Skip to content

Hedging

Hedging is placing a second bet against one you already hold, so the result is the same whichever way the event goes. It locks a result and gives up the upside.

Example

10 at 5.00 on a team that reaches the final, where the opponents are 1.50. Backing them with 33.33 leaves 6.67 profit either way.

Go further

Hedging a bet explained with real pricesThe full explainer, on the blogHedge calculatorThe stake that locks a result either way, and what a cash-out offer gives away.

Related terms

Cash outCash out is a bookmaker’s offer to settle a bet before the event ends, for a sum it sets. It locks a result, at a price that leaves the bookmaker a margin.Lay betA lay bet is a bet that an outcome will not happen, made at a betting exchange. You take the other side of a back bet and pay out at the odds if it happens.