Free Bet Converter (SNR)
To convert free bets (Stake Not Returned) into real cash with maximum efficiency via a lay hedge.
How it works
Inputs
- Free bet value
- Back odds
- Lay odds
- Lay commission (%)
Results
- Optimal lay stake
- Expected profit
- Conversion rate (%)
When to use
Use when you receive promotional free bets from bookmakers that need to be converted to cash.
Example
$50 free bet on Liverpool to win at 3.00 odds, lay at 3.10 odds — typically 70-85% conversion.
Frequently Asked Questions
How do I convert a bonus bet to cash in Australia?
Place your free bet on a selection with high odds at a bookmaker (e.g. Sportsbet), then lay the same selection at Betfair Exchange. This calculator tells you the exact lay stake to guarantee profit regardless of the result.
What conversion rate should I expect?
Typically 70-85% depending on the odds and market. Higher back odds with close lay odds give better conversions. A $50 free bet usually converts to $35-$42 cash.
What does SNR mean?
SNR stands for Stake Not Returned. Most Australian free bets are SNR — if you win, you get the profit but not the original stake. This calculator accounts for this.
Need live odds data?
HyperOdds automatically finds the best odds across all major Australian bookmakers in real-time.