OddsShopper’s Free Bet Converter is an absolute godsend for those of you having trouble turning profits on your betting journey. As wild as it may sound, this calculator tells you exactly how to easily make cash by simply taking advantage of bonus bets that sportsbooks are consistently offering across the industry. For a full breakdown of this process, check out our detailed explanation on the Free Bet Converter, but below we will provide a quick summary as to how this tool works to make you money via bonus bets.
For this week, we are specifically looking at four opportunities to convert bonus bets, two from bet365 and two from BetMGM, and we will cover markets from three different sports to give you a good spread of options. Let’s get into some of the best ways to convert bonus bets into cash this week.
Free Bet Converter: Turning Sportsbook’s Promotions Into Cash
Here is a quick explanation of the Free Bet Converter: Sportsbooks offers bonus bets as promotions — for example, the current bet365 promo of “bet$5, get $150 in bonus bets.” However, they will not let you use those to play both sides of the game, as that is a quick way for the sportsbooks to start losing money. 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.
Bet365 Free Bet Converting for NBA and NFL
As mentioned above, bet365 has a promo where new users need only bet $5 and they will receive $150 in bonus bets. It is not as lucrative as some of their past bonus bet offers, but $150 is still a solid starting point as we look to convert.
Let’s head to the NBA on bet365. Now, the season begins Tuesday and this Pistons-Heat game is not until Wednesday, but it is still the top value in the Free Bet Converter and will likely remain so leading up to tip. For this conversation, we are attacking the moneyline:
- Cash in on bet365’s offer on the Pistons moneyline (+425)
- Make a 3.4x wager on the Heat moneyline (-345) at BetRivers.
- With an 85% conversion rate, that will lead to a profit of $8.50 on a $10 bet.
The top NFL play of the weekend at bet365 is also a moneyline play, only this time a first half moneyline as the Patriots host the Bills in Foxborough:
- Take advantage of bet365’s offer on the Patriots first half moneyline (+225).
- Make a 1.607x wager on the Bills moneyline (-250) at BetRivers.
- The 64.29% conversion rate here means a profit of $6.43 on a $10 bet.
BetMGM Free Bet Converting for CFB and NFL
BetMGM’s bonus bets promo is a little different from bet365’s in that it is technically bet forgiveness, not straight up bonus bets. Here you will receive bet credits if your first bet loses rather than receive them as a sign-up reward after making an initial bet. Aside from that, the process here is largely the same.
For an NFL conversion, we are looking to grab the Chargers at an alternate spread of -3.5 (they are set as 5.5-point underdogs), which gets them well into plus money for their matchup with the Chiefs:
- Use BetMGM’s promo on the Chargers points spread -3.5 (+300)
- Make a 2.308x wager on the Chiefs point spread +3.5 (-335) at BetRivers.
- With a 69.23% conversion rate, that will lead to a profit of $6.92 on a $10 bet.
The best conversion spot for CFB this week heads to San Diego State, who is welcoming Nevada, and the Wolfpack moneyline is the starting point for this one:
- Take advantage of BetMGM’s offer on Nevada’s moneyline (+375)
- Make a 3.074x wager on the San Diego State moneyline (-450) at Tipico.
- This conversion has a 67.62%, which leads to a profit of $6.76 on a $10 bet.
