Dan Bilzerian -- Wins Big in Bomb Case

Dan Bilzerian is the bomb when it comes to plea bargaining, because we've learned he's been cleared of felony bomb-making charges.

TMZ broke the story ... Bilzerian was arrested at LAX in December for allegedly possessing explosives with the intent to make a bomb. He was charged with 2 felonies, including possession of a component of an explosive with the intent to make a bomb.

But the notorious playboy cut a deal, with the help of mega-lawyers David Chesnoff and Richard Schonfeld. The felonies were dismissed and Bilzerian pled no contest to a misdemeanor -- failing to extinguish a fire in the open.

Bilzerian gets no jail time and no firearms restrictions. He had to pay $20K for blowing up his own tractor trailer. The reason he has to pay is because he blew the truck up on public land so the money will be used for cleanup.