New tool: MLB lineup alerts the moment lineups post, before slow books repriceTry it →
martStake
  • Learn
  • Pricing
Log inGet started

Stay in the loop

Join our newsletter for the latest tools, new guides, and product updates.

By providing your email, you are consenting to receive communications from SmartStake. Visit our Privacy Policy for more info

Product

  • Promotion Conversion
  • Arbitrage Betting
  • Positive EV Betting

Getting Started

  • Getting Started with SmartStake
  • Matched Betting In Canada
  • Browse All Guides

Company

  • Learn

Socials

  • Discord
  • YouTube
  • Instagram
  • Twitter

SmartStake is an informational and analytical platform. We do not accept, facilitate, or process any wagers. We are not a sportsbook, casino, or gambling operator. Our tools provide data analysis, odds comparison, and mathematical calculations for informational and educational purposes only. All sports betting involves risk of loss. Past performance does not guarantee future results. Individual results will vary. Users are solely responsible for their own betting decisions.

If you or someone you know has a gambling problem, call 1-800-MY-RESET (US), 1-877-8-HOPENY or text HOPENY (NY), 1-800-522-4700 (NCPG), 1-866-531-2600 (ON), or 1-888-795-6111 (BC). Visit www.ncpgambling.org for more resources. Adults only (19+ in Canada, 21+ in the US).

© 2026 SmartStake. All Rights Reserved.

Privacy PolicyTerms of UseResponsible Gambling
  1. Learn
  2. Tutorials

Promo Recommender: Which Sportsbook Promo to Take First

A walkthrough of the SmartStake Promo Recommender: why the top card is rarely the biggest one, and what its three conversion rates assume.

SmartStake Team·August 7, 2026·12 min read
A small ordered stack of rounded gift boxes descending in size, the smallest box on top tied with a bow, one coin tucked beside the base

The SmartStake Promo Recommender answers one question that no calculator answers: of every sign up offer open to you right now, which one should you do next. It is at /app/promo-recommender, it reads your region, your bankroll and the books you have already opened, and it puts a single Recommended Promotion at the top of an ordered list.

The surprising part is that the number printed largest on each card plays no part in that order. Sign up offers are for new customers only and each carries its own terms, so treat the board as a to do list you clear once per book.

Try it: one promo queue

Drag the bankroll and watch two things: which promotion is crowned, and how much of the board is still out of reach. The order never changes, because the order does not depend on your bankroll.

One promo queue

$500

A promotion is only offered to you once your bankroll covers 3 times what it puts at risk, so your ceiling right now is $167.

The order the recommender lists them in

1. Bet $50 Get $50

Caesars · Bet and Get · easy · face value $50

$35Recommended

2. Bet $5 Get $300

FanDuel · Bet and Get · easy · face value $300

$210Needs $900

3. Bet $5 Get $150

bet365 · Bet and Get · easy · face value $150

$105In reach

4. No Sweat First Bet up to $1,500

DraftKings · No Sweat Bet · medium · face value $1,500

$750Needs $4,500

5. Deposit Match up to $1,000

BetMGM · Deposit Match · hard · face value $1,000

$750Needs $3,000

What the order is and is not doing

Top of the queueBet $50 Get $50, $35
Biggest number on the boardNo Sweat First Bet up to $1,500, $750
In reach today$140 of $1,850
Bankroll after one lap of the queue$640
Does the order rank by valueNo, the head is the smallest

Illustrative example on a made up board of promotions, not live offers and not a recommendation. Sign up offers are for new customers only and carry their own terms. Every figure is computed from the values beside it by the same ranking functions the Promo Recommender runs on, and each converted value is a long run average across many conversions rather than a prediction. A conversion can still lose money if the hedge is placed badly or a leg is priced worse than planned.

At the default $500 the queue puts a $35 promotion first and a $750 one last. That is not a bug, and the rest of this guide is why.

Every promotion, price and dollar figure on this page is a made up example on a made up board, not a live offer. Each converted figure is a long run average over many conversions rather than a result you should expect from one, and a conversion can lose money outright if a price moves before you get the hedge down, a leg is voided, or the book limits the stake.

The number on the card

Every card shows a dollar figure in the largest type on the screen. That figure is not the advertised offer. A book that shouts "Bet $5, Get $300" gets a card reading $210.

The screen computes it as the face value multiplied by a conversion rate that depends on the promotion's structure:

expected value=face value×multiplier\text{expected value} = \text{face value} \times \text{multiplier}expected value=face value×multiplier

There are exactly three structures and three multipliers:

Promotion typeMultiplierConverted with
No Sweat Bet0.50a hedge, then the returned free bet
Bet and Get0.70a hedge on the free bet it awards
Deposit Match0.75a series of low hold bets

So a $300 bet and get is worth $210, a $1,500 no sweat bet is worth $750, and a $1,000 deposit match is also worth $750. A free bet is not cash, because it returns your winnings without returning the stake, and the multiplier is the share of the face value that a competent conversion actually leaves in your account. Free Bet Converter covers that arithmetic in full, and /tools/freebet-calculator runs it on a live pair of prices.

These are long run averages across many conversions rather than a promise about any one of them.

What the order really is

Here is the part worth internalising. The recommender sorts the board on four keys, in this order:

  1. Promotions at books outside your plan sink to the bottom.
  2. Difficulty, easy before medium before hard.
  3. An internal difficulty ranking within that tier.
  4. Face value, ascending.

Expected value is not on that list. It is computed, printed in the biggest font on the card, and then ignored by the sort.

The fourth key is the one that catches people out, because it sorts the smallest offer to the front. On the example board above, the $50 Caesars offer leads and the $1,500 no sweat bet trails, even though the first is worth $35 and the last is worth $750. Note also that the $300 FanDuel offer sits ahead of the $150 bet365 one: the internal ranking outranks face value, so the ascending rule only decides ties inside a tier.

The screen is a queue, not a leaderboard. It is answering "which one next", and "next" is the cheapest, easiest thing you have not done.

Why smallest first is right

The instinct is that ordering by size leaves money on the table. It does not, for a reason specific to promotions: a sign up offer is a one time backlog, not a competitive market. You are not choosing between the $50 and the $1,500. You will take both. The total is fixed the moment the board loads, and the only thing an order can change is how quickly you reach the rest of it.

That is where the bankroll rule comes in. A promotion only gets crowned once your bankroll covers three times what it puts at risk:

bankroll≥3×amount at risk\text{bankroll} \ge 3 \times \text{amount at risk}bankroll≥3×amount at risk

A conversion needs the qualifying bet and the hedge live at the same time, on two different books, and it needs to survive the swing between them settling. Three times the exposure is the working floor the screen uses, so your real ceiling is your bankroll divided by three. At $500 you can reach a $166 promotion and nothing larger.

Now the ordering makes sense. Each conversion returns cash, that cash raises the bankroll, and the raised bankroll lifts the ceiling. Walk the example queue once from $500 and the widget shows it: the $50 offer clears and returns $35, the $300 one is still blocked at a required $900, the $150 one clears and returns $105, and you finish the lap at $640 with the two four figure offers still out of reach.

That is the honest version, and it is why the ceiling matters more than the ordering. Going smallest first is the fastest route up the ladder, but from a small bankroll a single lap will not clear the board. See Bankroll Management for Sports Bettors for the general version of this rule.

Nothing here is a way to turn a small bankroll into a large one on schedule. Promotions are finite, and a hedged conversion is never truly without risk: prices shift between the two legs, books limit stakes, and a voided leg can leave you holding one side alone. Stake only money you can afford to lose, and treat the figures above as averages over many conversions rather than a forecast of yours.

What the multipliers assume

The three multipliers look like round numbers picked by feel. Invert them and each turns out to encode a specific assumption about how well you convert.

Take the bet and get rate of 0.70. A free bet returns winnings only, so the share you keep after hedging at decimal odds ooo against a market with hold hhh is (1−1/o)−h(o−1)(1 - 1/o) - h(o - 1)(1−1/o)−h(o−1). That expression peaks at o∗=1/ho^* = 1/\sqrt{h}o∗=1/h​ and is worth (1−h)2(1 - \sqrt{h})^2(1−h​)2 there, a result derived in full in the Matched Betting Canada guide. Setting that peak equal to 0.70 and solving backwards gives a hold of 2.67% at a price of about +512.

So the 0.70 is not a typical outcome. It is the best case: it assumes you find a hedge pair costing under 3% and place the free bet near +500. Convert at +150 on a 4% pair and you will keep noticeably less. How To Convert Bet & Get Promotions walks the actual steps, and Low Hold Betting explains why the hold on your chosen pair is the whole game.

The no sweat rate of 0.50 falls out of the same number. A no sweat bet only pays you a free bet when the qualifying bet loses, so its value is the chance of losing multiplied by what a free bet converts at. Solve (1−1/o)×0.70=0.50(1 - 1/o) \times 0.70 = 0.50(1−1/o)×0.70=0.50 and you get o=3.5o = 3.5o=3.5 exactly, which is +250. The two multipliers are consistent with each other: a no sweat bet is a bet and get that only fires when your qualifier at +250 goes down. The table does not say this anywhere. It is what the numbers imply, and it is a good reason to place a no sweat qualifier long rather than short. How To Convert No Sweat Bet Promotions and /tools/no-sweat-bet-calculator cover the mechanics.

The deposit match rate of 0.75 does not invert the same way, and it should not. A deposit match is not a free bet: it is bonus money released against a rollover requirement, cleared with a series of low hold bets that each shave a small percentage. Its 0.75 is a rollover cost estimate, not a hedge optimum. That is also why the card shows you a Rollover figure in dollars, computed as the rollover multiple times the promotion value. How To Convert Deposit Match Promotions and /tools/low-hold-calculator are the pair to read there.

The book it never offers you

Every region in SmartStake carries a default hedge book, and the Promo Recommender filters that book's promotions out of the recommendation list entirely. It will never be your Recommended Promotion and it will never appear as a card.

This looks like a bug and is not. The default hedge book is the one you place the opposing side of your conversions at, so you will open it during your very first promotion regardless. Recommending it as a promotion would be recommending a step you are about to take anyway.

There is a visible consequence worth knowing. The headline at the top of the screen sums every uncompleted promotion in your region, and it does not apply that filter. So the total at the top can be larger than the cards beneath it add up to. On a region carrying a $300 offer, a $50 offer and a $500 deposit match at the hedge book, the headline reads $620 while the two visible cards total $245, a $375 gap. The money is real, the filter is deliberate, and the two numbers are simply counting different sets.

The same thing happens as you progress. Books you have marked as opened, plus every book you hold a promotion at, are filtered out of the list, so the board shrinks as you work. When it empties, the screen sends you to the Arbitrage Finder, since the promo backlog is a one time list and the tools that keep working after it are elsewhere.

When nothing is recommended

If your bankroll cannot cover the top of the queue, the screen shows a "We recommend a larger bankroll" panel instead of a crowned card.

Read that panel carefully, because it is narrower than it sounds: the crown only ever inspects the first promotion in the queue. It does not scan down the list for the best offer you can afford. So a board whose head is a $300 offer needing $900 will show that panel to a reader with $200, even when a $50 offer needing only $150 is sitting at position two, perfectly affordable, one row below.

The fix is to scroll rather than to raise your bankroll. Every card carries its own requirement, and any card not greyed out is one you can take today. Note also that the crowning rule and the per card rule measure slightly different things: the crown uses three times the promotion's face value, while each card uses three times its maximum bet size when the promotion caps one. A "Bet $500, Get $50" offer can therefore be crowned at the top of the board while its own card asks for a $1,500 bankroll.

What Get Started does

Pressing Get Started on a card does more than open a guide. It marks every promotion at that sportsbook as in progress, marks the region's default hedge book promotions as in progress as well, and then routes you to the step by step walkthrough at /app/promo-guides/.

That is why the board can shrink by more than one card after a single press. It reflects the real shape of a conversion: you are opening a book and its hedge partner together, not taking one isolated offer.

If you have never converted a promotion before, read Sportsbook Sign-Up Promotions 101 first, then set your region and bankroll in Preferences and let the queue order the rest. The two sibling product tutorials, the Odds Screen and Insiders, cover where your converted money goes next.

FAQ

What is the SmartStake Promo Recommender?

The SmartStake Promo Recommender is a screen that turns every sign up offer available in your region into an ordered queue and tells you which one to take next. It scores each promotion by the cash a well executed conversion typically leaves behind rather than by its advertised face value, hides the ones your bankroll cannot safely cover yet, and crowns a single Recommended Promotion at the top. Sign up offers are for new customers only and each carries its own terms.

Why is the recommended promo not the biggest one?

Because the Promo Recommender is a queue rather than a leaderboard. Its order is decided by difficulty first, then by an internal difficulty ranking, and only then by face value, and that last tie break sorts ascending, so the smallest promotion in a tier comes first. The advertised expected value is printed on every card but is never used to sort them. Promotions do not compete with each other, so taking the small ones first costs you nothing and grows the bankroll that unlocks the large ones.

Why does the Promo Recommender ask for three times the promo value?

A conversion needs enough bankroll to place the qualifying bet and the hedge on the other side at the same time, and to survive the swing while both are pending. The screen uses three times the amount the promotion puts at risk as a working floor, so a $300 offer wants about $900 behind it. Your effective ceiling is therefore your bankroll divided by three.

Why does one of my sportsbooks never appear in the recommendations?

Every region has a default hedge book, and the Promo Recommender filters that book out of the recommendation list on purpose. You need it as the opposing side of your conversions, so you will open it during your first promotion anyway. Its own offer is still counted in the total at the top of the screen, which is why that number can be larger than the cards below it add up to.

What happens when I press Get Started on a promotion?

Pressing Get Started marks every promotion at that sportsbook as in progress, marks the region's default hedge book promotions as in progress too, and then routes you to the step by step guide for the offer you picked. Those books drop off the board from then on, which is why the queue gets shorter rather than longer as you work through it.

The short version

The Promo Recommender is a queue. Its cards are priced by structure, its order is set by effort and then by the smallest face value, and its bankroll rule gates access rather than value. Take the top card, or scroll to the first one that is not greyed out, and let each conversion fund the next.

This content is for educational and informational purposes only and is not financial, investment, or betting advice. Sports betting carries risk and outcomes are never guaranteed — only stake what you can afford to lose, and bet responsibly.

Get the next guide in your inbox

Practical betting guides, new tools, and product updates from the SmartStake team. Unsubscribe in one click, any time.

By providing your email, you are consenting to receive communications from SmartStake. Visit our Privacy Policy for more info

On this page

Try it: one promo queueThe number on the cardWhat the order really isWhy smallest first is rightWhat the multipliers assumeThe book it never offers youWhen nothing is recommendedWhat Get Started doesFAQThe short version

Similar articles

A rounded gift box with its lid lifting to reveal a single dollar coin rising out, a small upward arrow curving beside them
PromotionsPromo Converter

How to Convert a Sportsbook Promo: The Step by Step Flow

A walkthrough of what converting a sportsbook promotion actually looks like from the first click to the withdrawal, following the guided flow SmartStake renders for a promo you have started. Three steps, then a bet ladder that forks by promo type, and the four things that most often go wrong partway through.

Aug 10, 2026 · 10 min read

A small cluster of three overlapping dollar coins fanned in front of a chunky upright gauge dial, one coin tilting slightly forward
FundamentalsPromo Converter

How Many Sportsbooks Do You Need? Count Prices, Not Accounts

A setup guide for the three settings every betting tool reads from you: which sportsbooks are available where you live, how many of them you actually need, and what number belongs in the bankroll field. The count that matters is independent prices, not accounts.

Aug 9, 2026 · 10 min read

A balance scale with a coin resting on one raised pan and a small vault occupying the other lowered pan, arranged in a calm triangular grouping.
PromotionsPromo Converter

How to Choose a Hedge Book (and What a Bad One Costs)

The promo book is chosen for you by whoever is running the offer. The hedge book is the one standing decision you make, and its price is a multiplier on everything you ever convert.

Jun 20, 2025 · 9 min read

A rounded gift box with its lid lifting to reveal a single dollar coin rising out, a small upward arrow curving beside them
PromotionsPromo Converter

How to Convert a Sportsbook Promo: The Step by Step Flow

A walkthrough of what converting a sportsbook promotion actually looks like from the first click to the withdrawal, following the guided flow SmartStake renders for a promo you have started. Three steps, then a bet ladder that forks by promo type, and the four things that most often go wrong partway through.

Aug 10, 2026 · 10 min read

A small cluster of three overlapping dollar coins fanned in front of a chunky upright gauge dial, one coin tilting slightly forward
FundamentalsPromo Converter

How Many Sportsbooks Do You Need? Count Prices, Not Accounts

A setup guide for the three settings every betting tool reads from you: which sportsbooks are available where you live, how many of them you actually need, and what number belongs in the bankroll field. The count that matters is independent prices, not accounts.

Aug 9, 2026 · 10 min read

A balance scale with a coin resting on one raised pan and a small vault occupying the other lowered pan, arranged in a calm triangular grouping.
PromotionsPromo Converter

How to Choose a Hedge Book (and What a Bad One Costs)

The promo book is chosen for you by whoever is running the offer. The hedge book is the one standing decision you make, and its price is a multiplier on everything you ever convert.

Jun 20, 2025 · 9 min read