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

What is the origin of the name Roulette?

What is the origin of the name Roulette? The origin of the name “roulette” is French and it means “little wheel”. The name is derived from the fact that the game is played on a small wheel that spins around, with players betting on where the ball will land. The word “roulette” was first used in its current context in the 18th century, although the game itself dates back much earlier.

Betano USA Ban: Can Americans Bet? Shocking Truth!

Hey folks, Betano isn’t available in the USA right now. It’s blocked for US players due to strict state gambling laws, and trying a VPN could get your account banned quick.​ Betano shines in about 12 countries like Canada (hello, Ontario!), Germany, Brazil, and the UK with solid licenses. In North America, it’s Ontario-only—no US states allowed, thanks to federal rules and geo-blocks keeping things tidy.​ No worries though—grab DraftKings, FanDuel, or BetMGM instead.

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.

When and why was the double zero added to the American roulette wheel?

When and why was the double zero added to the American roulette wheel? The double zero was added to the American roulette wheel in the mid-19th century. The exact year is not clear, but it is believed to have been added around the 1860s. The reason for its addition was to increase the house edge, making the game more profitable for the casino. At the time, gambling was not regulated in the United States, and casinos were free to set their own rules and payouts.

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