Thanks for that clarification on the formula for earning loyalty points.
If I am in the U.S. just betting point spreads at -110 (1.91) odds, with Bitcoin at $19,000 USD, I would earn 22.15 loyalty points by wagering $110 at -110 (1.91) odds.
.0058 BTC ($110 USD) * 10,000 * .382 (square root of 1.91 -1) = 22.15 loyalty points.
Each loyalty point is worth $1.10 USD with Bitcoin at $19,000 USD. (400 Loyalty points are worth .001 BTC or $19 USD with BTC at $19,000 USD)
So a $110 USD bet at -110 (1.91) odds releases $1.10 USD.
So, if I got it right this time, it's more like a 90x rollover. Still very high as bonuses go, but not the 200x times I estimated earlier.