Free Bet Converter

How free bets work

Most free bets and bonus bets return only profit if you win — the stake itself is not returned. This makes them worth less than face value in cash terms.

Use this calculator to estimate the expected value of a free bet at given odds, or plan a hedge to lock in a guaranteed cash conversion.

Expected value mode

Enter the free bet amount and the odds you plan to use it on. The calculator shows potential profit, expected value assuming market probability, and conversion rate.

Higher odds = higher conversion rate but lower win probability. Balance risk tolerance against guaranteed value.

Hedge conversion mode

Enter the free bet amount, free bet odds (usually plus odds), and hedge odds (opposite side). The calculator shows the hedge stake needed to guarantee a profit regardless of outcome.

Hedging locks in value but requires cash for the hedge. Shop for tight lines to maximize conversion.

FAQ

What is a free bet converter?

A tool to calculate the cash-equivalent value of a free bet or bonus bet. Since free bets usually return only profit (not stake), they are worth less than face value.

What conversion rate should I target?

Higher odds give higher conversion rates but lower win probability. Common targets are 60–80% depending on risk tolerance and whether you hedge.

Should I hedge my free bet?

Hedging guarantees a cash payout but requires capital. If you prefer certainty, hedge. If you prefer higher upside with risk, play it straight.

Does this work for site credit and bonus cash?

It depends on terms. Some bonus funds are cashable after playthrough; others behave like free bets. Read the promo terms before using this calculator.