🦛 Hedge Hippo
Hedge Calculator for Complex Positions
🦛 How to Use Hedge Hippo
What is Hedging?
Hedging is placing a bet on the opposite outcome of your original wager to guarantee profit or minimize losses. It's essentially insurance for your bets - you sacrifice some potential profit to eliminate risk.
When Should You Hedge?
- ✅ Your futures bet team reaches the championship game
- ✅ Your parlay has one leg remaining with a big payout
- ✅ Your underdog bet is surprisingly ahead in-game
- ✅ You want to guarantee profit instead of risking it all
🎯 Multi-Position Hedge
Calculates hedge amounts when you have multiple active bets and want to balance your exposure.
Step 1: Add Your Existing Positions
Click "+ Add Position" and fill in your bet details:
- Bet Description: What you bet on (e.g., "Chiefs +3.5")
- Stake Amount: How much you wagered ($100.00)
- Odds (Decimal): Your betting odds (1.91 for -110)
- Status: Pending/Won/Lost
Step 2: Set Up Your Hedge
- Hedge Bet Description: What you'll bet on to hedge
- Hedge Odds: Current available odds
- Choose Strategy: Guarantee Profit, Minimize Loss, or Custom Target
Step 3: View Results
The tool shows you the exact hedge amount and profit/loss in each scenario.
Example:
Your bets: $100 on Chiefs +7 at 1.91 odds, $50 on Over 45.5 at 2.00 odds
Hedge opportunity: Chiefs -7 available at 1.85 odds
Result: Bet $76.22 on Chiefs -7 to guarantee $65.78 profit either way!
🏆 Future Bet Hedge
Designed for hedging futures bets when your team gets close to winning.
Example:
Your bet: $100 on Chiefs to win Super Bowl at +700 odds (potential $700 profit)
Situation: Chiefs make the Super Bowl, Eagles available at +130
Strategy: Bet $308 on Eagles to guarantee at least $300 profit!
🏀 Tournament Bracket
Manages multiple positions across tournament scenarios as teams advance.
📊 Understanding Results
Every calculation shows a scenario table with:
- Scenario: What outcome occurs
- Original Bets: Profit/loss from existing bets
- Hedge Result: Profit/loss from hedge bet
- Net Profit/Loss: Your total result (green = profit, red = loss)
💡 Pro Tips
- Shop for Better Odds: Small differences in hedge odds significantly impact guaranteed profit
- Don't Always Hedge: If amount is small or you're confident, letting it ride might be better
- Wait for the Right Moment: Hedge when your original bet has a good chance to win
- Consider the "Middle": Sometimes both bets can win if the result falls between them
🔢 Quick Reference
Converting American to Decimal Odds
| American | Decimal | American | Decimal |
|---|---|---|---|
| +100 | 2.00 | -110 | 1.91 |
| +150 | 2.50 | -200 | 1.50 |
| +200 | 3.00 | -300 | 1.33 |
| +500 | 6.00 | -500 | 1.20 |