This calculator is built for bonus bets where the stake is not returned if the bet wins. It is most useful when the market has exactly two outcomes and no realistic push risk, because pushes depending on the sportsbook are treated the same as a loss.

Enter the odds and stake for the bonus bet. A bonus bet, also known as a free bet, should be placed where the wager can keep the most value after hedging. If you want to improve the target odds by a percentage, click Adjust, enter the boost, and apply it. For example, +220 with a 33% boost becomes about +293. If you already have a stake entered, you can also use Adjust to change the net payout by a dollar amount. For example, -220 with a $100 stake and a $5 payout increase moves to about -198.

Enter the opposing odds you want to hedge with. If the best hedge price only works up to a certain stake and then gets worse, use Add option to include another hedge price tier. That lets the calculator combine multiple hedge levels into one result.

The key number to watch is the bonus bet conversion value. As a rule of thumb, 0.70 is a strong minimum target. A $100 bonus bet valued at 0.70 should usually create about $70 of cash-equivalent value after a good hedge, and better markets can do even more.

After you press Calculate, the results panel shows the total cash stake required, the calculated hedge amount, the guaranteed cash profit, and the bonus-bet value. The profit stays the same no matter which side wins.