Promo Value Calculator
Calculate the true cash value of sportsbook promotions. Know exactly what a deposit match or bet credit is worth before signing up.
Typical: 65-80%
Common Sportsbook Promos
| Promo Type | Example | True Value |
|---|---|---|
| Deposit Match 100% | $500 match, 1x playthrough | ~$350 (70%) |
| First Bet Insurance | $1000 bet, get $1000 free bet if lose | ~$350 (35%) |
| Free Bet | $200 in bet credits | ~$140 (70%) |
| Deposit Match 20% | $1000 deposit → $200 bonus, 5x PT | ~$28 (14%) |
How to Value Sportsbook Promotions
Sportsbook promotions have real cash value, but it's rarely the face value. Understanding true value helps you prioritize which promos to pursue and which to skip.
Deposit Match Promos
Deposit matches give you bonus money when you deposit. The true value depends on:
- Playthrough requirements: 1x is great, 10x+ is usually not worth it
- Conversion rate: How efficiently you can convert to cash (typically 65-80%)
- Time limits: Can you complete playthrough before it expires?
First Bet Insurance
These promos refund your first bet as a free bet if you lose. The value is:
Value = Bet Amount × P(Losing) × Free Bet Conversion Rate
Example: $1000 × 0.5 × 0.70 = $350 expected value
Example: $1000 × 0.5 × 0.70 = $350 expected value
Free Bets / Bet Credits
Free bets are worth about 70% of their face value because the stake isn't returned on wins. Use our Free Bet Converter to optimize conversion.
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