Calculators
Bonus Bet Conversion Calculator
Hedge Bet
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$ Profit
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% Profit
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Bonus Bet Conversion Calculator
Bonus Bet Conversion Calculator
Turn a sportsbook bonus or free bet into cash by hedging both sides of a market. It's important to note unlike a regular bet, bonus bets don't return the stake on a win — only the profit portion pays out.
Enter your bonus bet amount, bonus bet odds and hedge odds and the calculator will determine the optimal hedge wager amount to convert your bonus bet to real cash. Visit the Promo Converter page, enter your bonus bet amount and sportsbook to see the most optimal conversion strategies.
Example: $100 bonus bet at +300 odds, hedged at -330. If the bonus bet wins, you collect $300 in profit (no stake return). The optimal hedge wager is $230.23. If the bonus wins, you net $300 - $230.23 = $69.77. If the hedge wins, you net $230.23 × (100/330) = $69.77. Either way you lock in ~$69.77 in profit — a 69.77% conversion rate on your $100 bonus.