Hedging Calculator for Tennis Trading
Our hedging calculator works out the stake value you need to back or lay an existing position so you are guaranteed to make a profit or limit your loss - whether your existing trade wins or loses.
Hedging your trades means you don't have to wait for the outcome of the match.
Therefore, you don't have to sit through every point and you're free to carry on trading!
See below for a guide on how to use this calculator & how it can help your trading
How to use the calculator
Enter your data into the orange boxes
Choose the correct column:
- if you’re looking to hedge a Back trade use the left column
- if you’re looking to hedge a Lay trade use the right column
1. Enter the odds of your first trade in the yellow box
2. Enter the stake value of your first trade in the yellow box
3. Enter the odds you wish to use for your closing trade, in the yellow
4. Press Go!
5. In the two red boxes underneath 'Go', you will get the stake value necessary for your hedging trade
The guaranteed profit or loss (not allowing for Betfair commission on winnings)
When to use the calculator?
In practice, if you want to hedge an existing trade immediately you may as well use the built in hedging tools in Betfair (they call it cash out) and sports trading software have built in hedging options.
Therefore, the best way to use this hedging calculator is for estimating your potential profit or loss by planning for different exits.
For example, you can quickly see what your profit will be if the odds move to a certain price. Likewise, you will know your maximum loss if the odds move against you.
How does it help your trading?
It is the best way to close an existing trade as you now have a guaranteed profit or loss that will not change for the rest of the match.
You are therefore free to continue placing more trades on either player during the same match.
This netProfit hedging calculator is ideal for traders to quickly know the stake value required to hedge an existing trade.
Hedging an existing trade requires placing a second trade on a different outcome. e.g. so if your existing position is a Back trade, then you would hedge with a Lay trade. Therefore you would hedge a Lay trade with a Back trade
By hedging every trade, you secure the profit when the odds have moved as you predicted; or limits your loss if the odds have moved against you.