![]() ![]() The reason for this is that with the free bet, you don't receive the amount wagered back, whereas you do with the hedge bet.For example, you're better off placing a $100 free play on +225 odds and hedging it with $165.79 on the -280 side (guaranteeing profits of $59.21) than placing the $100 free bet on -280 odds and hedging with $10.99 on the +225 side (only guaranteeing $24.73).Always place the free bet on the side of a two-way market with longer odds.Strategies for Placing & Hedging Free Bets The tool above an also be used as a free bet conversion calculator or risk-free bet calculator. ![]() Typically, a free bet conversion of 70% or more is considered good. The idea is that you can convert some percent of that free bet amount into guaranteed winnings by betting the other side with another sportsbook. This strategy is also called free bet conversion. In the second case, you could win more or less depending on the result of your free bet and other wager. You can use the bottom section to see how much you would win if you wager a different amount than the top section suggests. Using the top section of our Free Bet Calculator will show you how much to wager in order to maximize your guaranteed profit. While you won't win as much as you would if you only bet the free play and won, you will always win some money with this strategy. Best Sportsbook Promotions & Promo Codes.SI Sportsbook Promo Code | $200 in Free Bets. ![]()
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