Using a Sports Betting Free Play Bonus effectively can sometimes determine whether you have a winning or losing season. I personally always go with a guaranteed no risk method to win some money off of my free play and below I will show you exactly how I do it.
So let’s say you clicked on BetPhoenix here, signed-up, sent your money, and got a 100% free play. Okay, so now what ? You might ask; you might also be thinking how can I use this free play bonus effectively to guarantee I get 50% of it in cash.
First a quick explanation of how a sports betting free play works. If you already know, then you can skip this paragraph. Let’s say I sent $500 to Bet Phoenix and they gave me $500 in free plays. I now have two different balances, a cash balance and a free play balance. Now I pick the game I want, I will use Utah Jazz in the NBA and the spread is -2. Well, I am not sure if Utah will win, so I use my free play. I place $110 down to win $100 of my free play and Utah wins by 8 points. Woot! I won. Now my cash balance is $500 + $100 = $600 and my free play amount is $500 – $110 = $390. If you add the two now it is only $990. So, even though I won, which if this was only a cash balance with no free play, I would have a balance of $1100, I still lost the free play amount. The thing about free plays is once you risk the free play the amount risked is gone, whether you win or lose. Now with cash, you get the amount you risked back if you win. So, basically, a free play is the same as cash if you lose, but if you win, you only convert it to cash. Hopefully I explained that clearly, if not please just leave a comment below and I will try to explain the unclear parts bettor.
So, what we want to do is maximize this free play we got. There are several ways and some are complicated and some are not. Now before I start to explain I will not be talking about using 12 three team parlays with 6x odds or anything like that. Yes, it can convert something like 75% or higher of the free play to cash, the problem that most people don’t seem to realize is, yes technically, it can be done, but in practicality you would be extremely hard pressed to find quality books that first had 6x odds, then allowed you to bet both sides, then allowed you to cover every possible scenario, and then allowed you to do it with a free play. So, you may in your search have come across using parlays and that strategy, well, good luck to you if you want to try that route. As for me, I will stick to converting a guaranteed 50% – 55% into cash.
- Another place to find Betonline, free bonus codes is inside your email. You will just have to check your personal inbox to see previous emails from the casino for bonus codes. An example of a no deposit bonus code is AF25 which can be used to receive up to $25 as a free no deposit bonus for new players.
- Most New Player Freerolls won’t exceed 250-300 players yet the free prize pool is a guaranteed $5,000. That effectively makes this a $16-20 buy-in tournament, which, of course, is free to enter for any new BetOnline depositor. Once you make a deposit with BetOnline, you’ll automatically receive a ticket to the next $5,000 freeroll.
Okay, I will use an example of an actually play I did recently:
NBA- Dec 27, 2010
Minnesota Timberwolves +155
New Orleans Hornets -170
Minnesota Timberwolves +155
New Orleans Hornets -170
Final outcome if Minnesota wins = $775 cash from the free play, but lose the $500 cash play, so our profit is $275. Final outcome if New Orleans wins = $0 from the free play, but gain $294.12 from the cash play, so our profit is $294.12. Minnesota wins = $275 cash which means 55% of the free play was converted to cash.
Now our goal is to turn that $500 free play into at least $250 cash so our cash balance would be $250 + $500 = $750. The lines above are to win lines. Now you always have to use the free play on the dog and you are looking for a line that is at least +150 with the other team no greater than -200, this will insure you get at least a 50% return. Now you will not be able to do this at one book, you will have to have money in another book for this to work because you are just asking for trouble if you try this at one book.
Okay, so let’s see how this betting strategy will turn out. We would have placed our $500 free play on the Minnesota Timberwolves +155; which would be to risk $500 to win $775. Now we go over to our other account and risk $500 cash on the New Orleans Hornets -170 in the amount $500 to win $294.12.
Final outcome if Minnesota wins = $775 cash from the free play, but lose the $500 cash play, so our profit is $275.
Final outcome if New Orleans wins = $0 from the free play, but gain $294.12 from the cash play, so our profit is $294.12
Final outcome if New Orleans wins = $0 from the free play, but gain $294.12 from the cash play, so our profit is $294.12
Minnesota wins = $275 cash which means 55% of the free play was converted to cash
New Orleans wins = $294.12 cash which means 58.8% of the free play was converted to cash.
New Orleans wins = $294.12 cash which means 58.8% of the free play was converted to cash.
So, how did we do? On this day the Minnesota Timberwolves won. Our new cash balance is $500 + $275 = $775. This play took me only a few minutes to make and yet earned me a nice 55% return on that free play, which added to my bottom line and that is really what this is all about, adding to your bottom line.
So, there you go, an easy way to insure you get at least a 50% return on your free play. I hope I explained this well enough and if not, just leave me a comment and will do my best to help.
Best of Luck and play smart,
JD
Bet Online offers some of the biggest free plays in the industry and will match anyone’s bonus with a free play bonus. Guaranteed money, gotta love it!
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Contents
- BetOnline Sportsbook Promo Codes
New users who sign-up now can receive a 50% sports bonus for their first BetOnline deposit.
BetOnline Sportsbook Promo Codes
Promotion Name | Promo Code | Details | Rollover Amount | ||
---|---|---|---|---|---|
Welcome Bonus | BOL1000 | Your initial deposit will receive a 50% bonus, up to $1,000. | 15x | ||
Cryptocurrency Deposit | CRYPTOBET | Your first deposit using cryptocurrency will receive a 50% bonus, up to $500. | 14x | ||
Lifetime Reload Bonus | LIFEBONUS | When you reload your account, receive a bonus of 25%, up to $1,000. Good for lifetime at BetOnline. | 6x | ||
$25 Risk-Free Player Props Wager | No promo code - Must email BetOnline | When you lose your first Player Prop bet of $25 or more, you will receive a refund of $25 after emailing BetOnline | 6x |
BetOnline Sports Welcome Bonuses and Promo Codes
New users who sign-up for a BetOnline account and use the promo code BOL1000 will receive a 50% free play bonus from their first deposit. You must enter this promo code at the time of deposit, as this cannot be claimed retroactively.
![Play Play](https://www.sportsbookreview.com/pictures/betonline_lobby.png)
The main requirement for this bonus is that you must be a new user and create a new BetOnline account and make an initial deposit of at least $25. This bonus has a 15x rollover requirement. Any existing free plays must be claimed before claiming new free plays. Free plays can only be earned through the sportsbook, since casino, poker, live betting and racebook wagers are ineligible for this promotion. If you claim the Welcome Bonus, you will not be allowed to withdraw from your account for 30 days.
BetOnline Crypto Promo Code
BetOnline offers a Crypto Bonus deposit of 50% when you use the promo code CRYPTOBET on your first Cryptocurrency deposit of at least $20. Your account will credited a free play bonus of 50% (up to $500) only if this is your first Cryptocurrency deposit. You must enter this promo code at the time of deposit, as this cannot be claimed retroactively.
Currently BetOnline takes Cryptocurrency from BitCoin, Bitcoin Cash, DASH, Ethereum and Litecoin.
This promotion has a 14x rollover requirement. Similar to the other promotions, you must use all existing free plays before claiming this bonus.
Some of the other requirements are that you can only earn and use free play in the sportsbook. Casino, live betting, racebook, skill games and poker will not be eligible to earn or use free plays. You must also be a resident of the US or Canada to claim this bonus.
BetOnline Lifetime Reload Promo Code
BetOnline offers you a lifetime reload bonus, even if you are an existing user or already claimed your Welcome Bonus and Crypto Bonus. When you reload your account with a minimum of $50, make sure to use the promo code LIFEBONUS at the time of your deposit. You will receive a 25% Sportsbook bonus (up to $1,000) to your account. You must enter this promo code at time of deposit, as this cannot be claimed retroactively.
This promotion comes with a 6x rollover amount, making it the easiest rollover requirement to meet on BetOnline. Read more about this in the following rollover requirements section. Before claiming this bonus, you must use all existing free plays. Once you claim the promotion, you will not be allowed to withdraw for 30 days. With this bonus you can only earn and use free play with sportsbook, as all other games in the casino, live betting, racebook, skill games and poker will be ineligible. You must enter this promo code at time of deposit, as this cannot be claimed retroactively.
$25 Risk-Free Player Props Wager
If you have never used BetOnline’s Player Props software, you are eligible for the $25 free play. Only available when you go to the BetOnline website on a desktop (non-mobile device) computer.
When you bet minimum of $25 of your money on the Player Props software, the first bet is on BetOnline. If you win, you will keep your earnings. If you lose, you will be eligible to receive a refund of $25. This promotions comes with a 6x rollover amount.
To get your refund, you must mail [email protected] with your account number and ticket number of the bet that you lost. Your email should have the subject “$25 players prop free bet.” You must do this within 24 hours from when the game is over.
If your first Player Props bet loses and is $25 or over, you will be eligible for the $25 refund.
![Betonline Betonline](https://www.betonline.net/wp-content/uploads/betonline_article_20-1-1-700x441.jpg)
Rollover Requirements
Similar to other sportsbooks, there is a rollover requirement tied to the promotions. The amount of rollover for each promotion is different, so make sure to read the promotions sections or table above to see the exact rollover requirements.
In this section, we will go over how the rollover requirement is calculated and how that affects your free play bonus. The formula for rollover requirement:
rollover requirement = ( deposit amount + bonus amount ) x rollover amount
As an example, if you were to deposit $200 with a 50% bonus and a rollover of 6x, your rollover requirement would be $1,800. Which is calculated by:
$1,800 = ($200 + $100) x 6
To be clear, the rollover requirement is the amount you must wager before you can receive your full free play bonus. You do not have to do this as one wager, but the total wagers you make from when you claim the bonus must equal the rollover requirement.
Creating A BetOnline Account
When you are ready to create a BetOnline account you will need to sign up with the following info into the sign-up form: Deuces wild strategy.
- First and last name
- Password
- Phone Number
- Your Address: Street, City, State and Zip Code
- Birthday
- Mother’s Maiden Name
Press the “Create an Account” button once you have completed the form. You will now see the “Welcome” page now that your account has been created. To go to the main page and begin playing, click on the “Get Started” button. You will then receive an email from BetOnline that your account has been created.
Making A Deposit To Your BetOnline Account
The process for making an initial deposit or reload deposit is the same. You have the option to choose to fund your account with a credit card, Cryptocurrency or other options.
For credit cards your options to fund your account are Visa and MasterCard. The credit card option of funding your account will incur a 6.5% fee. The form for credit card deposit requires your:
- Card Number
- Expiration Date
- CVC or CVV
- Last 4-digits of your SSN
You will then need to enter your desired amount you wish to deposit into your BetOnline account. You can either enter the desired amount of $25 to $500. There also options to choose preselected amounts of $50, $100, $200, $400 or $500.
For those that want to use Cryptocurrency, you can choose BitCoin, Bitcoin Cash, DAST, Etherum or Litecoin. By using Cryptocurrency, you will not be charged a processing fee.
Make sure to enter your desired welcome bonus (BOL10000), initial crypto deposit (CRYPTOBET) or reload bonus (LIFEBONUS) promo code here, as bonuses cannot be claimed once you submit payment.
Free Play Balance Betonline
Find all the latest BetOnline bonus codes at gpsts.org.
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