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Alex goes through sportsbook bonus bets in this video. Many sportsbooks offer bonus bets, or free bets, as a part of loyalty programs and sports betting promos. Alex uses a bonus bet on FanDuel sportsbook in this video.

He shows how to use the OddsJam sports betting software to find the best bonus bet opportunities. Bonus bets, or free bets, are not the same as betting with cash. Bonus bets are worse than cash, and they should not be placed on heavily favored outcomes (e.g. Suns moneyline at -500 odds). Alex discusses the best sports betting strategies for taking advantage of sportsbook promos and free bets.

Alex explains that many sportsbooks, such as FanDuel, DraftKings and Caesars, offer bonus bets as a way to appeal to new customers.

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