Originally Posted by cyberbabble View Post
Perhaps someone could suggest an alternative play with a higher guaranteed return.
I've never tried anything like that, but I agree with JD that it might not be well-received by the sportsbook. When I do anything that looks like hedging, I use a different sportsbook.

I would probably divide the 100 into a bunch of small, unrelated bets at similarly long odds. That way you're likely to get back a good chunk of the free play amount.

From Caesars, I get 150 monthly which must be wagered lump-sum. Being a nit, I always hedge at another book. So my bets will look something like this:

- Caesars $150 free bet at +500 (pays $750 minus cash expended below)
- other book $600 cash bet at -600 (pays net $100)

I think the EV there is close to 75%, but not quite.