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Bonus Bet & Promo Converter
Turn sportsbook promos into winnings you can withdraw.
How promo converter works
Turn promos into usable cash.
Collect bonus bets
Sportsbooks offer bonus bets when you sign up, hit milestones, or receive promotions along the way.
Convert the bonus
We find a matching bet on the other side so you don’t have to gamble the bonus.
Withdraw real cash
Instead of risking the bonus, you convert a percentage of it into withdrawable cash.
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10s Delayed Odds Screen
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Typical arb opportunities often return 5-10% on your stake
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Frequently Asked Questions
What is a bonus bet converter?
A bonus bet converter turns sportsbook bonus bets into cash you can withdraw. Instead of gambling the bonus, you place it on one side and hedge the other side at a different sportsbook, so you keep a share of the bonus whichever side wins.
How much of a bonus bet can I convert into cash?
Usually around 65% to 80% of the bonus amount, depending on the odds available when you convert. AVO finds the pairing with the best conversion rate across your sportsbooks.
Why is a bonus bet worth less than cash?
A bonus bet only pays the winnings, not the stake. A $100 bonus bet at even money returns $100 if it wins, while a $100 cash bet would return $200. That is why converting it with a hedge beats betting it on a single outcome.
Do I need a separate free bet calculator?
No. AVO's promo converter sizes the hedge for every pairing it finds, so you see exactly what to place on each side and what you keep. The free bet calculator in our calculators section does the same math for a single bet.
Is converting bonus bets the same as matched betting?
It is the US version of the same idea. Matched betting pairs a promo with an opposing bet to lock in value, and the promo converter does that pairing automatically across 70+ sportsbooks.
Which sportsbook promos can I convert?
Bonus bets and free bets from sign-up offers, deposit matches paid as bonus bets and ongoing promotions. Every sportsbook sets its own promo terms, so check the rules on each offer before you place it.
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