SOOPOO
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January 18th, 2022 at 4:22:17 PM permalink
Just signed up for Caesars NY. Deal was deposit $3k, they give me $300 immediately before I even make a deposit, then match up to $3k deposit. So I made deposit. Checked account. Total is now $6300. Second offer was make $100 bet and get a free NBA jersey.

I had a question and tried the two ways they said I could contact them. Online chat…. they said not working…. Phone number…. No one answers.

Here is my question which even after scouring the T’s and C’s is still not clear to me. They said if I have cash and free bet money ( which I do, $300) that bets are made with cash before the free bet money is used.

So do I have to bet all $6.3k at once to access that last $300? Or if I just play through the $6k once I then will be able to bet that free $300?

Not sure if this is just for this sign up period, but there are a bunch of other offers…. $10 if you make any $25 parlay bet, better odds on certain player prop parlays, etc…
Mission146
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January 19th, 2022 at 7:13:50 AM permalink
I'd honestly be hesitant to advise on your question because it could vary from state-to-state and could also vary based on which agent you speak to if you ever do get ahold of them. Personally, I would keep trying the online chat off-and-on for a few days until it finally works and then make sure to get an E-Mail transcript so they can be held to whatever they say.

In my experience, which is only PA and NJ, Caesars is the absolute worst online casino when it comes to both payment processing and customer service. This statement reflects my opinion only, does not necessarily represent the views of this site and is a statement based on my limited experiences with them.

That said, I don't think there's any situation where you would have to do it all as one bet, as I understand the terms. The $300 might need to be all as one bet, but I am almost positive the other bonus would not have to be and seriously doubt even the $300 would have to be.

They do have some Terms & Conditions vis-a-vis the perception of, "Bonus Abuse," which is in their sole discretion to decide, so I would NOT recommend doing the smaller promotions (such as those mentioned in the end of your post) simultaneously with playing on bonus funds. The smaller promotions will likely still be available even after you have played through the bonus funds, and your original deposit, if that is necessary. Most of the online sportsbooks have those kind of smaller recurring promotions that can be played if/until they cut you off from those or from the site altogether.

Once you have played through your bonus funds (and deposit, if needed) my recommendation is to withdraw everything and do not make any new deposits until you have the entire balance that you attempted to withdraw in your possession. When you do play the smaller promotions, I would recommend only keeping a small amount of money on the site or, since deposits are credited almost instantly, only depositing exactly what is needed to do the promotion in question.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
SOOPOO
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January 19th, 2022 at 7:45:55 AM permalink
Thanks Mission. The only thing I can tell for sure is that I will not have to play the $300 bonus all at once. They gave an example of a bet that included deposited money and bonus funds, with the bonus funds being used above the remaining deposited funds balance.

Another question…. Is your Caesars sports book account linked with your Total Rewards Account in any way? Since over time I expect to likely be your usual negative EV bettor, if I can get some points out of it that would be good.

Edit. I found some FAQ’s. It says the bonus cash must be used within 7 days! So I’ll be making 60 or so $100 bets by Sunday. Go ManU! Iowa crush Rutgers! Go Nets! I’m already 1 for 1 taking Knicks +3 last night to get free jersey as well!
Mission146
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January 19th, 2022 at 7:55:15 AM permalink
Quote: SOOPOO

Thanks Mission. The only thing I can tell for sure is that I will not have to play the $300 bonus all at once. They gave an example of a bet that included deposited money and bonus funds, with the bonus funds being used above the remaining deposited funds balance.

Another question…. Is your Caesars sports book account linked with your Total Rewards Account in any way? Since over time I expect to likely be your usual negative EV bettor, if I can get some points out of it that would be good.
link to original post



The answer to your follow-up question appears to be yes, and, recommended reading:

https://www.caesarscasino.com/p/loyalty/

https://www.caesarscasino.com/p/online-total-rewards-policy/
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
SOOPOO
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January 19th, 2022 at 8:01:10 AM permalink
Quote: Mission146

Quote: SOOPOO

Thanks Mission. The only thing I can tell for sure is that I will not have to play the $300 bonus all at once. They gave an example of a bet that included deposited money and bonus funds, with the bonus funds being used above the remaining deposited funds balance.

Another question…. Is your Caesars sports book account linked with your Total Rewards Account in any way? Since over time I expect to likely be your usual negative EV bettor, if I can get some points out of it that would be good.
link to original post



The answer to your follow-up question appears to be yes, and, recommended reading:

https://www.caesarscasino.com/p/loyalty/

https://www.caesarscasino.com/p/online-total-rewards-policy/
link to original post



Thanks. Your link is specifically for New Jersey members (I think?). I guess I will email Caesars to ask them if I can do it for my NY account.
Mission146
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January 19th, 2022 at 8:33:48 AM permalink
Quote: SOOPOO



Thanks. Your link is specifically for New Jersey members (I think?). I guess I will email Caesars to ask them if I can do it for my NY account.
link to original post



Is it? Caesars Rewards is a national program, so even if true, I don't think it would matter in terms of Reward points earning.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
SOOPOO
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January 19th, 2022 at 10:41:41 AM permalink
Quote: Mission146

Quote: SOOPOO



Thanks. Your link is specifically for New Jersey members (I think?). I guess I will email Caesars to ask them if I can do it for my NY account.
link to original post



Is it? Caesars Rewards is a national program, so even if true, I don't think it would matter in terms of Reward points earning.
link to original post

. It’s possible you are correct. But likely not. The ap specifically says ‘New Jersey’ on it. Different states certainly regulate what these sportsbooks can and cannot do differently.

So I sent an email asking ‘Can I link my longstanding Total Rewards account t with my new online Sportsbook account?’

I received a speedy reply….. detailing the rules for using my bonus money! Like that is the only question anyone asks…
Mission146
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January 19th, 2022 at 10:51:31 AM permalink
So, what did the rules end up being? I should imagine LilRedRooster might want to know.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
SOOPOO
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January 19th, 2022 at 11:18:31 AM permalink
Quote: Mission146

So, what did the rules end up being? I should imagine LilRedRooster might want to know.
link to original post



Still not unambiguous. But I’m going with I have to bet $6300 (I don’t think pushes count, by the way!) and then I am free to withdraw all of the money.

So my son was going to do the same thing. Apparently Caesars uses a third party to ACH the money from your bank to them. This third party uses ‘an algorithm’ to determine how much money can be moved in a day. He called his bank which said they have no limit on his account. Apparently his limit is only $500! He has a decent job, pays a monthly mortgage, has no other debt, and has a decent multiple of the $3k he wanted to transfer in his bank account. I think the company is called Trustly. He somehow found out my daily limit is $7k.

I’ll know more about ‘unlocking’ my $300 bonus after tonight as I’ve bet more than that today.
Mission146
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January 19th, 2022 at 11:37:54 AM permalink
Quote: SOOPOO

Quote: Mission146

So, what did the rules end up being? I should imagine LilRedRooster might want to know.
link to original post



Still not unambiguous. But I’m going with I have to bet $6300 (I don’t think pushes count, by the way!) and then I am free to withdraw all of the money.

So my son was going to do the same thing. Apparently Caesars uses a third party to ACH the money from your bank to them. This third party uses ‘an algorithm’ to determine how much money can be moved in a day. He called his bank which said they have no limit on his account. Apparently his limit is only $500! He has a decent job, pays a monthly mortgage, has no other debt, and has a decent multiple of the $3k he wanted to transfer in his bank account. I think the company is called Trustly. He somehow found out my daily limit is $7k.

I’ll know more about ‘unlocking’ my $300 bonus after tonight as I’ve bet more than that today.
link to original post



I would recommend against your son offsetting your bets if both of you are using Caesars. If you look up the thread LRR made yesterday (I think, maybe it was the day before) you can find a way to use the bonus money and a physical sports book to guarantee profits by modifying what I said. Obviously, these guaranteed profits will be less than they would if you didn't have to also bet the original deposit, but guaranteed profits nonetheless. Feel free to PM me for assistance if you like.

Is PayPal an option for him to make his deposit?
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
SOOPOO
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January 19th, 2022 at 12:14:09 PM permalink
Quote: Mission146

Quote: SOOPOO

Quote: Mission146

So, what did the rules end up being? I should imagine LilRedRooster might want to know.
link to original post



Still not unambiguous. But I’m going with I have to bet $6300 (I don’t think pushes count, by the way!) and then I am free to withdraw all of the money.

So my son was going to do the same thing. Apparently Caesars uses a third party to ACH the money from your bank to them. This third party uses ‘an algorithm’ to determine how much money can be moved in a day. He called his bank which said they have no limit on his account. Apparently his limit is only $500! He has a decent job, pays a monthly mortgage, has no other debt, and has a decent multiple of the $3k he wanted to transfer in his bank account. I think the company is called Trustly. He somehow found out my daily limit is $7k.

I’ll know more about ‘unlocking’ my $300 bonus after tonight as I’ve bet more than that today.
link to original post



I would recommend against your son offsetting your bets if both of you are using Caesars. If you look up the thread LRR made yesterday (I think, maybe it was the day before) you can find a way to use the bonus money and a physical sports book to guarantee profits by modifying what I said. Obviously, these guaranteed profits will be less than they would if you didn't have to also bet the original deposit, but guaranteed profits nonetheless. Feel free to PM me for assistance if you like.

Is PayPal an option for him to make his deposit?
link to original post



We are not offsetting to eliminate variance. Once I explained to him how low the variance would be if he made 60 $110 dollar bets (as an example) at -110, and showed him how many SDs away from average he’d have to be to actually lose money he decided to just do that. He uses Venmo, not PayPal. So as of this moment he is limited to the $500 deposit. He is still investigating other options.

By the way, apparently my account IS linked to my Total Rewards account. I have around 5000 credits from Credit Card, and they showed up on a page showing me as a Gold member (lowest level..). It also specifically mentioned how many credits were from online (Zero). I’m not sure if it is now linked because of the email I sent, or if it was always linked and I just didn’t know it!
Mission146
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January 19th, 2022 at 12:27:45 PM permalink
Quote: SOOPOO



We are not offsetting to eliminate variance. Once I explained to him how low the variance would be if he made 60 $110 dollar bets (as an example) at -110, and showed him how many SDs away from average he’d have to be to actually lose money he decided to just do that. He uses Venmo, not PayPal. So as of this moment he is limited to the $500 deposit. He is still investigating other options.

By the way, apparently my account IS linked to my Total Rewards account. I have around 5000 credits from Credit Card, and they showed up on a page showing me as a Gold member (lowest level..). It also specifically mentioned how many credits were from online (Zero). I’m not sure if it is now linked because of the email I sent, or if it was always linked and I just didn’t know it!
link to original post



Let him know he should investigate them quickly. As I discovered when reading the T&C's yesterday, the first deposit that will be matched must be made within three days of creating his account, but perhaps he can get an extension if he explains the situation in Live Chat. He would want to make sure to get an E-Mail transcript of the conversation, naturally.

As far as the mechanism by which your account got linked, I couldn't even hazard a guess. I would imagine that it would be possible for online to cross-reference with TR if the relevant information (ex. DOB, full name, address) is all the same.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
SOOPOO
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January 19th, 2022 at 1:06:07 PM permalink
Quote: Mission146

Quote: SOOPOO



We are not offsetting to eliminate variance. Once I explained to him how low the variance would be if he made 60 $110 dollar bets (as an example) at -110, and showed him how many SDs away from average he’d have to be to actually lose money he decided to just do that. He uses Venmo, not PayPal. So as of this moment he is limited to the $500 deposit. He is still investigating other options.

By the way, apparently my account IS linked to my Total Rewards account. I have around 5000 credits from Credit Card, and they showed up on a page showing me as a Gold member (lowest level..). It also specifically mentioned how many credits were from online (Zero). I’m not sure if it is now linked because of the email I sent, or if it was always linked and I just didn’t know it!
link to original post



Let him know he should investigate them quickly. As I discovered when reading the T&C's yesterday, the first deposit that will be matched must be made within three days of creating his account, but perhaps he can get an extension if he explains the situation in Live Chat. He would want to make sure to get an E-Mail transcript of the conversation, naturally.

As far as the mechanism by which your account got linked, I couldn't even hazard a guess. I would imagine that it would be possible for online to cross-reference with TR if the relevant information (ex. DOB, full name, address) is all the same.
link to original post



Right after you said you couldn’t hazard a guess…. you did! I agree with your hypothesis. I have tried the Live Chat feature, which does not exist yet! Nor does anyone answer their phone!
SOOPOO
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January 20th, 2022 at 9:16:53 AM permalink
I made around 70 bets this morning to use all my money and all the bonus money as well. As we speak, my account balance is zero. At the end of the day I will have between $0 and $12,000 in my account. And (I think!) I would be eligible to withdraw it all. I believe the EV of the bets I made is around $6k, maybe a little less as I made some generally silly parlays that are why they want me as a customer. I even bet on a soccer game ending in a tie, since most seem to end nil nil. I even have a bet on Sabres to win by exactly one goal. As if Sabres to just win isn't enough!

Assuming I'm happy with how this works out, I will move on to bet MGM ap next.
odiousgambit
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January 20th, 2022 at 11:30:44 AM permalink
I would definitely wait and see just how happy you are with the withdrawal process before moving on to another site
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
SOOPOO
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January 20th, 2022 at 2:05:55 PM permalink
Quote: odiousgambit

I would definitely wait and see just how happy you are with the withdrawal process before moving on to another site
link to original post



I plan on opening up on multiple sites to get these great initial offers. I don't plan on even trying to withdraw from Caesars for a little while. I was lucky and won on my first two bets today... The Northern Florida Ospreys covered against FSU ($220 won $200) and they also won my over bet ($55 won $50). Somehow my 'cash balance' is now $105 and my 'bonus balance' is now $420. After all my bets today settle I somehow am hoping all the 'bonus balance' turns into 'cash balance'. I guess when I made the bets the first one was from 'cash' and the second one from 'bonus'.

I think I'll keep a bunch of them open, especially if they each periodically have these special clearly +EV offers. I tend to think I'll stay mostly with Caesars, as I am already getting Rewards credits. As long as they don't steal money from me, or refuse to pay a bonafide winning bet, if it takes a bit to transfer money back to me that won't be a big issue for me.
ksdjdj
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January 20th, 2022 at 7:29:36 PM permalink
Quote: SOOPOO

(snip)
I was lucky and won on my first two bets today... The Northern Florida Ospreys covered against FSU ($220 won $200) and they also won my over bet ($55 won $50). Somehow my 'cash balance' is now $105 and my 'bonus balance' is now $420. (snip)
link to original post


Going by what you have written above, it looks like the bonus balance includes the stake and that you get to keep it all when you have completed the promo ?
If the answer to my above question is "yes", then you only have to win 16^^^ out of 60 bets to make a profit*** (assuming all bets were made on "50/50" or -110 lines).
^^^: FYI, when betting on -110 lines, you a "random picker" has about a 1/15k chance of getting 15 (or less) winning bets out of 60.
***: Based on just the $3000 "deposit match".
Last edited by: ksdjdj on Jan 20, 2022
SOOPOO
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January 20th, 2022 at 7:58:02 PM permalink
It was $3300 bonus for the $3000 deposit. I just checked and all the bonus money is now just listed as money, with the exception of a $50 new bonus I just got. Still a bunch of bets left to be finished, but it looks like I will be above that $6300 figure when the dust settles. I felt anything $6k or better would be considered a success. I’m sure it is negative EV, but I won my two ‘puck line’ bets by getting 1.5 goals.

I’m signing up for BetMGM tomorrow. Offer seems worth around $500. Not nearly as good as this Caesars offer but I’ll do it.
ksdjdj
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January 20th, 2022 at 8:37:21 PM permalink
Quote: SOOPOO

(snip) ... but it looks like I will be above that $6300 figure when the dust settles. I felt anything $6k or better would be considered a success. I’m sure it is negative EV, but I won my two ‘puck line’ bets by getting 1.5 goals.

I’m signing up for BetMGM tomorrow. Offer seems worth around $500.(snip)
link to original post


That's great, I always like it when I win a bet that is more than "even money".
Also, the best promotion I can get in Australia that is like a deposit match is, deposit $1000 and get an extra $2000 to bet with.
Note: But this one doesn't include the stake in the winnings for the bonus, so the EV of this bonus is up to ~ $1600, not including the vig (when played close to "the best way to maximize EV").
SOOPOO
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January 21st, 2022 at 4:59:45 AM permalink
After all bets (except one $10 parlay on the weekends football games) settled, I was at $7040 cash! Plus I earned another $50 free bet I’ll be using today. Plus $12 in Caesars reward credits. I think those are delayed by a day so maybe a bunch more today? I just looked at the new promos. Bet $100 on Bucs/Rams game (so -EV around 5$) and get $30 for every FG and $50 for every TD your team scores after 2 minute warning in either half. I guess the EV for that is +45 or so? I don’t know if OT scores count. I think they do not.
odiousgambit
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January 21st, 2022 at 9:30:24 AM permalink
I decided to not bet big with online gambling that legalized in VA

probably the biggest objection I had was this assertion in BetMGM's T&C:

Quote:

Your acceptance of these Agreements serves as acknowledgement that the Form 1099-Misc may be issued by Us by January 31 following the year of the receipt of a prize consisting of cash or merchandise for which a 12 month accumulated value of six hundred US dollars ($600) or more won by using the Services are subject to the IRS regulations.



emphasis mine ... you'll have to let us know how thing goes for you , but I guess that' be next year
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
ksdjdj
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January 22nd, 2022 at 4:26:41 AM permalink
Quote: SOOPOO

After all bets (except one $10 parlay on the weekends football games) settled, I was at $7040 cash!(snip)
link to original post


Awesome, it looks like you won a bit over $4k (including the bonus).
A "random picker" had about a 84-85% chance of winning between 25 to 35^^^ out of 60 bets.
^^^: At -110 odds for every bet, you would have needed to get ~35 out of 60, to have a final balance of ~7016 (when starting with 6300)
SOOPOO
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January 22nd, 2022 at 7:31:02 AM permalink
Quote: ksdjdj

Quote: SOOPOO

After all bets (except one $10 parlay on the weekends football games) settled, I was at $7040 cash!(snip)
link to original post


Awesome, it looks like you won a bit over $4k (including the bonus).
A "random picker" had about a 84-85% chance of winning between 25 to 35^^^ out of 60 bets.
^^^: At -110 odds for every bet, you would have needed to get ~35 out of 60, to have a final balance of ~7016 (when starting with 6300)
link to original post



Frankly, it would take me too long to figure out how well I’ve done. I made a bunch of money line bets, a bunch of bets that got me more free bets, some bets that added extra perks, etc…. I originally thought that the $6300 I had to play through would give me an EV of around $6000, but all these small extras probably add up to more than $300. I got lucky again last night. Had Nets, Lakers, and Rockets who all covered. (Lakers was money line bet). This is probably bad for me. Like the guy who wins 20 units by martingaling his first time out….

Looks like Fanduel and DraftKings both are doing $1000 bonuses. I’ll be joining them probably Monday.
SOOPOO
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January 23rd, 2022 at 10:46:09 AM permalink
More great offers. I bet on Jessica Pegula to win her match against the # 5 seed. I can’t remember exactly but say I was getting around 2-1. I pushed a ‘Australian open boost’ button and I got closer to 3-1.

It seems they allow, even encourage, certain parlays that are DEFINITELY correlated. Yesterday I had the Bengals plus the points and Mixon scoring a TD. Today I’ll be getting +140 on Bills to win (now +100, so even if I just bet them) and Josh Allen throws at least one TD. How many times out of 100 are the Bills gonna win if Josh Allen throws zero TDs against KC? 5? They did limit my bet to a maximum of $25 for this one. I think they are using these as loss leaders.

I did my ‘risk free’ bet at MGM. Remember, if I win I just keep the winnings. If I lose I get 5 $200 free bets. So depending on exactly what I bet on the EV is about $500, probably a little more if you bet decent sized underdogs with the free bets. I partially hedged with a bet on the other ap. 330 to win 300. I lost (Packers!) so I won $300, lost $1000 but have 5 $200 bets going today.

The other offer I’m using today is $100 on Bucs-2.5. I get a free bet for every FG or TD Bucs score after either two minute warning. $30 FG. $50 TD.

Caesars Ap is more user friendly than MGM. Plus I like getting all the Tier points//Reward credits.

FanDuel and Draft Kings likely tomorrow!

Edit…. Also $25 on first TD (I took Singletary) and you get a free $25 bet. Overall probably $10-15 EV.
AxelWolf
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January 23rd, 2022 at 5:50:20 PM permalink
From my understanding (do your own research to confirm)
The Ceasars bonus has been lowered to $1500.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
SOOPOO
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January 23rd, 2022 at 6:12:23 PM permalink
Quote: AxelWolf

From my understanding (do your own research to confirm)
The Ceasars bonus has been lowered to $1500.
link to original post



Perhaps. I already got my $3300. Their app is down, and has been for a few hours. Apparently has happened multiple times during this rollout period. I’m having a blast with this sports betting. I’m making gobs of stupid $10 bets. My favorite on was in game (early) getting Bucs +3.5. Great $10 win!
mcallister3200
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January 23rd, 2022 at 6:35:08 PM permalink
Quote: SOOPOO

Quote: AxelWolf

From my understanding (do your own research to confirm)
The Ceasars bonus has been lowered to $1500.
link to original post



Perhaps. I already got my $3300. Their app is down, and has been for a few hours. Apparently has happened multiple times during this rollout period. I’m having a blast with this sports betting. I’m making gobs of stupid $10 bets. My favorite on was in game (early) getting Bucs +3.5. Great $10 win!
link to original post



Did you tease it? Bucs were fave otherwise. And if you did tease it, and it’s only $10 so whatever, teasing across zero is about as negative EV as it gets. Ties are rare in the regular season and impossible in the playoffs so you’re getting a five point teaser for the price of six.
SOOPOO
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January 23rd, 2022 at 7:07:41 PM permalink
Quote: mcallister3200

Quote: SOOPOO

Quote: AxelWolf

From my understanding (do your own research to confirm)
The Ceasars bonus has been lowered to $1500.
link to original post



Perhaps. I already got my $3300. Their app is down, and has been for a few hours. Apparently has happened multiple times during this rollout period. I’m having a blast with this sports betting. I’m making gobs of stupid $10 bets. My favorite on was in game (early) getting Bucs +3.5. Great $10 win!
link to original post



Did you tease it? Bucs were fave otherwise. And if you did tease it, and it’s only $10 so whatever, teasing across zero is about as negative EV as it gets. Ties are rare in the regular season and impossible in the playoffs so you’re getting a five point teaser for the price of six.
link to original post



No tease. It was an in game live bet. I bet $11 to win $10. Rams were up and driving. Do I got the 3.5 points then. I think it was second quarter. I just won the worst $600 of my life. Had one of those free bets on Chiefs to win by 1-6 points. The $200 free bet paid $600. You don’t get the $200 back. I think my other 4 free bets are all going to be losers. The Caesars app is still down. Unless Jazz come back and win tonight my MGM account will be around $1200 from my deposit of $1500. Caesars at around $7300 from $3k deposit. So I’m ending my ‘use initial bonuses’ period on these two at plus $4k.
AxelWolf
AxelWolf
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January 23rd, 2022 at 7:17:53 PM permalink
Variance..

Not related to this promotion.

I made 12 random bets lat week and lost 10.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
mcallister3200
mcallister3200
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January 23rd, 2022 at 7:35:04 PM permalink
Quote: SOOPOO

Quote: mcallister3200

Quote: SOOPOO

Quote: AxelWolf

From my understanding (do your own research to confirm)
The Ceasars bonus has been lowered to $1500.
link to original post



Perhaps. I already got my $3300. Their app is down, and has been for a few hours. Apparently has happened multiple times during this rollout period. I’m having a blast with this sports betting. I’m making gobs of stupid $10 bets. My favorite on was in game (early) getting Bucs +3.5. Great $10 win!
link to original post



Did you tease it? Bucs were fave otherwise. And if you did tease it, and it’s only $10 so whatever, teasing across zero is about as negative EV as it gets. Ties are rare in the regular season and impossible in the playoffs so you’re getting a five point teaser for the price of six.
link to original post



No tease. It was an in game live bet. I bet $11 to win $10. Rams were up and driving. Do I got the 3.5 points then. I think it was second quarter. I just won the worst $600 of my life. Had one of those free bets on Chiefs to win by 1-6 points. The $200 free bet paid $600.

link to original post



This could go in general sports but....McDermott is going to have to answer some questions, or at least field them, about why the kicker didn’t squib it to get the clock running with :13 left in regulation when the Bills had the lead.
SOOPOO
SOOPOO
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January 23rd, 2022 at 7:39:46 PM permalink
Quote: mcallister3200

Quote: SOOPOO

Quote: mcallister3200

Quote: SOOPOO

Quote: AxelWolf

From my understanding (do your own research to confirm)
The Ceasars bonus has been lowered to $1500.
link to original post



Perhaps. I already got my $3300. Their app is down, and has been for a few hours. Apparently has happened multiple times during this rollout period. I’m having a blast with this sports betting. I’m making gobs of stupid $10 bets. My favorite on was in game (early) getting Bucs +3.5. Great $10 win!
link to original post



Did you tease it? Bucs were fave otherwise. And if you did tease it, and it’s only $10 so whatever, teasing across zero is about as negative EV as it gets. Ties are rare in the regular season and impossible in the playoffs so you’re getting a five point teaser for the price of six.
link to original post



No tease. It was an in game live bet. I bet $11 to win $10. Rams were up and driving. Do I got the 3.5 points then. I think it was second quarter. I just won the worst $600 of my life. Had one of those free bets on Chiefs to win by 1-6 points. The $200 free bet paid $600.

link to original post



This could go in general sports but....McDermott is going to have to answer some questions, or at least field them, about why the kicker didn’t squib it to get the clock running with :13 left in regulation when the Bills had the lead.
link to original post



Because he is just not that smart. This type of subtle error happens in many of his games. I think we were 0-6 in close games. Also basically allowed two 20yard passes at end of fourth quarter. Leslie Frazier was preventing a Hail Mary when all they needed was a FG. Let someone foolish enough hire him as a head coach.
SOOPOO
SOOPOO
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January 24th, 2022 at 2:20:20 PM permalink
Did better on MGM than I thought! I had already somehow (in my mind) counted Kracken as a loss while in fact they won! While watching Utah game when they clawed back to within 1 late in the game I made a small hedge bet on Warriors.

Today i have a few parlays that offer this deal.... have to be 4 teamers. Cant be favorites more than -200. $25. If you win of course you get whatever the parlay would have paid. Buttttt..... if you get 3 out of 4 right you lose the bet but get a $25 free bet to use. Picking 4 decent favorites you likely win at least 3 pretty frequently.

Caesars is letting me bet $75 on Knicks Cavs game money line, and you get a free bet bonus for all the points your bench players score. That's probably $30ish. I picked the Knicks, I think it is +6.

MGM let me deposit another $100 and got a match. That's $100 that is mine once I run it through once. So figure worth $95.

Signed up for Fan Duel. $1000 risk free bet. Jazz plus 9 unfortunately. Spread went up to 11. I bet $330 to win $300 at Caesars, so partial hedge.

Caesars app issue.... I just deleted the ap from my phone then re installed it and seems to be working fine.
TinMan
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January 24th, 2022 at 8:59:50 PM permalink
I didn’t add my Caesars account number during Sportsbook registration. I was concerned that I might not be eligible for the $3300 promo because I had placed some small sports bets at physical locations in AC and LV. I was credited the expected amount. After making all of the bets, I noticed that my tier credits at CET was higher than zero (it had been zeroed out as of Jan 1 and jumped to 2k+ without any casino visits this year). So clearly they associated my info from my card and the Sportsbook account. Subsequent small Sportsbook bets have also led to tier credits. (Also I didn’t lose the bonus amount so all good there.)

Here’s my question: let’s say one could churn perfectly offsetting bets at different sports books. One could theoretically rack up tier credits with no risk or cost. Getting platinum/diamond gets you perks (no resort fees alone would be a meaningful savings), including monthly free bets. What’s the risk if one were to try that? Closed account? Massive “winnings” on tax forms? Hypothetically asking as an intellectual exercise. Online Sports betting is brand new in NY but maybe someone in NJ or another state with more history has experience.
If anyone gives you 10,000 to 1 on anything, you take it. If John Mellencamp ever wins an Oscar, I am going to be a very rich dude.
SOOPOO
SOOPOO
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January 24th, 2022 at 9:19:20 PM permalink
Tinman, it is theoretically possible…. but not at all practicable. The different books rarely have odd divergent enough to overcome the general -110 you have to lay. As a simple example, if you bet $11 to win $10 at Caesars, you would get 2 points. I don’t know how Mlife does it’s points, but say it’s the same. So you would lose $1 overall to get those 4 tier credits and 4 cents in reward dollars. Not nearly worth it. Butttt…. there have been so many +EV offers that are of course worth doing, and you do get points for those as well. Caesars is interesting. You get points based on how much you could WIN, not what you actually bet. It is capped at 10x the bet amount. So if you bet $1 on a 10-1 underdog, you get 2 credits. If you bet $100 on a 10-1 favorite, you still get 2 credits. (1 credit per each $5 of expected win).

I have no idea if they will generate any tax forms at the end of the year. Of course, regardless, all winnings must be declared!
unJon
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January 25th, 2022 at 4:31:41 AM permalink
Quote: SOOPOO



I have no idea if they will generate any tax forms at the end of the year. Of course, regardless, all winnings must be declared!
link to original post



Remember to keep a sessions diary. Wins are “above the line” and losses are “below the line.” The higher standard deduction will crush certain people that weren’t itemizing until they had gambling losses.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.
SOOPOO
SOOPOO
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January 25th, 2022 at 8:17:49 AM permalink
Quote: unJon

Quote: SOOPOO



I have no idea if they will generate any tax forms at the end of the year. Of course, regardless, all winnings must be declared!
link to original post



Remember to keep a sessions diary. Wins are “above the line” and losses are “below the line.” The higher standard deduction will crush certain people that weren’t itemizing until they had gambling losses.
link to original post



I am no expert, but what is a session when doing sports gambling? I would think each individual bet is a session. What if I do a parlay over 3 days? What if game starts Monday but ends Tuesday? When I get free play with strings attached, do I have to figure out the EV? If the free play is awarded in stubs and drabs over a few days, am I required to add it to a session when it was guaranteed to me, when it was awarded to me, or when I made the bet with it, or when the bet settled? Etc…. no need to answer of course…. And thanks for making me think about it.

My Utah bet won, but I hedged a bit and cleared a little over $600. My Knicks bet won, and I think I’m getting maybe $40 free bet from the ‘bench points scored’ bonus.
odiousgambit
odiousgambit
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January 28th, 2022 at 2:56:53 AM permalink
Are you kidding me?

are you kidding me?

Or I should say, are they kidding me? I've got my win/loss statement for 2021 with BetMGM online gambling now.

AND

the online win/loss statement is the same BS made-up wild guess that it is at the brick and mortar casino! I am absolutely floored! They incorrectly show a loss instead of a win for the year.

I blogged about this if you want to check that out
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
SOOPOO
SOOPOO
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January 28th, 2022 at 5:56:35 AM permalink
Quote: odiousgambit

Are you kidding me?

are you kidding me?

Or I should say, are they kidding me? I've got my win/loss statement for 2021 with BetMGM online gambling now.

AND

the online win/loss statement is the same BS made-up wild guess that it is at the brick and mortar casino! I am absolutely floored! They incorrectly show a loss instead of a win for the year.

I blogged about this if you want to check that out
link to original post



I don’t consider your post bad news. FanDuel, 4 days after I joined and won my single $1k bet, now just gave me another $200 for a new $1k deposit. Have to run all $1200 through once before I can withdraw it. EV around $150. Last night at various live times had Oilers money line, Oilers +1.5 (they were losing at the time) and Predators +1.5. Game went to OT and Oilers won. My initial $50 bet on Oilers ML earned me another $50 free bet. Got ‘odds boost’ on Nadal making it around even money when he was almost 2-1 favorite. Low maximum bet of $25. I had other free bets from ‘bench scoring’ in an NBA game, as well as free bet from ‘first half scoring’ promotions. I have Medvedev over Nadal using ‘Aussie boost’ token getting me to around even odds.

It seems like every day there are significant positive EV opportunities. Supposedly my free NBA Curry Jersey is on the way!

I plan on making first withdrawal on 2/1.
TinMan
TinMan
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January 28th, 2022 at 6:25:13 AM permalink
Quote: SOOPOO

Quote: odiousgambit

Are you kidding me?

are you kidding me?

Or I should say, are they kidding me? I've got my win/loss statement for 2021 with BetMGM online gambling now.

AND

the online win/loss statement is the same BS made-up wild guess that it is at the brick and mortar casino! I am absolutely floored! They incorrectly show a loss instead of a win for the year.

I blogged about this if you want to check that out
link to original post



I don’t consider your post bad news. FanDuel, 4 days after I joined and won my single $1k bet, now just gave me another $200 for a new $1k deposit. Have to run all $1200 through once before I can withdraw it. EV around $150. Last night at various live times had Oilers money line, Oilers +1.5 (they were losing at the time) and Predators +1.5. Game went to OT and Oilers won. My initial $50 bet on Oilers ML earned me another $50 free bet. Got ‘odds boost’ on Nadal making it around even money when he was almost 2-1 favorite. Low maximum bet of $25. I had other free bets from ‘bench scoring’ in an NBA game, as well as free bet from ‘first half scoring’ promotions. I have Medvedev over Nadal using ‘Aussie boost’ token getting me to around even odds.

It seems like every day there are significant positive EV opportunities. Supposedly my free NBA Curry Jersey is on the way!

I plan on making first withdrawal on 2/1.
link to original post



A lot of the recurring promotions are profitable (I believe). 20% odds boost on a line that is a 4-5% vig has to be profitable. There are a bunch of “bet the spread on this game and get $1 for every 3-pointer hit by both team in the game”. Sometimes you must win the bet to get the bonus but sometimes not. Some are just straight free bets—today I got one that was bet $30 on rangers game and get $30 credit if you lose. Ive placed a bunch of 4-leg parlays but get your money back if you hit exactly 3/4.

I have to imagine sticking with those types of bets has to be profitable overall.

Note: I don’t think the Caesars “boosts” are always necessarily profitable. But some look promising. It’s more the promotions that look good.
If anyone gives you 10,000 to 1 on anything, you take it. If John Mellencamp ever wins an Oscar, I am going to be a very rich dude.
SOOPOO
SOOPOO
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January 28th, 2022 at 9:28:54 AM permalink
Quote: TinMan

Quote: SOOPOO

Quote: odiousgambit

Are you kidding me?

are you kidding me?

Or I should say, are they kidding me? I've got my win/loss statement for 2021 with BetMGM online gambling now.

AND

the online win/loss statement is the same BS made-up wild guess that it is at the brick and mortar casino! I am absolutely floored! They incorrectly show a loss instead of a win for the year.

I blogged about this if you want to check that out
link to original post



I don’t consider your post bad news. FanDuel, 4 days after I joined and won my single $1k bet, now just gave me another $200 for a new $1k deposit. Have to run all $1200 through once before I can withdraw it. EV around $150. Last night at various live times had Oilers money line, Oilers +1.5 (they were losing at the time) and Predators +1.5. Game went to OT and Oilers won. My initial $50 bet on Oilers ML earned me another $50 free bet. Got ‘odds boost’ on Nadal making it around even money when he was almost 2-1 favorite. Low maximum bet of $25. I had other free bets from ‘bench scoring’ in an NBA game, as well as free bet from ‘first half scoring’ promotions. I have Medvedev over Nadal using ‘Aussie boost’ token getting me to around even odds.

It seems like every day there are significant positive EV opportunities. Supposedly my free NBA Curry Jersey is on the way!

I plan on making first withdrawal on 2/1.
link to original post



A lot of the recurring promotions are profitable (I believe). 20% odds boost on a line that is a 4-5% vig has to be profitable. There are a bunch of “bet the spread on this game and get $1 for every 3-pointer hit by both team in the game”. Sometimes you must win the bet to get the bonus but sometimes not. Some are just straight free bets—today I got one that was bet $30 on rangers game and get $30 credit if you lose. Ive placed a bunch of 4-leg parlays but get your money back if you hit exactly 3/4.

I have to imagine sticking with those types of bets has to be profitable overall.

Note: I don’t think the Caesars “boosts” are always necessarily profitable. But some look promising. It’s more the promotions that look good.
link to original post



I agree. I have only made a few of those Caesars boost bets. I think most just go from ‘pretty bad’ to ‘almost even’. I did the Rangers bet as well. MGM has a bunch of positive EV tennis opportunities. Some to maximize you need to bet an underdog. Some a favorite! I’m having boatloads of fun.
TinMan
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January 28th, 2022 at 9:43:14 AM permalink
SOOPOO—if you’re comfortable sharing which types of promos do you think are best maximized by betting on favorites? I’ve either (1) bet on underdogs or (2) used a vig calculator to find the bet with the lowest vig and then bet on that. So far I’ve tried to stick to two way markets (eg ML winner In NBA) rather than more variable markets (eg, player to have most assists/etc). I’m very new to this and have been trying to think through the best way to maximize each promo.
If anyone gives you 10,000 to 1 on anything, you take it. If John Mellencamp ever wins an Oscar, I am going to be a very rich dude.
SOOPOO
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TinMan
January 28th, 2022 at 10:37:02 AM permalink
Quote: TinMan

SOOPOO—if you’re comfortable sharing which types of promos do you think are best maximized by betting on favorites? I’ve either (1) bet on underdogs or (2) used a vig calculator to find the bet with the lowest vig and then bet on that. So far I’ve tried to stick to two way markets (eg ML winner In NBA) rather than more variable markets (eg, player to have most assists/etc). I’m very new to this and have been trying to think through the best way to maximize each promo.
link to original post



The easiest one is the four team NHL parlay offer. The bet is $25. If you win, you of course just win on whatever the odds are. But if you get 3/4 correct you get a free $25 bet as a consolation prize. Let’s say you bet on 4 favorites at -200 each. You win your bet around 18% of the time. But you win 3/4 36% of the time. If you are betting even money or underdogs you will get the free bet way less often.
odiousgambit
odiousgambit
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January 29th, 2022 at 6:45:04 AM permalink
Quote: SOOPOO

Quote: odiousgambit

Are you kidding me?

are you kidding me?

Or I should say, are they kidding me? I've got my win/loss statement for 2021 with BetMGM online gambling now.

AND

the online win/loss statement is the same BS made-up wild guess that it is at the brick and mortar casino! I am absolutely floored! They incorrectly show a loss instead of a win for the year.

I blogged about this if you want to check that out
link to original post



I don’t consider your post bad news. [snip]
link to original post

well it certainly is good news if players can *rely* on getting a winning year reported as a losing year.

I am quite concerned that might not be the case. Some of you might be in the camp of "it's too much fun making AP moves for me to worry about taxes". Or in the "I do a pro gambler tax return anyway" camp. Or "I trust them to get the W2g right even if they can't get it right with the win/loss record and I will itemize with shown losses" camp.

I am not in any of those situations, and certainly have trust issues. I guess I will continue to be a piker unless I'm going to start believing the win/loss record will never burn me. A W2g when I wasn't supposed to get one would burn pretty good.
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!”   She is, after all, stone deaf. ... Arnold Snyder
SOOPOO
SOOPOO
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January 29th, 2022 at 9:59:45 AM permalink
MGM let me deposit $200 today. Get free $100 with requirement I bet $600 by two weeks from today. Easy peasy. Bets on heavy favorites (over -200) don’t count. Probably + EV around $75.
Bet $50 on point spread (usual -110) first half Rams game. Win or lose get $1free bet for every point your team scores. Probably +EV of about $7.
I finally used a ‘super boost’ bet. I have Curry and Irving to both score 20 or more at +125. They cap max bet at $25. I’m not savvy enough to know if it + EV but it ‘feels’ like it is!

Tried to help friend sign up for Caesars yesterday. As someone mentioned the match is now $1500, not $3,000. He still works making 6 figures. Collects pension as well. Collects SS as well. But he is not computer savvy. Doesn’t bank online. Just recently got his first smart phone. When he went to transfer the money they limited him to $100!!!
SOOPOO
SOOPOO
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January 30th, 2022 at 9:08:26 AM permalink
I'm pretty much done with all the play through requirements for my four accounts, Caesars, MGM, FanDuel, and DraftKings. I've cleared around a total of $7.5k. Maybe I'm + $1k from EV, due to some lucky picks. I'm finishing my MGM requirement today, which to me is one of the fun aspects of this. I've bet a few dozen $10- $20 picks on random NBA, NHL, soccer, and college BBall games. Between the four sites I have a bunch of free or clearly +EV parlays today on the football games today.

The only one (that i am aware of) that I haven't joined is BetRivers. Their offer is only a free $250 for an equal sized deposit. With runthrough of $500 its worth around $225. I probably will join as I'm guessing they also have daily specials and more opportunities for +EV bets.

First withdrawal will be on Tuesday....
SOOPOO
SOOPOO
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February 1st, 2022 at 1:37:50 PM permalink
Another free $100 bet for making a $200 deposit today. It was for draft kings. I completed a 'Mission" and earned another free bet. I've been invited to be a VIP, and there will be some 'special offers' Thursday night. I have no idea what the offers are, but it is free to join. The lowest level has an 'expectation' of $1000 a week in bets. Seems unlikely that it will be worth it, but I'll check it out.
I put in my Caesars withdrawal request earlier this morning. The disclaimer stated it might take 48 hours to verify my identity, bank account, etc... And then it might take 5 business days after that. The money was deducted from my account nearly immediately. Maybe I'm a doofus, but I would guess I have the money in my bank account by tomorrow.
I'm not joining BetRivers until the Caesars deposit hits my bank.

So in the 'live and learn category, on MGM I got a "25% profit boost". Maximum amount of extra money given to you is $100. Since I still have a few hundred $$ worth of bets to make I made a bunch of $20 bets and $50 bets. It would be possible for me to win $400, thus get the extra $100. But I re-read the fine print... the boost is only for your NET winning for the day. With my randomish bets I am more likely to be down, and if up, nearly impossible to be up enough to get a significant bump. I think best way to play this is to make a single bet of $440 to win $400, which turns into $500. So +EV of $30. (Win $500 1/2 of the time, lose $440 1/2 of the time).
Mission146
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February 2nd, 2022 at 7:10:27 AM permalink
They say, "Money won is sweeter than money earned," and money won with almost zero variance for doing virtually nothing is sweeter than both.
https://wizardofvegas.com/forum/off-topic/gripes/11182-pet-peeves/120/#post815219
lilredrooster
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Mission146
February 2nd, 2022 at 12:46:22 PM permalink
Quote: Mission146

money won with almost zero variance for doing virtually nothing is sweeter than both.
link to original post



I definitely disagree with this one

for me there is joy and satisfaction if I can beat the NFL spread capping

getting ahead because of fat promos doesn't at all get my mojo workin'

but I'm not all about the Benjamins anymore___________if I was, as was the case in the past, I guess I would feel differently


.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
SOOPOO
SOOPOO
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February 3rd, 2022 at 6:27:01 PM permalink
First deposit not in bank yet. I did receive email saying it is in process.
Draft kings VIP offer is 15% loss rebate for total net losses over next few days. Max rebate is $2k. I know I can make some money using it intelligently. Not sure if I will do so! The $2k would only be subject to a 1x play through.
teddys
teddys
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February 4th, 2022 at 10:13:41 AM permalink
Quote: SOOPOO

More great offers. I bet on Jessica Pegula to win her match against the # 5 seed.

You are such a Buffalo homer! :) :) :)

Glad to see your success. As you can see, knowing a little about gambling in tandem with having your shit together somewhat (which you do) and keeping track of stuff, makes it especially lucrative.

This has been a major source of income for me. That $3,000 Caesars offer last month was *mwah*. Bet MGM was great for a while too. Multiple $1,000s. It's constantly changing. Keep it going!
"Dice, verily, are armed with goads and driving-hooks, deceiving and tormenting, causing grievous woe." -Rig Veda 10.34.4
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