Free Bet Calculator
Odds Converter
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Decimal
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Probability
Free Bet Calculator
Back Odds:
Lay Odds:
Back Stake:
Lay Commission(%):
Lay Stake Required:
Lay Liability:
Click to Copy
Profit if Back Bet Wins:
Profit If Lay Bet Wins:
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How To Use The Free Bet Calculator
1)
Use the Checkbox at the Top of the Calculator to indicate if it is a Stake Returned Free Bet, or a Stake not Returned Free Bet. You may also see it called SR and SNR. Most Free Bets are Stake not Returned though so you will likely be leaving this blank.
2)
Next Enter the Back Odds for the Event. This is the odds on the Bookmaker that you have a Free Bet on, and you will need to enter it in decimal form (e.g. 4.0 instead of 3/1). You can use the odds converter to the left of the calculator if you need to get the decimal odds.
3)
Next enter the Lay Odds, this is the Odds on the Exchange, we typically use Smarkets to lay our bets and it should already be in decimal form if you are using Smarkets.
4)
Now enter the Back Stake, this is also the Free Bet amount on the Bookmaker.
5)
The last piece of information you need to input is the lay commission. This is the commission that you pay on the exchange when laying bets and it is typically either 0% or 2%. You can check this by googling the commission paid on the specific exchange you are using, or just checking on your exchange.
Enter the commission as a percentage (e.g. 2% instead of 0.02) or you can just use the buttons above the input box to quickly select either 0% or 2%.
6)
Select your laying method. You can click between 'Underlay', 'Standard', and 'Overlay' to see the different Lay Stakes and profits you will make with each option. Underlaying a Free Bet is also called 'punting' and you won't need to place any Lay Bet.
Learn more about the differences between Underlaying, Standard Laying, and Overlaying in Our Price Boost Guide.
7)
Click the Lay Stake to copy it to your clipboard, and then place your Free Bet with the Bookmaker and the Lay Bet on the Exchange.
8)
Once both Bets are placed you can then Click the 'Log Bet' Button at the bottom to save it to Your Profit Tracker. You can also Select the Bookmaker, Date and add a Description.
You can also use the Pink Buttons at the bottom to share the Calculator with a friend, and we would appreciate it a lot if you would do this as it would be very helpful for our site.