Hedge Bet Calculator

What is a Hedge Bet Calculator?

A hedge bet calculator is an invaluable tool for Kiwi bettors that calculates how much you need to stake on a second bet to safeguard, “hedge,” the original one. In doing so, you basically wager on an outcome opposite from the first one. That way, you maximise your chances of ensuring profit or, in the worst-case scenario, reduce the risk of losing larger sums of money.

For instance, if you are a basketball betting enthusiast, you may have backed the LA Lakers to win the game against the Miami Heat. However, you may have received some last-minute updates about injuries to key Lakers players. So, now you want to minimise your potential losses. To do so, you go to a betting exchange to wager against the LA Lakers winning and lay the bet. A hedge bet calculator can tell you exactly how much to stake to walk away with a small profit or mitigate more serious losses.

You can also hedge your bet if your original wager is going according to plan and has a good chance of winning. In this situation, some New Zealand sports bettors opt to lock in profit and bet on the opposite outcome to win regardless of the result. A hedge bet calculator can tell you how much of a return you would get with different odds and stake amounts, helping you make informed decisions on NZ betting sites.

Why Use the Hedge Betting Calculator?

Betpack’s hedge betting calculator offers unique perks to New Zealand bettors. However, some players may still be undecided. Consider the following reasons if you are still thinking about using one:

• Reduces risk: You can easily calculate how much you need to stake on a second bet to offset any potential losses of your original wager.
• Lock in returns: If you are a risk-averse bettor, you can safeguard a bet by hedging it. That way, win or lose, you get a profit.
• Can be used for different sports: You can hedge bets from multiple sports, from cricket and soccer to rugby and horse racing.
• Instant and accurate calculations: Get the exact bet stake amount without having to do complex mathematical calculations yourself.

Betpack Tips for Effectively Using the Hedge Bet Calculator

A hedge bet calculator can work wonders for New Zealand bettors looking to optimise their betting strategies. Let’s look at some tips to help you make the most of them:

• Define your goal: Decide if you are hedging your bet to get guaranteed profit or to minimise your losses. Setting a clear objective will allow you to harness the full potential of the calculator.
• Act quickly: Betting odds change quickly when you are hedging your bets in pre-match markets and fluctuate even more when placing in-play bets. As a rule of thumb, it is best to hedge your bets as early as possible.
• Cover all outcomes: You might be tempted to hedge your bet by covering only one outcome i.e. bet on a Draw when the initial bet is a Home Win. However, our advice is to lay the original bet at a betting exchange and cover all outcomes, as that is the only way to lock in returns.

Conclusion

Hedge betting allows New Zealand sports bettors to offset or minimise losses of their original bets and lock in profit. However, the risk of over or under-hedging is always there, especially if you are not quite experienced with making hedge betting calculations yourself. Fortunately, the hedge bet calculator available on our website provides quick and accurate calculations for even the most complex hedge betting scenarios. By using the calculator, you will be able to hedge a variety of bets with the confidence that you are staking the optimal amounts and using a disciplined betting approach.