Intro to maximizing freeplays at sportsbooks

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  • poker_dummy101
    Restricted User
    • 11-03-08
    • 6395

    #1
    Intro to maximizing freeplays at sportsbooks
    I wrote this whole ****ing thing and then it erased.

    I think it is pretty well known around here how to maximize freeplays or atleast come close to maximizing. A simple search will do that for you. However, for all the new people signing up and getting freeplays through SBR, I thought I would show some examples how to use freeplays and which way is the best imo. Ofcourse, I am no genius at sportsbetting, so if I am wrong and/or messed up in a few areas (I'm sure I will) someone please correct me because we do have so many smart people here.

    For simplistic sake, lets say you just bought a $100 freeplay at the SBR store for BetPhoenix and you want to maximize your return to start a bankroll there. Here are a few options you might have:

    1.) Risking it big on parlays/teasers because this is a small amount and you want to hit it big. Remember, we are trying to get a bankroll started here, so lets throw this option out.

    2.) Risking the $100 on a football game. This will give you a return of $90 50% of the time if you are "guessing", so your return would be $45 per $100freeplay. If you think you can hit 60% in football on certain plays, your return will then 60% of $90, or $54 per $100 freeplay. Obviously variance and risk of ruin are way high here and we are trying to BUILD a bankroll.

    3.) Risking $100 on $10 bets on football games. The above holds true with less variance but lets give a for example:

    $10 bets to win $9 (throw out the .09 to make it simple). You have a great run and go 7-3. That is $9 won 7 times, or $63. Congrats, you had a great run, and got 63% of your freeplay.

    4.) Risking $100 on a 3 team parlay in which every team is involved. The key here is to find the lowest possible lines, i.e 10 cent lines. There are 8 combinations of 3 team parlays: 2^3 or:
    Team A vs Team B, Team A vs Team B, Team A vs Team B where the commas denote different games.
    The outcomes would either be: AAA, ABA, ABB, AAB, BBB, BBA, BAB, BAA.

    To put this is real perspective today for NHL games:
    Sharks -110 vs Rangers EV
    Kings +128 vs Stars -138
    Canucks +107 vs Oilers -117

    You would then parlay each of the above scenarios 8 times. Since you have $100, divide that by the number of games (8), and you get the amount you should risk each game, or $12.50

    Lets say you get unlucky tonight and all 3 favs win. You would be GUARANTEED $63.83. As in example 3, you went 7-3 and only got $63, this way, you are guaranteed that $63.

    Now, what if all 3 underdogs win? You would win $105.49
    Any amount to win is possible between $63- $105.

    You have absolutely no risk in number 4 and you are guaranteed $63. Why not start your bankroll like this? Even if you gamble up the money, its better to have the cash than the freeplay to start out.

    As I said before, I'm a noob and probably messed things up which someone can correct. I think it would help all the other people just starting up and is very common. Some people might get mad I posted this but it is plastered all over the forum (which is where I learned it. thank you SBR), I don't know why this post would make a difference. I am just showing it step by step.

    Now go win some money

    (Im not proofreading either since my second time typing this so deal with it )
  • stevek173
    BARRELED IN @ SBR!
    • 03-29-08
    • 27598

    #2
    Seems interesting to me,might try it.
    Comment
    • soxwin1917
      SBR MVP
      • 09-09-08
      • 1188

      #3
      Very interesting. Almost seems too good to be true....
      Comment
      • bradthebloke
        SBR MVP
        • 07-26-09
        • 3175

        #4
        seems interesting enough. now Im assuming because its such a low free play that the bookd wouldnt mind, but how do they react when you have a much bigger free play? do they cancel the wager? just curious.
        Comment
        • InTheHole
          SBR Posting Legend
          • 04-28-08
          • 15243

          #5
          Would you need multiple books for 4?
          Comment
          • TWEETS
            SBR MVP
            • 10-22-08
            • 2114

            #6
            I did option 4 at Betpho with my freeplay, CS said it was perfectly fine to do that.
            Comment
            • poker_dummy101
              Restricted User
              • 11-03-08
              • 6395

              #7
              You can do this at most reputable books including Betpho as Tweets just said.

              Guaranteed $63 tonight with a $100 freeplay and as much as $105 if all underdogs win. the $63 is JUST LIKE you going 7-3 with your freeplay money. You would want to do this with the cheapest lines possible.


              Now people send me 165 pts so I can do this
              Comment
              • LT Profits
                SBR Aristocracy
                • 10-27-06
                • 90963

                #8
                If you are allowed to use money lines for your free plays and have money at another book, the smart thing to do is use the free play on what you think is a hopeless money line dog and bet the favorite in that game for real money at the other book.

                Then again, people using that approach are now overfunded at one book and underfunded at another if they used Raiders/Eagles yesterday, but seriously, that was like a 1 in 30 occurrence.
                Comment
                • firedawg
                  BARRELED IN @ SBR!
                  • 10-08-08
                  • 39219

                  #9
                  im still trying to figure this out
                  Comment
                  • smitch124
                    SBR Posting Legend
                    • 05-19-08
                    • 12566

                    #10
                    Yes this is a pretty standard play if the books allow it, BetPho is not currently paying +600 on 3 teamers at -110 on the Free Play line set. I saw about +555.
                    Comment
                    • poker_dummy101
                      Restricted User
                      • 11-03-08
                      • 6395

                      #11
                      Originally posted by LT Profits
                      If you are allowed to use money lines for your free plays and have money at another book, the smart thing to do is use the free play on what you think is a hopeless money line dog and bet the favorite in that game for real money at the other book.

                      Then again, people using that approach are now overfunded at one book and underfunded at another if they used Raiders/Eagles yesterday, but seriously, that was like a 1 in 30 occurrence.
                      Yes, I was just talking about people wanting to build a bankroll out of their freeplay incase they wanted to:
                      Try the book
                      Have multiple books for shopping
                      Are broke and trying to maximize their money
                      Etc
                      Comment
                      • poker_dummy101
                        Restricted User
                        • 11-03-08
                        • 6395

                        #12
                        Originally posted by smitch124
                        BetPho is not currently paying +600 on 3 teamers at -110 on the Free Play line set. I saw about +555.

                        I'm not sure if I am answering the question right or not, but that is why you should use NHL ml?
                        Comment
                        • InTheHole
                          SBR Posting Legend
                          • 04-28-08
                          • 15243

                          #13
                          Originally posted by LT Profits
                          If you are allowed to use money lines for your free plays and have money at another book, the smart thing to do is use the free play on what you think is a hopeless money line dog and bet the favorite in that game for real money at the other book.

                          Then again, people using that approach are now overfunded at one book and underfunded at another if they used Raiders/Eagles yesterday, but seriously, that was like a 1 in 30 occurrence.
                          I use it on all those +200 PL plays...good enough for me
                          Comment
                          • smitch124
                            SBR Posting Legend
                            • 05-19-08
                            • 12566

                            #14
                            Originally posted by poker_dummy101
                            I'm not sure if I am answering the question right or not, but that is why you should use NHL ml?
                            Well if they are paying +555 for 3 -110 plays (full odds payout should be +600) then I would assume that parlays at other prices would be reduced as well. I think your prices may include that reduction too if you put them in, you can check on a parlay calculator. Its still worth doing, just an FYI since I did the same
                            Comment
                            • poker_dummy101
                              Restricted User
                              • 11-03-08
                              • 6395

                              #15
                              Originally posted by smitch124
                              Well if they are paying +555 for 3 -110 plays (full odds payout should be +600) then I would assume that parlays at other prices would be reduced as well. I think your prices may include that reduction too if you put them in, you can check on a parlay calculator. Its still worth doing, just an FYI since I did the same
                              I'm not getting what you are saying? Where are they not paying out 6:1 for you on -110 lines?

                              I just tried 3 random teams at -110 odds on Betpho and got 6:1. I recommended NHL because they are -105. Where are you only getting +555? Im confused and im sure overlooking something
                              Comment
                              • smitch124
                                SBR Posting Legend
                                • 05-19-08
                                • 12566

                                #16
                                #xxxxxxxx: Parlay (2009/10/13 20:56) (Free Play)
                                Boston College ( -2½ -110) W 138.73
                                Iowa ( +2½ -110)
                                Virginia ( -3½ -110)

                                Thats what I got on my $25 freeplay $138.73 (+555), if you're getting +600 godspeed, bet quick!
                                Comment
                                • poker_dummy101
                                  Restricted User
                                  • 11-03-08
                                  • 6395

                                  #17
                                  Originally posted by smitch124
                                  #xxxxxxxx: Parlay (2009/10/13 20:56) (Free Play)
                                  Boston College ( -2½ -110) W 138.73
                                  Iowa ( +2½ -110)
                                  Virginia ( -3½ -110)

                                  Thats what I got on my $25 freeplay $138.73 (+555), if you're getting +600 godspeed, bet quick!
                                  Wow thats crazy. I just looked at simple college football lines and Im getting 6:1 at all. I wonder if you abuse this they knock you down to +555, or maybe youre just sharp at parlays

                                  I never calculated the lines I used in my example, just used NHL because of the cheaper lines on the ML. If you did this with your freeplay, why not use NHL instead of NCAAF
                                  Comment
                                  • smitch124
                                    SBR Posting Legend
                                    • 05-19-08
                                    • 12566

                                    #18
                                    Ya see they have you on the good lineset, I don't have 10c NHL lines everything 20c. Just keep quiet and enjoy
                                    Comment
                                    • acarmelo1
                                      SBR Hall of Famer
                                      • 09-29-09
                                      • 6321

                                      #19
                                      very smart and clever option 4 I will do it when I get my free play
                                      Comment
                                      • poker_dummy101
                                        Restricted User
                                        • 11-03-08
                                        • 6395

                                        #20
                                        Originally posted by smitch124
                                        Ya see they have you on the good lineset, I don't have 10c NHL lines everything 20c. Just keep quiet and enjoy

                                        Comment
                                        • poker_dummy101
                                          Restricted User
                                          • 11-03-08
                                          • 6395

                                          #21
                                          thanks for the 5 points and nomination lou
                                          Comment
                                          • acarmelo1
                                            SBR Hall of Famer
                                            • 09-29-09
                                            • 6321

                                            #22
                                            But will they let me make a 5 team teaser withn the free play?
                                            Comment
                                            • poker_dummy101
                                              Restricted User
                                              • 11-03-08
                                              • 6395

                                              #23
                                              Originally posted by acarmelo1
                                              But will they let me make a 5 team teaser withn the free play?
                                              You're not allowed to do a 5team teaser. Why would you want to?
                                              Comment
                                              • acarmelo1
                                                SBR Hall of Famer
                                                • 09-29-09
                                                • 6321

                                                #24
                                                Originally posted by poker_dummy101
                                                You're not allowed to do a 5team teaser. Why would you want to?
                                                1.) Risking it big on parlays/teasers because this is a small amount and you want to hit it big. Remember, we are trying to get a bankroll started here, so lets throw this option out.

                                                Option 1

                                                I will do Option number 4
                                                Comment
                                                • poker_dummy101
                                                  Restricted User
                                                  • 11-03-08
                                                  • 6395

                                                  #25
                                                  Originally posted by acarmelo1
                                                  1.) Risking it big on parlays/teasers because this is a small amount and you want to hit it big. Remember, we are trying to get a bankroll started here, so lets throw this option out.

                                                  Option 1

                                                  I will do Option number 4
                                                  Good point. I guess "big" was the wrong word. I meant just throwing it all on 3 +200ML dogs or any random 3 team parlay etc etc

                                                  The hardest part is making sure you have all 8.

                                                  Good luck with your freeplay
                                                  Comment
                                                  • 20Four7
                                                    SBR Hall of Famer
                                                    • 04-08-07
                                                    • 6703

                                                    #26
                                                    Originally posted by LT Profits
                                                    If you are allowed to use money lines for your free plays and have money at another book, the smart thing to do is use the free play on what you think is a hopeless money line dog and bet the favorite in that game for real money at the other book.

                                                    Then again, people using that approach are now overfunded at one book and underfunded at another if they used Raiders/Eagles yesterday, but seriously, that was like a 1 in 30 occurrence.
                                                    LOL no I used the Jet's bills and now have 800 in a book I'd rather not have 800 in .... but that is life in the big city.
                                                    Comment
                                                    • 20Four7
                                                      SBR Hall of Famer
                                                      • 04-08-07
                                                      • 6703

                                                      #27
                                                      Whatever you do READ the free play rules. Some books will allow money lines, some will allow -200 to +200 some will allow parlays and teasers, some won't. Know what you can and cannot do before you get anywhere close to betting.
                                                      Comment
                                                      • acarmelo1
                                                        SBR Hall of Famer
                                                        • 09-29-09
                                                        • 6321

                                                        #28
                                                        I just need 300 points for my $100 freeplay with betpheonix
                                                        Comment
                                                        • firedawg
                                                          BARRELED IN @ SBR!
                                                          • 10-08-08
                                                          • 39219

                                                          #29
                                                          Originally posted by acarmelo1
                                                          I just need 300 points for my $100 freeplay with betpheonix
                                                          go bet in the points book. thats what i do. adds up fast
                                                          Comment
                                                          • poker_dummy101
                                                            Restricted User
                                                            • 11-03-08
                                                            • 6395

                                                            #30
                                                            Originally posted by acarmelo1
                                                            I just need 300 points for my $100 freeplay with betpheonix
                                                            You can do it with the 165pt $50 freeplay. Use 6.25 for each parlay though.
                                                            Comment
                                                            • poker_dummy101
                                                              Restricted User
                                                              • 11-03-08
                                                              • 6395

                                                              #31
                                                              Bump for late night crew
                                                              Comment
                                                              • mr. leisure
                                                                SBR Posting Legend
                                                                • 01-29-08
                                                                • 17507

                                                                #32
                                                                Good stuff poker,this what i do

                                                                4.) Risking $100 on a 3 team parlay in which every team is involved. The key here is to find the lowest possible lines, i.e 10 cent lines. There are 8 combinations of 3 team parlays: 2^3 or:
                                                                Team A vs Team B, Team A vs Team B, Team A vs Team B where the commas denote different games.
                                                                The outcomes would either be: AAA, ABA, ABB, AAB, BBB, BBA, BAB, BAA.
                                                                Comment
                                                                • clarkd32
                                                                  SBR Wise Guy
                                                                  • 09-15-06
                                                                  • 863

                                                                  #33
                                                                  good thread... another thing if you are trying to get a fixed amount is increase the wager slightly on the "all favorites" parlay and decrease the wager slightly on the "3 dogs"...
                                                                  Comment
                                                                  • rk9
                                                                    SBR High Roller
                                                                    • 08-24-09
                                                                    • 117

                                                                    #34
                                                                    I have heard of this but I thought quite a few books dont allow it?
                                                                    Comment
                                                                    • treece
                                                                      SBR Hall of Famer
                                                                      • 11-28-07
                                                                      • 6298

                                                                      #35
                                                                      Books don't like it.
                                                                      Comment
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