---
title: 'How I Made $18,000 From Sportsbook Bonuses (The Math They Hope You Don''t Know)'
source: 'https://youtube.com/watch?v=yof5eDunUnw'
video_id: 'yof5eDunUnw'
date: 2026-07-22
duration_sec: 2448
channel: 'OddsJam Sports Betting Picks'
---

# How I Made $18,000 From Sportsbook Bonuses (The Math They Hope You Don't Know)

> Source: [How I Made $18,000 From Sportsbook Bonuses (The Math They Hope You Don't Know)](https://youtube.com/watch?v=yof5eDunUnw)

## Summary

This video explains how to profit from sportsbook signup bonuses, breaking down five main types of bonuses and providing strategies to convert them into risk-free cash. The creator claims to have made $18,000 by traveling to different states and using these bonuses, and offers a step-by-step guide for viewers to replicate the process.

### Key Points

- **Easiest Money from Signup Offers** [00:01] — Sportsbook signup offers are the easiest way to make money from sports betting, with potential profits of over $18,000 by traveling to different states.
- **Five Main Categories of Bonuses** [01:02] — All signup bonuses fall into five categories: bet and get, deposit matches, insured bets, profit boosts, and cashback. Most are in the first three.
- **Why Bonuses Are Not Scams** [02:09] — Sportsbooks offer bonuses because they make $2,000 per customer per year on average, and 97% of bettors lose money long-term, making the bonuses a profitable investment for them.
- **Bet and Get Bonuses** [03:21] — The most common type, e.g., DraftKings: bet $5, get $300 in bonus bets if your first bet wins. To maximize, bet the first $5 on a heavy favorite, then use bonus bets on underdogs.
- **Deposit Match Bonuses** [04:30] — Books like Prize Picks offer 100% deposit matches up to $100. You deposit, they match, and you must play through the money before withdrawal. Some have rollover requirements.
- **Insured Bets and Profit Boosts** [05:14] — Insured bets (e.g., BetMGM $1,500) refund your first bet in bonus bets if it loses. Profit boosts (e.g., Caesars 100% boost) increase winnings. Both are less common but lucrative.
- **Converting Bonus Bets to Cash** [06:09] — Use a promo converter (like OddsJam) to hedge bonus bets on underdogs, achieving conversion rates over 80%. Example: $300 bonus bet can become $290 cash with a $3,010 hedge.
- **Starting with Deposit Matches** [17:11] — Deposit matches are the simplest to start with. Deposit the full amount to maximize the match, then use low-hold or arbitrage tools to play through rollover requirements without loss.
- **Cashback Signup Bonuses** [24:54] — Example: Profitex offers 2% cashback up to $300 for 30 days. To earn, bet $15,000 total. Use low-hold or arbitrage bets to play through without risk.
- **Insured Bet Strategy** [27:07] — For insured bets, bet on underdogs to maximize value. If the first bet loses, you get bonus bets, which can be converted to cash via hedging. Requires a bankroll for hedging.
- **Best States for Bonuses** [33:51] — New Jersey, Colorado, Indiana, and Virginia have the most sportsbooks with lucrative bonuses. You can travel to these states to take advantage even if you don't live there.
- **Profit Boost Bonuses** [35:50] — Caesars offers a 100% profit boost on first 10 bets up to $25. Use on underdogs with high odds, and hedge with arbitrage to guarantee profit. Example: $25 boost on +450 odds yields $15 guaranteed.

### Conclusion

Sportsbook signup bonuses are a legitimate way to make risk-free profit if you understand the mechanics and use hedging strategies. With a sufficient bankroll and tools like OddsJam, anyone can convert these bonuses into cash.

## Transcript

again. The easiest money you're ever gonna make sports betting is going to come from sportsbook signup offers. Literally, anybody can make an easy $10,000 profit with sportsbook signup bonuses. So, I've made a video before um
kind of breaking down how if you traveled to every single state in the traveled to every single state in the US, you could make over $18,000 in risk-free profit just from sportsbook signup bonuses. But I've been doing a
few videos recently kind of showing myself teaching my sister sports betting. I made her $5,000 off signup bonuses on Maryland sports books and then teaching my friends sports betting. So, Clara, um, I recently, you know,
helped show sports betting and I made her $2,000 profit in a little under two hours. And this is all possible because sports books offer these insanely lucrative signup bonuses to to you when you sign up. So, a few people commented,
"Hey, do you mind doing specific videos on each signup bonus, how to maximize profit?" So, I figured I would do a comprehensive video covering the main types of signup bonuses. At this point, I've used over 100 sports books and
fantasy apps, and all signup bonuses fall into five main categories. Honestly, most of them are in the first three. So, what I'm going to be doing in this video is breaking down all of the types of sports book signup bonuses, how
valuable they are, how to convert them into risk-free profit. That's the purpose of this video. So, if you want to make easy money and you're willing to sign up for a few sports books, you can absolutely do it. And this tutorial
video is going to show you how. So, the first question I get from a lot of people, even just showing my sister sports betting, showing Clara Sports Betting, one of my good friends, is a lot of people just say that's a scam,
right? For example, on DraftKings Sportsbook, their signup bonus promo is you bet $5 and if your first bet wins, they give you $300 in bonus bets. So,
most people, if you don't bet on sports frequently, you just think that's a scam. No, it just doesn't sound real. Sounds fake, but it's not, right? All of these sports books, DraftKings, FanDuel, Prize Picks, Bad MGM, they're all in
ruthless competition for customers. There's hundreds of sports books in the US. So all of these books are marketing trying to appeal to sports betterers, trying to stand out in this very crowded, you know, sportsbook market
with hundreds of operators. That's why all these books run on bonuses. And if you think about it from the sportsbooks perspective, the typical sports book in the US makes $2,000 per customer per year. Again, this is an
average. If you're a sharp, profitable better, this won't be the case. But in general, 97% of sports betterers lose money long term and they lose a lot of money. So for sports books, it's super simple math, right? If we give someone
$300 to sign up and they're going to be losing thousands of dollars each year on average, that's a no-brainer trade for the sports book. That's why books run on signup offers. But anyways, without further ado, let's get into the five
main categories of sportsbook signup bonuses. So, the first category is bet and get. Okay, so that's just like DraftKings sports book. Bet $5 and you DraftKings sports book. Bet $5 and you get 300 if your first bet wins on sports
books. This is the most common type of signup bonus. So, we're definitely going to cover that. That's actually the first type of signup bonus that I'll cover in this tutorial. The second one is deposit matches. So a lot of sports books like
matches. So a lot of sports books like Prize Picks and Rebet have 100% deposit matches up to $100. So in other words, when you first sign up for Rebet state, you put in a h 100red, they'll
match it. You now have $200 in your account, you can't automatically withdraw it. You know, they make you play through the money, but regardless, initial deposit up to some set threshold. Some books like Underdog
Fantasy, they have deposit matches up to $1,000. So depending on the books, some of these, you know, deposit bonuses are lower, some are higher. So we have bet and get deposit matches. The third very common type of bet, they used to
actually be a lot more popular. Now in terms of popularity, they've definitely gone down a bit, but are insured bets. So, Bet MGM, for example, currently their sign up bonus, at least in Virginia, where I'm located, is a $1,500
insured bet. So, what does that mean? Well, you sign up for Bet MGM. If your first bet loses, they give you your money back in bonus bets. So, insurance is obviously a good thing. Usually, when you lose a bet, you just lose your
money. So, in this case, your first bet will be insured. So, it's kind of a way, you know, it's a nice introduction to the sports book. I guess you can say. Then we have profit boost and cash back. Those are the final two main forms of
signup bonuses, although they're much less common. Caesar Sportsbook, for example, currently their signup bonus is bet a dollar and they give you a bunch of 100% profit boosts. So, we can kind of go through that as well um in this
video. Now, something I wanted to mention is with all of these signup bonuses, they're all really lucrative, right? an $100 deposit match. You put in 100, you get 100 for free. It's hard to screw up. However, what I'm going to do
is kind of focus on low risk, such as if you just want to take these signup bonuses, turn them into risk-free cash, and never gamble again, you can going to cover it. And then there's also, you know, the plus EV way,
positive ROI, which will have a bit more variance, but you can also just, you know, bet these promos in an optimal way, and you're not guaranteed a risk-free profit, but you'll get a slightly better projected ROI. So,
without further ado, let's kind of get into the first type of signup bonus, which is a bet and get. So, the most common type of sportsbook signup bonus, you will see these everywhere, are bet and gets. So basically, for example, you
look at Hard Rock Sportsbook. It's super simple. That's a big sports book in the simple. That's a big sports book in the US. Bet $5, you get $150 in bonus bets. It's that simple. I literally just did this signup bonus in the previous video
with Player. Oo, they just give you a bunch of $25 tickets for free. Zoom in on that beautiful thing. It's a bunch of $25 bills for free. Now, on DraftKings and FanDuel, they add in a little complication. So on DraftKings, it's bet
complication. So on DraftKings, it's bet five, get 300 if your first bet wins. So you need your first bet to win. You're not guaranteed to get the bonus bets. So basically, because you need your first bet to win, you want to bet on a favored
outcome, right? If you're betting five and getting 300 in bonus bets, if your first bet wins, you want your first bet to be on a big favorite. You don't want to take a plus 500 underdog. you want to take a minus 500 favorite, a team or a
player prop that's super likely to win. So, for example, a great bonus bet on FanDuel or if you were doing the signup bonus, a good decent play for today may be Jacob Deg Grom, four plus strikeouts at minus 2,000, right? Jacob Deg Grom is
a minus 2,000 favorite. So, you're not going to win a lot of money off the $5. dollar, but that's not the point. You're just looking for a bet that's going to win. and Deg Grom is a 20 to1 favorite minus 2,000 to have four plus
strikeouts. However, one thing I wanted to mention is when the bonus bet when the signup bonus says bet X get X if your first bet wins, you obviously want to bet on a favorite outcome. But you want to make sure to read the fine
print. Okay? You got to make sure you read the fine print. So, for example, on FanDuel, if you read through the fine print, there's no minimum odds requirement, right? If you read through the terms, you could bet on a team, at
least as far as I can tell. I signed up for FanDuel Sportsbook 6 years ago, so you can do your own research, but I read through the terms before this video. You could bet on a minus 5,000 - 10,000 favorite, and that would qualify for the
bet and get. However, on DraftKings, they have a minimum odds requirement of -500. So you can bet on a team that's a really big favorite minus 500 but not an absolutely massive favorite like minus 2,000 minus 5,000. So it is important to
read the fine print. But bet and bets are really simple, right? But one thing I wanted to mention is all of these sports books, right? They're giving you back bonus bets if your first bet wins. So bet five, let's say we bet five, our
first play on DraftKings wins. They're not just giving you $300 cash that you can withdraw. They're giving you $300 in bonus bets. So, you may be wondering, okay, what is a bonus bet? I've never heard that word, and I didn't either
sports books and taking my sports betting seriously. Is a bonus bet is essentially a bet. It's sight credit where you do not get back your stake if your bet wins. So, it is worse than cash. Bonus bets are worse than cash.
cash. Bonus bets are worse than cash. DraftKings giving you $300 in bonus bets does not mean they're giving you $300 in cash. It is very different. So, I'll give you a simple example is let's say we win our first bet on DraftKings. We
have $300 in bonus bets and we bet that $300 on a minus $300 favorite. So, we're $300 on a minus $300 favorite. So, we're betting $300 to profit 100. If you place betting $300 to profit 100. If you place this bonus bet right, $300 to profit 100
and your team wins, you're only getting back the hundred in profit. You're not getting back the stake. You're not getting back the $300. So, you basically just took your $300 bonus bet and turned it into $100 in cash, which isn't good.
And that's why it's important to understand um short betting strategies and how to maximize these signup bonuses. You don't want to take a $300 bonus bet and turn it into $100 cash. That's a horrible conversion rate. You
want to get a higher conversion rate. On the other hand, right, if you bet $300 with cash, let's say you have $300 cash in your DraftKings, you bet on a minus300 favorite. Your bet wins. Now you have $400, right? You get your stake
back, the $300 plus $100 in profit. So for betting with cash, it doesn't matter. Obviously, you just want to ride good bets. But for bonus bets, you do not want to bet them on favorite outcomes. So, it's a little confusing,
right? It's very confusing actually because on DraftKings, when you sign up for your first bet, bet five, get 300, you do want to bet on a favorite. Your first bet with $5 cash, you want to be on a big favorite. But once you get
those bonus bets, you actually want to bet them on underdogs. So, bonus bets can be a little confusing. So, let me kind of show you what you can do with bonus bets, how I use bonus bets, and how to maximize the ROI or profit margin
of a bonus bet. So, the main thing you need to understand about bonus bets is you do not want to bet them on favored outcomes. So, for example, if I have an $100 bonus bet and and and I'm guaranteed to win, let's say I bet on a
team that's a minus500 favorite minus 500. So, I'm betting 100 to win 20 in profit. I'm turning an $100 bonus bet into just $20. And that assumes I'm
guaranteed to win. That's absolutely horrible. You want to bet your bonus horrible. You want to bet your bonus bets on underdog outcomes. So, first, let me show you the higher risk way to use bonus bets. This is typically what I
do whenever I get a bonus bet on FanDuel is all I do is I find plays with value. The odds jam positive EV tool scans you know the hundreds of lines or sorry hundreds of thousands of lines across every sports book to point out value in
finding value is critical. So for example Castianos to record a double that would be a good play to throw a bonus bet on plus 400 odds or the higher
the odds the bigger the underdog. As long as your bets are plus EV that's a better use of a bonus bet. So what you could even potentially do is, you know, you could parlay this. You could parlay Castiano's double with Mookie Bets
double. Two plays that are both plus EV. If both bets in your parlay are plus EV, then your parlay will be plus EV. However, let's say you just want to turn However, let's say you just want to turn your bonus bets into guaranteed cash.
What you can do is you can use the promo converter on Odds Jam, which shows you how you can hedge your bonus bets to just convert them into risk-free cash. So, let's say, for example, on DraftKings Sportsbook, I have a bonus
DraftKings Sportsbook, I have a bonus bet for $300. That's the signup bonus. What you can do is then just hit convert promo. And what I want to mention is it's very easy to, you know, just put in whatever sports books you use onto Odds
Jam. Obviously, if you're just starting out taking advantage of sports book signup offers, you may not have access to all these books. So, you can just all the sports books that are legal
available in Virginia. So, what this promo converter is going to tell you is how to hedge your bonus bet to turn it into risk-free profit. And a conversion into risk-free profit. And a conversion rate of over 80% is considered really
good. So, I'll give you a simple example is what this is telling me is if I wanted to, so let me move myself up a bit here, is if I had a $300 bonus bet on DraftKings, I could just convert it. If I don't want any risk, I don't want
to parlay it. I just want to make risk-free profit. I can convert this risk-free profit. I can convert this $300 bonus bet into a guaranteed profit of $2.86.94 or 290 depending on if Austin Hedges
goes yard or not. So that leads to a conversion rate of approximately 96% which is really good. So, what this tells you to do, you just literally follow the calculator, is it tells you to bet the $300 bonus bet is always
going to be on an underdog outcome. The bigger the underdog, the better, the higher the conversion rate. Is assume you use DraftKings and Novig is you'd put your $300 bonus bet on Austin Hedg's home run. And then on Novig, you would
hedge. So, you can see the bet size here. you would hedge with $3,010 here. you would hedge with $3,010 on Austin Hedges to not go yard on Novig with cash. So, one of the two bets will always win. If Austin Hedges goes yard,
our bonus bet will win. And on DraftKings, we're going to win, you know, if we have a $300 bonus bet, we're going to win 3.3K in profit. We're going to lose our hedge bet of 3010 and we're going to make $290.
That's exactly what the calculator tells you. So, this is how you can hedge a bonus bet to convert it into risk-free profit cash that you can withdraw from your account. So, you could sign up for DraftKings, bet $5, get your $300 in
bonus bets, and never place another bet after converting the bonus bet into profit. So, assume my first bet wins. I only put $5 in DraftKings. My first bet wins. And what I could do is take those $300 bonus bets, hedge it, turn it into
$290, withdraw that money from my account. I flipped $5 into about $300,295 in just, you know, a few minutes of work. Super easy. And then you can never use DraftKings Sportsbook again if
that's what you decide to do. However, you may say, "Look, Alex, realistically, I don't have that much money to hedge, right?" You may say, "Look, I don't have $3,000 to hedge." Well, that's fine. What you can do is just get a lower
conversion rate. So, for example, here's a play where your hedge bet would only need to be $820. Granted, you're getting a lower conversion rate. You're turning your $300 bonus bet into $230 risk-free
profit with this play, which obviously isn't as good, but you need less cash, right? you only have to hedge $820. of play around with this. I mean, let's say you don't even have that much money
um to hedge or you're not. What you can do is, you know, you can continue to kind of find books that fit your bankroll or bet sizes that fit your bankroll. But that's how you can convert a bonus bet into risk-free profit. So,
again, if you want to turn these bonus bets into risk-free cash, you're going to need other sports books to hedge your bets on, right? Like with the promo converter I just showed you on Odds Jam, if you want to take these bonus bets and
convert them at a conversion rate of like 80 90%, you're going to need other books to hedge these bonus bets on. So what I'd recommend starting out with, and the first signup bonuses you should do if you're just getting started with
sports betting is take advantage of deposit matches. Deposit matches are absolutely amazing and they're super simple, right? There are some, you know, strings attached sometimes, but we'll get into that. But in general, it's
pretty simple. So, for example, on Rebet Sportsbook, a book legal everywhere, you put in a 100, they match it. So, you put in 100, you now have $200 in your account. Obviously, for obvious reasons, you know, I recommend put in the full
100. You can't put in $25 with your first deposit cuz that's all they're going to match, right? If you put in 25, they'll match it. you now have $50 in your account, but the deposit bonus was for, you know, $100. So, you were
getting a free $100, but you only made $25. So, ideally, try to do these deposit bonuses for the full amount. But basically, the way it works is you put in 100, they match it on rebet. You now have $200 in your account. All you have
to do is bet through that money, and then you can withdraw it. So, it's super simple. So, what you could do is you could do a bet and get promo on FanDuel. You now have bonus bets. You could throw some money into Rebet, right? It's a
book legal basically everywhere. They're going to give you $100 for free. You could hedge your bonus bets on FanDuel with Rebet and then you have cash in both accounts that you can end up withdrawing. So, sometimes these deposit
matches get a little more complicated. So, I'll give you an example is on some sports books they have roll over requirements, which basically means you have to bet through the money a certain amount of times before you can withdraw
it. So, for example, DraftKings Sportsbook used to have an $1,000 deposit match. So, you put in a,000 bucks, you get a,000 for free, but you had to play through it 20 times. So, that's obviously a lot less appealing
than it if you only have to play through it once. However, I will show you in a second how to take advantage of rollover signup bonuses, how you can maximize it. The second thing I wanted to mention is some books, they're not 100% deposit
match. So, for example, on Novig, which is a new book that launched, it's available in basically every state. They have 10% off your first deposit up to
have 10% off your first deposit up to $100. So basically, if you put $900 into your account, they're going to give you $100 for free. So if you're trying to deposit $1,000, they're going to take 10% off. You only have to deposit 900.
They'll give you the last 100 for free. And again, all of these deposit bonuses are capped. It's not like you can get a $250,000 signup bonus where you deposit $250, get $ 250, right? Most of these are $100, $200, some at $1,000. But
that's basically how deposit bonuses work. I mean, they're super simple, but let me show you how to take advantage of, you know, these deposit matches, especially if there is a rollover requirement. So, let's go through an
example of how to play through a lot of money for a rollover bonus. Again, DraftKings switched up their sign up bonus. Now, it's this bet five, get 300. And bonus bets have no rollover requirement. The second you convert them
However, when I signed up for DraftKings, they had like an $1,000 deposit match, but you know, you had to play through a bunch of money. So, the question is, how do you play through a bunch of money? So, what I personally
would do if you're willing to take the higher ROI but more variant strategy is I would just run a bunch of positive expected value plus EV bets. So, for example, DraftKings is offering incredible value on Nmith under one and
a half threes right now. I would just run this as a straight bet, right? And I would place a bunch of plus EV bets. But let's say you say, "No, I only want to convert it into risk-free profit and then I'm done sports betting for once
and for all." You can do that, too. So, don't worry. So, what you can use is the odds Jam low holds tool. Let's go through this tool first where basically you can convert, you can play through money with no loss of money, right?
Obviously, what you don't want to do is play through the rollover requirement and lose a ton of money because then the $1,000 that DraftKings gives you for ton of money and you could even end up down money. So, what the low hold tool
tells you is basically plays you can bet where you have no loss of money. So, let's say, for example, I want to bet Max Freed's under on DraftKings at plus 110 for $1,000. is over at minus110 on bet 365. It tells me
bet $1,100. And regardless of what happens, I make $0. Obviously, making $0 isn't good, but who cares because I'm playing through the playthrough that's required to churn through the deposit bonus. So, I can then withdraw the
sports book. We're just going through draft games. So, Freed goes over or under. I'm making $0 and I'm just playing through the money. Another thing you could do, low holds are great because you literally are just playing
through money with no loss, assuming you're getting 0%. Obviously, there are some if you continue to scroll that these are like, okay, here, this play for example, you're losing 0.25% of your money. So, for every $1,000 you bet,
you're going to be losing $2.50. So, you can even take low holds that are a little negative, right? You'll lose a little bit of money, but you're playing through money. So, here it's like, okay, here's what I'd lose, 55 cents. Here's
my bet, my hedge bet. Sure, I lose 55 cents, but I'm playing through the money. It's a low hold, but again, 0%'s obviously better. But honestly, the best possible thing you can find are arbitrage bets, right? So, arbitrage is
a very simple strategy. This is my favorite tool on OddsJam, the OddsJam Arbitrage tool. Arbitrage is basically when two sports books have such different odds that you can bet the over here on one book, the under on a
little bit of money. So, it's even better. So, for example, let's say you're in Canada and you have access to Pinnacle and you decide to play this arbitrage bet and you bet 150 on Pinnacle. This will tell you bet 188 on
DraftKings. maybe round your bet size to like 189 or 185 190 something like that. But regardless, you're going to be making $67 in profit on top of playing
through the money for the DraftKings signup bonus. So again, that's kind of how deposit matches work. They're super simple. Most books most books that I've signed up for don't have a super bad playthrough requirement. You'll hear
horror stories of some books that are like, you know, 50 times playthrough, but usually the deposit bonuses are for like 10 grand or something crazy. Prize picks, you know, it's only a 1x playthrough. Most books, the playthrough
is not that bad. So, next we can discuss cashback signup bonuses. So, for cashback signup bonuses. So, for example, Profitex, their signup offer is example, Profitex, their signup offer is earn 2% cash back for your first 30
days. So, you only have a month to do this. You can earn 2% cash back up to $300 in sight credit in profit cash. So basically what that means is you just
have to bet $15,000 total to make the $300. After 15,000 it doesn't matter. They have a cap of $300 max that they're going to give you in profit cash. So basically you just need to bet 15K on Profitex in a month to get the $300 free
from Profitex. And it's gradually going to come to you, right? You don't have to do it all at once. If you bet $10,000 your first day, they're going to give you 2% back. So, you're going to get back $200 and you could do the rest of
it. Bet another, you know, whatever. Bet more of the money, another $5,000 5 days later. But it's really that simple. That's how a cashback signup bonus works. Again, if you're more risky and you're down for a plus EV betting
strategy, positive ROI, you could just find plus EV bets like we kind of explained for deposit bonuses. However, if you just want to make risk-free money, right? You don't want to deal with any risk whatsoever and you need to
bet $15,000 on Profitex, you can use the low hold tool, you can use the arbitrage tool, right? Just like with sports books that have rollover deposit matches, you
can use arbitrage or low holds to just take the free bonus money and convert it into risk-free cash. And the good thing about Profitex is there are tons of arbitrage bets, tons of low holds on Profitex. So, it's super easy, assuming
you have enough of a bankroll, to play through that money, right, and get the free $300. It's it's very easy to do. There's limitless arbitrage There's limitless arbitrage opportunities on Profitex. So, next we
can go through Bet MGM, right? These insured signup bonuses. So, in some states they have the bet 10 get 150 that we've already discussed. However, in
other states like Virginia, they have you place your first bet up to $1,500. If you lose, you get your money back in bonus bets. Okay? So, you get your money back in bonus bets. So, one thing I wanted to mention is similar to deposit
matches when you're taking advantage of the BetMGM signup bonus. Like, again, I bankroll, stuff like that, but if you want to sign up for Bet MGM, try to save
right? It's kind of pointless to do this with only $100 because you're way, way, way reducing the value of the signup bonus. This is a super profitable promo,
a super lucrative promo. You don't just want to do it for $100. Do some of the sports book signup bonuses, $100 deposit matches. Do those first to build your matches. Do those first to build your bankroll. However, how would I use this
$1,500 insured bet? You know what I would You guys already know what I would do is I'm a little more risky is I would just find a positive EV, a profitable bet, right? An underdog outcome. So, very similar to
bonus bets, when you have insured bets, you want to bet on underdogs. If you take a $1,500 insured bet and you throw it on a, let's say, -10,000 favorite, well, the insurance is basically
worthless because you're betting on a team that's 99% to win the game. There's no value to the insurance. So when you're using these insured bets where you lose, you get your money back in bonus bets, you want to bet on underdog
outcomes. So I'll give you a simple example is maybe I would run Pacers plus example is maybe I would run Pacers plus 260 or even I would parlay Pacers plus 260 or even I would parlay Pacers plus 260 with Devers plus 375. Two positive
EV profitable bets. You can see here they're offering great value on the Pacers at plus 260. Pinnacle, the sharpest book out there. they're only giving you plus 235. So that's what I would personally do. However, let's say
you say, "No way, Alex. No way, Jose. I want to turn this sign up bonus into riskfree cash." What you can do is go to the odds Jam promo converter. Let's go
to Bet MGM. So this promo converter, I mean, basically whatever you want to do. Um, so this is a no sweat bet, which is the same as an insured bet. And if we lose our first bet, we get refunded in bonus bets. It's for 1,500 bucks. So
then you just hit convert promo. Again, as I kind of explained with if you want to do the most profitable, right, you want to get the highest possible conversion rate, you want to turn your $1,500, you know, insured bet into as
much money as possible, you're going to need a lot of money to hedge. In this case, this is telling you bet your, you know, on Bet MGM, place your $1,500 insured bet on Flores plus 900 and then go hedge on NOVIG and bet 12.5K.
Obviously, that may not be realistic. It's the highest possible conversion rate, right? It's the highest possible conversion rate. You're going to turn conversion rate. You're going to turn your $1,500 bonus bet into almost $1,000
in guaranteed profit, which is pretty good. But if you don't have that money to that much money to hedge, maybe something like this, right? You know, you can kind of keep scrolling. Sure, you're only turning your $1,500 bonus
bet now into $690, but again, that's kind of the the problem with hedging is you're reducing the ROI, especially if you don't have a large bankroll to hedge with. So, what this is going to tell you to
do, and you can kind of read the text right here, is you want to place your insured bet on Flores to go yard, right? And then you want to hedge and bet on And then you want to hedge and bet on Flores to not go yard for 12.5K at minus
890 odds, right? This is an arbitrage bet. And then if your first bet loses, you're going to make money on Novig, right? If our first bet loses, if our $1,500 insured bet on Bet MGM does not win, Flores does not go yard on Bet MGM,
we're going to lose. But we get back our money, our $1,500 in a bonus bet. So now we have a $1,500 bonus bet that we can convert into risk-free cash the same way
I explained previously. And Bet MGM actually breaks it into five different bonus bets for 300 each. They don't just give you one bonus bet for $1,500. So, there's two options here, right? If Flores goes yard on Bet MGM, I win my
first bet and I'm making a ton of money, right? 1,500 bucks bet at plus 900 odds. So, I'm winning 13.5K, which is pretty good. On Novig, I'm
going to lose 12.5K and I'm going to profit $960. I'm done. I don't get a bonus bet because my first wager won. However, if my first bet loses, he doesn't go yard. I'm going to lose $1,500 on Bet MGM. But again, I'm
getting back $1,500 in bonus bets on NOVIG. I'm going to profit $1409. NOVIG. I'm going to profit $1409. So, I'm currently actually down $91, but but I can convert a $1,500 bonus bet into cash easily at a rate of 70%, which
means you're going to make 1,50 bucks. So you're going to end up again about So you're going to end up again about 900 bucks. So a little more complicated for these insured bets, especially if your first bet loses, right? If this bet
loses, then I'm going to have to do two things, right? Then I'm going to need to hedge my bonus bet again to convert it into risk-free cash. So you need a bankroll to hedge with. So I want to be clear, this may sound like, oh my gosh,
this is so much work. And maybe it does require a little bit of work, right? You can't snap your fingers and take all the sports book signup bonuses and be sports book signup bonuses and be $18,000 richer. It requires time. It
capital, especially if you want to do this in a risk-free way. Again, if you don't want to convert every signup bonus into guaranteed profit, you can just place a bunch of plus EV bets. It's pretty easy to do. But if you want to
guarantee risk-free cash, you're going to need a bit of a bankroll. But it's worth it, right? This is a ton of money. I mean, literally, I take my sister, I take my friends really easily within just a few hours of placing these bets,
doing everything in an optimal way. Every single person, I can make a few thousand guaranteed. Granted, depending on the state you're in, some books have better sign up bonuses, some books have worse signup bonuses. So, probably the
best states to go to and visit if you want to do sports book signup bonuses are New Jersey, Colorado, Indiana, Virginia. These are the states where the most sports books are available and all of the books have lucrative signup
bonuses. And you don't need to live in the state. So, when I actually started sports betting, you know, I would travel to different states simply to rip off sports book signup bonuses. Sports Illustrated was a book that launched in
Colorado with a $7500 insured bet, a $7,500, you know, risk-free bet it was called at the time. And basically, if you do that signup bonus optimally, you can convert that into $5,000 guaranteed profit. So,
I immediately was like, "Yo, this bonus may go down at some point." I booked a trip to Colorado, you know, the $5,000 in profit paid for everything, you know, my hotel, whatever. especially when you include the other Colorado sports books
that I signed up for. So, this is real money, very real money. Now, I did want to add one caveat before we get into the final type of signup bonus, which is profit boost. Is for fantasy books like prize picks, it's impossible to low hold
or arbitrage bet. Maybe not completely impossible. You can make it really complicated, but on prize picks, there's no straight bets. you can only place parlays, right? Every entry on prize picks needs at least two picks. So, that
makes arbitrage betting much harder. So, my recommendation is when you sign up for prize picks, you put in 100, they give you $100 in site credit for free. Just use the Odds Jam Fantasy Optimizer to convert these signup bonuses or
sorry, to find the most profitable plays that you can pair into a prize pick slip. just play through the $100 and then you can withdraw the money from your account. So for fantasy, the sites that are parlay only, it does get a
little more complicated. However, without further ado, I wanted to get into the final type of sportsbook signup bonus, which is profit boost. So Caesar Sportsbook is a big book obviously and they have a profit boost signup bonus.
So this isn't as common. The most common types of signup bonuses again in order probably the top ones are number one a bet and get right just like FanDuel
bet and get right just like FanDuel DraftKings Hard Rock bet 365 bet X get X if your first bet wins or some books are nice and they don't even make you win your first bet. We've already gone through that. The second most common one
is deposit matches. Prize picks, rebet, no vig. Tons of books will match your no vig. Tons of books will match your first deposit up to 50%, 100% up to $100, up to $1,000 like on Underdog Fantasy. And again, some of these books
have rollover requirements that are worth kind of understanding as we went through. The next most common type of bet is the insured bet. Bet MGM bet 500,500. If your first bet loses, you get your money back in bonus bets. We
went through that. Cash back is the fourth most common. Profitex, we went through that. So, the final one we're going to go through is profit boost. And I'll show you how to use profit boost signup bonuses in a mathematically
optimal way. So, here you can see Caesar Sportsbook. Bet $1 and for your next 10 Sportsbook. Bet $1 and for your next 10 bets up to $25 max, you're going to get
an 100% profit boost. 100% profit boost token. Um, the maximum you can win for each profit boost, the max additional winnings is $2,500
as you can kind of read there. So, basically, you want to bet $1 and then all of your next 10 bets, you're going to want to bet 25 bucks, right? You obviously don't want to bet $5 when they're giving you an 100% profit boost
they're giving you an 100% profit boost up to 25. So, how would I use this? Unsurprisingly, I would find a bunch of plus EV bets. That's where Caesar is here, Caesars is offering the best price. All these other sports books,
including Pinnacle, Profitex, which are known to be pretty sharp books, they have the overfed. I mean, this looks like great value. So, with an 100% profit boost, it's pretty simple. So, basically, first inning money line,
let's just go through this example. Um, first inning money line, the A's are first inning money line, the A's are plus 100 on Caesars. I'm now going to be getting plus 200, right? I'm getting 100% profit boost. So, instead of plus
100, I'm getting plus 200. Instead of plus 200, you'll get plus 400. So, how can you convert these signup bonuses into risk-free profit if you don't just into risk-free profit if you don't just want to run EV bets is once again when
you're doing these bonuses, you want to bet on underdog outcomes. So, personally, what I would do is I wouldn't even run A's at plus 100 with profit boost. The higher the odds, similar to bonus bets, the better,
right? Because you're only getting the boost on the profit, not the stake. So, longer odds is better. So, personally, what would I do is I would just pair a bunch of these together. All of these bets are plus EV, have an edge. Once my
parlay is maybe plus 500 odds, plus 600 odds, I'll add in the profit boost. It'll go up to plus 1,200. But OddsJam makes it really easy. I mean, basically every type of sportsbook signup bonus, OddsJam makes it pretty
signup bonus, OddsJam makes it pretty easy. You just put in profit boost $25, max winnings 2500 bucks. Profit boost is 100%. Convert that. So, what this is going to do is it's going to show you arbitrage
bets, right? So, we've explained arbitrage. I did at the start of the video. when two books have such different prices that you can bet the different book, guarantee a profit. So,
basically what I'm able to do with my first $25 profit boost, you could put them all on the same play, is take Otani stolen base at plus $450. The odds will double the plus 900 because of the profit boost. And then you can just
hedge on Profitex. And what you're going to do for $210, so you'd want to bet your $25 uh profit boost token on Otani stolen base plus 900, right? You want to hedge bet 210 on Profitex at minus 515 on
Otani to not have a stolen base. And regardless of what happens, you're going regardless of what happens, you're going to make $15 guaranteed profit. So you're using the profit boost to lag into juicy arbitrage bets. So, we basically went
bonus. I mean, you can look through all these books. There's some other types, different country, you see more frequently, but I basically went through everything. You can always comment any questions and thank you so much for your