The Main Offer Types
Bonus bets ('Bet $5 Get $150') return winnings but not the stake — a $150 bonus bet at +100 pays $150, not $300, making its cash value roughly 50-70% of face. Deposit matches multiply your deposit but lock it behind rollover. No-sweat/first-bet-insurance offers refund losses as bonus bets, worth around 70% of the refund's face value.
Reading the Terms That Matter
Three numbers decide an offer's worth: rollover multiplier (bet-through requirement before withdrawal), minimum odds on qualifying wagers, and expiry. A '$1,000 bonus' with 10x rollover at -200 minimum odds is worth far less than a clean $150 in bonus bets with 1x.
Extracting Maximum Value
Convert bonus bets on longshots (+300 to +500): expected cash conversion rises because the stake-not-returned penalty shrinks relative to the payout. Hedging a bonus bet across another book locks in 60-75% of face value risk-free — the standard technique behind profitable signup sequences.