Calculators
Free Bet Calculator: What a Free Bet Is Really Worth
A ₦1,000 free bet is not worth ₦1,000. Enter the free bet amount, the odds and whether the stake is returned to see what it pays if it wins and what it is worth on average.
Stake Returned or Not?
Most Nigerian free bets are "stake not returned" (SNR): you receive only the winnings. A ₦1,000 SNR free bet at 3.00 pays ₦2,000. A "stake returned" free bet at the same odds pays ₦3,000.
The Average Value of a Free Bet
The average value is what the free bet pays multiplied by the chance of winning. At fair odds of 3.00 the chance is about 33%, so a ₦1,000 SNR free bet is worth about ₦667 on average.
| Odds | Return if it wins (SNR) | Average value |
|---|---|---|
| 1.50 | ₦500 | ₦333 |
| 3.00 | ₦2,000 | ₦667 |
| 6.00 | ₦5,000 | ₦833 |
| 10.00 | ₦9,000 | ₦900 |
The higher the odds, the closer a free bet gets to its face value. That is why free bets on short favourites waste most of their worth.
Free Bet Calculator FAQ
What odds should I use a free bet on?
Odds of 3.00 or more usually give the best value from a stake-not-returned free bet.
Why is the average value lower than the free bet?
Because you do not get the stake back, and the bet only pays if it wins.
Where can I get free bets?
See our list of free bets in Nigeria.