Betting toolPromotions and bonuses

Free Bet Conversion Tool

Estimate cash conversion from a bonus bet and an opposing cash hedge.

Convert a bonus bet

Result—

Enter the example values to calculate a result.

Turn a bonus bet into estimated cash value
Enter the free-bet amount, its odds, and the opposing side’s odds. The converter balances the bonus-bet profit against a cash wager on the other outcome, then estimates the cash proceeds and conversion percentage.
This assumes a stake-not-returned token and a two-way market with no push. The sportsbook’s rules determine the actual token value and withdrawal conditions.
Choose a market for bonus bet conversion
A useful market pairs a good token price with a hedge price that keeps enough value on the opposing side. Compare eligible offerings instead of automatically choosing the longest odds. The highest token payout can require an expensive hedge.
Enter the prices available at the time you expect to place both wagers. The estimated conversion can change quickly as either side moves.
Check free bet requirements
Bonus bets can have expiry dates, odds minimums, sport restrictions, and stake-not-returned rules. Some offers award bonus funds only after a qualifying wager settles. Confirm how the promotion handles pushes, voids, and cash-outs before converting.

What is a free bet conversion rate?

It is the estimated cash value recovered divided by the nominal bonus bet amount. The actual value depends on the offered odds and promotion terms.

What is the hedge bet for a free bet?

It is a cash wager on the opposing outcome, sized to balance the free-bet side’s profit if that side wins.

Can I withdraw free bet winnings?

Sportsbooks commonly pay winnings rather than the token stake, but eligibility and withdrawal conditions vary by promotion. Read the specific terms.