Free tool
Hedge & Free Bet Calculator
You hold a bet and want the same outcome either way — or you have a free bet and want cash instead. Both are the same arithmetic: back the other side for the amount that makes the two outcomes equal.
Enter your original stake and both prices — the bet you hold, and the other side you'd back.
Books limit and ban this too. Systematically hedging and converting promos gets accounts restricted or closed, the same way arbing does — and lines move between your first bet and your second, which turns a planned hedge into a bet you didn't want at a price you didn't choose.
Why a free bet is different
A normal bet returns your stake plus the profit. A free bet returns only the profit — so a $100 free bet at +200 is worth $200, not $300. That single difference is why free bets convert better at longer odds: the longer the price, the larger the profit relative to the face value, and the more of it survives hedging the other side.