LESSON 06

Leveraging “Free Bets” When You Register for a Sportsbook

LESSON 06

Video Transcript

You already know that you’re going to need multiple sportsbook accounts to be successful. Although it may sound like a pain to sign-up for numerous sportsbooks, it’s not! Each sportsbook takes 1-2 minutes to sign-up for, and most online sportsbooks offer “sign up bonuses” as a way to incentivize new sports bettors to sign up. Many sign-up bonuses give you “free bets” - these bets are slightly different from cash. OddsJam has a proprietary Free Bet Converter tool to find you the best opportunities for converting your free bet directly into cash. This means more money in your pocket! Pro Tip: Most sports bettors aim for a 70% conversion rate on their free bets. This means that a $100 free bet will turn into $70 of risk-free profit!

DIVE DEEPER

How does the Free Bet Converter Work?

You'd place your free bet on the plus odds side, and then use the calculator to determine how much to hedge it with.

Conversion

80%

Date

Event

Detroit Tigers vs Minnesota Twins

Baseball

Market

Player Home Runs

Victor Reyes Over 0.5

+800
Barstool
BetRivers
TwinSpires

Victor Reyes Under 0.5

-900
DraftKings

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