How to Convert Site Credit

Level: Beginner
Updated: May 13, 2025
7 min read

Bet Finder Introduction

If you are new to using Bet Finders on DarkHorse Odds start by reading our Tools and Features guides to learn how to use all the available features such as filters and editing your Bet Slip.

Key Takeaways

Site Credit is less common than Bonus Bets
You do not lose any money if a Site Credit bet loses
On a winning bet the original bet amount (stake) is returned along with the winnings
Site Credit can typically be converted to cash at close to 100% of their original value
There may be restrictions such as minimum odds and playthrough requirements
Use the DarkHorse Odds Site Credit Bet Finder to convert

What is Site Credit?

Many sportsbooks use Site Credit when paying out promotional bets, such as Second Chance Bets or deposit match bonuses. Some Sportsbooks refer to Site Credit as ‘Bonus Funds’ or ‘Bet Credit’. There are three key points to understand about Site Credit:

The stake, bet amount, is returned with the winnings.
It cannot be withdrawn. It must be bet to convert it to withdrawable cash.
It often has special requirements tied to it such as rollover and minimum odds.

Converting Site Credit

Properly hedging Site Credit can typically convert ~100% of its value to withdrawable cash. For example, $100 of Site Credit can be converted into $100 of withdrawable cash. To convert Site Credit you will want to use our Site Credit Bet Finder.

Minimum Odds

Site Credit bets often have minimum odds requirements. This is usually around -250, but it varies by Sportsbook. This simply means you cannot place a Site Credit bet on a line that is lower than -250. Meaning you cannot bet on a line that is -260, but you can bet on lines of -250, -200, +150, etc.

Rollover (Playthrough) Requirements

A rollover or playthrough requirement is how many times you have to bet the Site Credit before it and any winnings from it become withdrawable cash. Rollover requirements vary from 1x to upwards of 20x. The rollover requirement may only apply to the Site Credit amount or the Site Credit and deposit amount if the Site Credit was tied to a deposit. Sportsbooks have rollover requirements to force you to keep betting, knowing that in time you will likely lose it all back to the Sportsbook. However, you can easily turn a profit if you hedge your Site Credit bets. There are three main types of rollover requirements.

One Time: If you get a $100 site credit at a 1x rollover requirement, you have to bet $100 to complete the rollover requirement if the rollover was only tied to the Site Credit amount. After your bet, any remaining Site Credit from that $100 is converted to withdrawable cash. If the 1x rollover is tied to a deposit, such as a deposit of $100, get $100 in Site Credit. The rollover requirement may state that you need to bet 1x both the deposit amount and the Site Credit amount. In this case, you would have to bet $200, $100 from the Site Credit, and $100 from the deposit before being able to withdraw it.

High Rollover: More than 1x rollover. If it's a 5x rollover requirement, then you have to bet a cumulative $500 to convert it to cash. In the 5x scenario, if you bet $100 at +100 and win, you now have $200. All $200 is restricted from withdrawal until you wager the remaining $400 to meet the rollover requirement. Just like a 1x rollover, you need to check if the rollover requirement applies just to the Site Credit amount or to the Site Credit and deposit amount. Using the same example of $100 Site Credit from a $100 deposit at 5x rollover you would need to wager $1,000 before being able to withdraw. $100 Site Credit + $100 deposit = $200. This $200 then gets multiplied by the 5x rollover to total $1,000.

How you hedge may vary based on rollover requirements. If the rollover requirement is 1x then you want to find the highest conversion no matter if the Site Credit bet is on the underdog or favorite. If the Site Credit has high rollover requirements, you may want to bet on the underdog so that you have a higher chance of losing all the Site Credit. This may seem counterintuitive at first. However, once you lose your Site Credit Bet, you no longer have any restricted funds. Losing the Site Credit Bet means your Hedge Bet won, and you have withdrawable cash on a different sportsbook.

Think of it this way: when you hedge, losing a Site Credit Bet immediately converts it to withdrawable cash in the hedge-bet sportsbook.

Drip Style Site Credit

Drip: The Site Credit is released in increments based on the size of your wagers. DraftKings' sign-up offer is a perfect example of this. Here are their terms and conditions.

A customer who makes their Qualifying Deposit is eligible to receive up to $1,000 DK Dollars upon completion of playthrough requirements as defined below. The customer's Qualifying Deposit dictates the amount of DK Dollars available to be earned. Bonus reward is equal to 20% of Qualifying Deposit amount. Bonus reward issued as DK Dollars that can only be used on DraftKings platforms. Customers are eligible to receive a maximum of $1,000 DK Dollars from this promotion (the customer must deposit $5,000 to be eligible to receive the maximum bonus amount of $1,000 in DK Dollars). DK Dollars will be awarded to the customer according to the following playthrough requirement: for every $25 played on any DraftKings product, the customer will receive $1 in bonus funds released into their player account (applicable only on paid DFS contests, Sportsbook bets (-300 odds or longer), casino products, or any combination thereof) (e.g., a $5,000 deposit requires a customer to play through a cumulative total of $25,000 to receive the maximum bonus amount of $1,000 DK Dollars).

This can often cause confusion and intimidate new users, but it is straightforward. Place $100 wager and once it settles you get $4 Site Credit (DK Dollars). $4 comes from $100 / 25 = $4. The next wager you place the $4 in Site Credit will be automatically applied. If you placed a second wager of $104, $4 of it is Site Credit, and the remaining $100 is cash which releases another $4 in Site Credit. The process continues until you complete the rollover, $25,000 wagered, or hit the timeline of 90 days. Often the best approach to get maximum value from drip style Site Credit promotions is to use them as a hedge book for other promotions.

Example: 1x Rollover

In this example, you have a $100 deposit match on MGM with a 1x rollover requirement and -250 minimum odds. You deposit $100 cash and now have $200 in our account. $100 is cash and 100 is Site Credit. The 100 Site Credit is restricted from withdrawal until you wager through it 1x. Since it is a 1x rollover requirement you don’t care which side wins you just need to bet it 1x.

Enter Site Credit Criteria

Select the Site Credit Bet Finder:

Set the Minimum Odds filter to -250.

In all of our guides, we filter to “Main Lines Only” as a way to avoid limits. Limits will greatly reduce your long-term earnings potential. Learn the best practices on avoiding sportsbook limits in our Don't Get Limited guide. You can apply this by selecting Filters -> Main Lines Only. This is not required but highly recommended.

This sets Market Type to Money Line, Spread, and Total. It also sets Market Segment to Full Game+ and Full Game.

Select Your Matched Bet

After selecting the sportsbook where you have the Site Credit and entering the bet amount you will be presented with a table of all available Site Credit conversions. You can then select the matched bet that best fits your needs. The example below shows a $100 Site Credit on MGM.

Place Your Matched Bet

After selecting the bet you want, viewing the bet slip provides all the details needed to properly hedge ensuring maximum profit. In this example, on MGM you would place the $200 Site Credit Bet on the Lakers moneyline at -115. Then place a Hedge Bet on any of the listed hedge books of $174 on the Pacers money line at +115. The Lakers and the Pacers play each other; therefore one of these two bets will win. Either way, you will profit $200.

Outcome Explanation

Clicking the information icon on the bet slip above displays further details explaining exactly how you profit $200 no matter the outcome of the event.

Example: High Rollover

Now let’s go through a similar scenario, but with a higher rollover requirement. This time you have a $200 deposit match on MGM with a 5x rollover requirement. You deposit $200 cash and now have $400 in your account. $200 is cash and 200 is Site Credit, but all 400 is restricted from withdrawal until you meet the rollover requirement and wager $1,000 (200 x 5 = 1,000).

You could use the bet from the first example to meet the first $200 of the rollover requirement, but if the bets you find are below 100% conversion, then you will be slowly losing money each time.

A strategy to avoid this is trying to lose the Site Credit Bet and win the Hedge Bet by betting on an underdog with the Site Credit. If you lose all the Site Credit on MGM, you can “drop” the bonus and no longer have to worry about the remaining rollover requirements. You successfully converted site credit on MGM to cash on a different SportsBook. Think of it as a bank transfer.