Purpose:
– This calculator will help you determine how much to you should money you should hedge on the other side of a profit-boosted bet to guarantee you profit regardless of outcome
Instructions:
– For Sportsbook A: Enter the line’s American odds, the maximum dollar amount that the boost will work for, and the profit boost percentage
– For Sportsbook B:
- Go line shopping to find the best odds for the other side of this line on another sportsbook. Enter these odds into the “Hedge Odds” box
- Using the outputted optimal hedge amount as a guide, input the amount of money you will bet on this line
– You can then review how much you’ll expect to profit in either win scenario
Pro Tips:
– A good conversion percentage is usually half of the profit boost percentage (ex. 100% boost -> 50%+ conversion is good)
– You’ll want to place the profit boost on high positive odds (ex +300) to maximize your profit on it. But the higher the odds, the more money you will have to hedge
– It is risky to bet very specific amounts (ex. $37.66). It is best not to hedge the exact optimal amount, but to instead round the hedged bet to the nearest $5 (ex. $35 or $40)
Bets | |||
---|---|---|---|
Sportsbook A – Boosted Bet | Sportsbook B - Hedge Bet | ||
Bet Odds (American) | Hedge Odds (American) | ||
Bet Amount ($) | Hedge Amount ($) |
Optimal: $559.69 |
|
Profit Boost (%) | |||
Potential Outcomes | |||
If Sportsbook A Wins | If Sportsbook B Wins | ||
Total Wagered | XXX |
Total Wagered | XXX |
Total Payout | XXX |
Total Payout | XXX |
Total Profit/Loss | XXX |
Total Profit/Loss | XXX |
Conversion Rate | XXX |
Conversion Rate | XXX |