9 Free $100 Sports Bets

[Midwest Player]

you're using free bets completely incorrectly and torching money in the process

Can you tell me what is the proper way to bet them? How would you bet 10 free $100 bets on football?

Hey, won my baseball bet tonight.

[Midwest Player]

I'm screwed on my Packers bet this week. I just found out Rogers has covid and that he lied about being vaccinated. Fans are pissed. He won't be playing in Sunday's game.
https://www.npr.org/sections/coronav...positive-covid

Well, if there is and good news, I just won another $1,000 free bet. I think I will bet it on tomorrows game.

[DSchles]

I'm screwed on my Packers bet this week. I just found out Rogers has covid and that he lied about being vaccinated. Fans are pissed. He won't be playing in Sunday's game.
https://www.npr.org/sections/coronav...positive-covid

Well, if there is and good news, I just won another $1,000 free bet. I think I will bet it on tomorrows game.

Explain to me why you feel compelled to make a bet on a Sunday NFL game so early in the week. Why wouldn't you wait until closer to game time?

Don

[21forme]

Explain to me why you feel compelled to make a bet on a Sunday NFL game so early in the week. Why wouldn't you wait until closer to game time?

Don

That's exactly what I was thinking, but you beat me to it.

[Midwest Player]

Explain to me why you feel compelled to make a bet on a Sunday NFL game so early in the week. Why wouldn't you wait until closer to game time?

Don

The free bets expire after 6 days. I had so many bets I had to go into the next week. Maybe all is not lost. Even though I have a $100 money line bet on the Packers at +120 (now +250), I also have a $100 bet at under 54 (now 48.5).

Anyway, did you watch the nail biter game last night. I had my $1,000 free bet on the Colts at +10.5 and thought I had it locked up with 5 minutes to go when the Jets scored and with minutes to go were on the 10 yard line about to score again. Fortunately, the pass was tipped and then intercepted. My win was saved.

After the game played some blackjack really fast to win another 10 free $100 bets before the 2:00 a.m. end of the promotion. $25,000 in play gets you the max of 10 free bets.

[Midwest Player]

Okay, all my free bets are made for this up coming week. I have a total of 15 free bets. Most are $100 with a couple of small ones in the pot also. I parlayed two of them.

[Midwest Player]

I'm not sure how many bets I won or lost for this week, but I did win one of my $100 parlay bets good for $330 and my other parlay bet is on tomorrows Chicago game, which is the only bet still remaining. Total win on my free bets for this week as of right now is a little over $950.

[Gronbog]

I'm not sure how many bets I won or lost for this week

You're not tracking your results?

[Midwest Player]

You're not tracking your results?

Of course, all the wins and losses are listed on the sports betting page. I have 36 wins (including one tie) and 41 losses and all but maybe 2 or 3 were comped free bets. About 12 of the bets were parlayed bets and they don't win as often. Speaking of parlayed bets I came ever so close to winning my parlayed bet on the Chicago game. I lost the bet with 52 seconds to go when the Steelers kicked a field goal. I had the other leg of the bet locked up. The $100 free bet would have paid something like $529 if I won the bet.

These legal online casinos track everything you do. Every blackjack hand is tracked to the second you play it, and you can drill down on the hand and see the actual cards that were dealt. Pretty scary.

[21forme]

You should be betting horseshoes where almost counts.

[Midwest Player]

I don't have any free bets as of right now for this up coming week. They tightened up their free bets promotion and offered it on roulette instead of blackjack, so I decided to pass on their promotion. Blackjack has about .5% house edge while roulette has about 5.26% house edge.

So here is the $100 free bet on roulette promotion. Play $1,000 on roulette and get a $100 free bet. At 5.26% house edge you will on average lose $52.60 on $1,000 play. The free bet is only worth around $90, and assuming you only win half of you free bets the free bet is only worth $45. So you are out $7.60. Does everyone agree with my calculation? You can parlay to get over $100 on you free bets, but they don't win as often. Anyway to make this promotion positive expected value?

[DSchles]

If you bet the even-money props in roulette, they pay, well, even money! You'll win them 18/38 of the time, so the $100 free bet is worth $47.37. You lose $52.63 on the $1,000 other bets, so the deficit is $5.26, as you would expect.

Don

[davethebuilder]

I don't have any free bets as of right now for this up coming week. They tightened up their free bets promotion and offered it on roulette instead of blackjack, so I decided to pass on their promotion. Blackjack has about .5% house edge while roulette has about 5.26% house edge.

So here is the $100 free bet on roulette promotion. Play $1,000 on roulette and get a $100 free bet. At 5.26% house edge you will on average lose $52.60 on $1,000 play. The free bet is only worth around $90, and assuming you only win half of you free bets the free bet is only worth $45. So you are out $7.60. Does everyone agree with my calculation? You can parlay to get over $100 on you free bets, but they don't win as often. Anyway to make this promotion positive expected value?

I'm not fully familiar with US promotions but if the free bet was in the form of a coupon then the value of that $100.00 coupon at a casino playing red or black on a double zero wheel is:
[(18/38 * 2) + (20/38 * -1)] * $100 = $42.11.