// Earnings Report

FEBRUARY 2026
$2,147

Every dollar I pulled from promos last month, broken down by method. Some of this was easy money. Some of it was a grind. Here's the full picture.

Published: March 5, 2026

February was a short month and I was traveling for a week of it, so this number is lower than January's $2,840. I'm not mad about it. $2,147 for maybe 6 hours of actual work across the whole month is hard to complain about.

Quick note on how I track this: I log every redemption, every free bet conversion, and every bonus cashout in a spreadsheet. The number you see here is net profit after accounting for qualifying losses on matched bets and any deposits I made for bonus churning. This is real take-home, not gross handle.

BREAKDOWN BY METHOD

Sweepstakes Daily Bonuses $312.50
Matched Betting (Free Bets) $891.00
Casino Deposit Matches (+EV) $624.00
Prediction Arb $187.50
Bonus Churning (Reload Offers) $132.00
Total Net Profit $2,147.00

Matched betting carried the month again. That's been the case every month since I started tracking. The free bet conversions from DraftKings and FanDuel alone were worth $480. BetMGM's reload promo added another $215. The rest came from smaller books.

SWEEPSTAKES: $312.50

This is the autopilot money. Beat the Spin handles the daily claims on 8 sites for me. I log in maybe twice a week to check balances and submit redemptions. February's haul broke down like this:

Chumba Casino $85.00
Stake.us $62.50
WOW Vegas $55.00
Pulsz $42.00
Fortune Coins $35.00
Others (3 sites) $33.00

Chumba is still the best sweepstakes site for pure bonus extraction. Their daily login bonus is worth more than most other sites combined, and redemptions process in 3-5 business days. I never have issues with them.

Stake.us had a good month because they ran a Valentine's Day promo that doubled the daily SC for a week. That kind of thing is hard to predict but easy to capture if you're already claiming daily.

I dropped two A1 Development sites (Funrize and NoLimitCoins) from my rotation after writing the investigation. The $25 lifetime cap on free-play redemptions makes them not worth the time.

MATCHED BETTING: $891

This is where the real money is, and it's also where I spent the most time. Maybe 3 hours total across the month, spread out over 8-10 sessions.

The big wins this month came from three sources:

DraftKings "Bet $5, Get $200" reload
This one comes around every few months for existing users. Place a $5 qualifying bet, eat the small loss on the hedge, get $200 in free bets. I converted the free bets at about 72% using +240/-250 lines on NBA games. Net: $136.
FanDuel $150 bonus bet (Super Bowl promo)
The Super Bowl promos were generous this year. FanDuel gave existing users $150 in bonus bets for placing any $25 wager on the game. Converted at 70%. Net: $97.
BetMGM $1,500 first bet (P2 account)
My partner signed up with BetMGM this month. The $1,500 first bet offer is their standard welcome promo. We placed the qualifying bet on an NBA moneyline, lost it (which triggers the bonus bets), and converted the $1,500 in bonus bets at 73% over the next week. Net after qualifying loss: $215.

The remaining $443 came from smaller conversions across Caesars, BetRivers, and a few state-specific books. Nothing exciting individually, but it adds up.

One thing I want to be honest about: February was a good month for matched betting because of the Super Bowl. Almost every book ran a promo. March will probably be quieter. I'll report whatever the number is.

CASINO +EV: $624

This is the most volatile category. Casino deposit matches are positive expected value, but you can absolutely have losing months. January I made $1,100 here. December I lost $200. Over time it trends toward the EV, but any single month can swing hard.

February went well. I hit two deposit matches:

BetMGM Casino $1,000 deposit match (25x wagering)
Deposited $1,000, received $1,000 bonus. Played through the 25x wagering requirement ($25,000 total) on blackjack at 100% contribution. Expected loss on wagering: about $125 (0.5% edge x $25,000). Actual result: finished $412 up after a hot run. Net including the bonus: $412. I got lucky here. The EV was closer to +$375.
Caesars Casino $500 deposit match (15x wagering)
Lower wagering requirement made this one cleaner. $500 match, $7,500 wagering on blackjack. Expected loss: ~$37. Actual: lost $88 during wagering. Net: $212. Slightly below EV but still solidly profitable.

If you're new to casino +EV, start with the full guide. The math works, but you need to be comfortable with variance. Don't play with money you can't afford to see swing.

PREDICTION ARB + CHURNING: $319.50

Prediction arb ($187.50) came from three trades on Polymarket vs. Kalshi. The spreads have been tightening over the past few months as more people catch on, so the opportunities are smaller and less frequent. I found a 4.2% spread on an interest rate decision, a 3.1% spread on a cabinet confirmation, and a 2.8% spread on a GDP estimate. All three resolved in my favor, but that's how arb works -- they all should.

Bonus churning ($132) was two reload offers from DraftKings Casino and one from FanDuel Casino. These are getting harder to find. The books are tightening their promo targeting, which makes sense from their perspective. The window on easy churning money is slowly closing, and I expect this category to shrink over the next 6-12 months.

TIME INVESTMENT

I tracked my time loosely this month. Here's the rough breakdown:

Sweepstakes (checking + redeeming) ~30 min
Matched betting (finding + placing bets) ~3 hrs
Casino deposit matches ~1.5 hrs
Prediction arb (monitoring + executing) ~45 min
Bonus churning ~15 min
Total time ~6 hours

That works out to about $358/hour. Obviously that's not a real hourly rate because the income isn't consistent and there's variance, but it gives you a sense of the time-to-reward ratio. Sweepstakes has the best ratio by far because Beat the Spin handles the daily claiming. Matched betting takes more active work but pays the most.

MARCH OUTLOOK

March Madness should bring a wave of sportsbook promos, so I expect matched betting to stay strong. Casino deposit matches tend to be quieter in Q1, so that number might dip. Sweepstakes will be about the same -- it always is, which is the nice thing about it.

I'm also testing two new sweepstakes sites that launched in February. If they're worth adding to the rotation, I'll include them in next month's report.

If you want to get started with any of these methods, the matched betting guide is the best place to begin. It has the highest floor and lowest variance of anything I do.

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