Thanks guys.
I think I am leaning towards the larger 'free play' bonus for the simple fact that once I have won the money, I can withdraw it right away. That whole rollover thing sucks.
Box, you are right, it really depends on how good you are. I understand what you are saying about not playing a favorite over -110.
However, if I play a favorite at -200 with the 'freeplay' bonus og $1,000 and I win, then I have won the $500, and I can withdraw it right away.
That seems like a better option than taking the $500 'cash' bonus and having to win on games that are -110.
That is the way I look at it. Just wanted to hear what others had to say.
Thanks again for the replies, I appreciate it.