Converting Freebets
What is a Freebet?
A Freebet is a type of promotional bet offered by bookmakers that allows you to place a bet without risking your own money. If your freebet wins, you only receive the winnings, excluding the stake.
Example:
You place a 10€ freebet at odds of
x3 and win. You will receive 20€.
(10 x 3) - 10 = 20
A rating is basically just a percentage that indicates how much value a specific bet has when using a freebet.
Meaning, a rating of 70% indicates that you are getting 70% of the Freebet's
value after conversion.
Example:
A 10€ freebet with a rating of
70% is worth 7€.
A Rating value helps you correctly value your freebets when placing qualifying bets in order to unlock them, or at any time, you are rewarded with a freebet in some way. Knowing an approximate value of the freebet ahead of time allows you to include that value in your calculations.
What Rating should I use?The rating you should use depends on the bookmaker, generally speaking:
- You always want a rating as high as possible, giving you the most value, and thus profit from a freebet.
- But also achievable! Meaning if you are only able to find a bet with your chosen rating once in a blue moon, it might not be worth lowering your expectations and using a lower rating instead.
Always find out what ratings you can achieve with the specific bookmaker, before calculating your bets! If you end up using a rating that is too high, you might end up losing money overall.
To find good odds, you can use odds comparison websites, but searching by hand is not impossible either. You just have to know what to look for.
There is always a minimum odd requirement when using freebets, in order to achieve a certain rating, due to the stake not being returned.
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This does however not mean you should only look for bets at exactly these odds. Often you can find better ratings,
due to bookmaker margins, at higher at x6 or even higher.
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