On the left hand side, enter the odds for your "free bet" and the promotion amount. On the right side, enter the odds for the hedge stake and the calculator will provide the recommended amount to stake on the hedge. Actual conversion rates vary based on the odds available, sportsbook terms, and user error.
Total Stake
$50.00
Total Payout
$100.00
Total Profit
$50.00 / 100.0%
Conversion %
50%
“Free bets” are one of the more common sportsbook promotion categories. Unlike regular bets, a “free bet” only pays out the profit — the original stake is not returned. This calculator helps you estimate the hedge bet amount used to work toward converting your “free bet” into withdrawable value. Conversion outcomes are not guaranteed and depend on the odds available, sportsbook terms, and user error.
Because a “free bet” doesn't return your stake when it wins, the amount of cash you can lock in depends on the odds you hedge. Longer underdog odds on the “free bet” side produce higher conversion math. Actual results depend on the odds available at the time, sportsbook terms, and user error — outcomes are never guaranteed.
Enter your “free bet” amount and odds on the left side, then enter the hedge odds on the right. The calculator shows the recommended hedge stake and the calculated return. For a detailed walkthrough, see our guide on How to Convert “Free Bet” Promotions.