On the left hand side, enter the odds for your "No Sweat Bet" (which sportsbooks call risk free, though these bets are not actually risk free) and the promotion amount. On the right side, enter the odds for the hedge stake and the calculator will provide the recommended amount to stake on the hedge. Actual conversion rates vary based on the odds available, sportsbook terms, and user error.
Total Stake
$165
Total Payout
$200
Total Profit
$35 / 21.2%
Conversion %
35%
Sportsbooks call these “no sweat bet” promotions or “bet insurance” — they refund your stake as a “free bet” if your first wager loses. Despite the name, these bets are not actually risk free. You place a wager with your own money, and if it loses, you receive a “free bet” credit equal to a portion of your loss. This calculator helps you estimate a hedge bet to work toward converting the promotion.
The key difference is that a “no sweat bet” uses your real money first. If you win, you keep the full payout. If you lose, you get a “free bet” credit back. This two-step process uses a different hedging approach than a standard “free bet,” which is why we have a separate Free Bet Calculator for that scenario.
Conversion math tends to improve when there are higher odds on the promo side and tight lines between sportsbooks. Read our “No Sweat Bet” Conversion Guide for step-by-step instructions on working through these promotions. Outcomes are never guaranteed and depend on the odds available, sportsbook terms, and user error.