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GWAE
GWAE
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Rigondeaux
July 24th, 2019 at 1:55:41 PM permalink
Whelp figured I would just make a thread for sports betting since I have a trillion questions.

PA just got online sports betting so I am trying to learn as much as I can about it.

One bonus that intrigues me is a futures bet that is available right now. If you make a $2000 future bet on Superbowl champ, every game your team wins in the regular season you earn a $200 bonus bet. Bonus bet has a 1x play through and you can cash out the bonus plus winnings. To me this seems like a pretty strong promotion but since I am very green on this I might be way off. Bet a team like the chiefs at +800 and you are more than likely going to get 12-13 $200 free bets. A disastrous season and you still get 8 or 9 bets.

https://nj.betamerica.com/nfl-betting-offers/
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SOOPOO
SOOPOO
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July 24th, 2019 at 2:14:42 PM permalink
Sorry.... But..... we can terminate this promotion for ANY reason..... whenever we want.... Means if they find out they are losing too much money...... you are out of luck!

But IF you were sure you would be paid.... Picking a good team that is expected to win 10 games .... EV of around $1900 with 1x play through..... -EV probably $200 on your futures bet. So my crude estimate is +EV $1700, IF I understand the T's and C's.....

If I just drive to Pa, around a little over an hour, can I do this?
GWAE
GWAE
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July 24th, 2019 at 2:27:13 PM permalink
Quote: SOOPOO

Sorry.... But..... we can terminate this promotion for ANY reason..... whenever we want.... Means if they find out they are losing too much money...... you are out of luck!

But IF you were sure you would be paid.... Picking a good team that is expected to win 10 games .... EV of around $1900 with 1x play through..... -EV probably $200 on your futures bet. So my crude estimate is +EV $1700, IF I understand the T's and C's.....

If I just drive to Pa, around a little over an hour, can I do this?



yes you can. you do not have to be a resident of PA, just in PA.
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GWAE
GWAE
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July 24th, 2019 at 2:30:16 PM permalink
Quote: SOOPOO

Sorry.... But..... we can terminate this promotion for ANY reason..... whenever we want.... Means if they find out they are losing too much money...... you are out of luck!

But IF you were sure you would be paid.... Picking a good team that is expected to win 10 games .... EV of around $1900 with 1x play through..... -EV probably $200 on your futures bet. So my crude estimate is +EV $1700, IF I understand the T's and C's.....

If I just drive to Pa, around a little over an hour, can I do this?



forgot to add, they are part of presque isle casino
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GWAE
GWAE
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July 24th, 2019 at 2:32:06 PM permalink
as Soopoo says, part of their terms.

General terms and conditions apply.
BetAmerica reserves the right to cancel, terminate, modify or suspend this/any promotion at any time and for any reason, including technical reasons such as but not limited to computer viruses, bugs, tampering or technical failure.
BetAmerica reserves all rights to withdraw or change this promotion at any time without notice.

If they cancel the promo I wonder if they would allow you out of the wager since it was part of the promo. What are the odds that they would actually cancel it? Guess that depends on how bad they are losing.
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Rigondeaux
Rigondeaux
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July 24th, 2019 at 2:47:27 PM permalink
Without examining or thinking much about it, that seems very good.

I would just pick whichever team has the highest wins total
AZDuffman
AZDuffman
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July 24th, 2019 at 2:51:51 PM permalink
Quote: GWAE

Whelp figured I would just make a thread for sports betting since I have a trillion questions.

PA just got online sports betting so I am trying to learn as much as I can about it.



Thanks for starting, was thinking about doing the same.

My discussion question is about the Run Line. So far best I can see is never use it on an underdog, IOW, lay but not take the points. And best to only use it to turn a favorite to a dog, IOW, never take > +101.

Seems about 1/3 of MLB games end in a 1 run difference, meaning 1 in 6 times you will get bit by winning but not covering.

Anyone else have thoughts?
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GWAE
GWAE
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July 24th, 2019 at 2:58:27 PM permalink
Quote: Rigondeaux

Without examining or thinking much about it, that seems very good.

I would just pick whichever team has the highest wins total



that is what I was thinking, something like the patriots whom are only +600 but you will probably end up with 14 free bets. Almost like free rolling the future bet for 12k
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AZDuffman
AZDuffman
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July 24th, 2019 at 3:06:09 PM permalink
Quote: GWAE

that is what I was thinking, something like the patriots whom are only +600 but you will probably end up with 14 free bets. Almost like free rolling the future bet for 12k



Minimum odds requirement -150? I can read that a few ways. Does that mean you cannot take the heavy favorite? Or does that mean you have to take the favorite? -180 is less than -150 so would lock out heavy favorites, OTOH, if they do not want you taking favorites does it mean a +120 bet is OK?
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GWAE
GWAE
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July 24th, 2019 at 3:09:05 PM permalink
Quote: AZDuffman

Minimum odds requirement -150? I can read that a few ways. Does that mean you cannot take the heavy favorite? Or does that mean you have to take the favorite? -180 is less than -150 so would lock out heavy favorites, OTOH, if they do not want you taking favorites does it mean a +120 bet is OK?



yes took me a bit to understand what they wanted. At first I was like oh crap cant do -108, but it is the other way. You can not do anything below -150 (or -200 for Rivers) So no heavy favorite -500. They have no problem with big underdog of +800
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