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Categories Betting 101 MLB

MLB Opening Day Promos: Free Bet Converter Turns Sportsbook Bonus Bets Into Cash

Updated March 26, 2024 | 1:17 pm CDT by Sam Smith
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We have a couple of days still to get our MLB Opening Day bets in order. Or, we can simplify things and just take the easy wins with the help of some sportsbook promos. I’m talking about the Free Bet Converter: It takes sportsbook promotions and helps you convert those into real cash — and there are already some great chances to do so for MLB Opening Day. Let’s go after one such spot (Cardinals-Dodgers) and learn together how we can turn MLB Opening Day promos into cash.

React App

Best Offers in Ohio

Ohio
State

bet365

Bet $5 & Get $150 in Bonus Bets, Win or Lose

Deposit required. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New Customers only. T&Cs, time limits and exclusions apply GAMBLING PROBLEM? CALL OR TEXT 1-800-GAMBLER (AZ, CO, IN, KY, LA, NC, NJ, OH, VA) or 1-800-BETS OFF (IA). 21+ only (18+ in KY).

No Code Necessary

Deposit required. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New Customers only. T&Cs, time limits and exclusions apply GAMBLING PROBLEM? CALL OR TEXT 1-800-GAMBLER (AZ, CO, IN, KY, LA, NC, NJ, OH, VA) or 1-800-BETS OFF (IA). 21+ only (18+ in KY).

betmgm

Up To $1,500 in Bonus Bets Paid Back if your First Bet Does Not Win

21+ Gambling a problem? Call 1-800-NEXT-STEP or Text NEXTSTEP to 53342

No Code Necessary

21+ Gambling a problem? Call 1-800-NEXT-STEP or Text NEXTSTEP to 53342

caesars

Bet $1, Double Your Winnings Your Next 10 Bets

21+ Gambling problem? Call 1-800-GAMBLER

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21+ Gambling problem? Call 1-800-GAMBLER

Free Bet Converter: Turn MLB Opening Day Promos Into Cash

Here is how the Free Bet Converter works: Sportsbooks offers bonus bets as promotions — for example, one of the current bet365 promos gets you $150 in bonus bets with just a $5 bet. However, they will not let you use those to play both sides of the game, as that is how sportsbooks throw money away. But if you use the bonus bets they offer to play one side of a game and then head to another sportsbook to play the other side, you have a chance to guarantee profit. That is what OddsShopper’s tool helps to calculate; it shows you the best value for these types of wagers at each sportsbook and where to go to play the other side.

And what do you know? MLB opening day is here, and already we have some great options for cashing in with the Free Bet Converter!

Is this a marquee game? I’m going to say yes because the Dodgers and Cardinals are two of the most significant franchises of the last 20 years, even if St. Louis isn’t necessarily trending towards relevance. And it’s multi-time All-Star Miles Mikolas against new acquisition Tyler Glasnow, so plus pitching matchup — bully for us.

Now enough about the competitive angles; we’re trying to convert some bonus bets. Here’s how to attack this Cardinals-Dodgers Opening Day game.

First up, you have to go to bet365 — I know this book is not available in all that many states, but it is up to 10 now, including the recent launch in North Carolina, and bet365 has some of the best odds and sign-up offers in the industry. So sign up there and choose the “bet and get” offer: Bet $5 and get $150 in bonus bets. Place your $5 bet on anything and land your bonus bets.

Done? Good. Now, using those bonus bets, place an even $10 bet on the Cardinals moneyline, which is +195 at bet365. Congratulations — your work at bet365 is done.

Unfortunately with FanDuel, you have a bit more grunt work to do — but that is why we are giving you this Free Bet Converter play ahead of time. Sign up for FanDuel and place a $5 bet; make sure it’s one you like because you have to win to secure FanDuel’s bonus bets.

(Psst — this is where OddsShopper Premium comes in handy. Our model scours the market to find out the best value and winnable bets so you don’t have to do any of the critical thinking on your own. Plus, if you sign up for FanDuel’s promo using our code, you can get a FREE MONTH of OddsShopper Premium! What I’m reading here is that everything is falling in line to win you money, and I don’t know why you would pass it up. Check out below for details.)

Congratulations on winning your FanDuel bet and bagging $200 in bonuses. Now take those bonus bets and place a $13.31 bet on the Dodgers moneyline at -215.

No matter which team ends up winning this Opening Day matchup, you are guaranteed $6.19 in profit because this combination of odds leads to a 61.9% conversion rate. And since you’re using bonus bets, that comes at no risk to your personal bank roll.

The Free Bet Converter works, so use it for any sportsbook that is offering bonus bets as a sign-up promotion.

React App

Additional Offers in Ohio

Ohio
State

caesars

Bet $1, Double Your Winnings Your Next 10 Bets

21+ Gambling problem? Call 1-800-GAMBLER

No Code Necessary

21+ Gambling problem? Call 1-800-GAMBLER

Fanatics

Bet and get up to $1,000 in no sweat bets

21+ Gambling Problem? Call or text 1-800-GAMBLER or Chat 24/7 at ncpgambling.org/chat

No Code Necessary

21+ Gambling Problem? Call or text 1-800-GAMBLER or Chat 24/7 at ncpgambling.org/chat
Categories Betting 101, MLB
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Sam Smith

Author

Sam Smith

Sam Smith is a writer and editor with Stokastic and OddsShopper. He has been immersed in the world of professional sports data since 2015 while also writing extensively on the NFL for a multitude of blogs and websites. With OddsShopper, Sam looks to blend his sports and editorial expertise with OddsShopper's data to bring you the best betting information possible.

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How Can I Find the Best Sports Betting and DFS App Bonuses?

If you're a new sports bettor, it's hard to know where to start. In fact, it's simpler than it seems, because there are incredible sportsbook bonus codes and DFS app promo codes that are expressly designed to help new players get started building a bankroll. As a new player, it's often correct to focus on taking advantage of as many of these offers as you can. Even better, having access to more books lets you take advantage of line shopping so that you can always get the best payout for your winning bets. Books like BetMGM and bet365 have great first-bet offers for new players. On the DFS App side, operators like Underdog and Sleeper offer matches on your first deposit up to a certain amount. Use the links below to explore the best sportsbook promo codes. Once you get signed up with a bonus, make sure to use OddsShopper's Free Bet Converter to maximize your beginning bankroll

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