![]() ![]() % Profit: Dollar profit as percent of freeplay notional size. $ Profit: The risk-free profit in real dollars obtained from the freeplay bet and hedge Outputs Hedge Bet: The dollar amount wagered on the hedge to extract risk-free value Hedge Line: The line at which the freeplay is hedged Inputs Free Bet Size: The free bet size in dollarsįree Bet Line: The line at which the freeplay is bet (US or decimal) This means that for a $100 free bet, you will be able to earn $70 cash risk-free. ![]() Hedging Strategy 1: Maximize Expected Value. Most sports bettors aim to get free bet conversion percentages over 70%. A hedge betting calculator helps determine the total bet amount you need to stake based on your desired strategy. No matter the outcome you would net $800 (Free bet wins = $300 minus $220 hedge bet = $80, hedge bet winds = $80). In this case, you would need to place a $220 bet on the Under 50.5 at -275. If you place that $100 free bet on the Over 50.5 at +300 odds you could use this calculator to calculate the size of the hedge bet to make at a different sportsbook to lock in a guaranteed profit. On the Free Bet Conversion Tool you see an opportunity on the Over/Under 50.5 in the New England Patriots vs Jacksonville Jaguars. Learn more about Free Bets in this article, What is a Free Bet? Learning how to use a free bet calculator will enable you to convert your free bets into cash at the highest possible rate with no risk.Īs an example, imagine you have a $100 free bet on BetMGM. Free bets are different from cash because, if your wager wins, you do not get back your initial stake. As part of many promotions and sign-up bonuses, US and Canadian sportsbooks offer "free bets," or freeplays. free play calculator), or free bet conversion calculator, determines the rate at which you can turn a free bet into cash. How to Use a Free Bet Conversion or Free Play CalculatorĪ free bet calculator (e.g. ![]()
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