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resetmypass t1_j9v1ogf wrote

Reply to comment by RascalRibs in LPT: Maintain separate bank accounts when you get married by The_Stein244

This doesn’t make sense to me. If you use bonus money to make a bet and then use your own money to make the hedge bet, don’t you just either lose the bonus money or lose your hedging bet? How do you get ahead?

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RascalRibs t1_j9v2i2y wrote

Just to keep it simple, we'll look at the BetMGM offer without even considering the risk free bet portion, and just for one user.

You deposit $500 and receive $500. You have $1000 to place a wager.

You place $1000 on a +220 line. The total payout is $3200.

You place a hedge bet of $2286 on the opposite outcome at odds of -250. The total payout is $3200.

So you've bet $500 and $2286, for a total of $2786, and your total payout is $3200. $3200 - 2786 is a profit of $414.

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resetmypass t1_j9v5j3q wrote

Thanks for explaining! How do you get these offers? I will go try it out

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RascalRibs t1_j9v5ruu wrote

The BetMGM offer is available to be customers. Once you register, just wait a few days and they'll send the email for the deposit match offer.

And you can do it again in multiple states.

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drgngd t1_j9v978s wrote

Dude good shit on gaming the system!

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RascalRibs t1_j9v9mr5 wrote

They have no problem screwing customers so I'm just trying to fight back lol

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drgngd t1_j9v9uzg wrote

Oh 1000% that's why I'm rooting for you. They're trying to lure in people with the free bets so they can take their money. Glad you figured out a way to take some of it back.

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Bay_Burner t1_j9vigo1 wrote

Can’t you just take the $500 and bet $10 and withdraw? You free $500 lost some value down to $414.

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RascalRibs t1_j9vk027 wrote

You have to play through it before you can withdraw it.

And I usually find much better lines, so I'd end up around $500.

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