UTILS.
100% in-browser
⚖️

Hedge / Cash-Out Calculator

Find the hedge stake on the opposite outcome that locks in an equal guaranteed profit whichever side wins, plus your total outlay and locked ROI.

Enter your original stake and odds plus the opposing odds to find the hedge that equalises profit.

Pure math reference — no real-money handling or betting advice.

About this tool

The Hedge / Cash-Out Calculator works out how much to stake on the opposite outcome so that you win the same amount no matter which side comes in. Starting from an original bet of stake S at decimal odds d1, its potential return is R1 = S × d1. Placing a hedge at the opposing odds d2 with stake H = R1 / d2 makes both outcomes return exactly R1, so your profit is locked at R1 − (S + H) regardless of the result.

All of the arithmetic runs locally in your browser, and nothing you enter leaves your device. Choose whether your prices are American, decimal, or fractional; the tool converts both legs to decimal internally. It then reports the hedge stake, your total outlay (S + H), the guaranteed profit or loss, the locked-in ROI on that outlay, and the equal return both sides now pay. This is the same math a sportsbook uses to price a cash-out offer, so comparing the locked profit here to the cash-out button tells you whether the book is giving you fair value.

This is a pure math reference — it does not touch real money or place bets. A guaranteed profit only exists when the combined implied probability of the two legs is below 100%; otherwise the locked figure will be negative, meaning hedging simply caps your loss. Odds move quickly, so treat the result as a snapshot at the prices you entered.

Frequently asked questions

What is the equal-profit hedge stake formula?
Hedge stake H = (S × d1) / d2, where S is your original stake, d1 the original decimal odds, and d2 the opposing decimal odds. This makes both outcomes return S × d1, so profit is identical whichever side wins.
How is the guaranteed profit calculated?
Guaranteed profit = S × d1 − (S + H), the equal return minus your total outlay. It is the same whether the original or the hedge wins. If the number is negative, hedging locks in a loss rather than a profit.
When can hedging lock in a profit?
Only when the two legs' combined implied probability (1/d1 + 1/d2) is below 100% — usually because the price moved in your favour after the first bet, or the two legs are at different books. Otherwise hedging just caps risk.
Is this the same as a cash-out?
It computes the equivalent of a manual cash-out. A sportsbook's cash-out button is an automatic hedge at prices they set, often with an extra margin. Comparing the locked profit here to their offer shows whether the cash-out is fair.

More tools