Bonus Bet Conversion Calculator OddsJam

Use OddsJam’s Bonus Bet to determine the size of the hedge bet you would need to make to lock in a guaranteed profit - converting your bonus bet to cash.
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A bonus bet calculator or bonus bet conversion calculator, determines the rate at which you can turn a bonus bet into cash. As part of many promotions and sign-up bonuses, US and Canadian sportsbooks offer “bonus bets”. Bonus bets are different from cash because, if your wager wins, you do not get back your initial stake. Learn more about Bonus Bets in this article, What is a Bonus Bet? Learning how to use a bonus bet calculator will enable you to convert your bonus bets into cash at the highest possible rate. As an example, imagine you have a $100 bonus bet on BetMGM. On the Promo Converter you see an opportunity on the Over/Under 50.5 in the New England Patriots vs Jacksonville Jaguars. If you place that $100 bonus bet on the Over 50.5 at +300 odds you could use this calculator to calculate the size of the hedge bet to make at a different sportsbook. In this case, you would need to place a $220 bet on the Under 50.5 at -275. No matter the outcome you would net $80 (Bonus bet wins = $300 minus $220 hedge bet = $80, hedge bet winds = $80). Most sports bettors aim to get bonus bet conversion percentages over 70%. This means that for a $100 bonus bet, you will be able to earn $70. Inputs Bonus Bet Size: The bonus bet size in dollars Bonus Bet Line: The line at which the bonus is bet (US or decimal) Hedge Line: The line at which the bonus is hedged Outputs Hedge Bet: The dollar amount wagered on the hedge to extract value $ Profit: The profit in real dollars obtained from the bonus bet and hedge % Profit: Dollar profit as percent of bonus notional size.
FAQ
Is Online Gambling Legal in Canada? 2025 Guide
Online gambling is legal in Canada, regulated primarily at the provincial level since the federal government delegated full authority to provinces in 1985. The Criminal Code of Canada provides a framework stating that gambling must be licensed by provinces or territories to be legal. This means the legal status of online gambling varies by location within Canada. Provincial governments operate or license their own platforms, offering services like casino games, sports betting, and lotteries; examples include PlayNow in British Columbia and Manitoba, PlayAlberta in Alberta, and EspaceJeux in Quebec.
What is a Rake Chase?
What is a Rake Chase? Rake chases are poker promotions which are incentives for players to rake more and reward them generously for that. In contrary to a rake race, you don’t compete against other players , but instead chase your own individual targets. In order to hit the points targets you need to play a certain amount of poker hands or tournaments for real money. As soon as you hit the points requirement, you have secured yourself the amount of money, which was preset for the respective level.
Is Betano in Ontario?
Betano has debuted its operations in the Canadian province of Ontario, marking both the gaming brand’s and its parent company Kaizen Gaming’s first launch in a North American market. The gaming brand will provide over 30 sports and more than 1,000 casino games to players in Ontario as part of its portfolio.29 thg 11, 2022
When and where was the game of roulette first played?
When and where was the game of roulette first played? The game as we know it today first appeared in Paris in 1796, and quickly gained popularity throughout Europe, especially in the casinos of Monte Carlo. The addition of the zero by Francois and Louis Blanc in the mid-19th century helped to increase the house edge and make the game more profitable for casinos.
What type of gambling is legal in Canada?
This does not include private betting between individuals, which is legal as long as it is not involved as a business and is not for-profit. Types of allowed gambling with licences are raffles, pull tickets, lotteries, bingo, slot machines, and certain kinds of sports betting.
Sports Betting Online on Football, Baseball, Basketball, Hockey & Online Casino
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