The expected profit you have by using the hedging calculator is almost equal. In this scenario, you end up with $466.66 in profit.

If the Packers win, you win your Packers moneyline bet (+$566.66) and lose the Chiefs futures bet (-$100). In this scenario you end up with $466.67 in profit. If the Chiefs win, you win your original futures bet (+$750) and lose the Packers bet (-$283.33). If both of these outcomes played out, you still end up with profit. In this instance, you would bet $283.33 on the Packers to beat the Chiefs, and guarantee yourself $466.67 in profit. Using our hedging calculator, you will enter in the original odds (+750), your original bet amount ($100), your hedging bet odds (+200 for the Packers to beat the Chiefs in the Super Bowl), and then your bet amount will be given to you. You can continue to let this bet ride, or you can hedge it. You have an outstanding bet for the Chiefs to win the Super Bowl at +750. The moneyline odds for the Super Bowl are given as: Kansas City Chiefs (-260) v. After you place this bet, the Chiefs rattle off a 17-0 season, and they are matched up against the Green Bay Packers in the Super Bowl. If this bet won, you would profit $750 dollars. Let’s say you decide to bet $100 on the Chiefs to win the Super Bowl. Let’s say you place a bet today for the Kansas City Chiefs to win Super Bowl 57.īy using our 2023 Super Bowl Odds page, you can see that as of, the odds for the Chiefs to win the Super Bowl are +750. Hedging a bet is best explained by using an example. This first bet is usually a longshot or a future, like a future for a team to win a superbowl or a big moneyline upset. When you hedge a sports bet, you are diverting risk that is associated with your first bet.

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