It calculates various strategies when a hedging opportunity exists using a betting exchange such as Betfair, Smarkets and WBX, where you can back and lay selections. The calculator can be used for exchange lay bets in conjunction with standard bookmaker (back) wagers. Simply input 0 for the commission on bookmaker wagers. The calculator also supports opposing back and lay bets with two different exchanges.
The tool calculates three strategies. One aims to achieve the same profit regardless of the event outcome, while the other two aim to deliver a profit in one scenario, with no profit or loss otherwise. If you haven’t done so already, be sure to view our guide on hedging with a betting exchange.