Explain It Like I'm in Fifth Grade
A bonus bet is a token the sportsbook lets you use to place a wager.
You normally cannot withdraw the bonus amount itself.
If the bet wins, you commonly receive the profit, but not the bonus stake.
Simple Example
You use a $10 bonus bet at +200.
The wager wins.
- Profit: $20
- Bonus stake returned: commonly $0
- Total amount credited: commonly $20
If you had used $10 in cash, the total payout would normally include both the $20 profit and your $10 wager.
Rules vary, so always check the promotion.
Why It Matters
A $10 bonus bet is not always worth the same as $10 cash.
The odds you choose can affect how much value you receive.
Biggest Beginner Mistake
A common mistake is expecting the bonus stake to be returned with the winnings.
Playbook Tip
Check whether the promotion says "stake not returned."
Important Rules to Check
Check:
- Expiration date
- Minimum odds
- Eligible markets
- Whether the stake is returned
- Whether the bonus can be divided
- Maximum winnings
- Withdrawal requirements
Quick Quiz
1. Can you usually withdraw an unused bonus bet as cash?
2. Is the bonus stake commonly returned after a win?
3. Should you check the expiration date?
Try it yourself
Put this lesson into practice with a free Parlay Assistant tool.