Win Big And Have Fun At Betandyou, India’s Premier Casino Site For Gamers – Sportsbooks like to entice customers with the promise of a full refund when they lose their bet. In fact, the so-called “Risk Free” promotion is now a common first bet registration bonus among bookmakers, offering a popular deposit replacement match and free bets.
The problem is that the term “Peri Free” is actually a bit of a lie, as the better participants will be risking the promotion. How much? Well the odds are set based on promotion and location.
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In this post, we’ll explain the nuts and bolts of risk-free betting promotions, and why you finally want to embrace the volatility when you’re looking.
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In general, sportsbooks define a risk free bet as a promotion where the bet money will be returned to your account if the bet loses. The betting site will likely return funds in the form of a site credit, so always check the terms and conditions, as it offers various risks for free (more below).
If there is one common thread between all risk free bet promotions, it is this: If the bet wins, the promotion never ends. You have nothing, or you have nothing beyond your usual earnings.
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This is the main reason sportsbooks prefer risk-free promotions over traditional betting. In this case, the free bet wins regardless of the result of the first spouse, and it means that the book loses more money. If you haven’t noticed, bookies hate losing money.
So if you see a book offering “Peri Free Bet Up to $1,000”, it only means that if you lose, you will get the amount of the initial bet for cash, and if you win, the book. decided that it was not worth anything extra.
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In addition to the general guarantee that this promotion is free of risks, there is an additional fine print that you must follow, and the terms and conditions vary from book to book. It’s important to read every word and how EV touches you.
So with that in mind, let’s take a quick walk through the weeds that are risk-free betting promo T&Cs.
There are five questions you want to ask before choosing a risk-free betting promo, and they all relate to understanding the risk-free betting conditions of each sportsbook:
Tomorrow is free time to drink just outside. In this scenario, the book will give you the amount of the loss, and you will use it for another betting series (or series of bets). If you lose, you technically don’t lose anything else, since you’re at home.
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But, if you win, you will have to return to your home. So if you bet $100 on the NFL at -110 and you win, your balance will be $454.55, and you’ll still be down $45.45 on your initial deposit. Are you beginning to understand why books are such promo vehicles?
Not all books provide this guarantee. For example, FanDuel Sportsbook cashback comes out as a sportsbook credit site that can be used for similar money, with the only condition that you have to bet 1x the money before leaving. Both stakes and winnings are returned to successful bets. This mission is clearly more useful than better.
It is important to know how you can use the refund. In the coming out of the book to add faith, you usually have the prominence of freedom. It should be your responsibility how you spend your money.
That freedom was taken away when the percentage was kicked as a free bet. Most of you will be forced to “risk” the whole sum at once, which is quite different from the “risk free” marketing verbiage used for this promo vehicle.
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Sometimes there will be free bets in addition. BetMGM does this by rewarding bettors with five free bets, each representing a 20% loss of the initial bet.
Ideally, you want to bet the maximum that the book is willing to refund, not another penny. If the promo reads “Risk Free bet up to $1,000”, then the bankroll allows you to bet $1,000.
Of course, if you only have a $1,000 sports betting bankroll, it would be wiser to use only a portion of the entry offer. You’ll send a ton of upside, but you’ll also save money by keeping your expectations positive. Or, just bet on another book until you have the spine to take advantage of the really liquid sign-up bonus.
If you are planning a cheap promotion, be aware of the minimum eligibility bet requirements. Pay less than $20 or $50 to not qualify for promotion.
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Note: The amount of books you want to refund as part of the sign-up bonus can range from $100 to $5000 (Caesar).
One last point: Don’t assume that if you deposit $1,000 and lose 10 $100 bets, you’ll have all your money. Most of the time only the first bet will count towards the promotion.
It’s not a common book that can limit players’ betting accounts, but it’s definitely something worth keeping tabs on. It is not possible that, in the two-year period, the book will force the player to use the initial bet and / or free bet in the 3+ leg paralysis game? The way the US sports betting industry is shaping up is certainly not.
Generally, the book will only accept bets at certain minimum odds, usually -200 or more. In other words, bets of -200, -150, +100, and +1000 are accepted, but bets of -250 odds are not.
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This is a confusing caveat, because for this type of promo, it is actually in your best interest to place a long bet. Then more.
If something happens where the book only allows promotional bets on favorites, it’s probably better to move on to the next promo.
As a sign-up bonus, once you make your initial deposit, the clock starts ticking. It may be 30 days, as three, but at some point, not eligible for free bets. And even if you can make a suitable bet in time, the free bet usually has its own deadline. Reading here is not funny.
One point is important, and this relates to our discussion of the eligible bet (Point #4): Some books require that the bet be placed within a certain time frame (again, maybe 3 days, maybe 30). to be considered. This mainly affects future bets, which cannot be made for months.
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If you want $000 in the Sharks to win the Super Bowl, and only in July, you can find that the free balance inside reads $0 come February – and not because the Sharks lifted the Lombardi Trophy.
The key to maximizing your EV with a bet promotion is to place risk-free bets, and not just in early bets, but (usually) in free bets as well. In this sense, it is not possible to turn away the reasons for the risk, that is why we break.
First, you need a plan for an initial risk-free bet. If the bet doesn’t win, you need a plan to get your money (or more) back with free bets or credit sites.
The goal with risk free betting is to increase your free bet chances, without sacrificing EV. Remember that the only way to win a free bet is to lose, as your favorite bet has submitted the odds. This way you will have to pay out the prince if your bet wins or you will get the amount of the bet back to you.
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You can use an odds calculator to find the given item or use the equation below:
Let’s say you want to make a bet with odds of -400. For the purposes of this exercise we will not use any vig. The given sentences are (400) / (400 + 100) * 100 = 80%. You have an 80% chance of winning, and the return on a $500 bet will be $625 ($500 stake plus $125 in winnings). So 80% of the time you win $125, the other 20% you lose $500. Adding these two scenarios together gives your EV;
No big surprise here, for we are a free-standing VIG line. The major point is that in this scenario, you will only receive free bets 20% of the time.
Now, flip the script and place a bet on the big dog +600. Here, the given probability of winning is 100/(600 + 100) * 100 = 14.29%, and our EV is still … . We don’t have any EV compared to the -400 bet, but instead of a 20% chance to block the free bet, we now have an almost 86% chance.
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