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  1. Learn
  2. Promotions

How To Convert Bet & Get Promotions

Learn how to profit from "Bet & Get" promotions using matched betting strategies. Basic optimization for maximizing profits and minimizing effort.

SmartStake Team·June 21, 2024·10 min read
Flat editorial illustration of figures around a rising graph passing chart pieces toward a checkmark, representing converting bet-and-get promotions.

Sportsbooks run "Bet & Get" promotions to try and lure in new customers. They generally follow the same format. You will be required to bet a certain amount with real cash on sign-up (the qualifying wager), and you'll be rewarded with bonus bets in return. To the average bettor, this is almost never a profitable deal, but the SmartStake Promo Converter can help you work toward turning these into cash. These promotions are only available to new users of each sportsbook. Let's dive in:

Please note: Any screenshots in this guide are examples taken at one point in time and do not represent any individual user's results. Odds change quickly, sportsbook terms and conditions vary, and user error can occur. You are solely responsible for following each sportsbook's terms. SmartStake is not affiliated with any sportsbook.

Video Guide

Step by Step Instructions

Let's list out all the promotion conversion steps covered in the video.

🚨 Important!

MAKE SURE YOU PAY ATTENTION TO WHICH BET YOU PLACE FIRST. When converting the free bets, it's common to bet large amounts (( $1,000 - $3,000 )). The sportsbook might not accept a bet that large.

We want to avoid a scenario where we have placed one side of our matched bet, and the other side gets declined for exceeding the maximum bet amount. Even if you can cash out, doing so may void your no sweat bet promotion.

Always check the maximum bet amount on both sportsbooks BEFORE placing your bets. If you can only find the maximum bet amount on one sportsbook (and its big enough for your needs) then try to place the opposing bet first.

This way, if the bet goes through, you know for a fact that you will be able to hedge it. If it doesn't, then you can go ahead and find a different bet using the promo converter.

Find a full list of tips for avoiding common mistakes here

This content is for educational and informational purposes only and is not financial, investment, or betting advice. Sports betting carries risk and outcomes are never guaranteed — only stake what you can afford to lose, and bet responsibly.

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Video GuideStep by Step Instructions🚨 Important!

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