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Go Back   Sports Handicapping, Betting & Picks - SBR Forum > Sports Betting, Sportsbooks & General Discussion > Players Talk

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Old 10-25-2007, 06:39 AM   #1 (permalink)
20Four7
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Default Free play's

I recently received a $200 free play bonus. I was wondering what the best way to use this. I know there is a ganchulator for calculating free play values. But was thinking since this is free money if taking a 3 team round robin might not be a good use of this. Was wondering how people use free play's.

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Old 10-25-2007, 07:30 AM   #2 (permalink)
Ganchrow
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Quote:
Originally Posted by 20Four7 View Post
I recently received a $200 free play bonus. I was wondering what the best way to use this. I know there is a ganchulator for calculating free play values. But was thinking since this is free money if taking a 3 team round robin might not be a good use of this. Was wondering how people use free play's.
Keep your eyes open for near scalps on bets with a very long odds side offered at the freeplay book.

If you could find a +1000/-1100 market, for example, (and if you had the requisite free funds at the -1100 book to complete the hedge), your conversion rate would be 83.33%. (See my freeplay value calculator.)

If you're unable to find a sufficiently large and hedgeable dog line (or simply don't want to tie up money on a hedge), you can always receive a risk-free 75% of the notional value of the freeplay by betting equal amounts on every outcome of a 3-team parlay at +600, or a sure 76.77% of notional betting equal amounts on every outcome of a 4-team parlay at +1228.3 (true parlay odds).

Generally speaking the parlay route is the way to go.
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Old 10-25-2007, 06:14 PM   #3 (permalink)
RickySteve
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The risk-free return can be improved by betting lines with lower holds than -110/-110, including across different books.

If you're willing to accept some risk, you can fairly easily get >90% expected returns with naked parlays of 'good' lines.
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Old 10-25-2007, 09:50 PM   #4 (permalink)
20Four7
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That is sort of what I was thinking Rickeysteve. If I used it for a 3 team RR if I hit 2 of my teams I"m "even" and if I hit 3 I cash good. Obviously if I hit 1 or 0 the free play money is done.

I"ve been running what Ganch said but I can't see a book allowing me to freeplay all the combos of a 3 team parlay using a free play.
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