Hedge when your original bet has gained significant value and you want to lock in profit rather than risk losing everything. Common scenarios: last leg of a parlay, futures bets near completion, or when a profit boost makes hedging very profitable.

It depends on whether you want equal profit on both outcomes or maximum profit on the original side. This calculator shows both options. For equal profit, the hedge amount is calculated so you win the same amount regardless of which outcome hits.

Hedging sacrifices potential maximum profit for guaranteed returns. It's mathematically sound when the guaranteed profit exceeds your risk tolerance. Professional bettors often hedge large positions, especially on the final leg of a high-value parlay.