Site Credit Calculator

1. Pick Strategy: Matched (lock in profit) or EV (chase value). Site credit typically returns only winnings on a successful bet, like a bonus bet, unless your sportsbook explicitly says otherwise.
2. Enter Site Credit amount and odds. Use the odds the sportsbook is offering on the bet you plan to place with the site credit.
3. Matched mode: Add hedge legs for every other outcome and pick a Target Outcome. Read Guaranteed Profit and Return %.
4. EV mode: Enter Fair Odds and Bankroll. Read EV $, EV %, and Kelly Stake to size the play correctly.

What is a site credit calculator?

A site credit calculator converts a sportsbook's site credit into withdrawable cash by sizing the hedge bets needed on other sportsbooks. The output is the hedge stakes, the locked-in cash regardless of outcome, and the conversion rate as a percentage of the site credit value.

Site credit is one of two main refund types used in sportsbook promotions. The other is the bonus bet. The distinction matters because the math is different. Bonus bets only return the winnings on a successful bet; site credit at many sportsbooks behaves the same way, but some books treat site credit like cash and return both the stake and the winnings. Always check the sportsbook's terms before converting.

Two strategies for using site credit

Matched strategy: place the site credit bet on one outcome and hedge on others to lock in a predetermined return regardless of which side wins.

EV strategy: place the site credit bet on a positive expected value market without hedging. This trades certainty for higher expected value when the underlying bet is mispriced.

Worked example (matched strategy, bonus-bet-style site credit)

A bettor has $100 in site credit and applies it to a +250 line (decimal 3.50). If site credit returns only winnings: potential winnings = $100 × 2.5 = $250. Hedge on the opposing side at +180 (decimal 2.80): hedge stake = $250 / 2.80 = $89.29. If the site credit side wins, net is $250 - $89.29 = $160.71. If the hedge side wins, net is $89.29 × 1.80 = $160.71. Conversion: $160.71 / $100 = 160.71% — but remember the $100 was site credit not cash, so the cash return on a $89.29 cash outlay is $160.71, a $71.42 net cash gain.

Why site credit matters for matched bettors

Site credit is the most common refund type in second chance bet promotions and a frequent component of signup offers. When the sportsbook treats site credit as cash-equivalent (stake returned on a win), conversion rates can reach 90% or higher. When site credit behaves like a bonus bet (winnings only), conversion rates land in the 65% to 80% range.

The DarkHorse Odds Second Chance Bet Finder identifies the best available conversions for any active site credit promotion. Use this calculator to verify individual opportunities or to understand the math when the terms are ambiguous.

For the full strategy walkthrough, read Second Chance Bet: Site Credit Refund. The closely related Bonus Bet Calculator handles the variant where the refund returns only winnings.

Common site credit conversion mistakes

• Assuming the wrong refund type. Site credit behaves differently at different sportsbooks. Some return stake on a win, some don't. Read the terms before sizing the hedge.
• Choosing odds that are too short. Site credit converts best at plus money (+) odds. Going below even money sacrifices most of the conversion value.
• Forgetting expiration windows. Site credit often expires within 7 to 30 days of issue. Plan the conversion before the deadline.
• Confusing site credit with cash balance. Site credit usually cannot be withdrawn directly. It must be wagered first, then any winnings can be withdrawn.