How to convert bonus bets to cash
Bet the bonus at long odds at the book that gave it to you, and bet cash on the other side at another book. Sized right, both outcomes pay the same, and you keep most of the bonus as real money.
Step by step
- Find a two-sided market with long odds, usually +250 to +500: an underdog moneyline, or a big spread.
- Find the other side's best price at another book where you have an account, in the same currency.
- Compute the hedge: bonus × (bonus odds − 1) / hedge decimal odds. The bonus bet converter does this.
- Place the hedge first if its price is the one more likely to move, then the bonus.
Example
A $100 bonus at +300 can win $300. The other side is -360 elsewhere. Hedge $234.78 in cash. Either way you finish $65.22 up: a 65% conversion.
What lowers the conversion
- Short odds: a bonus at -150 can win only $66.67, so it can never convert above that.
- Wide markets: player props and live bets often have margins of 8% or more.
- Minimum-odds rules that force a market you'd rather not use.
Deposit-match and "bet and get" offers
A qualifying bet you must place in cash to earn a bonus can be hedged too, at a small loss, so the offer as a whole is profitable. The promo converter on the board handles bonus bets, profit boosts and qualifying bets.
Questions
Can you withdraw a bonus bet?
No, bonus bets usually can't be withdrawn directly. Converting them with a hedge turns their value into cash winnings that can be.
What odds should I use a bonus bet on?
Long odds, typically +250 to +500, on a market where the other side is available at a fair price at another book.
Is converting bonus bets allowed?
Placing bets at two different books is normal betting. Each book's promotion terms still apply, such as minimum odds and expiry, so read them first.
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Updated 2026-10-26