Now calculate find another game to wager this risk free bet, do your normal lay/back calculations, and return your profit. To figure out the exact value, imagine you already lost with draftkings and redeemed the risk free bet. When placing your lay and back bets and making payoffs equal, you need to account for the value of the risk free bet.ĭraftkings offers a $500 risk free bet essentially, they give you a $500 dollar bonus bet with 1x playthrough if you lose if the subsequent bonus bet wins, you will only get the winnings of the bonus. If you've taken a class on financial options you probably have a good idea of what to do. If you don't feel like dealing with that skip through to the easy way. There's a more complicated method, based off of valuation principles, which is valuable(get it) to understand. How do I use matched betting for risk free bets? But they can still be extremely profitable (albeit less so than normal bonuses) if extracted properly. Now 'risk free bets' are almost always far from risk free, and it's almost criminal that books use this term. If you're going to do matched betting in America, then you are going to need to know what to do when you come across a 'risk free bet' offer.Draftkings and fanduel, the US's biggest books, each offer 500 dollars in 'risk free bets' as intro offers.
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