Introduction
This online tool calculates various strategies when a hedging opportunity exists on a betting exchange such as Betfair, where you can back and lay selections. Hedging opportunities occur in two scenarios:
1. You have made a back wager and the lay odds have since fallen below your back odds
2. You have made a lay wager and the back odds have since risen above your lay odds
This calculator calculates three strategies. One aims to achieve the same profit regardless of the event outcome, while the other two aim to deliver a profit in one scenario, with no profit or loss otherwise.
Hedging Calculator
A hedging opportunity arises when you have made a wager and the odds have since shifted in your favour.