Bonus Bet Converter
Got a bonus bet or a profit boost? Pick the sportsbook and we'll find the bet and hedge that turn it into the most guaranteed cash.
Bonus Bet Calculator
Already picked a game? Enter both prices to get the exact hedge stake.
How Promo Conversion Works
Worked example: $100 bonus bet
Put the $100 bonus bet on an underdog at +400. If it wins you collect $400 profit (the bonus stake isn't returned).
Hedge the favorite at another book at -450 with $327.27 of cash. If the favorite wins that pays $400 back, a $72.73 profit. If the underdog wins, $400 minus the $327.27 hedge is also $72.73.
Either way you keep $72.73, a 73% conversion of the bonus into cash.
Formula: hedge = bonus × (bonus odds − 1) ÷ hedge odds (decimal). Profit = bonus × (bonus odds − 1) − hedge.
Bonus Bet Converter FAQ
How do you convert a bonus bet into cash?+
Place the bonus bet on one side of a game at the book that gave it to you, then bet the other side with cash at another sportsbook. The hedge is sized so you collect the same amount whichever side wins, which locks in most of the bonus as real money.
What conversion rate should I expect?+
Because a bonus bet’s stake isn’t returned, you keep only the winnings, so most conversions land around 65–80% of the bonus’s face value. Our scanner ranks every option across the books we track so you can take the best one available right now.
Why use long odds for bonus bets?+
A bonus bet only pays the profit, so a +400 underdog returns four times the bonus while a -200 favorite returns half of it. The longer the odds, the less of the bonus is lost to the stake, up to the point where the hedge side gets too expensive. Odds between +250 and +600 usually convert best.
How do profit boosts work here?+
A profit boost increases the winnings on a cash bet, for example +100 boosted 50% pays +150. If the boosted price is better than the best price on the other side elsewhere, hedging locks in a profit. Enter the maximum stake the boost allows and the boost percentage.
Are there any catches?+
Check the promo terms first: minimum odds, eligible markets, expiry dates and whether boosts cap the extra winnings. Make sure both bets settle on the same rules (for example both include overtime), and place the hedge right after the promo bet so the price doesn’t move.
More books, more bonuses
Every new sportsbook account comes with a welcome promo you can convert.
Promo terms vary by sportsbook and state. Odds change constantly, so confirm prices before betting. 21+. Gambling problem? Call 1-800-GAMBLER. Responsible gambling