Bonus Bet Conversion Calculator
Convert free bets and bonus bets into guaranteed cash profit by calculating the optimal hedge amount.
Inputs
$
Results
Hedge Bet Amount $220.00
Guaranteed Profit +$80.00
Conversion Rate 80.0%
If Bonus Bet Wins
Bonus Payout +$300.00
Hedge Loss -$220.00
Net Profit +$80.00
If Hedge Bet Wins
Bonus Loss $0.00
Hedge Payout +$300.00
Net Profit +$80.00
How It Works
A bonus bet (free play) does not return the stake if it wins — you only receive the profit. By hedging the opposite outcome at another sportsbook, you can lock in a guaranteed cash profit regardless of the result.
Bonus Payout = Free Play × (Decimal Odds − 1)
Hedge Bet = Bonus Payout / Decimal Hedge Odds
Guaranteed Profit = Bonus Payout − Hedge Bet
Higher free play odds yield better conversion rates. Aim for free play odds of +300 or higher for conversions above 60%. The conversion rate tells you what percentage of the free bet value you keep as real cash.
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