Free Bet Conversion Calculator
Free bets pay profit only — you don't get the stake back. Hedging the other side at a tight market converts a free bet to real cash. This shows the exact hedge stake and your cash conversion rate.
What this means
A free bet is "stake not returned" — if it wins at +300, you get $300 (not $400). To convert it to cash, place a real-money hedge on the opposing side at the tightest market you can find. The hedge stake = (free bet × (decimal − 1)) / hedge decimal.
The closer the free bet odds are to your hedge odds, the better the conversion rate. Long-shot free bets (+400 and up) typically convert at 70-75%; "near-juice" free bets (+100 to +150 with tight hedges) convert at ~60%. The math always favors longer free-bet odds.
Practical tip: hedge first on the safer side, place the free bet second. Books occasionally null the free bet if they detect the hedge pattern, so spread your activity across multiple books over time.