BetBot Learn / Bonus bets and promos / 4 min read

Turning bonus bets into cash

A bonus bet only pays the winnings, never the stake. That one rule decides how to use it: bet it on a long shot and hedge the other side with cash.

Why long odds

A $50 bonus bet at -110 wins about $45. The same bonus at +300 wins $150. Since you never get the stake back, longer odds keep more of the value.

Step by step

  1. Find a game where the underdog is +250 to +400 at your bonus book.
  2. Find the best price on the other side at another book.
  3. Bet the bonus on the underdog.
  4. Bet cash on the favorite, sized with the calculator below so both outcomes pay about the same.

Done well, you keep about 60 to 75% of the bonus as cash whichever side wins.

Let us find the spot

The bonus bet finder searches every book you have for the pair that keeps the most cash. Tell it the book and the amount.

Try it

07Bonus bets

Bonus bet converter

A bonus bet only pays the winnings. Hedge the other side with cash to lock in part of it.

Want us to find the best spot for it? Open the bonus bet finder.

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