Free Bet Converter: Turn a Free Bet Into Cash
A free bet pays the winnings but not the stake, so it is worth less than its face value. Place it on a long price and hedge the other side at a second book, and you keep a guaranteed amount of cash whichever way the game goes. These are live markets you can convert a free bet through right now, ranked by how much of the face value you keep. Compare FanDuel, DraftKings, Caesars and BetMGM free. Members unlock the full 20+ book board, the book holding the best price, and the conversion % on every market.
How to read this free bet converter
Every row is one market with both sides stacked: the top line is one side, the line under it is the other. The event, the start time and the market are all live from the same feed that powers the JediBets screener.
The greyed columns on the right are the members-only part: the book actually holding the best price on each side, that price, and the conversion % for the pair. Those three numbers are what turn a list of markets into a bet worth placing. Start a free trial to unblur them.
Prefer to run the numbers yourself? Use our free betting calculators, or browse free odds comparison across every sport we cover.
Free Bet Converter FAQ
How does a free bet converter work?
You place the free bet on one side at a long price, then back the other side with cash at a second book. One of the two wins whatever happens, so you lock in a guaranteed return instead of a coin flip.
How much is a free bet actually worth?
A free bet returns the profit but not the stake, so a $100 free bet is worth less than $100. A good conversion keeps roughly 70% or more of the face value as cash. The exact number depends on the price you hedge at.
Why bet the free bet on the longer price?
A free bet only pays the winnings, so the longer the price, the more it returns when it lands. Hedging the short side with cash then costs you less, which leaves more of the face value in your pocket.
Is the free bet converter free to use?
This page is free and shows the live markets with prices at four sportsbooks. The best hedge book, the best price and the conversion percentage are part of a JediBets membership.
Unlock the full board and the conversion %
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