Within the world of online sports betting, one thing that has become more and more prevalent since the bookmakers shifted to an online space is promotions and bonuses. These can come in a whole array of different forms, which may be confusing if you are relatively new to sports betting as a whole. However, this is where the bonus lock in calculator can come into play. To understand how this could be used and all the benefits the bonus lock in calculator can present, all of this will be detailed in the following sections.

What Is Bonus Lock In Calculator

Put in the simplest of terms possible, a bonus lock in calculator is a specialist tool predominantly used in matched betting used to get the most out of free bets, bonuses and promotions offered by bookmakers. The calculator as a whole is designed in order to capitalise on bonuses that may be added on top of winning bets. For example, this could refer to odds boosts, in which the difference between the original and boosted odds is paid in free bets.

How To Use A Bonus Lock In Calculator

Specifically at OddsMonkey, the bonuses that apply to the bonus lock in calculator currently fall under 3 categories. These are:

• 'Extra winnings paid as cash’

• ‘Extra winnings paid as a free bet’

• ‘Price boost with the difference paid in free bets’

Upon selecting one of these, which applies to the bookmaker bonus you are receiving, you are then prompted to put some additional pieces of information into the bonus lock in calculator. These are the ‘Stake Limit’ and ‘Bonus Cap’ boxes, in which you can input the relevant information.

From here, the bonus lock in calculator presents another input prompt relating to the actual value of the bonus. This is, again, split into two different options, referred to as ‘Fixed Value’ and ‘Percentage Value’.

After one of these options has been selected, the calculator will allow you to put in a value amount that relates to this former piece of information. This allows the bonus lock in calculator to work out the percentage of the free bets you will retain, as well as the back and lay odds of your selections. If there is any commission that applies to this, you can also put that percentage into the bonus lock in calculator and from here, all the potential returns will be calculated and presented clearly, showing how much profit could potentially be secured.

Why Use A Bonus Lock In Bet Calculator

The benefits of using the bonus lock in calculator are shared across many other betting calculators out there. One of the main things the bonus lock in calculator can offer is its immense time-saving capabilities. As none of the calculations must be done manually, this streamlines the experience thanks to the efficiency. 

Using the bonus lock in calculator also ensures that your calculations are 100% accurate based on the input information, making human error during the calculations absent. Taking all of this into consideration, this can allow you to feel more informed in reference to your selections, not to mention the bonus lock in calculator also allowing you to take advantage of bookmaker bonuses.

Who Can Use The Bonus Lock In Bet Calculator?

Now that you are familiar with all of the benefits and unique features a bonus lock in calculator can present, you may actually be wondering who exactly can use this bonus lock in calculator. The simple answer to this is anyone who is involved or interested in the world of matched betting or sports betting.

As casino and bookmaker bonuses come in a whole plethora of different forms, it does not apply to any specific sporting market or bookmaker. The bonus lock in calculator accommodates all of the offers where extra winnings are paid as cash or a free bet should the bet come in. Regardless if you prefer football matched betting or horse racing matched betting, the bonus lock in calculator can be used to capitalise on any relevant bonus offers or promotions you may receive fully!

More Betting Calculators At OddsMonkey

Here at OddsMonkey, it is not just the bonus lock in calculator we have on site, with there being a whole host of different betting calculators and tools on site. Should you need to utilise multi-selection bets, then the accumulator betting calculator could be the ideal option for you. Alternatively, if you simply want to change one betting format to another you are more familiar with; then the odds converter tool can easily and efficiently do this for you.