Betting maths and calculators

What is the difference between a free bet and free cash?

Direct answer

A free-bet or bonus-bet token is usually restricted promotional credit; at Sportsbet, winnings from a winning Bonus Bet exclude the initial bonus stake. Withdrawable cash is different and follows the account terms.

How to use this answer

The principle is supported by the referenced rules, but a different operator or market can apply a different settlement condition. Treat the named provider as a specific example, not as a universal betting rule.

Use the precise stake, decimal odds, market terms and outcome probabilities when calculating the result. Expected value measures an average over hypothetical repetitions, not a guaranteed profit.

Reference: Relevant published rule / primary source ↗