Bonus Bet Converter
Extract Maximum Value from Free Bets
Bonus bets and free bets are promotional offers from sportsbooks, but most bettors don't realize they're worth less than their face value. Unlike cash wagers, free bets don't return the stake - only the profit. Our bonus bet converter calculates the true value and shows you optimal strategies to maximize your return.
The key to maximizing free bet value is to place them on longer odds (underdogs) rather than favorites. You can also hedge free bets with cash wagers on the opposite side to guarantee a profit. Whether you're clearing a welcome bonus or using a weekly promotion, this tool ensures you extract every dollar of value.
How to Use the Bonus Bet Converter
What is a Bonus Bet? A bonus bet is different from cash because when your wager wins, you do not get back your initial stake—only the profit. This makes converting them to cash strategically important.
How to Convert: To guarantee profit, place your bonus bet on one outcome and hedge it by betting real cash on the opposite outcome at another sportsbook. This calculator determines the exact hedge amount needed.
Target: Most bettors aim for 70%+ conversion rates. Higher odds on the bonus bet side typically yield better conversion percentages.