How to value a free bet
- Enter the free bet amountThe value of the token or bonus bet in naira.
- Enter the oddsThe decimal odds of the selection you plan to use it on.
- Pick the typeStake not returned (SNR) is the common kind: you keep the winnings only. Stake returned (SR) pays back the free bet amount as well.
Formulas
SNR return = amount × (odds minus 1). SR return = amount × odds. Average value at fair odds = return ÷ odds. The average is what the free bet is worth over many tries if the odds were fair.
What a ₦1,000 SNR free bet is worth
| Odds | Pays if it wins | Average value | Share of face value |
|---|---|---|---|
| 1.50 | ₦500 | ₦333 | 33% |
| 2.00 | ₦1,000 | ₦500 | 50% |
| 4.00 | ₦3,000 | ₦750 | 75% |
| 10.00 | ₦9,000 | ₦900 | 90% |
With a stake-not-returned free bet, higher odds keep more of the value, but the bet wins less often. Many punters lock the value in with a lay bet instead; see the matched betting calculator.
Free bet calculator FAQ
Why is my free bet not worth its full amount?
Because you never get the stake back with an SNR free bet, and the bet can lose. Its value depends on the odds you choose.
Do free bet winnings have rollover?
Sometimes. Some bookmakers pay free bet winnings as bonus money with a wagering requirement. The rollover calculator estimates that cost.
Can I use a free bet on an acca?
Often yes, if the terms allow it. Enter the total acca odds here to see the payout.
Are there minimum odds for free bets?
Most offers set minimum odds per selection or per slip. Check the terms before you place it, or the bet may not count.