Sports betting chatter

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online sports betting just became legal in Maryland where I live

the FanDuel promo - bet $5 and get $200 in free bets - they don't return your free bet stake into your winnings

iow if you bet $200 on an even money bet with your free bet stake and you win - only $200 is sent to your account - not $400

is that the usual way it's done____? - I'm not sure but I think not - I think in this example $400 would usually be credited to your account at other books - I may be mistaken - not sure

is this sneakiness on the part of FanDuel________?__________or is it me who is remembering wrong - it's been a long time since I used one of these types of promos on an online overseas book which was technically not legal in my State



https://support.fanduel.com/s/article/Free-Bets


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Quote: lilredrooster

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online sports betting just became legal in Maryland where I live

the FanDuel promo - bet $5 and get $200 in free bets - they don't return your free bet stake into your winnings

iow if you bet $200 on an even money bet with your free bet stake and you win - only $200 is sent to your account - not $400

is that the usual way it's done____? - I'm not sure but I think not - I think in this example $400 would usually be credited to your account at other books - I may be mistaken - not sure

is this sneakiness on the part of FanDuel________?__________or is it me who is remembering wrong - it's been a long time since I used one of these types of promos on an online overseas book which was technically not legal in my State



https://support.fanduel.com/s/article/Free-Bets


.
link to original post

The five (FanDuel, Caesars, BetMGM, BetRivers, DraftKings) that I use all treat a ‘free bet’ that way. That is why, if you are interested in maximizing your EV, betting long shots is better than betting favorites, with these free bets.
Sneakiness? Maybe a little. They DO make it clear that you don’t get the ‘stake’ back.

I think a different promo is more ‘sneaky’. They call it a ‘risk free’ bet. You bet your own real money and if you win it was like there was no offer. You keep your ‘stake’ and your winnings. But if you lose you get back the equivalent dollar figure in a ‘free bet’. Which is NOT worth as much as your initial stake. Hence to me, the term ‘risk free’ is a LIE.

That being said, the ‘risk free’ first bet can be quite valuable.

My ‘free bet’ today is a 3 leg parlay. Brazil, Portugal, and the Vegas Golden Knights. It is always a big risk betting on a soccer team to win. They actually have to score! First few minutes of Brazil game. Looks like Switzerland is not afraid of big bad Brazil.

Quote: SOOPOO

My ‘free bet’ today is a 3 leg parlay. Brazil, Portugal, and the Vegas Golden Knights. It is always a big risk betting on a soccer team to win. They actually have to score! First few minutes of Brazil game. Looks like Switzerland is not afraid of big bad Brazil.
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All 3 won. Hooray.

I have a bunch of bets hinging on France winning against Tunisia today. Tunisia has scored zero goals so far in its first two games. Buttttttt….. France has already clinched advancement to next round….. They are not playing any of their top players. Tunisia still hasn’t scored late into first half but their ‘A’ team looks way better than the France ‘B’ team.
I may make a bet on Tunisia at halftime. (That would guarantee a draw…)

Edit. Just got 21-1 on both games ending scoreless.

Do DraftKings or any other books give you a year-end summary, and do they share it with the IRS?

Quote: billryan

Do DraftKings or any other books give you a year-end summary, and do they share it with the IRS?
link to original post

I can get a year to date summary right now. Just a few clicks. I am not sure if they will formally send me and/or the IRS anything. I will let you know as soon as I know!

Quote: SOOPOO

Quote: billryan

Do DraftKings or any other books give you a year-end summary, and do they share it with the IRS?
link to original post

I can get a year to date summary right now. Just a few clicks. I am not sure if they will formally send me and/or the IRS anything. I will let you know as soon as I know!
link to original post

I appreciate that.

I just had a $1000 on the Colts' +3.5 @ +250.

Note 1: I could have gotten +260, 12 hours ago, but originally I wanted to wait until todays' bets were resolved (also, I thought the odds may get bigger).

Note 2: I think the Colts' should be about +10 at the "50/50" line, so doesn't quite make the "graded bet" criteria.

Due to offers I have USC -2.5 at +117 and Utah +3 at -115. I can either win $1 or $50. Something like that. I’m picturing Utah kicking that FG in OT then USC scoring the game winning TD. I had a bunch of parlays including Bills -3.5….. but none hit. I needed Allen to score a TD and he got tackled at the 1 yard line….

Go Brazil shutout and over 8.5 corner kicks!

Quote: SOOPOO

Due to offers I have USC -2.5 at +117 and Utah +3 at -115. I can either win $1 or $50. Something like that. I’m picturing Utah kicking that FG in OT then USC scoring the game winning TD. I had a bunch of parlays including Bills -3.5….. but none hit. I needed Allen to score a TD and he got tackled at the 1 yard line….

Go Brazil shutout and over 8.5 corner kicks!
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Wow, over 8.5 corner kicks? Is that about an average number for a soccer game?