Welcome to the Bonus Bet calculator website. We have built all the tools you need to make your sports betting (and specifically getting the most out of your bonus bets) experience better! Below we have a bonus bet calculator and also some more information about bonus bets in general.
How does the bonus bet calculator work?
Our bonus bet calculator allows you to enter your bonus bet amount, the odds of the bet you are getting on with the bonus bet as well as the odds and stake of a normal bet. We will then calculate your return for you based on if the bonus bet wins, or if the normal bet wins.
What is Bonus Bet?
A bonus bet, or bonus credit, may be given out by a Sportsbook to a bettor due to a promotion they are running, for winning a prize or for some other special offer. Bonus bets are essentially a free crack at a bet. If your bet wins, you would receive payout based on [(Odds x Bonus Bet Amount) - Bonus Bet Amount]. That is, only the profit from a Bonus Bet is returned to your betting account, the original stake is retained by the Sportsbook.
What is a bonus bet example?
If you place a $100 bonus bet on the LA Lakers who are $1.90 and they win, you will receive $90 in your account (rather than $190).
Using another example, if you placed the same bet on the LA Lakers with your $100 bonus bet at $1.90 (as per above), then place $100 (of your cash) on their opponent (let's say the Miami Heat) who might be $1.90 as well this is what happens:
If the LA Lakers win, your bonus bet wins but your cash bet loses, so you lose $10 overall (+$90 from the bonus bet winnings but -$100 in cash).
If the Miami Heat win, your bonus bet loses but your cash bet wins, then you make $90 cash but lose your $100 bonus bet.
This example demonstrates that you can convert your bonus bet into real cash, but there is some small risk and highlights that bonus bets aren't a straight cash conversion (given the sportsbook doesn't give you the value of the bonus bet as winnings).
To see how to get the most out of sportsbook boosted odds, see our website betting specials.