The math
You hold the Jets at +300 for $100. The other side is now -150. A hedge of $240 on the other side locks in about $60 whoever wins. The calculator below works it out for any price.
When it makes sense
- The amount at stake is big enough to change your life or your bankroll.
- You got a great price early and can lock in profit at a fair price now.
- You are converting a bonus bet (see the bonus bet guide).
When it does not
Hedging costs the vig on the second bet. Book cash out buttons usually price in an extra cut on top. If the amount is small next to your bankroll, letting the bet ride is usually worth more on average.