CAESARS,NOW WILLIAM HILL OFFERING $5000 FREEBET (1x rollover)

**Wrongside** · 09-19-21, 06:38 PM

Originally posted by DontTailMe

This whole thing is the "bit you are concerned about"?

Fair enough, lol. Fixed it. ( using a new pad; haven't quite figured all the highlighting etc).

**cincy** · 09-30-21, 04:15 PM

I deposited $5000 for the promo and lost my $5000 first bet Sunday. It took 3 days before they added the $5000 free bet. I just wagered it on a parlay. They said there is no rollover so if I win I am gonna request winnings. Did anyone win on the freeplay and get a payout with no rollover?

**bobbyfk** · 09-30-21, 04:19 PM

Originally posted by The General

CAESARS SPORTSBOOK
Risk Free $5000 0802 – PROMOTION OFFICIAL RULES
Monday, August 2, 2021 – Thursday, September 30, 2021

The Caesars Sportsbook (“Caesars”) Risk Free $5000 0802 - promotion (the “Promotion”) will take place between 12:00AM local time on Monday, August 2, 2021, and 11:59PM local time on Thursday, September 30, 2021 (the “Promotion Period”).
This Promotion is only open to Patrons who have successfully opened a new Caesars Sportsbook Mobile or Online Account for the first time in the State of CO/IA/IN/MI/NJ/TN/VA/WV (“Caesars Account”), inclusive of automated or manual identification verification, during the Promotion Period. Caesars will determine the time of account opening based on an automatic system timestamp that is triggered when the account opening process is completed. For the avoidance of doubt, Patrons that have an existing Caesars Account or William Hill Account in a given state shall not be eligible to participate in this Promotion, even if they re-register during the Promotion Period within the same state.
Opening a Caesars Account is Free.
To be eligible for this Promotion, all patrons must be 21 or older, physically present in a State or Commonwealth where sports wagering is legal and Caesars is duly licensed, permitted or authorized to operate including, without limitation, the states of CO/IA/IN/MI/NJ/TN/VA/WV when wagering, and must register their Caesars Account using promo code ‘GORF’ during the Promotion Period, for the opportunity to earn Free Bets (“Eligible Patron(s)”).
Risk-Free Wager: Within 7 days of opening a Caesars Account, Eligible Patrons must place their first real money sports wager (“Qualifying Wager”) via the Caesars mobile app or desktop site to participate in this Promotion (“Participant(s)”). If their Qualifying Wager is graded as a Loss (defined below) by Caesars, the Participant will earn a one-time Free Bet token equal to the lessor of 1) The full value of the Qualifying Wager or 2) $5,000 (“Free Bet(s)”). A Qualifying Wager that returns $0.00 is defined as a loss (“Loss”).
Free Bets will be added to a Participant’s Caesars Account within three (3) business days after their Qualifying Wager is graded as a Loss by Caesars.
The maximum Free Bet per Participant in this Promotion is $5,000.

As usual no Nevada

**jjgold** · 09-30-21, 05:22 PM

Casesars knows 95% will not take offer therefore why it is offered

They are not dumb setting max so high good marketing but in reality most do not come close to it

Most gamblers not betting $5,000

**bleedblue** · 09-30-21, 05:58 PM

Originally posted by jjgold

Most gamblers not betting $5,000

Everyone except the wives, step fathers, neighbors, etc. of every promo grinder I know.

It infuriates me the stuff these guys get away with.

**Crusherrr** · 09-30-21, 06:23 PM

Originally posted by cincy

I deposited $5000 for the promo and lost my $5000 first bet Sunday. It took 3 days before they added the $5000 free bet. I just wagered it on a parlay. They said there is no rollover so if I win I am gonna request winnings. Did anyone win on the freeplay and get a payout with no rollover?

They do 3 days so people dont drive there place the bet, get the free bet, place it and go home. They want it to be residents of each state.

**Colonist** · 09-30-21, 07:15 PM

Originally posted by Crusherrr

They do 3 days so people dont drive there place the bet, get the free bet, place it and go home. They want it to be residents of each state.

Has anyone confirmed if, in fact, one person can do this in multiple states (CO/IA/IN/MI/NJ/TN/VA/WV)?

**Rabiddog33** · 09-30-21, 08:46 PM

Originally posted by Colonist

Has anyone confirmed if, in fact, one person can do this in multiple states (CO/IA/IN/MI/NJ/TN/VA/WV)?

On gambling with an edge podcast they talked about it. It sounds like at first you could but not now. It's in the episode with Captain Jack and Rufus Peabody the second one from a couple weeks ago.

**cincy** · 09-30-21, 08:50 PM

Yeah Caesars said promo only applies if you have not had another account in another state but I did not see any exclusion on other people in the same house signing up

**cincy** · 09-30-21, 11:48 PM

I see title of this thread mentions a 1x rollover but Caesars told me there is no rollover. I hit my parlay wager with the freebet and my account seems to show my balance is available for withdrawal. Did anyone get a withdrawal right after winning the freeplay wager? Will they tax the winnings if i request a withdrawal for more than my deposit. Also not sure if they charge any payout fees. Their website seems to show the max withdrawal is $5000 or contact them for larger amounts.

**kimwash78** · 09-30-21, 11:55 PM

Originally posted by cincy

I see title of this thread mentions a 1x rollover but Caesars told me there is no rollover. I hit my parlay wager with the freebet and my account seems to show my balance is available for withdrawal. Did anyone get a withdrawal right after winning the freeplay wager? Will they tax the winnings if i request a withdrawal for more than my deposit. Also not sure if they charge any payout fees. Their website seems to show the max withdrawal is $5000 or contact them for larger amounts.

Once you win on the freebet you can do a withdrawal. Obviously, when I put 1x rollover meaning you lose on initial bet you get a freebet in which you have to wager that one time. They do not charge payout fees on any option. I think it matters which wd option you use for max $5k, but I would ask them.

**cincy** · 10-01-21, 12:02 AM

thanks. i will request withdrawal and see how quickly they pay.

**james777** · 10-01-21, 01:16 PM

If a player wins say $5k and they don’t make any more bets during the year what tax forms are issued to that player?

**PharaohUB** · 10-01-21, 01:45 PM

Originally posted by cincy

thanks. i will request withdrawal and see how quickly they pay.

My experience Withdraw to PayPal is quick same day a couple hours. Withdraw online banking takes a couple days to hit bank

**jjgold** · 10-01-21, 01:51 PM

You could easily lose 5000

It’s not free money at all

**davethegambler** · 10-01-21, 04:50 PM

Originally posted by cincy

Yeah Caesars said promo only applies if you have not had another account in another state but I did not see any exclusion on other people in the same house signing up

Has anyone been able to confirm if you can sign up two people from the same household for this bonus?

**ABEHONEST** · 10-02-21, 09:29 AM

This is a very clever guy. Believe me.

Hmm, this message,somehow, missed the man I was complementing?
Wolfman, with the funny video.

**jjgold** · 10-02-21, 10:57 AM

no way to profit betting both sides on a risk free bet

Very easy to go 0-2 and lose 5,000

Find match offers only

**KS1986** · 10-02-21, 11:50 AM

Originally posted by jjgold

no way to profit betting both sides on a risk free bet

Very easy to go 0-2 and lose 5,000

Find match offers only

**DontTailMe** · 10-02-21, 03:43 PM

Originally posted by jjgold

no way to profit betting both sides on a risk free bet

Very easy to go 0-2 and lose 5,000

Find match offers only

This is not true. The % return is lower, but it would be profitable.

**jjgold** · 10-02-21, 03:55 PM

How??

If you lose the risk free bet your fukked even betting other side

The second bet free bet has to win or you cannot win money risk free

**DontTailMe** · 10-02-21, 04:37 PM

Originally posted by jjgold

How??

If you lose the risk free bet your fukked even betting other side

The second bet free bet has to win or you cannot win money risk free

You can't bet the other side of both???

Edit: Oh I see. You're probably thinking that you have to hedge 100% on the first bet. Just as with a free play, that would not be the correct mathematical approach. For example, if you had a $100 risk free bet, then you'd only want to put $77.32 on the other side, assuming you had -110/-110 odds.

I actually have a calculator for this, much like SBR's free play calculator. But I never use it because the ROI on such a play is so low that there are better strategies for them. But it is definitely profitable to hedge a risk free play. There's no question about that.

**jjgold** · 10-02-21, 05:32 PM

1st Bet Caesars these are approx say $1000 Risk Free Bet

$1000 Falcons +1.5 ..$1000 to win $900 Caesars

$500 to win $450 Wash -1.5 Bookmaker

Final Results Caesars Bet wins

+900-$500 Bookmaker bet

Total Win on Play +$400

Scenario 2

1st Bet Caesars these are approx say $1000 Risk Free Bet

$1000 Falcons +1.5 ..$1000 to win $900 Caesars

$500 to win $450 Wash -1.5 Bookmaker

Caesars Bet loses so your up $450 with one Free Bet at Caesars

Scenario 3

Caesars free bet loses -1000 but your still up $450 Bookmaker so your net loss is -$550

Scenario 4

The Free bet wins at Caesars $1000-$900..so you need up losing $100 at Caesars but still have the $450 bookmaker profit...end profit $350

So there is one scenario you lose money number 3

**PharaohUB** · 10-02-21, 06:03 PM

Originally posted by jjgold

no way to profit betting both sides on a risk free bet

Very easy to go 0-2 and lose 5,000

Find match offers only

Come on you know better.

**PharaohUB** · 10-02-21, 06:09 PM

Bet 5k at Caesar’s

Bet 3k on the other side at another book.

Scenario 1 - your Caesar’s bet wins you’re up 2k

Scenario 2 - your Caesar bet loses your down 2k. But now have a 5k free bet. You bet 3k on other side at another book. If Caesar’s wins you break even if the other books wins you’re up 1k.

No scenarios where you lose

Obviously better ways to maximize value of free bet but trying to dumb it down for those who can’t understand this is free money.

**DontTailMe** · 10-02-21, 06:49 PM

Originally posted by jjgold

1st Bet Caesars these are approx say $1000 Risk Free Bet

$1000 Falcons +1.5 ..$1000 to win $900 Caesars

$500 to win $450 Wash -1.5 Bookmaker

Final Results Caesars Bet wins

+900-$500 Bookmaker bet

Total Win on Play +$400

Scenario 2

1st Bet Caesars these are approx say $1000 Risk Free Bet

$1000 Falcons +1.5 ..$1000 to win $900 Caesars

$500 to win $450 Wash -1.5 Bookmaker

Caesars Bet loses so your up $450 with one Free Bet at Caesars

Scenario 3

Caesars free bet loses -1000 but your still up $450 Bookmaker so your net loss is -$550

Scenario 4

The Free bet wins at Caesars $1000-$900..so you need up losing $100 at Caesars but still have the $450 bookmaker profit...end profit $350

So there is one scenario you lose money number 3

Yup, I guessed correctly in my previous post. Your problems are two fold: (1) You aren't betting the correct amount in Bet #1, and (2) you aren't betting the other side on Bet #2.

If you correct for both of those issues, then any risk free bet is 100% profitable, even if the best odds the bookie allows you to bet on are -110. If they allow you to be on favorites, your % profit increases.

Using your example, and assuming you can only bet on -110 odds, the mathematically correct bet amounts would be:

Bet #1
Caesars: $1,000 to win $909.09
Bookmaker: $773.24 to win $702.95

Bet #2 (if necessary)
Caesars: $1,000 to win $909.09
Bookmaker: $476.19 to win $432.90

Profit in all scenarios = +$135.85

As I said before, there are better ways to use the risk free bet, but I just wanted to correct your false statement of it being impossible to guarantee profit from them.

**DontTailMe** · 10-02-21, 06:58 PM

Originally posted by PharaohUB

Bet 5k at Caesar’s

Bet 3k on the other side at another book.

Scenario 1 - your Caesar’s bet wins you’re up 2k

Scenario 2 - your Caesar bet loses your down 2k. But now have a 5k free bet. You bet 3k on other side at another book. If Caesar’s wins you break even if the other books wins you’re up 1k.

No scenarios where you lose

Obviously better ways to maximize value of free bet but trying to dumb it down for those who can’t understand this is free money.

Thanks. Someone gets it.

**agharah1** · 10-15-21, 03:14 PM

I have received the risk free bet from Caesars in more than one state. I don't know if they intended it or not. I usually grind risk-free bets against other sites' risk free bets, preferably if I can get a middle. I've also gotten betrivers $250 deposit bonus in more than one state, but they're really bad about verifying IDs.

**cincy** · 11-03-21, 11:51 AM

I did the $5000 risk free bet and my wife was about to signup for the same offer after Caesars confirmed this is acceptable but the offers seems to have been changed to $1001 risk free bet. If anyone know a website that has a special promo with Caesars for the $5000 risk free bet please let me know.

**jjgold** · 11-03-21, 11:53 AM

It seems like it’s 1000 now

**Waterstpub87** · 11-03-21, 12:10 PM

It's now a match it looks like. So 1,000 fp for a first bet of 1,000, whether win or loss.

**jjgold** · 11-03-21, 12:25 PM

Not bad offer take it

**lonegambler23** · 11-03-21, 12:39 PM

fanduel doing 1k free bet, dkings not doing any free bets, wish they did the 5k promo

**Ksherm** · 11-03-21, 03:24 PM

Its still $5k at Ceasars. Did it last weekend..

**cincy** · 11-03-21, 06:01 PM

Originally posted by Ksherm

Its still $5k at Ceasars. Did it last weekend..

It was available last weekend but ended 11/1. I chatted after waiting 2 hours like always for Caesars chat and they insist on the new $1001 promo. I asked them to check with management but they would not even agree on a $3000 risk free bet. Caesars service is bad.