Bonus Bet Calculator
Convert bonus bets into real cash by hedging across one or two outcomes. Supports 2-way and 3-way markets.
Welcome to WagerWise’s free bonus bet calculator — the fastest way to turn promotional bets into real profit. Whether you’re using a $50 bonus from a new bookmaker or trying to convert multiple promos, this tool shows you exactly how much to stake and what your guaranteed payout will be. Designed for both beginners and advanced bettors, our calculator is the perfect companion for maximizing retention.
A bonus bet (also called a free bet, bet credit, or token) is a non-withdrawable promotional amount bookmakers offer to encourage new sign-ups or reward loyalty. While you can’t cash out a bonus bet directly, you can use a bonus bet conversion calculator to hedge it and walk away with real, withdrawable money.
When using a bonus bet, you only keep the winnings (not the stake). This means blindly placing it on any outcome may lead to poor value or even no profit. Our bonus bet hedge calculator helps you:
- Hedge with one or two other outcomes
- Calculate exact hedge stakes for risk-free profit
- See potential payouts for all outcomes
- Get your bonus bet retention percentage
This makes it ideal for matched betting and advantage play.
Using this calculator is simple:
- 1. Choose your odds format: Decimal, American, or Fractional
- 2. Enter the odds where you’ll place your bonus bet
- 3. Enter the odds for your hedge outcome(s)
- 4. nput the bonus amount (e.g., 50)
- 5. Click Calculate
The calculator will display the required stakes, your guaranteed profit, and retention. You can then place your hedge bets accordingly.
Bonus bet retention is the percentage of your bonus value that you keep as real money after hedging. For example, if you have a $50 bonus and your calculator result shows $38 profit, your retention is 76%. Higher retention means better value.
Whether you’re placing a bonus bet on a win-draw-loss market (3-way) or a simple two-outcome market, this bonus bet arbitrage c alculator allows you to enter up to two hedge lines. This flexibility ensures you can fully cover multi-outcome events like soccer, basketball, or MMA — locking in profit no matter what.
Sign-up offers from bookmakers are one of the easiest ways to make risk-free profit. Use this matched bonus bet calculator to convert your sign-up bonus into cash. Combined with our step-by-step guide, you’ll be on your way to $200+ profit in your first week.
- Q: Is this calculator free to use?
A: Yes — 100% free, no account required. - Q: Can I use this for multi bets or accumulators?
A: This calculator is designed for single outcomes. For multi bets, hedge individually or wait for our multi-bet calculator (coming soon). - Q: What’s the best way to find high retention bets?
A: Use an odds comparison tool like ours, where we show top-value bets to convert bonuses quickly. - Q: What’s a good retention percentage?
A: Anything above 70% is solid. 80–90%+ is considered elite.
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Want more calculators? Try our arbitrage calculator or EV calculator — perfect for sharp bettors and those scaling matched betting as a side hustle.
These tools are built to give you an edge. Start using them today.
Don’t let bonus bets expire or go to waste. Use the WagerWise bonus bet conversion calculator to turn them into tax-free cash. Thousands of users are already profiting — why not you?
👉 Create your free account or go back to the Bonus Bet Converter to browse today’s best conversion bets.