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Sportsbooks will offer a set amount of free money once bettors make a deposit that they can use to wager on whatever they wish. However, that money cannot be simply withdrawn as cash. As an example, if a bettor wagers $10 of free money and profits $10, they will have gained $10 that they can later cash out.

Most Common Sportsbook Sign-up Bonuses Explained - Covers

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YES! Customers can now cash out any Sports, Racing or AFL SGM bets that were placed using a Bonus Bet - provided the markets contained within the bet are eligible for Cash Out.

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