Hedge Bet Calculator

Hedging a $100 bet at 300 against -200:

• Place $266.67 on the other side

• Locked in either way: $33.33 (9.10% on total money at risk)

• If the hedge wins: $33.34 · if the original wins: $33.33

Leaving desired profit at 0 equalises both outcomes. A target larger than the equal-profit amount cannot be reached by hedging, so the calculator falls back to the equal split rather than reporting a loss as if it were locked in. Prices move; check both books before placing.