Free Bet Conversion Calculator

What is Free Bet Conversion?

Free bet conversion is the process of turning sportsbook bonus bets into guaranteed cash by hedging at another sportsbook. Since bonus bets don't return the stake on winning bets, special calculations are needed to maximize the conversion rate.

A good conversion rate is typically 70% or higher, meaning a $100 free bet can be converted to at least $70 in cash through proper hedging. This calculator helps you determine the optimal hedge bet amount to maximize your conversion rate.

How to Use This Calculator:

  1. Enter your free bet amount
  2. Input the odds for your free bet (typically the higher odds)
  3. Enter the hedge odds from another sportsbook
  4. The calculator will show your optimal hedge amount and guaranteed profit

Tips for Free Bet Conversion

  • Place the free bet on the higher odds (typically the underdog)
  • Look for markets with large odds disparities between books
  • Consider conversion rate vs. time/effort required
  • Double-check all odds before placing both bets

Common Conversion Scenarios

  • 70-75%: Good conversion rate for most free bets
  • 75-80%: Excellent conversion rate
  • 80%+: Exceptional conversion rate (rare)
  • Below 70%: Consider waiting for better opportunities

Note: Always verify the terms and conditions of your free bet before attempting conversion. Some free bets have minimum odds requirements or other restrictions.