Bonus Bet Converter

Convert bonus/free bets to guaranteed cash using optimal hedge calculations for stake-not-returned offers.

Calculators

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How To Use the Bonus Bet Converter

Convert bonus bets (free bets) into real cash by placing a bonus bet on one side and a hedge bet on the opposite side. Wager Sharp's Bonus Bet Converter Calculator is built to quickly help you estimate your hedge size, profit outcomes, and conversion rate.

What makes Wager Sharp different from the average bonus bet calculator is profit control. Most converters assume you want the exact same profit no matter which side wins. In reality, you may prefer a probability-weighted profit split, especially when one outcome is far more likely.

Profit Distribution Bias (Probability-Weighted Profit)

Let's say you found an event to convert a $1,000 bonus bet at +300, with a hedge at -300. The implied probabilities are 25% and 75%.

If you'd rather win more on the side that's more likely to hit, the Profit Distribution Bias lets you adjust your profit target by outcome. That way, you can keep both outcomes profitable while biasing more profit toward the higher-probability result.

Round Bets to Common Stake Sizes

Adjusting your hedge size can also help you land on clean, common wager amounts. Many bettors prefer this over unusually specific stakes because it can look more natural and be easier to manage.

Use the slider to experiment with hedge sizing until you find a profit split that matches your preference, then round to a comfortable stake amount before placing your wagers.