What is difference from a cash bonus to a freeplay bonus? Im guessing a 1k freeplay is better then a 500 cash?
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With a freeplay you are only paid the winnings from any bet made with it. Not the stake amount.
With a cash bonus it's just like betting with normal money. You are paid the winnings and get the stake amount back in your account.
Math wise a 1000 freeplay is worth more than a 500 cash bonus but only because it's possible to use it to take both sides in a group of parlayed matches and achieve around 70% guaranteed payout with it... so you would start with about 700 cash instead of 500 after doing that.
Lots of books wont let you do that with them though so in reality it's easier just to think of a 1000 freeplay as about equal to a 500 cash bonus..Comment -
There is also a freeplay calculator here that helps you maximize the value if hedging a straight bet at another book
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Personally, I'd always take the $1000 free play in preference to the $500 cash.
One factor often not factored into this decision is the rollover requirement.
The $500 bonus is generally not really cash as it will be conditional upon an ?x rollover.
But so too are any winnings from the free play.
So I like to take the freeplay and lose it but turn it into at least $850 cash at another book.
This is where an exchange is particularly useful. Frequently I manage to net 100% of the freeplay doing this.Comment -
So if I have a 1k freeplay. I place 10 different straight bets of $100 each. If I go 4-6, I'm left with $400ish and the bonus is now done? Besides rollover requirement?Comment -
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If you went 4-6 with -110 lines you have about $540
You need to read the rules carefully. They vary a lot.
Sometimes your rollover is calculated as Deposit Amount + Bonus Amount x Rollover Number
Sometimes it can be Deposit Amount + Winnings From The Freeplay x Rollover Number
Sometimes it can be whatever the greater of those two things.
If the bonus requires rolling over winnings from the freeplay then what Hareeba advised is the best way to tackle it..Comment -
My preferred means is in golf tournament markets but you can use any type.
I place the $1000 freeplay on a 10/1 chance. The bigger the odds the more likely it will lose.
Then I go to Betfair or Matchbook and lay (fade) the player at say 11/1, risking $10,000 to win $9,090.
Should the player lose I've got $9,090 (less commission) in cash in my exchange account. And no turnover requirement at the bookie.
Of course 10/1 chances sometimes do win. In that case I've blown the advantage of the bonus and am left with a hefty rollover to play out with the bookie. Not ideal!
I do appreciate that this is impractical for those who don't have access to an exchange or don't have $10,000 they can tie up for 4 days.Last edited by Hareeba!; 03-01-17, 04:47 PM.Comment -
Check the SBR Freeplay Value calculator here http://www.sportsbookreview.com/pick...ue-calculator/
Enter $1000 as the stake
Enter +1000 as the Freeplay line
Enter -1100 as the Hedge line
Result is a guaranteed $833 profit
BUT, and the big but is, you need $9,166.67 available in the other book to pay for a hedge that size.
The smaller the odds the less the hedge costs and the less you are guaranteed.
Thats the difference between cashing it out as a round robin of parlays at one book, which requires no extra money, and hedging it out at another book..Comment -
I really appreciate the information guys. Very helpful. Ill look into the exact rollover requirement and then go from there. I have 5dimes and Heritage as well so the golf thing could for me.Comment -
You deposit on jazzsports, getting 500 freeplay dollars for a 500 dollar deposit. Your other account is on heritage sports with a balance of 2000
You have an mlb game between Atl and SF, the line being ATL +300 SF -320
You wager 500 of free play on ATL +300
You wager 1,142.86 on heritage sports on SF -320
You are guarenteed to win 357 dollars of your free play.
If Atlanta win, you make 1500 on jazz sports on loss 1,142.86 on heritage for a profit of 357.14
If SF wins, you make 357.14 on heritage, without having to rollover the freeplay on jazz sportsComment -
Say your freeplay was at BetOnline
Right now in College Basketball they are offering Colgate +975 @ Lehigh -1500
So you would place your $1000 freeplay on Colgate at BetOnline with potential to win $9750 there if they win
Then you would look for the best price you can find to bet Lehigh at another book.
Right now Pinnacle have Colgate +894 @ Lehigh -1300
The to find out how much you need to bet, go to the Freeplay Value Calculator and enter;
$1000 as the Freeplay Size
+975 as the Freeplay line
-1300 as the Hedge line
Click calculate and you will see this
If you bet $9,053.57 on Lehigh at Pinnacle you will come out with a $696.43 guaranteed profit overall.
Honestly, maybe you are over thinking this all a bit much.
You can go and bet your freeplay on a two team parlay and come out with $1900 profit too.
All this is just theoretically what is worth more if you bet the FP for a sure win..Comment -
I think I overlooked a detail. Do books require that the full freeplay amount is used on one game? I had assumed its like SBR where you can pick the amount until its used up. Im a 50 bettor so I dont have the funds to cover a huge bet at two books. Most of my balances are 500-1000. Sorry to keep asking. I always given cash bonus so I never had to learn freeplay.
Two team parlay would be way to stressful for me. Thats 40x my normal win lolComment -
Some let you stake it as you want, some let you break it up into several equal parts and some want you to use it all at once.
Make sure you find ALL the bonus terms when you take one. There may be two places to look. The specific terms of the bonus you are looking at AND the standard bonus terms of the book..Comment -
Thanks for the replies. I swear this will be my last one. I looked into the FP house rules. I can bet in small amounts. I cant bet MLs on football, basketball or any golf. I am allowed MLs on MLB and Hockey so maybe I can use the strategy mentioned for MLB while using smaller amounts.
With all that being said, would you guys do 1k freeplay or 500 cash? It comes with a 20x RO for my FP. The cash bonus is 15x RO.Comment -
Wagerweb?
So is it 100% fp vs. 50% cash
If all free play needs to be rolled, not just winnings, you would need to roll:
1000 dep + 1000 fp * 20 = 40,000
40,000 bet at -110, around a negative 4.54% return = -1816
If you return 75% of free play, that would be negative -1066
1000 dep + 500 cash * 15 = 22500
22500 * .0454 = -1021 - 500 = -521Comment -
you could do that I suppose but NO BOOK will count those wagers towards any rollover requirements you need to fulfill. Its called cheating.
Same reason why casino bonuses won't count roulette for your bonus rollover. One could easily place equal amounts on both black and red. Again, cheating.Comment -
The RO requirement is based on my deposit amount. I bet 3-4 games at $50 each day so the requirement isnt so much my concern as ill be able to clear it under 60 days.
Seems like most would do the freeplay. Although none said for sure all of you leaned that way. I appreciate it.Comment -
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ya ok I kinda forgot that part about the 500 and 1000
Remember one thing. Its always the lowest amount that counts towards the rollover. Always in the books favor. So if you risk $100 free play to win $50, the $50 will count towards the RO. Likewise, if you risk $50 to win $100, the $50 again will count. Win or lose the wager.
good luckLast edited by DwightShrute; 03-02-17, 08:42 PM.Comment -
I don't know of any books out there that would allow you to use the FP they give you in a series of round-robin parlays to covert the FP to cash.Comment -
take the cash. it's you deposit 1000 to get 1000 fp or deposit 500 to 500 cash. if it was the same amounts 1000 to get 1000fp and 1000 to get 1000 cash or 500 to get 500 fp and 500 to get 500 cash then the free play might work in your advantage, because of the different rollover. if you can use free play in live betting it is a lot easier to make a bigger percentage of your free play amount betting both sides of the same game at different books. your fp bet on a large underdog works best. lots of choices to make more with free play but because it's 1000 to get 1000fp or 500 to get 500 cash, like i said --take the cash.Last edited by relaaxx; 03-02-17, 09:57 PM.Comment -
It was mentioned in Post #2 but in an effort to not confuse the OP was waiting to find out what bonus/book he was talking about before explaining the details of something that wasn't a good idea if the FP winnings were part of the rollover equation.
Some books allow it and no you dont get in trouble for it at the ones that do. They will generally be the ones that include freeplay in the rollover calculation.
And it;s not cheating like Dwight says, or taking advantage, at the books where it is allowed.
And before you ask me which books... I don't know anymore. No one has asked the question in a long time. Find the bonus you like and ask the book if you are allowed to bet both sides of the same game with it to find out, if you actually want to use this method. (and let us know what books you find that do allow it please).Comment -
Optional, are you saying there are actual online sportsbooks who will give you a bonus where you can bet it on separate outcomes of the same game in order to meet the rollover requirements? When I mean separate outcomes, I don't mean spread and Moneyline on the same team. I mean taking the Cavs -4 and the Hawks +4 when they are playing each other.Comment -
I never said a word about it counting for rollover or not.
But I have seen posts about books that allow the freeplay to be used this way. I'd guess the freeplay bet does not count toward rollover in those cases.
Someone above claims Bookmaker still allows it.
And btw, if you look back at the thread I have been suggesting he hedges it or just bets it as the best option..Comment -
ok just making sure. Ya of course you can bet both sides if you want but of course those wagers won't count towards the rollover requirements was all I was saying. In other words ... why do it then?
I only brought it up because I have seen a few guys try it over the years.
Have a great day.Comment -
In this case he might do it as the discussion was comparing the true value of a cash bonus against a freeplay of double the value. So you'd do it to realize $700 cash from the freeplay instead of taking the $500 cash bonus.
But in real life there probably isn't many top rated books where you can get a big freeplay bonus with those sort of terms, which is why I tried to get across that it was really just a theoretical value in post #2..Comment
