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By using our 2023 Super Bowl Odds page, you can see that as of 5/11/2022, the odds for the Chiefs to win the Super Bowl are +750. Green Bay Packers (+200). Using our hedging calculator, you will enter in the original odds (+750), your original bet amount ($100), your hedging bet odds (+200 for the Packers to beat the Chiefs in the Super Bowl), and then your bet amount will be given to you. 67 in profit. In this scenario, you end up with $466. The expected profit you have by using the hedging calculator is almost equal.