A promotion is held like a decaying asset and it is not one. The decay is a cliff. A face amount of 100 is worth 75.00 for every day the offer is live, and 0.00 from the deadline onward. There is no slope in between.
The figure behind that conversion is a prior — an assumed rate, here 75%, at which a bonus bet is turned into withdrawable cash. It is an input to the valuation, not a measurement of your account. Move the prior and the cliff gets taller or shorter. It never becomes a slope.
The value does not slide
Read the table downward. The holding is worth the same at 7 days out as at 1 day out. Then it is worth 0.00. Most write-ups describe a promotion as though time value bleeds out of it, so an old bonus is worth less than a fresh one. That is wrong in both directions. Nothing bleeds, and then everything goes at once.
| Days to deadline | Value | Flagged urgent |
|---|---|---|
| 7 | 75.00 | no |
| 3 | 75.00 | yes |
| 1 | 75.00 | yes |
| 0 | 0.00 | no |
Urgent is a flag, not a discount
At or inside 3 days, while it is still live, the holding is flagged urgent. The flag changes no value in the table. It changes the ordering of your week. A bonus converted at a poor rate today beats the same bonus converted at a good rate tomorrow whenever tomorrow falls past the deadline, because the alternative is 0.00 and any conversion clears that bar. Note that the expired row carries no flag. Urgency is for things that can still be saved.
The face amount is never true
The headline face amount is the one number about a promotion that is never true. A balance that reads 100 is worth 75.00 while it is live and 0.00 once it lapses. At no point in its life is it worth 100. That is the number in the advertisement and it is the number to leave out of your bankroll. Book the converted figure on the day the credit lands, and put the deadline next to it.