![]() ![]() If you input these numbers into the hedge calculator, you will get a hedge bet amount of $24.55. ![]() If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets. In the 2nd quarter, the Knicks are up 15 points and the Rockets have a live moneyline of -120. Say you bet $10 on the New York Knicks moneyline against the Houston Rockets at odds of +350. The odds aren’t quite as good for these bets, although they also have a higher likelihood of winning compared to a parlay. #BETTING SPORTS CALCULATOR SERIES#While this hedge doesn’t include betting on both sides of the game, it does mean that you don’t need every leg of your parlay to hit.Ī round robin is simply a series of smaller parlay bets that create unique combinations of your original parlay. Using a round robin is another way to hedge a parlay. The calculator shows that if you placed a $66.42 bet on the Chicago Bears at -110 then you would be guaranteed a profit of $55.38. Unlike NRL, AFL, cricket and other major team sports suitable for Australians to bet on, racing. Using the hedge calculator, you would plug in the following inputs: A bet calculator is most useful when betting on horse racing. If you want to hedge the parlay, you would be on the Chicago Bears. Ultimately, the Kelly Criterion calculator, if you are accurate with your assessed probability should increase your value and profit. Hedge your parlay and place a bet on the Chicago Bears (-110) The fractional Kelly betting input is a way to change how aggressive or conservative you are with your wagering (1 being the standard and moving towards 0 the more conservative you wish to be with your wagering).Let the parlay ride and hope the Packers win.The Green Bay Packers play the Chicago Bears on Monday Night Football and you have two options: You have already won the Lions, Giants, Patriots, and Cowboys bets. Using our parlay calculator, you would see that the parlay would return $126.80 at +2436 odds. Say you have a $5 bet on a five team NFL parlay: You no longer need to manually figure out how much you need to be laying on each side. Using this hedging calculator simplifies the math for you. There are many examples in sports betting where you may want to hedge (or arbitrage) your original bet. ![]()
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