
Placing a $10 bet on the Knicks at +350 and another bet of $24.55 on the Rockets at -120 would result in a guaranteed profit of $10.46. iCalculator Sport Calculators are regularly updated to include new features and facilities, we also provide sports guides to help you make the most of your sporting activities. If you input these numbers into the hedge calculator, you will get a hedge bet amount of $24.55.
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Use this free bet calculator tool to convert different betting odds and figure out payouts.

If you wanted to hedge your original Knicks bet, you could place a moneyline bet on the Rockets. Welcome to the official Vegas Insider betting odds calculator. 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.
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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. No Vig Calculator (Fair Odds) Enter American odds in the Team 1 and Team 2 fields to see the no vig or 'fair odds' and implied win probability. This calculator shows you the vig free odds for a given line. Using a round robin is another way to hedge a parlay. Calculating the no vig line (fair odds) is an important tool to have when evaluating sports bets. As a +EV sports bettor, you must be ready for downswings, but since all of your wagers will have positive expected value, is it mathematically guaranteed that you will profit in the long run. 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. Positive expected value betting, or value betting, is for those who can manage risk and accept variance. Using the hedge calculator, you would plug in the following inputs: If you want to hedge the parlay, you would be on the Chicago Bears.

Choose from the two dropdown menus below to auto-populate the product boxes with results, or click on the product boxes to activate your own personalized choices. The formula to calculate expected value for betting. This Product Comparison Calculator will allow you to compare products in one of two ways. All bettors should be aiming to identify betting value with every bet they make.
