Free/Bonus Bet Calculator
Turn free or bonus bets into cash using hedging strategies
The free/bonus bet conversion calculator helps you maximize the value of promotional bets. Since free bets do not return the stake amount, this calculator determines the optimal hedge size to minimize risk while locking in as much profit as possible.
It is ideal for turning sportsbook bonuses into real cash instead of risking the bonus on a single outcome. By inputting your bonus amount, bonus odds, and hedge odds, you can quickly see the hedge bet size and your guaranteed conversion rate, ensuring efficient use of promotions. For best results, aim for bonus bet odds of at least +500, with the hedge side having a similar magnitude but in the negative range. As a rule of thumb, you want to aim for >75% conversion rate.