Lions -110
• New York Giants -110
• New England Patriots -110
• Dallas Cowboys -110
• Green Bay Packers -110

Using our parlay calculator, you would see that the parlay would return $126.80 at +2436 odds.

You have already won the Lions, Giants, Patriots, and Cowboys bets. The Green Bay Packers play the Chicago Bears on Monday Night Football and you have two options:

1. Let the parlay ride and hope the Packers win
2. Hedge your parlay and place a bet on the Chicago Bears (-110)

If you want to hedge the parlay, you would be on the Chicago Bears. Using the hedge calculator, you would plug in the following inputs:

• Original Bet: $5
• Original Odds: +2436
• Hedge Odds: -110

The calculator shows that if you placed a $66.42 bet on the Chicago Bears at -110 then you would be guaranteed a profit of $55.38.

The Other Way to Hedge a Parlay

Using a round robin is another way to hedge a parlay. While this hedge doesn’t include betting on both sides of the game, it does mean that you don’t need every leg of your parlay to hit.

A round robin is simply a series of smaller parlay bets that create unique combinations of your original parlay. The odds aren’t quite as good for these bets, although they also have a higher likelihood of winning compared to a parlay.

How to Hedge a Live Bet

Sports Betting Calculator App Download

Say you bet $10 on the New York Knicks moneyline against the Houston Rockets at odds of +350.

In the 2nd quarter, the Knicks are up 15 points and the Rockets have a live moneyline of -120. If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets.

If you input these numbers into the hedge calculator, you will get a hedge bet amount of $24.55.

Sports Betting Calculator App Games

Placing a $10 bet on the Knicks at +350 and another bet of $24.55 on the Rockets at -120 would result in a guaranteed profit of $10.46.

Hedge Calculator Frequently Asked Questions

How do I use the hedge bet calculator?

Simply enter your original bet amount, original bet odds, and your hedge bet odds into the calculator. It will output the bet amount needed in order to guarantee a profit no matter the result of the game.

What if I don’t want a guaranteed profit?

You can use the bottom section of the calculator to vary the hedge bet amount. The box at the very bottom will show you your profit depending on which side of the bet wins.

What is the difference between hedging and arbitrage sports betting?

A hedge will decrease your risk while maintaining some amount of profit. Arbitrage (scalping) guarantees a profit no matter what the result of the bets are.

Bet tracking is the most important step to really understand sports betting and improve your handicapping. As you place your bets, you are going to have to enter them in a spreadsheet, then evaluate and track their outcome. Unfortunately, bet tracking can be difficult for the impatient, BUT it is one of the only ways to truly understand sports betting and almost definitely required to be a long term successful sports bettor. There are a few principals that make bet tracking vital:

Recent Events Seem More Important

Recency bias is a problem that plagues sports bettors. Every time you hear a gambler say he is on a “hot streak”, or breaks his record down based like “16-7 in the last 23!” you are seeing recency bias. It is part of the human condition that we see recent incidents as more important than former ones. If you aren’t bet tracking, you will almost certainly fall into this trap. You need to try to consider all you bets when deciding to place every future bet.

Large/Small Numbers Prevent You From Understanding Risk

Not good at math? Really good at math? It is another part of the human condition that when exposed to large and small numbers, our comprehension breaks down. I deal with stupid numbers daily: 1.3 billion web pages served versus conversion rates of 0.0004…. One thing I can’t emphasize enough is that it is very very hard to keep track of risk hidden in numbers over tens of thousands of bets for hundreds of thousands of dollars and fractional win percentages. To understand the very large and very small numbers, we need to see them written out and compared to each other.

Sports Betting Odds Are Designed To Confuse You

The sportsbook isn’t a charity. Sports betting is deliberately designed to confuse bettors into underestimating the risk. That is where my Basics of Sports Betting articles come in, but also where you have to take the time understanding odds on your own. The good news is the sports betting is much more fun than calculus was.

How Easy Is Bet Tracking?

You could enter your bets into a basic spreadsheet with the game, your pick, the odds, bet amount and the outcome. That would be enough to start spotting trends and identifying your successful strategies and start eliminating those that aren’t successful. That said: here is the spreadsheet I use for bet tracking. It actually is about the same amount of work, but it slices, dices, and graphs all your information that makes it easier to spot your bet tracking insights:

Excel
OpenOffice
Google Sheets

Watch the Bet Tracking Spreadsheet video to see how to set up the sheet. I have been using this sheet for years and it tracks every statistic that you might need to identify trends in your betting.