No-Sweat Bet Calculator

A no-sweat (insured) first bet is played with your own money: if it loses, the book refunds the stake — but as a bonus bet, not cash. Since a bonus bet is only worth a fraction of its face value once you convert it, the right way to play the promo is to hedge the first bet at another book and count the refund at its expected conversion rate.

Enter your stake, both prices, and what you expect to convert the refund at — 65% is a sensible default if you'll hedge the refunded bonus bet too. The calculator solves the hedge stake that makes both outcomes pay the same, then shows your profit whether the first bet wins or loses. Longer odds on the insured side leave more refund value on the table when they win, so the sweet spot is usually moderate underdog prices.