CP Price Desk
The math in every price, on the board.
Hedge calculator
Work out the hedge that makes a ticket pay the same either way, or test any hedge amount. Free, no sign-in, for adults 21+.
Your open ticket
On the boardTurn on JavaScript to calculate.
A calculator shows the math in a price. It does not pick for you.
How it works
Two outcomes
Open stake S at decimal d1, hedge H at decimal d2; both stakes count. Ticket wins: S × d1 - S - H. Hedge wins: H × d2 - H - S.
Make them equal
Both tickets return the same when H = S × d1 / d2. The result either way is S × d1 - S - H.
Or test any amount
Switch to “I’ll hedge this amount” or drag the slider to see both outcomes.
H = S × d1 ÷ d2- $100 on +400 (5.00), other side now -150 (1.667)
- Both return $500: hedge $300.00 → +$100.00 either way
- Hedging $100 instead: +$300.00 if the ticket wins, -$33.33 if the hedge wins
Each result is the net of both tickets: what comes back minus both stakes. When the two prices add to more than 100%, as a fresh two-way line does, the even hedge loses a little either way: $100 at +150 hedged at -300 is $187.50 for -$37.50 either way.
Common questions
What is a hedge?
A second ticket on the other side so the result is less tied to one outcome.
Does hedging cost something?
Yes. The result either way is less than the open ticket's full return; the calculator shows exactly how much.
Can I hedge a parlay with one leg left?
Yes. Enter the parlay's full odds as the open ticket and the price against the last leg as the other side.