Online Gambling Sites > Betting Guide > Hedge Betting Explained 2025

Hedge Betting Explained 2025: What Does Hedge Mean In Gambling?

Graham Stevans

From casinos to online betting Graham is your guy!

Publish Date: 19/05/2023

Fact checked by: Heather Williams

As you become a more experienced bettor you will realize your options stretch further than just predicting the winner of the game. You can bet on plenty of other markets and look at other techniques like hedge betting.

There is, however, some confusion on how to hedge your bets. So, to clear that up you need to look at which circumstances make hedging possible, and the tools that make the whole process easier like a betting hedge calculator.

Table of Contents

What does hedge mean in gambling?
When to hedge a bet
How to use a betting hedge calculator
Conclusion - hedging bets is simple, provided you have the right tools
Hedge betting explained FAQ

What does hedge mean in gambling?

Hedging your bets is a technique whereby you place compensatory bets after your initial wager to decrease or attempt to nullify any losses. This might sound impossible as sportsbooks are not designed to work that way and even with handicap betting systems the bets would cancel each other out. However, it is achievable if something has occurred that moves the odds in your favor.

For instance, you log into one of the best betting sites and place a wager on the underdog in a football game before it starts. You’ll get very high odds because they are not supposed to win. However, just before the game starts, the favorite team's star player injures themselves in the warm-up and cannot play. A major occurrence like this means that the odds of the underdog winning will have dropped slightly, and the odds of the other team, although still favorites, will have risen. That odds change, if significant enough, could allow you to then place a carefully calculated wager on the favorite so that you would come away with the same amount of profit regardless of which team won the game.

Best Brand

Bet365 Promo

Bet $5 & Get $200 in bonus bets

Join now!

Minimum $10 deposit required. Minimum odds -500 of greater. Bonus Bets wager excluded from returns. New customers only. T&CS, time limits and exclusions apply. This Referral Code is used for marketing/tracking purposes only. $10 minimum deposit. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New customers only. Available in app only. Max. prize, game restrictions, time limits and T&Cs apply. GAMBLING PROBLEM? CALL OR TEXT 1-800-GAMBLER (AZ/CO/IL/IN/KS/KY/LA/MD/NC/NJ/OH/PA/TN/VA) or 1-800-BETS OFF (IA). 21+ (18+ KY). Must be present in AZ/CO/IA/IL/IN/KS/KY/LA (select parishes)/MD/NC/NJ/OH/PA/TN/VA.

Best Slots

BetMGM Promo

Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win

Bonus here!

Gambling problem? Call 1-800-GAMBLER (Available in the US) Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA) 21+ only. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-BETS-OFF (IA), 1-800-981-0023 (PR). Rewards are non-withdrawable bonus bets that expire in 7 days. In partnership with Kansas Crossing Casino and Hotel. See BetMGM.com for Terms. US promotional offers not available in DC, Mississippi, New York, Nevada, Ontario, or Puerto Rico.

Newcomer

FanDuel Promo

Bet $5 Get $150 in Bonus Bets If Your Bet Wins!

Join now!

Gambling Problem? Call 1-800-GAMBLER or visit RG Help . Call 1-888-789-7777 or visit Helpline and Chat - CONNECTICUT COUNCIL (CT). Hope is here. Home or call (800) 327-5050 for 24/7 support (MA). Visit Home (MD). Call 1-877-8HOPE-NY or text HOPENY (467369) (NY). 21+ (18+ D.C.) and present in select states (for KS, in affiliation with Kansas Star Casino). First online real money wager only. $5 first deposit required. Bonus issued as nonwithdrawable bonus bets which expire 7 days after receipt. See terms at FanDuel Sportsbook

When to hedge a bet

You might also choose to hedge during a game when your team has the advantage, like being ahead by several points, but you have an uneasy feeling that the other team will make a last-minute comeback. Here again, but live in play this time, you could place a small bet at what is now likely to be high odds on the losing team, to act as insurance in case your uneasy feeling turns out to be correct.

A third example might happen over the course of a tournament or season. At the start of the MLB season, you might have bet on the Philadelphia Phillies winning the world series, and as they progressed onward, the odds of them winning would have dropped. When it became clear they would be facing the Houston Astros, you could have wagered on the Astros to beat the Phillies, managing your risk, and equalizing your profit regardless of who walked away champions.

Although you might now understand this in principle, you have probably also worked out that there is some serious math that needs to take place to get this right and ensure the profit will be the same no matter who wins the contest. However, you don’t need to memorize any formulas yourself, as you can simply use an online hedging calculator.

Our best bookmakers

4.9/5

Bet365 Review

Bet $5 & Get $200 in bonus bets

USA Players Welcome

Bet now

4.8/5

BetMGM Review

Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win

USA Players Welcome

Bet now

4.7/5

FanDuel Review

Bet $5 Get $150 in Bonus Bets If Your Bet Wins!

USA Players Welcome

Bet now

4.6/5

Caesars Review

Bet $1, Double your Winnings on your Next 20 Wagers. Up to $25 Max Bet Per Boost

USA Players Welcome

Bet now

21+ New users only. Must register using eligible promo code. First bet after registration must qualify. Max. Bonus Bet: $1,000. Bonus Bet expires 14 days after receipt. Void where prohibited. See Caesars.com/promos for full terms. Gambling Problem? 1-800-GAMBLER (1-800-426-2537)

4.5/5

DraftKings Review

New Customers: Bet $5+ Get $300 in Bonus Bets If Your Bet Wins + 3 Months of League Pass On Us!

USA Players Welcome

Bet now

T&Cs and 21+ apply

How to use a betting hedge calculator

Hedging is such a well-used technique that you can easily find a betting hedge calculator when you need one. You are likely to be presented with four boxes, two for your original wager and two for your hedge bet. You start by adding the details of your first bet, for instance, odds of +500 and a stake of $50. Then, in the first of the lower boxes, add the odds of your hedged bet, and the stake you need to place will appear automatically in the fourth box, along with the total payout and what your profit will be regardless of who wins.

You also need to remember that this works best when there can be no tie in the contest, as that third variable is not often allowed for on most hedging calculators.

Conclusion - hedging bets is simple, provided you have the right tools

Now that you have had hedge betting explained, you will have an extra strategy to use in your betting activity. You need to remember that it can only be used when the odds have dropped sharply since your initial wager, but it can come in very useful when you want to manage your risk.

There are, of course, other techniques like hedge betting discussed elsewhere at The Game Haus, so you can find out all about them and how to use them by checking out the range of online betting guides.

The best sports betting bonuses for 2025

4.9/5

Bet365 Promo Code

Bet $5 & Get $200 in bonus bets

USA Players Welcome

Wagering (WR): 1x Bonus

Open Bet365

Get bonus now

4.8/5

BetMGM Promo Code

Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win

USA Players Welcome

Min. Deposit: $5

Open BetMGM

Get bonus now

4.7/5

FanDuel Promo Code

Bet $5 Get $150 in Bonus Bets If Your Bet Wins!

USA Players Welcome

Wagering (WR): 1x Deposit, Min. Deposit: $5

Open FanDuel

Get bonus now

4.6/5

Caesars Promo Code

Bet $1, Double your Winnings on your Next 20 Wagers. Up to $25 Max Bet Per Boost

USA Players Welcome

Wagering (WR): 1x Deposit

Copy

Get bonus now

4.5/5

DraftKings Promo Code

New Customers: Bet $5+ Get $300 in Bonus Bets If Your Bet Wins + 3 Months of League Pass On Us!

USA Players Welcome

Min. Deposit: 5

Open DraftKings

Get bonus now

T&Cs and 21+ apply

Hedge betting explained FAQ

💡What is hedge betting ?

Hedge betting is a method of diverting risk for savvy bettors. However, many don’t understand it and get it wrong as a result. By checking out our short guide, you will find hedge betting explained, as well as examples of when it can be both possible and profitable.

💭How do you use a betting hedge calculator ?

There are calculations involved when betting hedge manually, which does leave room for human error. However, there are calculators available to do the hard work for you. To find out how to use a hedging calculator, and see examples of when it might be useful, check out our latest guide.

🤔How do I know when to hedge a bet?

Hedging a bet can help you to come away with a profit regardless of who wins the game or match you are betting on. However, it can only work in certain circumstances. To find out when you can hedge a bet, and see how you can do it, check out our latest guide.

💸How do you hedge a bet?

If the circumstances are right, you should be able to hedge your bet to divert the risk. This is easier said than done, as you will need to know what those circumstances are, and how to complete the calculation for your hedge bet. By reading our latest guide, however, you will find all of the information you need.

💰Is hedge betting legit?

Bet hedging is a technique used by savvy bettors to divert risk. However, you might be concerned that it sounds too good to be true. By reading our latest guide, you will be able to see exactly how it works so you can decide for yourself if you want to do it or not.

Bet365
Bet365 Review

4.9/5

BetMGM
BetMGM Review

4.8/5

FanDuel
FanDuel Review

4.7/5

Caesars
Caesars Review

4.6/5

DraftKings
DraftKings Review

4.5/5

Go to Sports Betting Comparison