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Bonus Bet / Bet Credit Conversion Calculator
Compare SNR and stake-returned bonus bets, check minimum qualifying odds, add opposing hedge odds and see how much of the promotional face value converts into modeled cash.
How it works & examplesUnderstand the calculation
How bonus-bet conversion is calculated
For SNR, a winning bonus bet returns only the profit: B × (O_b − 1). For stake-returned credit, the modeled winning cash payout is B × O_b.
To hedge a stake-not-returned bonus against a market price, calculate the second leg in Free Bet and Hedge Calculator.
With opposing cash hedge odds O_h, equal-profit hedge stake is winning bonus cash / O_h. The guaranteed modeled cash value is hedge stake × (O_h − 1).
Conversion percentage = guaranteed modeled cash value / bonus face value × 100. A minimum-odds check is shown separately because failing promo eligibility can make the mathematical conversion irrelevant.
Conversion percentage is a cash-equivalent benchmark, not a withdrawal promise. The achievable percentage depends on the price of the bonus-bet selection, the hedge price, whether the stake is returned, market limits and the promotion rules that determine when the credit is valid.
Maths & verification
Calculate hedge stake, guaranteed cash-equivalent value and conversion percentage for stake-not-returned or stake-returned bonus bets.
Try the simulator below. Input values stay in your browser; no account or money is involved.
Model assumptions: No. Virtual games use declared teaching models. Verify any actual operator’s payout rules independently.
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How to use the tool
Convert a bonus bet face value into a comparable cash-equivalent percentage under a two-outcome hedge.
- Enter bonus-bet value and the odds used for the bonus bet.
- Choose stake-not-returned (SNR) or stake-returned, then enter the promotion minimum odds and the opposing cash hedge odds.
- Read the equal-profit hedge stake, guaranteed modeled cash value and conversion percentage of the bonus face value.
Understanding your result
A 100 SNR bonus bet at 3.00 hedged at 1.50 needs 133.33 cash hedge. Either outcome produces about 66.67 modeled cash, a 66.67% conversion. If the same 100 bonus stake were returned on a win, the equal hedge would be 200 and modeled cash 100, a 100% conversion.
Scope and limitations
This assumes a two-outcome market with matching settlement and no exchange commission, tax or void mismatch. Real bonus terms may exclude markets, require minimum odds, restrict bet types, expire, or treat the promotional stake differently.
Before you rely on the result
- How the calculation works
Formulas, assumptions, rounding and model limits are documented on the methodology page.
- Check the current inputs
Use the odds, RTP, fees, bonus terms or other values currently shown by the operator or market.
Bonus bet conversion calculator: SNR, stake returned and hedge value
Bonus bets are not automatically worth their face value. The key distinction is whether the promotional stake is returned when the bonus bet wins.
A hedge lets you translate the promotional payout structure into a comparable cash-equivalent value and conversion percentage.
SNR conversion depends strongly on bonus-bet odds
At low bonus-bet odds, the non-returned stake consumes a large part of the headline value. Higher qualifying odds generally improve SNR conversion, though hedge pricing also matters.
Stake returned can approach or exceed face value in a hedge
When the promotional stake is returned as cash on a win, the whole gross payout can be hedged. Depending on price differences, the modeled conversion may approach 100% or differ from it.
Minimum odds are an eligibility constraint
A mathematically attractive hedge is useless if the bonus bet fails the promotion minimum odds or uses an excluded market. The tool therefore shows qualification separately from conversion.
Questions about this calculation
Why is SNR worth less than the same stake-returned bonus?
With SNR the promotional stake is not included in the winning return, so only the profit portion can be hedged into cash.
What does conversion percentage mean?
It is the modeled equalized cash outcome divided by the face value of the bonus bet, not a guarantee that an operator will let you withdraw that percentage.
When is Bonus Bet / Bet Credit Conversion Calculator the right tool?
Convert a bonus bet face value into a comparable cash-equivalent percentage under a two-outcome hedge.
How should I read the result from Bonus Bet / Bet Credit Conversion Calculator?
A 100 SNR bonus bet at 3.00 hedged at 1.50 needs 133.33 cash hedge. Either outcome produces about 66.67 modeled cash, a 66.67% conversion. If the same 100 bonus stake were returned on a win, the equal hedge would be 200 and modeled cash 100, a 100% conversion.
What can Bonus Bet / Bet Credit Conversion Calculator not tell me?
This assumes a two-outcome market with matching settlement and no exchange commission, tax or void mismatch. Real bonus terms may exclude markets, require minimum odds, restrict bet types, expire, or treat the promotional stake differently.