Bonus Turnover
Bonus Turnover Software
Bookies hand out bonus bets daily. BookieCharity’s bonus turnover software helps you to convert these bonus bets into withdrawable cash.
The short version
What is bonus turnover?
Bookmakers hand out bonus bets for signing up, racing promotions and more. A bonus bet is not cash and you cannot withdraw it. The bonus has to be turned over on a bet first.
Bonus bets pay out stake not returned, so a $50 bonus at 5.50 returns $225 rather than $275. Risk that bonus on a random multi or a horse and you keep very little of it. Our bonus turnover software turns it into withdrawable cash instead, by hedging the bonus bet against another bookmaker with no risk involved.
How much of the bonus you keep is the retention rate. Anything above 70% is worth taking, and the software shows hundreds of turnover opportunities above that.
Worked example
A $50 bonus, $46.43 in cash
In the NRL match between Melbourne Storm and Gold Coast Titans, TAB is offering 5.50 on over 58.5 points and bet365 is offering 1.26 on under 58.5 points. Put the $50 bonus bet on the over at TAB, then stake $178.57 on the under at bet365.
The match goes over 58.5 points
The TAB bonus pays $225.00, the bet365 stake is lost
The match goes under 58.5 points
bet365 returns $225.00, the bonus bet loses
Either way, $46.43 of the $50 bonus ends up as cash you can withdraw. That is a retention rate of 92.86%.
Expanding the row opens the calculator, where you can set your bonus amount, adjust either price if it moves, and find direct links to both bookmakers.
Melbourne Storm vs Gold Coast Titans
Over 58.5 Points
Under 58.5 PointsBonus bet
$50
Cash either way
$46.43
How it works
How the highest retention bonuses are found
The process is similar to arbitrage, however we must account for the bonus bet which is stake not returned (SNR).
Scan every bookmaker
Prices for every outcome of every market are pulled from more than 100 bookmakers at once, continuously.
Pair both sides of a market
The price at the bookmaker holding your bonus is matched against the opposing outcome at every other bookmaker.
Account for stake not returned
A bonus bet at 5.50 pays 4.50 times the stake, not 5.50, so the hedge is sized against what the bonus actually returns rather than the full price.
Rank by retention
What survives the hedge is measured against the bonus amount, and the pairs that keep the most go to the top with both bookmakers one click away.
Inside the tool
Both bets, sized and ready
Every turnover arrives as a single row showing the bonus leg, the hedge leg, the exact stake for each and what you keep. High retention opportunities disappear quickly, so the maths is already done when it reaches you.
What each column tells you
- Sport
- The league the opportunity belongs to
- Match
- Teams or players, with the start time in your local timezone
- Market
- The betting market type
- Outcomes
- Both sides of the turnover, the bonus leg and the hedge leg, each with its bookmaker, odds and a direct link
- Stakes
- Your bonus amount, and what to stake at the hedge bookmaker
- Retention%
- How much of the bonus you keep once both bets are on
- Profit
- The same figure in dollars, so you know what lands in your account
- Info
- The calculator: adjust either price and see both scenarios update
Turning a bonus over takes seconds
- 1Set the bookmaker holding your bonus and the amount it is for
- 2Click each bookmaker’s logo to open both match pages
- 3Load the bonus bet on one slip and the hedge stake on the other, but confirm neither yet
- 4Check the odds still match the software, then place both back to back
If a price moves before you have placed either bet, open the calculator in the expanded row and enter the new odds. If the retention is still above 70%, take it. If not, move on.
Filters
Only see the turnovers you can actually place
Seven filters decide what reaches your screen. Save a set as your default and it loads automatically every time you open the tool.
Sport
Choose which sports appear. We recommend leaving them all on.
Bonus Bookmaker
Which bookmaker is holding the bonus bet you need to turn over.
Hedge Bookmaker
Which bookmakers to hedge at. Choose the ones you actually hold accounts with, because a turnover is no use if you can only place one side of it.
Bonus Amount
What the bonus bet is worth, so every stake and return on screen is sized to it.
Retention%
The minimum you are willing to keep. We recommend setting the floor at 70% and taking anything above it.
Odds
Set the odds range that you prefer.
Starts in
Limit how far ahead events can be. Close to the jump is best, ideally within a few hours.
Which method
Three ways to turn over a bonus bet
Bonus bets can be turned over against an exchange, against another bookmaker, or on the horses. This page is the second one, because that is what the bonus turnover software does.
Betfair exchange
- Profit locked in, no variance
- Manual to find, time consuming
- Ties up cash as liability
Good for Turning over a bonus without relying on a second bookmaker.
Read the guideBookmaker hedge
- Profit locked in, no variance
- Faster than Betfair, opportunities already found for you
- Ties up cash at a second bookmaker
Good for Guaranteed turnovers with minimal time spent.
Horse racing bot
- Fastest and easiest, one bet and no hedge
- Bookmakers like racing bets, which helps account sustainability
- Extremely high variance
Good for Those who can handle the swings and are short on time.
See the racing botFAQ
Bonus turnover FAQ
What does turning over a bonus bet mean?
A bonus bet cannot be withdrawn. It has to be placed on a bet first, and only what that bet returns is real money. Turning a bonus over simply means converting it into withdrawable cash.
What you end up with depends on how you go about it. Put the bonus on a random multi and most of the time you keep nothing. Turn it over against another bookmaker, against Betfair, or on a calculated racing selection, and you will retain the majority of the bonus value. This page covers the bookmaker hedge method.
How much of a bonus bet can I keep?
The amount you keep is called the retention rate. Anything above 70% is worth taking, however it is very easy to achieve much higher with our tools.
The example on this page keeps 92.86% of a $50 bonus, which is a very good turnover. The software surfaces hundreds of opportunities above the 70% mark every day.
Is bonus turnover risk free?
Once both bets are on at the prices shown, no matter the outcome, your retention % is locked in.
There are minor risks, the same ones arbitrage carries. The odds can shift after one bet is placed, or a bookmaker can void a selection. Both rarely occur.
Do I need a Betfair account?
Not for this method. The bonus turnover software hedges at a second bookmaker, so all you need is accounts at the bookmakers you want to hedge with.
Turning over a bonus bet using Betfair is a separate method.
Included in Promo Premium
Start turning bonus bets into cash
The bonus turnover software comes with the horse racing bot, odds comparison, the bet tracker, education modules and premium Discord access.
$19.99/week or $64.99/month