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What I mean is that the only reason sports books give out free bets is with the hope/assumption that most people will just bet them with guesses or, even worse, parlays… If you look back to my 1st reply, I gave you a way to make a guaranteed 45% return on your $900
Okay, we will see how I do this week. I had 8 free $100 bets, and this is how I bet them. I used 6 of them to bet both sides of the over/under with a .5 in the score so their won't be any ties and voided bets. The other two $100 bets I used to bet on my favorite team, one for this week and one for the following week.
By the way, I had no trouble betting both sides of the over/under on the same sports book.
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Okay, I did better this week. I won all the bets possible, but since 3 of the bets were betting on both sides, I had to lose on 3. The other two bets I won as well. One was only a small bet with my own money, and the other one was a free $100 bet. Good thing I took the money line instead of the spread as I would of lost otherwise.
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MWP…your original question was whether or not betting both sides was stupid/allowed. As stated earlier, T&C usually prohibit this. So, either you violated T&C, or you didn’t. If you didn’t (rare), then have at it. If you did, then it’s just a matter of time before they catch it and restrict your account against any further promo/bonus use, or close your account altogether. Maybe you get your balance. If you’re ok with that, then fine. I was looking at it (and advising) from an advantage player perspective. I thought that’s what you wanted by posting here.
I agree, sort of, under the right circumstances. For me, maximizing EV is the right move when you are under the assumption that you will be able to repeat the event many times over to where EV and AV will eventually align (i.e., BJ hands). I don’t see sports betting free bets the same way. If I was given a one-time offer of a $100,000 free bet that I could either cash-out for $45K or must bet on a higher EV parlay, I take the guaranteed 45% AV all day. How would you play it?
Always a fun discussion among players: Heads you win $100K, tails you win nothing ... or, you can take a guaranteed $45K. Most people would take the $45K. But, heads you win $10, tails, nothing, or you can take a guaranteed $4.50, most people would say, what the hell, flip the coin!
So, it's a matter of what your personal utility function is and where you switch over from flipping to taking the guaranteed payout. Ask 100 people where that crossover point is, and you certainly will get a wide range of answers.
Don
No sports book is going to give you an offer like that. And if they did, they certainly wouldn't allow you to bet both sides. At the beginning of the NFL season I bet a 5K no-risk bet on a 2 leg parley and collected 13K+ in profit. Damn, didn't get a chance for that second bet For full disclosure, I did have several 1K risk-free bet offers that I also placed and lost. Got lucky hitting the big one.
For any real-life bet offers, I'd do it the same way again.
As I was writing this post, I included this: Curious to hear Don's take on it. But nopw that I hit the post button, I see he beat me to it with the CE discussion!
In a rare aligning of the planets, we’re all right..except MWP . Sure, one man’s $4.50 is another man’s $45K. And, 21, I did the same $1K and $5K risk free bets multiple times and took the guaranteed money every time with zero risk. Didn’t even have to watch the games. No screaming at the TV . Just needed time to pass. For me, I get enough variance and risk at the tables. I’ll take the free money while it lasts from the sports books. Good discussion!
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