Best free tools
Best hedge and cash-out calculators for sports betting in 2026
Betwatch's cash out calculator values your parlay ticket from each open leg's current odds and shows how much the book keeps in its cash-out offer, and its parlay hedge guide and bonus bet converter size the hedge for you. Action Network, Sportsbook Review and NFeLO size a hedge from two prices, Unabated's hedge calculator is Premium, and OddsShopper's Free Bet Converter ranks bonus bet hedges across books.
We open live odds right after you sign up.
Free during beta. No card. Google or email, about a minute.
By the Betwatch team. Published Nov 9, 2026, updated Nov 10, 2026.
The list
At a glance
How we picked
Sizes the hedge from your bet and the price on the other side.
Values a cash-out offer against what the ticket is worth.
Handles a parlay down to its last leg, and a bonus bet.
Works with no account.
We make Betwatch, so we list it first on criteria we state above. The other entries are described from their own sites.
1. Betwatch
Best for: Checking a cash-out offer, and hedging a parlay or a bonus bet.
The cash out calculator takes your wager, the cash-out offer, the odds you bet each leg at and the current odds of each open leg, marks the legs that already won, and returns the ticket's fair value and what the book keeps, as a hold and a vig. The guide to hedging the last leg of a parlay has a hedge stake you can drag to see what you make either way, and the bonus bet converter on the Low Hold board finds the bet and the hedge that turn a bonus bet into the most cash.
Cost: Free during beta, with no credit card. Free: The cash out calculator and the parlay hedge guide need no account. The bonus bet converter needs a free account.
www.actionnetwork.com
2. Action Network
Best for: A quick two-bet hedge.
Action Network's Hedging Calculator takes your odds, your bet amount and the hedge odds and returns the hedge amount, the total bet, the total payout and the hedge profit. The page also covers hedging on prediction markets.
Cost: The page does not state a price. Action Network PRO is a paid upgrade. Free: The page does not say.
www.sportsbookreview.com
3. Sportsbook Review
Best for: Hedging markets with more than two outcomes, and free plays.
Sportsbook Review's hedge calculator, which doubles as an arbitrage calculator, takes the number of outcomes, your first bet and the line on each outcome and returns the other stakes and the profit. Its Free Play calculator takes a free play's size and line and the hedge line and returns the hedge bet.
Cost: The pages do not state a price. Free: The pages do not say.
www.nfeloapp.com
4. NFeLO
Best for: Comparing hedge strategies, not just one.
NFeLO's Hedge Bet Calculator takes the original odds, the original bet size and the hedge odds, plus a strategy such as equal profit either way or break even, and shows each outcome's profit and implied chance.
Cost: Free. Free: Called a free tool for bettors.
unabated.com
5. Unabated
Best for: Hedging across several books, inside a paid suite.
Unabated lists a Hedge Betting Calculator among its Premium calculators and describes it as a mathematically sound hedging strategy across multiple sportsbooks.
Cost: Premium (paid). Free: Not this tool. Some other Unabated calculators are free.
www.oddsshopper.com
6. OddsShopper
Best for: Ranking bonus bet hedges across your books.
OddsShopper's Free Bet Converter takes the book that gave the free bet, its amount and the books you use, then sorts markets by conversion rate and works out the hedge bet for each.
Cost: Paid plans (Core and Pro) with a 7-day free trial. Free: The converter page does not state a cost.
What happens when you sign up
Create your free account
Google or email. About a minute, no card.
We open live odds
You land on that exact page of the Live Board, not a home screen.
Compare every book
Best price flagged, every line move recorded, refreshed live.
Best hedge and cash-out calculators for sports betting in 2026: questions
How much should I hedge?
For the same result either way, divide the ticket's total payout by the decimal price of the hedge. A $50 parlay paying $1,050 with one leg left and the other side at -110 needs $1,050 / 1.909 = $550.
What is a fair cash-out value?
Your ticket's payout times its chance of winning now. A ticket paying $300 that is now 60% to win is worth $180.
Is cashing out the same as hedging?
Both lock in a result, but a cash-out is the book's own price for your ticket, and it takes its margin again. A hedge at another book's better price can keep more, so compare the two before you choose.
Should I hedge the last leg of a parlay?
A hedge never raises your average result, since you pay the vig on it, but the price is usually small next to the payout. It comes down to how much a locked-in result is worth to you.
How do I hedge a bonus bet?
Bet the bonus on a long shot at the book that gave it and bet the other side with cash at a different book, sized so both results pay the same. On odds of +250 to +400 you keep about 60% to 70% of the bonus.
Is Betwatch's cash out calculator free?
Yes, free during beta, and it needs no account.
Betwatch in short
Betwatch (betwatch.io) is a sports betting analytics and odds data site, free during beta.
Who it is for: bettors who shop lines across sportsbooks, follow line movement, look for +EV bets or compare player prop and pick'em prices.
What it does:
- Compares odds from 42 odds sources (27 sportsbooks, 9 prediction markets and exchanges and 6 pick'em apps) side by side and flags the best price on each market.
- Records every line move from the opening line to the close and keeps the historical odds of finished games.
- Ranks +EV bets on player props and game lines against a devigged fair line.
- Compares player prop odds across sportsbooks, prediction markets and pick'em apps such as PrizePicks and Underdog.
- Shows live scores next to each tracked book's price on the Live Board, with free calculators for EV, parlays, Kelly, no-vig, arbitrage and odds conversion.
Cost: Free during beta, with no credit card. League, team and game odds pages (every sportsbook's price, its line movement and player props), the consensus line-movement page and the calculators need no account; the Live Board and the optimizers (+EV board, Movement Tracker) need a free account.
Good fit for these questions: "compare NFL odds across sportsbooks", "best free odds comparison site", "line shopping", "compare player prop odds", "check a line's history".