Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/author/lawrencesmelser/ Your Go-To Site For All Things Betting Thu, 28 Nov 2024 09:08:11 +0000 en-GB hourly 1 //wordpress.org/?v=6.1.1 //panalo111bet.com/app/uploads/2023/06/favicon-1.png Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/author/lawrencesmelser/ 32 32 Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/hedging-a-bet/ Wed, 17 Jul 2024 04:20:35 +0000 //panalo111bet.com/?page_id=188337 Hedging is a sports betting strategy that allows punters to reduce risk or guarantee a profit by covering multiple outcomes of an event. In this article, we’ll explain how to hedge a bet and master this savvy approach to sports betting. What Is Hedging a Bet: Quickly Explained Hedging a bet is a technique for … Continued

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?? Hedging is a sports betting strategy that allows punters to reduce risk or guarantee a profit by covering multiple outcomes of an event. In this article, we’ll explain how to hedge a bet and master this savvy approach to sports betting.

 Hedging a bet is a technique for mitigating risk or locking in a profit on a stake. It entails making a second bet that partially cancels ou??t your initial wager. Consider it as a type of insurance.

You place the first bet but subsequently place an opposing wager, which can be done at a later date for futures or during the game for moneyline, total, and spread hedges. By doing so, even if your first wager loses, you won't come out with a complete loss??. Yet, hedging usuall??y means that you won't make as much profit if the original wager ends up a winner.

Hedging is a key concept to understand and should be a small part of a well-rounded betting strategy. Before signing up for a legal U.S. bookmaker, you should know the basi??cs of wagering, including how to hedge properly. It can help you preserve your bankroll and make the correct decisions to ensure profits in different scenarios.

This technique is very commonly associated with futures thanks to long odds being available before seasons or tournaments begin. The opportunity to hedge the opponent in the final is a simple process which we’ll dive into later on. Hedging calculators are also an excellent tool to use when figuring out amounts to hedge.??

DraftKings Hedge example desktop
(Source: DraftKings)

Let’s say you own a $100 futures ticket on the San Francisco 49ers (+6?00) to win the Super Bowl. You placed it prior to the season, and if it wins, you’ll take home $600 along with your $100 stake.

San Francisco reaches the Super Bowl and is set to face the Kansas Cit??y C?hiefs (+100). If you want to guarantee a profit, you could hedge your bet by placing a wager on the Chiefs.

For instance, if you wagered (hedged) $200 on Kansas Ci?ty (+100) and it was victorious?, you’d walk away with $400 ($200 stake plus the $200 payout) minus your $100 bet on the 49ers, for a total profit of $100.

In the case that San Francisco wins (which is obviously the outcome you’d prefer), and you made the $200 hedge bet ??on Kansas City, you’d walk away with a $400 profit.

If you didn’t hedge and let your 49ers ticket ride with San Fran?cisco triumphant, you’d profit $600 and get your original stake of $100 ba?ck, receiving $700 in total.

If you don’t hedge and Kansas City wins, you’ll ??lose your $100 initial wager on the 49ers and be down $100 ??in your bankroll after the result.

This? is just an example. We’re not advising you to place a specific amount on either team or detailing how much to hedge. That depends on a number of factors, including h?ow much profit you want to ensure, your bankroll, and your confidence level in the 49ers or Chiefs.

While this scenario works for any bookmaker, let's take a step-by-step look at how to hedge a bet on FanDuel. We’re using a generic example of the Copa America and aren’t making any recommendations in terms of quan??t??ities.

1. Visit a Sportsbook & Create an Account

?? Once you're at a bookie of your choice (preferably with the best possible odds), enter your personal information and verify you?r location.

FanDuel sign up desktop
(Source: FanDuel)

2. Make a Deposit

Choose yo??ur preferred depos??it method, select a bonus, and make the deposit.

FanDuel Deposit desktop
(Source: FanDuel)

3. Place a Futures Bet

Make a futures wager after perform??ing in-depth research, so you are well-informed. We’ll ??use a scenario where you bet on Colombia at +1300 before the Copa America.

Copa americana pretournament futures desktop odds
(Source: FanDuel)

4. Hedge Your Bet

If the team you bet on reaches the fina?l, you’ll likely want to hedge your bet. Since Colombia has reached the final, you would hedge your bet by betting on its opponent, Argentina, to either guarantee a profit or break even if Colombia were to lose. This way, you aren’t in the negative column. However, if Colombia wins, you’ll obviously return a larger profit.

Fanduel Argentina hedge desktop
(Source: FanDuel)

Th?e following scenarios include s??ome of the best times to hedge:

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    Hedging to rake in profits: Hedging is usually performed to make sure you secure a profit. You can choose the amount against your original bet to profit a cer??tain percentage.

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    An unlikely event occurs in the match: If you’ve bet on a team to win a match and a?n injury to a star player or red card occurs, you can hedge to make sure ??you profit, even out, or limit your losses.

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    In-play hedging: This is when you hedge ??a game live. The same scenarios as above correlate with in-play hedging.

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    Limiting losses: If it's early in a match and you think your wager?? is headed for a loss, instead of surrende??ring and taking a loss on the primary slip, you can hedge to secure a portion of your bet back. This helps preserve your bankroll.

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    Understanding how to hedge a futures bet: Futures are a common bet type for hedging. Staking a team with longer odds before a season or t?ournament ensures a higher payout if they win. Once they reach the final, for example, placing a bet on the opponent allows you to ensure you won’t come up empty-hande?d. 

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    Hedging parlays: In cases where you’ve hit every leg except the last, hedging makes sense. If you placed a four-team parlay at +2000 odds and the ??first three legs were successful, wagering on the opponent for the last game allows you to profit should it fail to succeed.

?? Now that we've discussed hedgi?ng parlays, take a look at the example below.

You placed the following parlay with four legs:

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    Atlanta United Moneyline: +110

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    Philadelphia Union Moneyline: -135

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    Seattle Storm Spread -9.5: -108

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    New York Liberty Moneyline: -280

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    4-leg parlay odds: +855

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    $50 wager to win $427.74

The first three legs with Atlanta, Philadelphia, and Seattle were all successful, but you need New York to win or the entire wager will be graded as a loss. To hedge, you would bet on the New York Liberty’s opponent ?�which, in this case, i??s the Connecticut Sun at +220.

parlay hedge example desktop
(Source: FanDuel)

The amount is up to you; however, in the scenario th??at you were confident in the Libe?rty but wanted to at least come out with a slight profit if they lose, you could wager $50 to win $110.

It would pay you $160 total with $60 in profit since you’d deduct the $50 stake from the lost parlay. If the parlay was?? successful and you hedged, you’d profit $377.74 by subtracting the $50 hedge.

Hedging a mon??eyline ?bet usually requires you to wager on a game live.

L??et’s say you bet on the Dallas Cowboys at -110 odds ($110 wins $100) against the New York Giants.?

The Cowboys�starting quarterback, Dak Prescott, gets hurt in the first quarter while the team is up 7-0 and is ruled out for the game. You believe the Cowboys will lose because the backup quarterback's skill level has dropped d??rastically compared to Prescott’s. The Giants are +125 live, so you hedge by betting $100 to win $125 ($225 in total, including stake and payout) on them to win.

In this scenario, if the Cowboys went on to win, you’d win $100 and even out, which essentially cancels out both bets. If the Giants won, you’d win $125 and profit a total of $25 since you subtract your $100 first stake on Dal??las.

The hedge serves as a safety net if you had let your initial bet ride and the Cowboys lost (??you would have lost $100).

It’s important to remember that you can use a hedge calculator in scenarios like?? this as well. These are just examples and we aren’t recommending a certain am?ount of money to be wagered.

?? The tips and strategies below should be used in a well-developed betting and hedging s?trategy.

  • Choose the Right Markets: Bet types are imperative when hedging. Futures present the simplest scenario to hedge, with teams having much higher odds, although it is difficult for the team to reach the championship or final. Moneylines and totals can be trickier to ?hedge depending on the situation, and are usually hedged live. Large line movements do occur sometimes, allowing you to hedge before the event begins.

  • Compare Odds: Always make sure to odds shop across different websites when bett??ing and hedging. One sportsbook can offer better odds for your futures bet, and if the opportunity presents itself to hedge later in the tournament, moneyline odds will be different across bookmakers.

  • Use Tools and Implied Probability: Using tools such as a hedging calculator can make things a lot easier when hedging. Also, make sure to calculate the implied probability of a team winning when c??onsidering how much you’re going to hedge in certain instances.

  • Be Practical about Limiting Your Losses: Being practical is essential because you aren’t always going to be able to lock in a profit or even ou??t. If you think the team you init?ially wagered on is doomed, and betting on the opponent offers a small loss, take it rather than losing your full stake of the initial wager.

  • Hedge Parlays: As eye-popping as the parlay payout appears, if you’re one leg away from hitting a massive payout, don’t let your pride get in the way. Hedge that last leg. It’s up to yo?u to determine the amount. A hedging calculator can be clutch in such situations.

Just about every betting strategy has positives and?? negatives surrounding it. Let’s take a look at both in terms of hedging.

Pros:
  • Lowers risk: Placing a second bet that benefits you when your first bet loses ensures you receive a small profit or reduces potential losses.
  • Maintaining a bankroll: Hedging can produce funds, enabling you to keep your bankroll steady. By locking up a profit, you can utilize that money by withdrawing it or for other wagers.
  • Can preserve parlays: Winning parlays is extremely difficult. The more legs, the lower the chance of winning. Hedging allows you to save your parlay by guaranteeing a profit in certain scenarios.
  • Hedges can prevent larger losses: For those rare occasions when you do decide to bet a larger amount of your bankroll (4-5%), should things head south during a game such as an injury, hedging allows you to limit these losses. This can also be the case with multiple bets over a period of time when hedging is done properly. Remember, no bet is ever considered a “lock.â€?/li>
Cons:
  • Hedging can cost money: You’re going to pay the vig twice since you’re placing a second bet. You might also take a small loss.
  • Poor hedging can lead to losses: If you don’t calculate the hedge properly, you can lose more money than you should. That’s why you need to calculate odds correctly and use tools such as hedging calculators. Hedging isn’t always appropriate for every situation, and some bettors hedge at the wrong times or too frequently.
  • Potential profit is lessened: Obviously hedging can be a great way to secure profit. However, it takes away some of the potential profit when your initial pick hits.

Hedging and arbitrage wagering both entail several wagers but aim for separate outcomes. Hedging tries to reduce risk on an existing bet by pl??acing a counter bet. Arbitrage betting takes advantage of price disparities between bookmakers to ensure a small amount of profit, regardless of the match's outcome.

We’ll use the MLB All-Star game as an example. The scenario will include odds from FanDuel (pictured below) for the American League and hypothetical DraftKings odds for the National League.

American League desktop
(Source: FanDuel)
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    FanDuel lists th??e American League team wi??th odds of -118.

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    DraftKings lists the National League squad at a? line of +130.

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    A smart punter becomes aware of these ?odds and believes they can use them to coll?ect a profit regardless of which team wins. They choose to wager a total of $100 split between both teams.

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    They wager ??$55.46 on the American League at Fa??nDuel.

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    They stake $44.54 on the Na???tional League at DraftKings.

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    If the American League wins, the bettor receives back $102.46 from FanDue?l (Calculation: $55.46 + ($55.46 / 1.18) = $102.46).

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    If the National Team wins: The bettor gets back $102.44 from DraftKings (Calculation: $44.??54 * 2.30 = $102.44).

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    In this example, the punter makes a profit of $2.46 if the ?Amer?ican League wins or $2.44 if the National League comes out victorious. Both options secure a profit.

This is a basic example of arbitrage betting exploiting differences in lines to collect a small profit. Remember, these opportunities are hard to find and bookies are known for limit?ing accounts if they suspect you’re employing the strategy.

Hedging is a sports betting strategy that must be used in certain scenarios and as part of a well-thought-out, multifaceted betting strategy. As a punter, you shouldn’t be placing bets or signing up for legal bookies without havi?ng knowledge of how to properly hedge a bet. Remember to use tools such as a hedging calculator and to wager responsibly.

To hedge a spread bet, you place a wager on the opposing team to cover the opposite of your initial wager.

For example, you bet on the Spurs to lose by eight o??r fewer points and you think they aren’t going to cover. If the opportunity presents itself to wager on their opponent, the Suns, to win by eight or more points, you’re guaranteeing yourself the chance not to come up empty should your initial bet fail.

Hedging a free bet involves the same examples we’ve discussed throughout this artic??le. In most cases, free bets are bonuses provided by the sportsbook after s??igning up. For instance, if you received a 100% deposit match bonus after depositing $100, you’ll get $100 in free bets.

I?f you're stuck on how to hedge a bet, calculators are e?xtremely helpful and offer recommended amounts depending on stake sizes.

It’s up to the individual bettor and their performanc??e to determine if hedging helped them profit. Hedging can be profitable in the long run when done properly.

Yes, you can hedge a losing bet live to either guarantee a profit, even out, o??r minimise losses. However, if a bet is already graded as a loss by the bookmaker after the event ends, it is clearly too late to hedge it.

The formula for hedging a moneyline bet is:
Hedge Stake = (Original Stake * (Winning Odds of Opposing Team – 1)) / (Opposing Team's Odds – 1).

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/esports-betting-sites/ Thu, 04 Jul 2024 05:42:38 +0000 //panalo111bet.com/?page_id=186431 Esports has taken the betting world by storm, offering a thrilling array of titles to wager on. In this guide, we’ll highlight the top esports betting sites and explain how to use them. Buckle up! Best Betting Sites for Esports: Ranked & Reviewed DraftKings is our pick for the top esports betting site. Let's take … Continued

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Esports has taken the betting world by storm, offering a thrilling array of titles to wager on. In this? guide, we’ll highlight the top esports betting sites and explain how to use them. Buckle up!

DraftKings is our pick for the top esports betting site. Let's take a look at its main pr??os ?and cons.

DraftKings

eSports Betting DraftKings Desktop Screenshot
(Source: DraftKings)

DraftKings currently offers three esports titles: Call of Duty, League of Legends, and Valorant.

Aside from simple moneyline bets, it presents a variety of betting choices, including forecasting map victories, spreads, and totals. It accommodates esports punters by providing its own section for making bets, allowing you to personalize your wagers based on your esports knowledge and pref??erred deg??ree of risk.

DraftKings isn't limited to strictly standard betting. Its daily fantasy platform lets you to draft a squad of esports players (within a salary cap) and score points depending on their performance. You can also compete against others in paid contests.

Pros:
  • Reputable brand
  • Offers different esports markets
  • Daily fantasy platform features esports contests
Cons:
  • Additional titles are offered but at limited times
  • Geolocation issues may occur
  • Lacks livestreaming options.

At? TPP, we test the following criteria ?when rating esports betting platforms.

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    Reputation: First and foremost, we m?ake sure the site is trustworthy. Years of successful operation and an excellent reputation ?in the sports betting world indicate whether it's worth using.

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    License: Every site we review has to be? licensed by a state government and its gaming commission. For example, DraftKings (New Jersey) is regulated by the New Jersey Division of Gaming Enforcement, which ensures the site is being run properly.

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    Variety of esports betting markets: Comparing different? esports markets all??ows us to determine which site provides the most options for its users.

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    Security: This is top priority �we want our information to be saf??e, so all websites must be encrypted. DraftKings is encr??ypted using a Secure Socket Layer (SSL).

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    We check promotions: At TPP, we provide the best promotions available on ??different operators so you can boost your bankroll and find value in t??he platforms we highlight.

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    Odds: Odds shopping across different sportsbooks and promoting sites that don’t have too much juice is import?ant for the best lines available.

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    Esports on mobile: Offering a mobile app is better than simply a mobile version. We test operators�mobile apps to see whether the esports section runs smoothly �in which case?, they ear??n a higher rating.

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    Available deposit options: We r??eview which sites offer the most preferred deposit options, and test out the methods to see if our deposit was successful.

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    Customer support: Having top-of-the-line customer ??support is imperative. Each operator’s customer support should be able to respond quickly, provide thorough answers, and figure out any issues that may a?rise.

The following step-by-step guide explains how to place?? a wager using online esports betting sites.

  1. Create an acc?ount with the bookmaker and select a w??elcome bonus.

  2. Deposit funds using your preferred method.

  3. Click on the esports tab of the sportsbook.

  4. Select the title (e.g. “Call of Dutyâ€? and event you want to wager on.

  5. Make sure to condu?ct in-depth research on the bet. Don’t wage??r blindly.

  6. Click on your wager type of choice.

  7. Review your selection in the bet slip.

  8. Place your bet.

There are a multitude of types of esports betti??ng options, ranging from fantasy to social betting sites. We’ll delve into the intricacies of each below.

Real-Money Esports Betting Sites

?? Real-money espor?ts betting sites are traditional regulated sportsbooks that allow you to wager with real money and withdraw your funds.

Fantasy Esports Betting Sites

eSports Betting DraftKings DFS Desktop Screenshot
(Source: DraftKings)

Fantasy esports betting sites enable you to create fantasy teams by picking players and earn points based on performance. Bettors can compete against each other for paid prizes. Certain operators al??so let you pick whether a player will go over or under a certain statline.

Social Betting Sites

Social esports betting platforms add a new twist to standard sites, with the emphasis not only being on gaining money but also on community. You may use virtual currency to interact with other supporters, discuss matches, and occasionally make free predictions rather than use actual money. These operators frequently run conte?sts involving virtual profits or forecast accuracy, with rewards spanning from merchandise to tournament tickets.

There a??re many massive tournaments held annually featuring various esports titles, and prize pools are often in the millions. Let's break down some of the popular ones.

The International (Dota 2)

Considered the most prestigious event for Dota 2 enthusiasts all over the world, the International is the peak of Dota 2 for professional players. This yearly esports championship tournament organized by Valve, the title's developer, boasts the finest Dota 2 teams competing for the Aegis of Champions and a multimillion-dollar purse. The tournament takes place in a different city every year an??d attracts an extensive online viewership.

League of Legends World Championship

This tournament follo?ws a similar format to The International, offering numerous betting markets for enthusiasts. Once a year, the developers organize this event, where the top League of Legends teams around the globe compete for the championship.

Counter-Strike: Global Offensive Majors

The Counter-Strike: Global O?ffensive Majors (CS:GO Majors) represents the highest level of professional CS:GO action. These Valve-sponsored competitions take place biannually and showcase ??the world's best teams. With high-intensity matches, the Majors highlight the extraordinary talent, strategy, and collaboration essential to be called the greatest in CS:GO.

Overwatch League Grand Finals

The Overwatch League Grand Finals mark the end of the campaign's postseason, with the strongest teams competing for the championship title and an enormous prize. This event is held in-person an?d often attracts large crowds.

Fortnite Championship Series

This multiple-level tournament consists of three majors that provide contestants the chance to qualify online across various regions. Experienced professional Fortnite duos will compete for glory and a share of the $7,675,000 prize pool.

Call of Duty World League Championship

The Call of Duty World League Championship is a yearly tournament in which the greatest Call of Duty teams battle it out for the world champion crown. The competition provid??es an assortment of wagering poss?ibilities, such as moneyline, spread, total, map wagers, and the MVP winner.

Starcraft II (Esports World Cup)

The Esports World Cup will hold a Starcraft II tournament in Saudi Arabia from Aug. 14-18, 2024. A field of 18 players will compete for a total prize pool of $1,000,000.

We highly suggest following t??he tips belo??????????????????????????w when punting on esports.

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Study the teams & players

Before placing any wagers, you must thoroughly research the teams and players participating in the events. Each one has certain strengths and could mat??ch up well or poorly against certain opponents.

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Familiarize yourself with the games

Having a strong knowledge of not only the title bu?t the game modes and maps can give you an edge.

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Watch the matches

Following the ma?tches live or watching reruns allows you to analyze performance and notice?? attributes that can help when wagering.

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Follow the latest esports news

Keeping up to date on which teams/player??s are performing well?? or winning certain events enables you to know when odds are skewed or if a team/player offers value.

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Analyze previous matches & statistics

Checking how teams performe?d in past contests and deep-diving into stats c??an help prepare you for staking events.

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Manage your bankroll

Sticking to a str??ict bankroll and betting 1-5% (1-2% being the ??safest) encourages responsible gambling and helps your money last longer, rather than spending a significant amount on one wager.

Betting carries risks such as addiction and financial issues. Below, we go through some tips on how to wager on esports in a responsible manner.

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    Set a budget: Stick to a budget and a designated bankroll for each bet so you don’t wager irresponsibly. Never bet more th??an you can afford.

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    Be informed: Perform? in-depth research before betting. Comparing expert analysis also helps provide you with extra knowledge on po??tential outcomes.

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    Bet smartly: Don’t wager blindly or “bet just to bet.�After you’ve conducted research, if you believe you have an edge and ?feel comfor??table making a wager, then do so.

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    Control your emotions: Don’t let the gam?e or betting negatively affect your emotions. Bet within your means and enjoy watching the games!

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    Ask for help: Never be afraid to ask for help if you feel you're becoming addicted to gambling. Be sure to take breaks or quit betting completely. You can visit //www.ncpgambling.org/ or contact the gambling support hotline at 1-?800-GAMBLER for help.

If you’re a huge gaming fan and enjoy betting, you can visit various legal sportsbooks that offer esports ?wagering, such as DraftKings. There are many markets?? available for esports, and as they continue to grow in popularity, more bookies will offer the option to wager on them.

Now that you’ve read our guide on the best sites for es?ports bet?ting, you should have a better idea of which types of wagers and titles appeal to you.

There isn’t a clear-cut way to win esports bets, but you can give yourself a better chance by conducting research to have?? an in-depth knowledge of the teams and players involved. In addition, we suggest reading and comparing expert opinions.

There are a few reasons why many sportsbooks don’t offer wagering on esports. Esports betting is a newer market that hasn’t been regulated for a significant amount of time. It also has a much larger youth following, so it could attract minors to try and gamble illegally. Large sports betting operators clearly don’t want that.

You can start esports betting by signing up for a legal sp?ortsbook that offers it. Be sure to do research and make informed decisions when wagering on esp?orts.

Like any kind of betting, esports betting can be profitable but?? it can also lead to losses. It is gambling and must be done responsib?ly.

Esports bett??ing has quickly grown in popularity over the past five years. While the market isn’t nearly as large as traditional sports betting, there is a rising demand for it.

These are sp?ortsbooks that offer wagering on Counter-Strike: Go. DraftKings offers a daily fantasy tab for it, but at the moment, there aren??’t tournaments available to wager on.

DraftKings is one of the best esports betting sites in the USA �it is one of the only American betting sites esports is available? on.

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/betmgm-promo-code/ Wed, 26 Jun 2024 10:02:47 +0000 //panalo111bet.com/?page_id=185168 BetMGM, one of the most famous gaming operators in the United States, gives new users a hefty promotion if their first bet loses. In this guide, we’ll dive into the specifics of the bonus and how to use the BetMGM promo code to unlock it. Summary of BetMGM Promo Code BetMGM Promo Code Terms & … Continued

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BetMGM, one of the most famous gaming operators in the United States, gives new users a hefty promotion if their first bet loses. In this guide, we’ll dive into the specifics of ?t??he bonus and how to use the BetMGM promo code to unlock it.

  • Good way to try out the sportsbook
  • Losing first bet paid back provides protection
  • Small deposit is required to unlock the promotion

Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER

OfferReceive up to $1,500 in bonus bets back if your first bet loses.
Promo code  BETMGMBONUS
Minimum deposit$10
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Eligible statesNC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH and KY
BetMGM mobile appThe offer is available on the mobile app and desktop
Offer expirationThe promotion runs through Dec. 31, 2024, and the bonus bets expire after one week

Before opting in for any bonus, it's important to be aware of its requirements and conditions to avoid any surprises. Here is a ??ru??ndown of the BETMGM promo code terms:

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    This bonus is for new users only.

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    A minimum deposit of $10 is required.

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    The bonus code can be entered when signing up.

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    Users in every ?eligible state must be 2?1+ except for Kentucky (18+).

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    Your first bet after signing up and opting in must lose in order to receive up to $?1,500 back in bonus bets.

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    If you win, you won’t receive the bonus.

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    The minimum wager amount is $1.

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    Promotional funds can only be used at BetMGM’s sportsbook.

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    Bonus bets must be used withi??n seven days, or they’ll be forfeited.

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    There is a one-time play-through for the bonus.

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    Once r??eceived, the bonus can’t be withdrawn for cash. It must be played through once before withdrawal.

BetMGM’s $1,500 bonus first bet is currently its top bonus offer for?? new users.

Get up to $1,500 Paid Back, First-Bet Offer

BetMGM's promotion allows new customers to have their first lost stake reimbursed with bonus bets of up to $1,500. Deposit at least $10, put your initial wager on any sport, and if it fails, BetMGM will refill your?? account with bonus bets to cover your losses. Remember, these bonus bets expire after a week.

The bonus is paid in five $300 bonuses if you deposit $1,500, wager it, and lose. For a smaller first-time bet, such as $25, you’ll receive one $25 bonus bet if you lose. The promotion is strictly for your first bet, so if you deposit $1,500 and bet $100 on yo??ur first bet and lose, you’ll receive $100 back.

If you lose your fir??st wager and successfully win using the bonus bet, you can withd??raw your winnings. If your first bet wins, you keep your winnings and the bonus isn’t applied.

  1. Go to BetMGM’s online sportsbook and create an ??account.

  2. ?? Deposit at least $10 and enter the bonus code: BETMGMBONUS

  3. Make a real-mo?ney wager of $1-$1,500. If your first bet loses, you’ll get back up to $1,500 in bonus bets. However, you’ll likely want to wager higher than just $1 to make it more valuable.

  4. Use the bonus bets within seven days ??before they expire.

  5. If you win usin?g the bonus bets, you can now withdraw your winnings since the one-time playthroug?h (1x rollover) was completed.

While this bookie offers new customers a healthy first-bet promo, it also allows existing cus?tomers to win free bets and other perks featured below.

betmgm refer a friend desktop screenshot
  • BetMGM Refer a Friend: BetMGM provides a referral program that allows you to earn $100 in free bets for each person you refer, as long as they create an account and place at least a $100 wager. Both you and your friend will receive a $100 bonus after settling their qualifying bet. You can refer up to 20 friends each month and receive up to $2,000 in bonus bets. There is a 1x play-through requirement on the bonus, and your friend needs to sign up and place the bet within 30 days of you sending the link. Both parties must be located in the same state wh??ere BetMGM operates.

  • Grand Slam Jackpot: Every weekend (Friday through Sunday) during the MLB season, you can opt in to the Grand Slam Jackpot and place a $10 bet on any player to hit a home run. If the selected player hits a grand slam during the same game and you opted in, you will share a $50,000 bonus bet pool alongside other winners who picked the same player or another player who hit a grand slam. The jackpot resets every day, o??ffering you three opportunities every weekend to earn a share of $50,000. The bonus bets must be used within seven days.

  • Odds Boost Tokens: A frequent promotion provided by BetMGM are odds boost tokens. When you utilize a token, it increases the odds of your selected wager by a certain amount. This means that if your punt triumphs, you will receive a greater payout than you would have with the original odds. The bookie?? provides tokens for a variety of sports and le??agues such as golf (PGA), soccer, hockey (NHL), basketball (NBA), baseball (MLB), and football (NFL). Tokens are usually boosted 25%, 33%, or 50%.

  • MGM Rewards: BetMGM's tiered VIP program allows you to accumulate points for each dollar wagered. These can be redeemed for free bets to ?use on future wager??s, or at MGM Resorts to book rooms or for dining options. As you climb the tiers, you unlock special perks and promos.

  • Swing for the Fences: Swing for the Fences is a free daily game available within BetMGM's sports betting app. You play as the batter and pick one of four provided areas inside the strike zone. If you achieve a single, double, triple, or home run, a bonus will be rewarded. Hit a home run to win the top prize: a $50 bonus wager. Fr??ee?? promos include parlay boost tokens, odds boost tokens, SGP boost tokens, bonus spins (in eligible casino states), and free bets. This can be played once per day during the MLB season.

betmgm swing for the fences desktop screenshot

From NBA basketball to badminton, BetMGM provides a ton of prima?ry and secondary markets to bet on.

  1. Football (NFL)

  2. Basketball (NBA)

  3. Baseball (MLB)

  4. Hockey (NHL)

  5. Football (NCAA)

  6. Basketball (NCAA)

  7. Boxing

  8. Mixed Martial Arts (MMA)

  9. Soccer

  10. Rugby

  11. Cricket

  12. Golf

  13. Tennis

  14. Baseball (Other leagues around the world)

  15. Motorsports (Nascar and Formula One)

  16. Lacrosse

  17. Snooker

  18. Swimming

  19. Cycling

  20. Handball

  21. Darts

  22. Badminton

betmgm casino bonus desktop screenshot

BetMGM Casino's welcome offer allows first-time customers in New Jersey, Michigan and Pennsylvania to receive a 100% deposit match of up to $1,000 on deposits of $10 or more by using the promo code “BETMGMCASINOBONUS.�P??layers can also receive a complimentary $25 casino bonus for signing up. In West Virginia, new customers are eligible for a 100% dep?osit match of up to $2,500 on deposits of $10 or more, as well as a free $50 casino bonus and 50 bonus spins.

BetMGM Poker Promo Code

betmgm poker bonus desktop screenshot

BetMGM Poker provides a welcome offer for new poker players using the code BETMGMPOKERBONUS. This code u??nlocks the following:

Receive a 100% match on your first deposit of up to $1,000. You’ll also be awarded bonus tournament tickets depending on how much you deposit. The more you deposit, the more tickets you'll receive (up to a? maximum of?? $75). These tickets offer you access to a variety of online poker tournaments on BetMGM's website.

The BetMGM promo code is one of the best welcome offers a?vailable among US operators. It allows you to not only try out the site, but r??eceive back your first bet if it loses. If you plan on depositing up to $1,500 and using the book often, the promo is a great way to build up your bankroll.

Remember to gamble responsibly, stick to a designated bankroll, an?d never wager more than you can afford to lose.

New users can receive up to $1,500 in bonus bets if their first wager (up to $1,500) lose?s by using the BetMGM new user promo code. If their first wager wins, they keep the winnings and don’t receive a bonus.

Yes, the sportsbook bonus code is BETMGMBONUS.

The casino bonus code is BETMGMCASINOBONUS.

You can receive a $1,000 deposit match for BetMGM’s online casino using the promo code BETMGM?CASINOBONUS. You’ll also receive an extra $25 on the house simply for signing up. The terms and conditions vary per state, for example the BetMGM Michigan promo code requirements may be different than New Jersey’s?.

BetMGM allows users to refer up to 20 friends a month and provides a $100 bonus for each one. They must ??deposit at least $100 and use the same state app as you.

You can enter the promo code o?n BetMGM when signing up for a ne??w account and depositing.

The promo code is BETMGMBONUS for the sportsbook.

The casino does offer a BetMGM promo code with no deposit. When you sign up for the casino, you’ll receive $25 in free bets without having to make a deposit. The BETMGMCASINOBONUS promo code al??so gives you a 100% deposit ??match.

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/borgata-promo-code/ Fri, 28 Jun 2024 10:39:14 +0000 //panalo111bet.com/?page_id=185495 Are you thinking of signing up to Borgata? Now's the time â€?the bookie is currently offering new members a free play bonus, where you can earn $100 in free bets if you stake at least $20 on your first wager. Read on as we delve into the details of the promotion, showcase other bonuses, … Continued

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Are you thinking of signing up to Borgata? Now's the time �the bookie is currently offering new members a free play bonus, where you can earn $100 in free bets if you stake at least $20 on your first wager. Read on as we delve into the details of the promotion, showcase other bonus??es, and explain how to activate the new user welcome offer without a Borgata promo code.

  • $100 in free bets just for betting $20
  • Offers the chance to try out the bookmaker
  • Tons of markets to bet on

Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER

OfferWager $20 and receive $100 in promo funds
Promo CodeA promo code isn’t required
Minimum Deposit$20
Minimum Wager$20
Eligible Bet TypesAny market (minimum -200 odds)
Eligible StatesNew Jersey
Borgata Mobile AppThis offer works for both the mobile app and desktop
Offer ExpirationDec. 31, 2024 (free bets expire after a week)

Before signing up for any bonus, ensure you are clear about all associated T&Cs. Here is a rundown of the Borgata promotion:

  • List Icon

    You must be at least 21 years old.

  • List Icon

    If you accept this bonus, you can’t receive any ??other sports welcome offer.

  • List Icon

    You must deposit a??t least $20 and wager minimum $20.

  • List Icon

    You can’t use an odds boost t?oken when placing the qual?ifying bet.

  • List Icon

    The minimum odds f?or qualifying ?wagers are -200 or higher.

  • List Icon

    $100 in bonus bet?s will be awarded regardless of w?hether you win or lose the $20 bet.

  • List Icon

    The credit is awarded as two $50 bonuses.

  • List Icon

    Each bonus bet has to be placed as one strai?ght bet or one parlay, and cannot be split between various bet placements.

  • List Icon

    Promo funds must be used within seven days of receiving ?them.

  • List Icon

    Bonus?es cannot be redeemed for c??ash when first received.

  • List Icon

    The credit isn’t eligible to be used on any other Borgata platform along with BetMGM (sister brand).

At the time of writing, this Borgata sports promotion is its most v??aluable offer for new customers.

Bet $20, Get $100 in Bonus Bets!

In order to claim this excellent introductory bonus, you'll need to sign up, make a minimum deposit of $20, and put your first wager of $20 or more on any sport of your choice. It must be a straight bet or parlay. Whatever the outcome of your wager (with at least -200 odds) is, you'll receive $100 in free bets to use on subsequent bets. Keep in mind that th?is deal is only available to ne?w customers, and the bonus bets expire after one week of receiving them.

How to Input the Borgata Promo Code desktop screenshot

While no Borgata promo code is required for this promotion, let's take a look at how to sign up and enter it if you come acros??s one in the future.

  1.  Go to Borgata Sportsbook an??d create an acc??ount.

  2. Enter your personal information and allow Borgata to verify your ?lo?cation.

  3. Select your payment method.

  4. Deposit at least $20.

  5. You don’t have to enter a promo code to receive?? the bonus, but if you are using one, click on “Got a Promo Code?�and type it in.

  6.  ? Find the sportsbook after your deposit is confirmed.

  7. Place a well-researched wager of $20 or ?more.

  8. Regardless of whether ??the stake succeeds or fails, you’ll be awar?ded $100 in promo funds.

  9. You have one week to use the ??cred??it on betting before it expires.

desktop screenshot of Borgata Bonus Offers for Existing Customers

The following offers can be enjoyed by?? existing customers who have already claimed a sign-up bonus.

  • Euros Pick-A-Football: During the 2024 UEFA European Championship (ending July 14, 2024), customers can wager at least $10 in cumulative bets (minimum of -200 odds??) on the tournament to be offered the chance to “pick a football.â€?Selecting a football awards you a random prize from $1-$5,000 that has to be wagered in the casino. Depending on the size of the bonus awarded, you have either three or seven days to use it. There is a 1x rollover for the bonus bets.

  • Odds boost tokens: Borgata offers odds boost tokens for certain events, which essentially let you raise the possible payout of a given wager by improving the odds. If your stake wins with the boost applied, you are guaranteed a higher payout than with the initial o??dds. These tokens frequently?? come with wagering limits and are limited to certain sports.

Borgata, as well as BetMGM (Borgata’s sister brand), offer the opport??unity to wager on a plethora of primary and? secondary markets. Remember, the promotion discussed in this article can only be used on Borgata’s sports betting platform. As for available sports, you can enjoy major sports leagues such as NFL, NBA, MLB, and NHL, alongside college, combat, international, niche, and other sports categories.

desktop screenshot of Borgata Casino Promo Code

If you're a new Borgata casino member (21+ and in N?ew Jersey), you can receive a 100% deposit match?? up to $1,000, on deposits of at least $10. You'll also receive $20 in bonus funds on the house, for which there is no promo code required.

The $20 bonus has a 1x rollover and must be used within three days a?fter completing your registration. The deposit match bonuses have a 15x play-through requirement and are valid for 30 days before they expire.

?? New users must be 21 or older and the promotion runs through Dec. 31, 2024.

desktop screenshot of Borgata Poker Promo Code

Borgata is offering its new poker users (21+) located in New Jersey a 100% de?posit match (up to $1,000) and up to $?75 in tournament tickets. A promo code isn’t required for this promotion.

  • Deposits be??tween $10-$499 award $25 in tourna?ment tickets.

  • Depositing $500-$999 earns $50 in tickets.

  • An??y deposit above? $1,000 awards $75 in tickets.

? The deposit match promo funds are released in $20 increments as you e??arn reward points. Tournament tickets expire 14 days after being issued.

While Borgata’s welcome offer might not be the largest, it still holds value as you earn $100 in bonus bets regardless of the outcome of your fir?st bet. It offers the opportunity to make a small boost to your bankroll and try out the site. Remember to bet responsibly, research before betting, stick to a designed bankroll, and never stake more than you can afford to lose.

Yes, you can legally bet with Borgata Spor??tsbook and?? claim the promotion as long as you are 21 or older and physically located in New Jersey.

You are eligible to receive the promo only if you are a new user who has not already claimed a welcome bonus, previously deposited, or wagered. A Borgata ??sportsbook promo code isn’t necessary.

The promotion is valid until Dec. 31, 2024, and can be redeemed in ??June 2024. It doesn’t require a bonus code, but if you find one on another site, feel? free to enter it.

Existing users can receive free bets on Borgata’s casino by placing $10 in bets on Euro 2024?. New casin??o customers can receive free money via the deposit match bonus.

No, you don’t need a Bor??gata free casino promo code to receiv??e the casino deposit match.

At the moment, there isn’t one available.

The post Borgata Promo Code: Trusted Guide for US Bettors appeared first on panalo111bet.com.

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/draftkings-promo-code/ Thu, 20 Jun 2024 08:00:05 +0000 //panalo111bet.com/?page_id=183988 DraftKings has been an industry kingpin for over a decade. It began as a daily fantasy platform and has since released a highly popular sportsbook and casino. Users can benefit from various bonuses, including a bet $5, and receive $150 deal that doesn’t require a DraftKings promo code. Summary of DraftKings Promo Code DraftKings Promo … Continued

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DraftKings has been an industry kingpin for over a decade. It began as a daily fantasy platfo??rm and has since released a highly popular sportsbook and casino. Users can benefit from various ??bonuses, including a bet $5, and receive $150 deal that doesn’t require a DraftKings promo code.

  • Tiny investment allows a bigger potential return.
  • Nice way to try out the platform.
  • No promo code required.

Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER

OfferFirst-time DraftKings customers can bet five dollars and receive $150 in bonus bets.
Promo CodeNo DraftKings sportsbook promo code is required.
Minimum Deposit$5
Minimum Wager$5
Eligible Bet TypesAny market on DraftKings.
Eligible StatesAZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WY and WV.
DraftKings Mobile AppThis offer is available on both the DraftKings mobile and desktop apps.
Offer ExpirationBonus bets are valid for seven days.

The terms and conditions of the DraftKings promo are listed below.

  • List Icon

    The bonus is for first-time DraftKings ?sportsbook members.

  • List Icon

    You must deposit at least $5.

  • List Icon

    ?A $5 minimum wager m??ust be made before 11:59 p.m. (ET) on June 30, 2024.

  • List Icon

    The $150 bonus is paid out as ??six $25 bonus bets and is awarded regardless if you win or lo?se the qualifying $5 bet.

  • List Icon

    Promo funds are vali??d for seven days and will become void after.

  • List Icon

    The bonus is nonrefundable an?d cannot be withdr?awn.

  • List Icon

    You must be 21 years old to receive the wager and physically located in AZ, CO?, CT, IA, IL, IN, KS, LA, MA, MD, ME, MI, ?NC, NJ, NY, OH, PA, TN, VA, or WV. Users KY and WY must be 18 or older.

This section explains the best ??two DraftKings promos for first-time users.

Bet $5, get $150

DraftKings bet 5 get 150 desktop screenshot

Users who previously haven’t had an account with DraftKings can bet at least $5 after depositing a minimum of $5 and be provided with $150 in bonus bets. The credit can be used on any market and has a 1x rollover. For example, if you win your wagers with the bonus, the fu?nds can be immediately withdrawn.

$1,000 deposit bonus

DraftKings customers can earn a $1,000 deposit bonus by depositing at least $5,000. The promo funds are equal to 20% of the qualifying deposit ($5,000). For every $25 spent on any DraftKings product, the user will obtain $1 into their account. This is valid for DFS, sportsbook bets with odds of -300 or longer and casino games. There is a play-through of ??$25,000 in order to receive the entire $1,000 bonus. Players have 90 days (starting from the deposit date) to play through the funds.

DraftKings sign up desktop screenshot

The ??step-by?-step guide below shows how to earn the bonus.

  1. Visit DraftKings.com and make an account.

  2. ? Fill in your personal information so DraftK??ings can verify you.

  3. Deposit at least $5.

  4. Make a bet of $5 or more.

  5. Regardless if the bet wins or? loses, you’ll receive $150 in promo ??funds.

  6. You have seven days to use the $150 bonus ??(1x rollover).

Regular bettors at DraftKings can enjoy the following promotions, ?which add value to its overall product. A DraftKings promo code for existing customers?? is usually not required.

  • No Sweat Same-game Parlays (SGPs): An excellent perk of DraftKings is its No Sweat SGPs. These are provided during different seasons for various leagues. For example, during the NBA Playoffs, users could opt-in to a No Sweat SGP and if their parlay lost, they’d receive the amount of their stake in bonus bets. The parlay must have at least three legs and requires a minimum of -500 odds or longer pe?r leg. Additionally, the No-Sweat SGP token must be manually applied.

  • Refer A Friend: DraftKings users can refer a friend by sending a personal referral link. The person must be new to DraftKings and can’t already have an account on any DK platform. Once they make a minimum deposit of $25, both ??the referrer and the invited friend will receive 100% profit boost tokens. Deposits between $25-$49 provide two profit boosts. Between $50-$99 deposited rewards five profit boosts. A deposit of $100 or more by the invited friend gives both parties 10 profit boosts. They are all 100% profit boosts and must be manually applied when betting. The maximum additional winnings you can earn from each boost is $250.

  • Loyalty Program (Dynasty Rewards): DraftKings' Dynasty Rewards program allows you to earn points for wagering on the ?site, whether it be at the sportsbook, DFS area or casino. You can earn Crowns (their currency) and tier credits by playing. Crowns are redeemable for rewards and experiences, whereas tier credits grant access to higher tiers with additional perks such as exclusive contests and premium customer assistance.

In this section, ?we’ll compare the DraftKings Sportsbook promo to the ones at Borgata, FanDuel and BetMGM.

BookieDraftKings Promo CodeBorgata Promo CodeFanDuel Promo CodeBetMGM Promo Code
Amount$150$100 $200$1,500
Minimum deposit $5 $20 $5 $10
Minimum wager $5 $20 $5 $1
Eligible betsAny market on DK Sportsbook Any sportsbook market (minimum -200 odds) Any sportsbook market Any sportsbook market
RequirementsBet $5, receive $150.Bet $20, receive $100.Wager must win to receive the $200.Receive up to $1,500 back if your first bet loses.
Available StatesAZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, ME, MI, NC, NJ, NY, OH, PA, TN, VA, WY and WV. NJAZ, CO, CT, DC, IL, IN, IA, KS, KY, LA, MD, MI, NJ, NY, NC, PA, TN, VA, VT, WV, WY NC, NJ, IN, WV, DC, CO, PA, MI, IA, AZ, LA, TN, IL, VA, MD, MS, WY, MA, KS, OH and KY  
Mobile appYesYesYesYes
Expiration June 30, 2024 Dec. 31, 2024June 23, 2024Dec. 31, 2024

The DK promo is a much better deal than Borgata’s because it’s a higher amount and available in many mor?e states than just one. It’s also guaranteed at DraftKings, regardless if you win or lose, unlike FanDuel, where you have to win to receive the bonus. BetMGM’s $1,500 paid-back bet works a little differently. If you lose your first bet of up to $1,500, you’ll receive it back in bonus bets. The BetMGM promo is definitely the best of the four if you enjoy betting higher amounts.

DraftKings offers many diffe??rent sporting markets, including professional, college and niche leagues.

  1. Football (NFL and college)

  2. Basketball (NBA, WNBA, college and Olympics)

  3. Baseball (MLB and other leagues)

  4. Hockey (NHL and more)

  5. Soccer (International and club)

  6. Tennis (ATP and WTA)

  7. Mixed Martial Arts (UFC)

  8. Boxing

  9. Golf (PGA Tour)

  10. Cornhole

  11. Cricket

  12. Darts

  13. Surfing

New users at the DraftKings Online Casino can wager $5 on any game except craps and receive a $50 bonus. Customers must use real money or DK Dollars. Yo??u also have to be physically located in CT, MI, NJ, PA, or WV. There is a 1x rollover for the promo. Users must opt-in and there isn’t a promo code for DraftKings casino that is required.

DraftKings daily fantasy offer desktop screenshot

DraftKings is offering new members on its DFS platform a 20% deposit match of up to $500 in DK Dollars. When signing up, enter the promo code “SAVE.�There is a minimum deposit of $5 and a 25x playthrough req??uirement.

DraftKings pick 6 offer desktop screenshot

 Cus??tomers who haven’t played Pi?ck6 at DraftKings can receive $50 in Pick6 credits who wager $5 or more in their first Pick6 contest.

Pick6 requires users to pick multiple players to go over or under their total. A pick6 entry must contain between two and six picks. In order to receive the bonus the entry must be $5 or more. Customers ?can’t make five different e?ntries at a dollar each.

The bonu??s is awarded after the conclusion of the entry or within 72 hours. The $50 credit must be used within 180 days. There is an optional promo code: “PICKNOW� Users can enter it or just meet the $5 threshold and receive the bonus funds. It is one of the best DraftKings promo codes currently available.

Using a DraftKings promo code can present a qu??ick opportunity to boost your bankroll or try out the platform. The small investment of $5 and much larger return of $150 in bonus bets is an excellent deal. A one-time play-through also allows for ??a quick withdrawal should your wager triumph. Remember to bet responsibly and never wager more than you can afford.

Yes, DraftKings is legal in 23 states. Different states have different regulations for DFS, the sportsbook and the casino. Be?? sure to check before signing up.

There usually isn’t a promo code for DraftKings when opting into?? bonuses. Although, in a rare case where it is required, you’d enter the promo code for DraftKings Sportsbook when depositing.

Yes, DraftKings provides free play for new users and other frequent bonuses for its exi?sting players.

New users can earn $50 in bonus bets on DraftKings�casino if they m??ake a first bet of at least $5. At the moment, DraftKings isn’t offering casino promo codes for existing use??rs.

Go to DraftKings�website or search on Google for a promo code. Make sure you use a reputable site. You can try the following keywords: “DraftKings promo code new user,�“DraftKings promo code no deposit,�“Promo code DraftKings,�and “DraftKings sign up promo code.�/p>

When referring a friend to DraftKings, the user must deposit via your re??ferra??l link.

Currently there aren’t any DraftKings new user promo codes without having to deposit??.

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/betmgm-gift-card/ Tue, 18 Jun 2024 10:59:54 +0000 //panalo111bet.com/?page_id=183629 With MGM Resorts International's launch of BetMGM online in 2018, the company has expanded its reach, continually innovating to stay at the forefront of gaming. In this article, we’ll guide you through the use of BetMGM gift cards, a seamless and convenient option for making deposits at their sportsbook and casino. How BetMGM Gift Cards … Continued

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With MGM Resorts International's launch of BetMGM online in 2018, the company?? has expanded its reach, continually innovating to stay at the forefront of gaming. In this article, we’ll guide you through the use of BetMGM gift cards, a seamless and convenient option for making deposits at their sportsbook and casino.

  • Quick and easy to use
  • BetMGM doesn’t charge fees when depositing with it
  • They never expire

Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER

betmgm gift card desktop screenshot

BetMGM gift cards are essentially prepaid cards designed exclusively?? for depositing money into your BetMGM account. When you deposit using one, it includes ??a $10 deposit bonus for the sportsbook or casino.

Her??e's a step-by-step example from buying one ??at the counter to successfully depositing with it on the site.

  1. You may purchase a BetMGM gift card at partnering merchants that sel?l them. They are ?commonly available in quantities of $25 and $50.

  2. Once you've got your hands on one, sign in to your BetMGM account and click on the ‘Deposit' option. Next, select it as your payment method.

  3. Find the PIN behind the scratch-off part on the back of the ca?rd. Enter this PIN online.

  4. After successfully redeeming the gift card, the amount will be applied to your BetMGM balance immediately. You can subsequently spend the funds at the web-based sportsbook or at the online casino.

  5. ?? If you use the funds to place a bet and win, you can withdraw the winnings from your account.

It's important to note that BetMGM gift certificates can only be used once. They can’t be reloaded, and any remaining balance remains until it is fully used. You also can’t withdraw funds from the card.

In the unlikely scenario that your card is declined?, it’s either because you have already redeemed it or because ??the PIN was entered improperly.

BetMGM gift cards are different ??from MGM Resorts gift cards. The latter can't be used at the sportsbook, whereas BetMGM gift cards can't be used for accommodation or dining at retail resorts.

In 2021, BetMGM announced it had partnered with TAPPP, a leading provider of flexible payment methods, to supply BetMGM gift cards at major convenien??ce and supermarket retail chains. They are available in states where sports betting and BetMGM are legal.

Here are a few stores that carry them:

  1. 7-Eleven

  2. Dollar General

  3. Speedway

  4. Sheetz

  5. Kum & Go

BetMGM gift cards cannot currently be purchased online. So, be careful �if you come across a website that sells them, it is a scam. On the other hand, MGM Resorts digital gift cards can be pur??chased online directly from the site or from various sellers, such as Amazon, Kroger, or Office Depot.

If you type in on Google search “BetMGM gift card near me,�a BetMGM gif?t card ?TAPPP store locator will appear as the first option, and you can browse stores that carry them in your area.

betmgm store locator desktop screenshot

The benefits of ??BetMGM gift cards outweigh their drawbacks, and we dive into each of t??hem below.

Pros:
  • They make great gifts for sports betting or casino enthusiasts.
  • A $10 deposit bonus is awarded when using the gift card on BetMGM.
  • You don’t have to use your debit or credit card and provide personal information when depositing with the gift card.
  • There isn’t a fee when depositing with it.
  • The gift cards never expire.
  • Since the gift cards come in denominations of $25 and $50, using one can aid you in sticking to a certain budget.
Cons:
  • Since they are prepaid cards, once you purchase one, you can’t be refunded.
  • If you lose it before depositing, you can’t replace it, and the funds are lost.
  • They are only available at select retailers and can’t be bought online.
  • While the denominations can help stick to a certain budget, the card is limited to strictly two amounts.

Punters can also use the following deposit ?methods when bet??ting on the desktop site or mobile app.

Deposit MethodMinimum DepositDeposit Time
Debit/Credit card$10Within seconds
PayPal$10Within seconds
Online bank transfer$10Within seconds
Play+$10Within seconds
Apple Pay$10Within seconds
PayNearMe$10Up to 15 minutes

BetMGM gift cards provide a unique benefit for responsibly managing your bankroll since they come in p??reset denominations and cannot be reloaded. Furthermore, purchasing a gift card protects your debit and credit card details, which you may prefer f??or security concerns.

To activate a BetMGM gift card, log int??o your account and select the deposit option. After you’ve scratched off the film, enter the PIN from the back of the card. The amount of the gift card will be added to your balance and you’re now ready to place bets.

BetMGM gift cards can be purchased at select retail stores, such as Dollar General, 7-Eleve?n, Speedway, Sheetz, and Kum & Go.

BetMGM gift cards can be used at BetMG??M’s online sportsbook and online c??asino.

Yes, BetMGM gift cards can be redeemed ??on the mobile app and can be used for betting on ??it as well.

BetMGM gift card funds will appear in your account within a couple ?of seconds.

MGM Resorts e-gift cards can be purchased directly through the site or from retailers such as Amazon?. MGM Resorts gift cards are also available through email delivery.

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/fanduel-promo-code/ Mon, 17 Jun 2024 07:40:29 +0000 //panalo111bet.com/?page_id=183378 FanDuel has been a prominent force in the US gaming industry since the inception of its daily fantasy platform in 2009. The company launched its sportsbook in 2018, and users can enjoy bonuses without a FanDuel promo code simply by signing up. Summary of FanDuel Promo Code FanDuel Promo Code Terms and Conditions The highlights … Continued

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FanDuel has been a prominent force in the US gaming industry since the inception of its daily fantasy platform in 2009. The ??company launched its sportsbook in 2018, and users can enjoy bonuses without a FanDuel promo code simply by signing up.

  • Provides users with free bets.
  • Creates an opportunity to boost a bankroll.
  • Adds extra value with its low rollover.

Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER

OfferNew users on FanDuel can receive $200 in bonus bets if they simply deposit and bet at least $5.
Promo Code  There is no promo code required for this bonus. All you have to do is be a first-time customer and create an account.
Minimum depositThe minimum deposit is $5. You can deposit more if you’d like.
Minimum wagerThe minimum wager is $5. You’re allowed to wager any quantity over $5.
Eligible bet typesThe bonus can be used on any market found on FanDuel’s sportsbook.
Eligible statesThe bonus is limited to persons who are 21 and over (18+ in Washington, D.C.) and physically located in Arizona, Colorado, Connecticut, the District of Columbia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Michigan, New Jersey, New York, North Carolina, Pennsylvania, Tennessee, Virginia, Vermont, West Virginia, or Wyoming.
FanDuel mobile appThis offer works on the desktop and FanDuel mobile app.
Offer expirationThe bonus funds must be used within one week of reaching the account. After seven days, any unused portion of the bonus will be withdrawn from your account.

The highlights of the terms and c??onditions include:

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    This $200 bonus can only be used in the spo??rtsbook.

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    The first wager mu??st win? in order to receive the bonus.

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    The promotion ends on June 23, 2024.

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    Users of FanDuel who accept this promotion must be 21+ in each state, excluding Washin?gton, ?D.C. (18+).

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    It is limited to one per customer.

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    The initial depos?it must be at least $5, and the minimum stake is $5.

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    The deposit has to be made online and not at a physical sport?sbook.

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    After meeting the criteria to receive?? the bonus, FanDuel will add the $200 to your account within 72 hours.

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    FanDuel reserves the right to refuse a?? promotion for any reason.

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    If you participated in anot??her FanDuel promotion, you aren’t eligible for this one.

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    When using the bonus, you must manually select it in the bet slip window? to use it.

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    This wager can be used on any market.

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    The bonus cannot be withdrawn or transferred.

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    If you wish to cancel the prom?otion, contact FanDuel’s customer support.

If you want to read the full terms and conditions, visit FanDuel promo page and click “More Info.�/p>

The two offers below ?are the best FanDue?l offers for new members.

Bet $5, Get $200 if You Win

FanDuel is giving new customers $200 in sportsbook bonus bets. You must make a minimum deposit of $5, followed by a bet of at least $5. If the bet wins, you receive $200 in promo funds. After you’ve qualified for the bonus, FanDuel inserts it into your account within 72 hours. O?nce the bonus is received, it doesn’t have to be used all at once. If you win your bonus bet, you’ll receive the winnings but not the original stake since it was made with promotional funds. It has a 1x rollover, so if you wager your bonus bet and win, you can withdraw you?r winnings.

Bet $5, Get $300 if You Win

screenshot of fanduel bet 5 get300 promo desktop

Across most states, FanDuel offers users the chance to bet $5 and receive $200 in bonus bets. Although, it has bumped the bonus up to $300 for those located in Massachusetts and Ohio.

  1. V?isit Fan??Duel’s website and create an account.

    screenshot of fanduel create account desktop
  2. Deposit at least $5.

  3. Make a real money wager of $5 or more.

  4. If ?the bet wins, you’ll receive a $200 bonus.

  5. You can now withdraw your win??nings since it is a one-time playthrough (1x rollover).

A commonly asked question we receive is whether you have to down??load the app to receive the bonus. FanDuel’s customer support stated that it is not a requirement.

screenshot of fanduel refer a friend promo desktop

What separates FanDuel from many competitors is its promotions for existing bettors. While many sportsbooks offer he??althier welcome bonuses, it’s rare they provide 30% profit boosts which? we’ll discuss below.

  • Same game parlay:?? SGPs are extremely popular on FanDuel. The operator features both preset ones and popular ones many people have placed. FanDuel boosts certain SGPs, which helps create more value for the bett??or.

  • BetItGetIt: If you post a screenshot of an SGP on FanDuel’s BetItGetIt post on X (formerly Twitter), the sportsbook might select you and award $100 in free bets. The ??parlay must be between four and six legs and have odds betwe??en +400 and +5000. The minimum amount for the wager is $1.

  • ReferAFriend: If you refer a friend and they sign up for FanDuel and bet at least $10, you both receive $75 in promo funds ($50 for?? the sportsbook and $25 for the casino). Your friend’s bet must settle before the sportsbook bonus can be awarded. Your friend must also spend $10 in the ca?sino to receive the casino credit.

  • Profit Boost: FanDuel commonly rewards its regular customers with 30% profit boost token?s for same-game parlays. It also boosts individual wagers for certain sports while they’re in season. Currently, they’re offering 30% profit boosts for WNBA games.

FanDuel offers a wide range of p?rimary and secondary markets to wager on. The list below features the most popular, starting at the top.

  1. NFL (Football)

  2. NBA (Basketball)

  3. MLB (Baseball)

  4. NHL (Hockey)

  5. WNBA (Women's Basketball)

  6. NCAA Basketball and Football (College)

  7. Tennis

  8. Golf

  9. Boxing

  10. MMA (Mixed Martial Arts)

  11. UFC

  12. Soccer (Worldwide)

  13. Rugby

  14. Cricket

  15. Olympics

  16. Darts

  17. Cycling

  18. Lacrosse

  19. Motorsports

  20. Table Tennis

  21. Volleyball

screenshot of fanduel casino promo desktop

Customers who are creating an account for the first time can be rewarded with FanDuel’s casino bonus. If you deposit $10 or more, 200 bonus spins will be credited to your account. You can also get up to $1,000 in promo funds if you los??e up to that amount within the first? 24 hours of being a member.

There is a 1x play through for all bonus spins and the eligible slot game is “World Of Wonka.�/p>

The bonus spins will be provided over the span of four?? days, and you’ll receive 50 per day. The bonus period?? starts after you make your first real money bet.

The “up to $1,000 back�?will be deli?vered within 72 hours. You have one week to use it.

FanDuel’s official terms and conditions state: “Users who placed bets with FanDuel Sportsbook are not eligible for this offer.�/p>

At the time of writing, FanDuel wasn’t offering any promotions for its daily fantasy platform.

Using a FanDuel promo can help you boost your bankroll, and it is extremely valuable, thanks to its one-time playthrough. Other sportsbooks have strict requirements and large playthroughs (as high as 30x), which makes it extremely difficult to withdraw? your bonus. The $5 minimum deposit and $5 minimum wager potentially leading to $200 makes it even more valuable.

Yes, FanDuel is legal in 22 state?s and in Washington, D.C.

To get $200 in bo??nus bets on FanDuel, you must register an account as a first-time user, deposit $5+ and wager $5+

Yes,?? FanDuel gives its users free play when ??they first sign up.

First-time members at the casino who haven’t placed sports bets can r??eceive 200 spins and up to $1,000 back if they are down after the first 24 hours of their first real money casino bet.

You click on a sporting event to bet, and once in the bet slip, you manually choose to?? use the free bet.

Adhere to the process above and make?? the most out of the experience.

Sinc??e there isn’t a promo code for FanDuel, all you have to do is follow the ins??tructions mentioned in this article to earn the bonus.

To find FanDuel promo codes just search for ones in your favorite search engine. Depen??ding on your stat, you can find FanDuel North Carolina promo code, FanDuel promo code Michigan or FanDuel promo code Colorado and much more.

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/win-both-halves/ Thu, 30 May 2024 08:20:03 +0000 //panalo111bet.com/?page_id=180950 To win both halves betting is primarily associated with soccer, and is common for league matches worldwide or major tournaments such as the World Cup, Euro, and Copa America. In this guide, we will explain how the wager works and what research should be done before placing it. What Is Win Both Half Betting? Win … Continued

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To win both halves betting is primarily associated with soccer, a??nd is common for league matches worldwide or major tournaments such as the World Cup, Euro, and Copa Ame??rica. In this guide, we will explain how the wager works and what research should be done before placing it.

Win both halves wagering adds a layer of complexity to a straightforward principle. Instead of simply selecting which team will win the game, you are forecasting two mini-victories within the main game. The picked team must outscore their opponents in both the first and second halves (separately). This type of wager has a larger payout because it is h?arder for a team to win each 45-minute period.

For advanced punters, winning both halves may represent a strategic tool. It can identify strong teams who are expected to dominate the full match, as well as close contests where a great first-half performance may indicate a strong second half. Upsets and second-half comebacks could lead to a loss, s??o thorough analysis is required.

To win both halves soccer desktop screenshot
(Source: FanDuel)

When Real Madrid face off against Borussia Dortmu?nd in the Champions League final, plenty of wagers will pour in on the game.

FanDuel Sportsbook, one of the most prominent operators in the U.S., is offering Real Madrid to win both halves at +370. In order to cash this bet, Los Galacticos would have to win the first 45-m??inute period, as well as the second.

 So, if the first??-half score was 1-0 in favor of Madrid, and they went on to find the b??ack of the net in the second half without conceding, the bet would successfully cash. To win both halves betting only involves regulation time (plus injury time) without including extra time.

While it’s rare to find win-both-halves markets for other sports, such as basketball or American football, some sportsbooks do of??fer them. Hockey provides similar markets, which includes “to lead after every period� Common bets for the NBA include double-result, where you can bet on who will win the first half?? as well as the entire match. This is a different type of wager.

Caesars is offering different double-result bets for Game 4 of the Western Conference Finals between the Minnesota Timberwolves and Da??llas Maveric?ks.

For this wager, you select who will win the first half, along with who will win the entire game. It dif??fers from a win both halves bet because the Timberwolves could potentially win the first half 66-50, but then be outscored 56-51 in the second half, yet still win the overall contest 117-106.

Double result Caesars example desktop screenshot
(Source: Caesars)

Win Both Halves Markets

Most U.S. sportsbooks put the home team first when displaying a match for a soccer market. For example, the Italian Serie A mat??ch Atalanta vs. Fiorentina on June 2 will be played at Gewiss Stadium (Atalanta’s stadium) in Bergamo, Italy.

Home Team To Win Both Halves

If you stake the home team (Atlanta) to win both halves �whether they’re a favorite or an underdog, the club’s odds will likely be slightly lower compared to ??if it was ?on the road, which offers an advantage with the home fans�support.

Away Team To Win Both Halves

You can st??ake the away team, Fiorentina to win both halves as well. The odds will be higher for a variety of?? reasons, including playing in hostile territory.

The?? following betting tips can be useful when trying to wager teams to win both halves. It’s vital to perform in-depth research rather than blindly betting, especially with a difficult market.

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Research Both Teams

The f??irst thing you should do is find out how many times the team has won both halves throughout the season. Look up how they have performed recently and how they’ve performed against each other in past encounters. Don’t just check to see if one club has triumphed over its past few games. Dive deeper and look at how their possession was compared to their opponents� how many shots on goal they had, the number of clear-cu??t chances, total shots, and what their expected goals were in these games and the entire season. Read up on these same stats for the opposition as well.

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Check the Official Lineups

Research which players will start the match for both sides. Look at how the teams play with the starting 11 �have they struggled or succeeded recently without their star? player(s)? When a specific player starts, have they won both halves more often or less often with him in the lineup or in a unique role? If you’re betting on one of the top teams in the league towards the end of the season, checking the lineup is always imperative as if they’ve locked up first place, the starters might not play at all. In professional soccer, the official lineups are often released 45 minutes to one hour before kickoff.

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Compare Goal History for Both Teams

Find out how many goals a team averages per half and how many per match. Should a team average 1.5 goals per game but have won five ??in a row, they probably haven’t won both halves too often. A 1-0 win won’t cash the bet.

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Analyze External Factors

Different factors such as weather, travel, back-to-back matches, and injuries play a key role when making informed gambling decisions. For example, if you’re trying to bet on Manchester City to win both halves against a squad sitting in the top half of the Premier League table and the weather is expec?ted to contain pouring rain, it will be harder for them to win both halves despite being a heavy outright favorite. Travel and back-to-back matches also make a difference. If a team played a hard match in the Champions League on Wednesday night and plays early on Saturday, they’re obviously not well rested. Traveling from across the world can also affect performance, as can injuries to top players.

The table below details b??oth the po??sitive and negative aspects of this kind of bet for a more complete picture.

Pros:
  • Bigger payouts: Since it’s difficult to win both halves, sportsbooks assign high odds to this wager, enabling bettors to receive a higher payout if successful.
  • Helps knowledgeable punters: For soccer experts who know teams and leagues in and out, the win both halves wager can be used when moneyline odds are too juiced.
  • Diversifies bet types: Certain handicappers can add this to their portfolio of different bet types in certain scenarios to mix things up.
Cons:
  • Larger risk: The win both halves bet is hard for even good teams to achieve. So, despite a first-half lead, the squad can play differently in the second half to preserve an overall victory, but not a both-halves win.
  • Limited to mainly soccer: If you’re not a soccer bettor or possess much knowledge about it, it’ll be difficult to find this bet type for a sport you are more familiar with.
  • Not appropriate for many matches: This bet is only worth taking in some games, usually for dominant favorites. Longshot underdogs might do well and take the lead in the first half, but “park the busâ€?in the second half to secure the win.

Full-time refers to the entire 90 minutes (including injury time). So, if you bet on a team to win, it doesn’t matter whether they were ahead or behind in the first half �they just need to have a winning score once th??e final whistle is b??lown at the 90-minute mark.

Full-time marke??ts also include the ability to wager on a? tie.

Betting to win both halves is a difficult wager to cash, but it can offer value in certain scenarios due to the high odds. However, high odds alone shouldn't tempt you to “try your luck� Conducting thorough research can help ??you find a specific edge, making it possible to mix up markets and identify value.

? Remember to gamble responsibly, stick to?? a calculated bankroll, and never stake more than you can afford to lose.

To win both halves, a club or national team must win both 45-?minute periods separated by intermission. Winning the game doesn’t necessarily ??mean winning both halves.

Putting effort into researching the competing teams, as well as reading various expert analysis from successful cappers, can increase your chances of winning a both halves bet. Heavy favori?tes on the moneyline often are too juiced to bet on straight up, so many punters throw them in parlays. Win both halves wagers are also challenging to cash but offer the opportunity to stick with one straight bet.

When you bet to wi?n both halves and the team you select sco?res more than its opposition in both 45-minute stretches, you successfully win the wager.

You visit a sportsbook, and it offers you Tottenham (+400) to win both halves against Liverpool (+280) to win both halves.

Liverpool has been outscoring its opponents by an average of three goals and has won five-straight contests, so you bet the Reds.

After the first 45 minutes, Liverpool leads 2??-0. In the second half, Liverpool scores twice and Tottenham does once. You’ve won yo??ur bet and can turn in the bet slip to the cashier for your winnings and initial stake back.

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/sports-betting-strategies/ Tue, 28 May 2024 09:44:04 +0000 //panalo111bet.com/?page_id=180238 Maintaining solid sports betting strategies can go a long way toward potentially earning profits, but more importantly, reducing losses, making your money last longer and betting responsibly. Simple strategies and more advanced ones help bettors maintain discipline and their bankrolls. In this article, we’ll explore different strategies that can help punters build a more rounded … Continued

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Maintaining solid sports betting strategies can go a long way toward potentially earning profits, but more importantly, reducing losses, making your money last longer and betting responsibly. Simple strategies and more advanced ones help bettors maintain discipline and their bankrolls. In this article, we’ll explore different strategies that can help punters build a more rounded ??approach to wagering.

A sports betting strategy is an established plan that extends past merely rooting for the team you love and betting based on a gut feeling. It is a methodical strategy that involves researching sporting contests, assessing matchups and maintaining a strict bankroll to place smart wagers that ??maximize your odds of succeeding over time. Understanding the odds and comparing them from various bookmakers, as well as concentrating on value instead of simply picking favorites, will help you establish a solid and responsible sports betting strategy.

Using a sports betting strategy offers protection a?gainst the house's inherent edge, the 10?% vig. By thoroughly analyzing matchups and detecting flaws in the odds, such as mismatches between teams or players, you can take advantage of scenarios where the genuine probability of an event occurring differs from what the oddsmakers estimate. It enables you to identify value bets in which the potential payoff exceeds the vig.

Discipline and self-control, which we’ll mention throughout this guide due to their importance, and bankroll management will be essential components of your plan. No betting strategy can guarantee victory, but it allows you to make ?informed judgments and perhaps overcome the h?ouse edge, which is already a disadvantage.

The attributes discussed in this section are basic but can definitel??y build the starting foundation for a sports betting strategy. Following and understanding these fundamentals? are vital.

Bankroll Management

Responsible and strict bankroll management is critical in sports betting since it prevents someone from losing their entir??e budget on a single bet or over a short period of time.

Your bankroll should?? be a very small portion of your assets and shouldn’t affect your daily life. Sports betting is for fun and should not impact your mental health.

? Betting 1-5% of your bankroll per wager is highly recommended,? with 1% being the norm. Determining a unit size is up to you, but many responsible and professional cappers consider 1 unit as 1% of their bankroll.

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    1-2 percent: Conservative

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    3 percent: Medium

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    4-5 percent: Aggressive

The most responsible choice is to place?? 1-2 percent of your bankroll on each bet. This method encourages you to focus on savoring the games instead of recklessly risking a huge chunk of your cash and increasing stress levels.

Understanding Odds

Betting odds are numbers that represent an oddsmaker's view (how likely an event is to occur) on a particular match, contest, or prop. They al?so indicate the amount bettors must risk to win a specific quantity.

The three popular types of odds are Am??erican, fractional and decimal. American odds (also known as? moneyline odds) are the most commonly found on U.S. sportsbooks. Some sportsbooks offer the option to display all three types.

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    American: +100

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    Fractional: 1/1

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    Decimal: 2.00

Knowing ho??w the odds work is critical for betting and making informed selections. It would be careless to stake blindly without understanding them. Learning the i?ns and outs will assist you in locating value bets along with setting reasonable goals, mixing odds with favorites and longshots, skipping out on poor wagers and conducting proper research.

Identify the Best Betting Lines

It is highly advised that you compare odds from various bookmakers. This is widely known as odds shopping. Many betting websites offer odds shopping tools that provide the odds for each game or prop on one pag??e, allowing you to discover which bookmaker has the best line.

Odds shopping is essential when building strategies for sports betting since every cent matters. Even the slightest differences in odds across betting sites can significantly impact long-term results. By comparing odds, you may ensure you're receiving the highest value for yourself, increasing your potential payout and decreasing?? the size of your loss if the bet doesn't prevail. This routine is especially important for professional, standard and beginner punters who wish to make better bets.

screenshot of draftkings odds shopping example 2 desktop
(Source: DraftKings)
screenshot of fanduel odds shopping example 1 desktop
(Source: FanDuel)

Use Data

Using data and researching lines is a must. If you were to bet on an NBA player prop, such as Jayl??en Brown, over 7.5 rebounds (-136), checking his recent game logs is just the start of your research. You’ll see how he did over his last five games, but it’s more important to see how many rebounding opportunities he’s averaging, how many rebounds and rebound opportunities he’s averaging versus the team he’s playing, how many rebounds the opponent gives? up to his position and who will be guarding him.

Those are a few examples of in-depth data that needs to be used. There are tons of resources online, including top expert picks from professional cappers?? who research and bet for a living.

Comparing their expert advice and reading their picks is a great way not only to tail their bets but analyzing their writeups can te??ach you things on your betting journey and show you how they conduct ??their research.

There are both subscription-based and free analyses all over the internet. Analytical models and? projection sites should also be used to see how players are projected to perform. Many of them share the expected value and edge (detailed percentages if they’re positive or negative) so you have an insight into whether it’s worth betting on the specific line.

Many cappers tweet out their picks on X. Turning notifications on for your favorites allows you to see t?heir picks before the line??s shift.

Stay Away from Parlay Bets

Consistently wagering on parlays is widely regarded as a bad betting strategy because it combines numerous individual bets into a single larger bet, requiring every pick to be successful for the parlay to be paid off. W??hile parlays have the appeal of huge winnings because of their higher odds, t?he danger increases with every leg you add to the slip.

The likelihood of winning reduces considerably when additional bets are made, making it far more difficult to complete a successful parlay. Furthermore, bookmakers often charge a bigger margin for parlays, which means the odds offered are far less favorable than for individual bets. This inherent disadvantage, along with the increased difficulty of winning, renders parlays an? unreliable and frequently unsuccessful betting strategy in the long term.

We’re not saying ??to stay away from them altogether, just ?to limit and bet them responsibly.

Be an Expert Regarding a Team/League

A thorough understanding of a specific sports league makes you a far more knowledgeable bettor. This lets you look beyond just the point spread or money line and explore variables that may sway the game in an unexpected fashion. Injuries, recent performance streaks (team or player), player matchups, and coaching matchups can all affect the outcome. Mastering the comp?lexities of the league allows you to unco??ver potential betting possibilities that the bookmaker may have missed, providing you an advantage over the standard bettor.

The following advanced sports betting strategies are excellent to know. Mixing them ca??n help you become a balanced handicapper.

Hedging Bets

Hedging bets can help you guarantee at least a small profit in certain scenari??os, especially regarding a futures bet. If done properly, it minimiz?es risk and secures gains.

For example, if you bet on an NFL team during the preseason at high odds to win the Super Bowl and they reach it. As the season goes on and they start winning, their odds will massively decrease. You might’ve taken them at 28-1 to win it all, but after Week 14, they might be down to 5-1 and, in the big game itself, -150. In this case, you’d place a bet on their opposition t?o lock in a guaranteed profit. Obviously, if you let it ride, you might end up with a huge payo??ut, but some bettors prefer to hedge a certain amount, which many use as a strategy. Hedging calculators are excellent tools to use in this scenario.

Suppose you take a favorite due to their winning record and recent impressive play. Yet, there is always a chance? of an upset. Putting a modest hedge bet on the underdog might reduce your risk of losing if anything unforeseen t?ranspires. You may not win much on the wager, but the hedge keeps you from losing your full bet.

 Not every circums??tance offers strong hedging possibilities. The lines may not align for a lucrative hedge, or the contest may not lend itself to hedging (such as certain single-??game wagers).

Ultimately, hedging can be a sensible method for preserving a profit while minimizin??g risk. Yet, it is critical to utilize it sparingly and comprehend the possible trade-offs before hedging.

Creating Personalized Betting Lines

Making your “own” betting lines is a more complex sports betting strategy than simply using the odds supplied by the operator. It entails delving deeply into statistics, data, and past patterns and results to develop your own judgment of the likelihood of an occurrence. You can uncover possible mismatches by comparing your lines to the odds the bookmaker offers.

If your analysis reveals that a team is likelier to w??in than the odds indicate, you've found a value bet with a greater potential reward. This allows you to exploit discrepancies in the odds and acquire an advantage against the house. Remember that generating personalized odds requires strong expertise and cannot ensure success, but it can be a valuable tool for astute sports gamblers.

Personalized betting lines are also considered “alternate lines� We’ll dive into this technique later in the NFL betting strategy section.

Fade the Public

Betting against the public can b?e an effective approach if done right. It takes advantage of market flaws and popular biases. It demands extensive research, a thorough understanding of wagering markets, and a knack for recognizing ?when mass opinion has produced value on the opposing side.

? This fading strategy is predicated on the idea t?hat most of the public frequently makes illogical, emotional and impractical choices when picking a favorite, resulting in inflated favorites and discounted underdogs.

Because betting websites modify lines to balance sportsbooks, punting versus the public can occasionally result in higher odds and possible value. This implies you may be able to receive an improved rate on an underdog or ni??che ticket that wouldn't have been possible.

Like every techni??que mentioned in this article, it is risky a??nd should be utilized as a small part of a more comprehensive, informed betting strategy.

Dutching

The technique of “Dutching” entails wagering on various outcomes in a contest to ensure a profit no matter what happens. Dutching involves determining the cost for each bet so that the overall payoff covers the potential loss of each wager, guaranteeing that a single winning bet offsets the losses of the rest.

For example, if you're putting down money at a horse race and want to? Dutch, you might wager on multiple horses instead of merely one, dividing your entire wager between them based on their lines.

Dutching calculators are commonly used to make these calculations easier and f?aster. Dutching may prove useful in markets consisting of fluctuating lines?????????????????????????? and when a chance for profit presents itself in multiple scenarios.

 The primary benefit of Dutching is the control of risks, which decreases the possibility of squandering an entire bet. Still, it has drawbacks, like the possibility of low profit margins and the hassle of handling several slips.??

Plus, certain bookies may limit how much you can bet on specific outcomes, which causes the strategy to take a hit??. Even with the drawbacks, Dutching might be an effective strategy for experienced players seeking steady, yet miniscule profits.

Kelly Criterion

The Kelly Criterion is a method that measures the percentage of your existing bankroll that should be staked on a specific wager in order to? maximize long-term growth. It balances risk and reward by considering the probability of winning, the odds of the bet and the likelihood of losing.

We’ll use a scenario in the following picture of BetMGM’s Eastern Conference Finals game 3 matchup between the Celtics and Pacers. If you believe the Celtics have a 55% chance of covering ?the spread, this is how the Kelly Criterion would calculate what percentage of your bankroll you should bet. We’ll say you have a bankroll of $1,000.

BetMGM Celtics Kelly Criterion screenshot desktop
(Source: BetMGM)

The Kelly Criterion formula is: f= bp-q/b To explain it, we’ll show it typed out: (Decimal Odds �1) x Decimal Winning Percentage �(1 �Winning Percentage))? / (Decimal Odd?s �1) x Kelly Multiplier

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    f is the? percentage ??of your bankroll you need to bet on the Celtics.

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    b are the odds received (odds – 1). In this case: -110. We then convert it to decimal format, which is 1.909. We subtract 1 from 1.909, which leaves .909. So: 1.909 – 1 = 0.909

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    p equal?s the probability of the Celtics covering. In t??his example, 55%, which converted to a decimal is 0.55.

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    q is the probability of Boston N?OT covering. In this example, it’s 45% which is ?0.45.

Calculation

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    f = (0.909×0.55)�.45/0.909

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    f = 0.49995�.45/0.909

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    f = 0.04995/0.909

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    f �0.0549, which is equivalent to 5.49% of the bankrol?l.

According to? the Kelly Criterion formula, you would bet 5.49% (5.5%) of your?? bankroll on the Celtics to cover the 6.5-point spread because you believe they have a 55% edge. If your bankroll were $1,000, the wager would be $55.

Kelly Criterion Calculator

There are tons of Kelly Criterion Calculators available across the web for free, so you don’t have to calculate everything. It’s important to remember that sometimes the calculator will recommend betting a massive portion, such as 25% of your bankroll for underdogs with odds of around +150, for example. This is an extremely risky play and isn’t recommended. Using the calculator for bets closer t?o even money allows it to put out smaller percentages.

Risks of the Kelly Criterion

The Kelly Criterion is susceptible to being improperly utilized in sports betting if bettors aren't good? at estimating win or loss probabilities (already very difficult), resulting in inco??rrect bet sizes. A punter overestimating their edge is a prevalent mistake that may rapidly destroy a bankroll. In addition, the high variance present in wagering can result in huge immediate losses that the Kelly Criterion fails to account for, either psychologically or fiscally.

Overlooking transaction expenses and wagering limits enforced by sportsbooks can further skew ideal stake sizes. Another factor is the calculation assumes that all gains will be reinvested, which obviously may not be the case for all han??dicappers. The last factor we'll mention is that failing to employ more conservative techniques could expose gamblers to high levels of risk.

In this section, we’ll provide both generic and in-depth strategy tips for different sports leagues. Each bettor must formulate different sports betting strategie??s they deem successful. There isn’t an exact strategy that guarantees success.

NBA Betting Strategy

If you’re wanting to bet on the NBA, become a basketball guru. The de?eper you learn about the NBA landscape, the more you'll benefit. This consists of organization weaknesses and strengths, the rules of basketball, matchups between players, coach??ing styles, and recent patterns in performance.

Researching and understanding data is also imperative. The tips mentioned in this article's “Use Data” section are prime examples of what data to study before staking an NBA player prop.

Other key details to be aware of are if a team is playing back-to-back nights be??cause a coach might take the load off his?? star players and rest them. This provides opportunities for other players to fill the stats sheet (great for player props) or for opposing teams to upset. It also can affect the scoring total.

MLB Betting Strategy

One key aspect of MLB betting is to focus on the starting pitchers. They greatly impact the outcome, so researching their recent form, prior performances v?ersus other ball clubs and how fresh they are is critical. Another technique is to compare team success against different types of pitchers (righties vs. lefties) to discover value in matchups.

Paying attention to bullpen strength is also imperativ??e to look for, as late-game performance can frequently affect the final score. Weather variables, such as the speed and direction of the wind, can also impact who wins. Analyzing the underdogs in certain circumstances, like if they boast a quality starting pitcher or have home-field advantage, can provide an edge compared to the books' odds.

NFL Betting Strategy

The NFL is the most popular sport to bet on in America. It offers a plethora of betting markets from moneylines, spreads and totals to player pr??ops such as yardage totals and anytime touchdown scorers.

One key feature that should be taken advantage of is the alternate lines sportsbooks offer. Bettors can “buy half a point or a point.�For example, in a rivalry game that’s historically low scoring between? the Baltimore Ravens and Pittsburgh Steelers, if the Rave??ns are 2.5-point favorites at -110, and you think the Steelers will lose by a field goal, then buying a point is worth it.

Buying a point moves the Pittsburgh spread from +2.5 to +3.5. If you buy half a point to +3, and it loses by a field goal, your bet is a push. You’re going to pay either -120 or -130 in most cases, but many NFL games do come down to ?the wire. If you took the +3.5 and the Steelers went on to lose 20-17 (by a field?? goal), you’d cash your bet.

The same scenario goes for teams favorited at -6.5 or underdogs at +6.5. For example, if you think the favorite w?ill win by a touchdown, then bet on the 6.5-point favorite. Should you believe the underdog won’t lose by more than a touchdown, buy a point a??nd move their line to +7.5.

Player props are also an excellent market to take advantage of?. If you like betting on wide receiver yards, then research how the receiver does against certain defenses, how the opposing cornerback plays vs. top receivers. Make sure to also analyze the game script. If the yardage total is extremely high for WR Deebo Samuel of the 49ers against a massive underdog, San Francisco win in a rout and run more. This would lean towards taking Samuel’s under.

Alternate yards parlays are also common. Two running backs mi?ght have eclipsed 50 yards rushing in 9/10 contests. They might both average around 90 yards per game, so parlaying them at ??-245 and -255 (combined odds: -104) to achieve near-even money might be worth it.

NHL Betting Strategy

A solid betting strategy for the NHL betting focuses on fr?anchise form and matchups. Evaluate the latest develop??ments, such as winning streaks and home and away records.

Away teams have historically performed well in the NHL, winning around 41% of games. This offers value for awa??y underdogs especially when the public is siding with?? the home favorite.

Goaltending is crucial in hockey. Thus, always keep track of the goalie stats, as an outstanding goaltender could have a huge impact on the contest's outcome. Assess teams' performance in different scenarios, such as power plays and their penalty kill effectiveness. It's also useful to track injuries, particularly to star players, and how teams play when faced with back-to-back games on the s?chedule.

There are many markets for player props, such as the number of shots on goal for certain players or the anytime goalscorer. Find the averages, recent game logs, how often a player shoots ag?ainst one team, and how often they score against a certain opponent. You should also research how other teams allow specific positions to perform in these categories.

Golf Betting Strategy

When betting on golf, it’s tempting for many punters to try and sprinkle bets on long shots to win since some odds can reach as high numbers s??uch as 300-1.

Taking a golfer to win outright is extremely challenging, especial??ly with about 150 go?lfers in the field at a normal PGA Tour event.

If you’re going to build an outright betting card, it’s important to mix in favorites, longshots and players in the middle of the pack (od??ds-wise). You want to even out your bets evenly so you don’t overexpose yourself. A golf card usually consists of six golfers. It can have slightly more or less but needs the unit sizing needs to match up.

?? The worst thing you can do is bet on too many players in the field, without taking the insurance we mention below, and a golfer who isn’t on your card wins.

The safest markets to bet on are H2H matchups, where two golfers face off on the book, and the one with the lower score?? at the end of the tournament wins.

Finishing positions are also a safer option than outrights. This includes picking a golfer to finish in either the top 40, 30, 20, 10, or 5 ??at conclusion of the event. You can also do this with golfers you have bet ou??tright as insurance.

Topics to research for betting player??s include their history on the course they're playing, how they perform on similar courses, how they putt on the type of grass the greens have and how the golfer does in different conditions. Some courses suit bombers off the tee, while others suit players who are excellent ball strikers.

The picture below featuring Bet365’s live odds of the Charles Schwab Challenge shows live finishing positions. If you thought Brian Harman, who has played well historically at Colonial Country Club, had a good chance of finishing inside the top 10 (??he was in a tie for second and one shot behind the solo leader Charley Hoffman at the time of the picture), then he might be worth a bet at -120.

screenshot of bet365 Golf bet tips desktop
(Source: bet365 odds correct as at May 24, 2024 04:43)

These three methods are not proven to work and involve increasing bet?? sizes. All three can cause enormous losses, be extremely stressful and result in errors of judgment.

  1. Martingale System

    The Martingale System is a sports betting strategy firs?t developed in the 18th century that focuses? on chasing losses. You place a tiny bet on any even-money wager (for example, a coin flip). Should you fail, you then double the stake amount on the next bet. The goal is to ultimately win a wager and recover all of your past losses and earn a modest profit.

    Nevertheless, the Martingale approach fails due to two major flaws. First, there is no assurance you will win before running out of funds. Losing streaks are easily possible, especially with a +100 wager (50% implied odds). Second, just because you bet on a team to win and ended up losing a few times doesn't mean you're “due” for a triumph.

    Depending? on the stakes, sportsbooks impose betting limits on certain quantities, so it might not even be possible to continue rolling over bets. As stated, this is an awful strategy and is not re?commended.

  2. The Negative Progression System

    The negative progression method is a sports betting technique in which you raise the w??ager size following each defeat. Some bettors find it appealing as it makes you believe you're due for the win and can regain all of the damage with a single bet. There are several variants of this strategy, such as the Martingale method, but they all have the same issues.

    The faults of the Negative Progression System are practically identical to those coinciding with the?? Martingale System.

  3. The Labouchere System

    The Labouchere system generates a number sequence and bets on the sum ?of the first and last figures. Should you win, you cross those numbers out. When you fall short, you add the wager amount at the end of the sequence. Although it looks ??to be structured, it is ineffective because it rapidly increases the size of wagers during losing runs, exposing players to significant losses.

    This approach does not change the underlying probabilities or negate the sportsbook's advantage (vig). Furthermore, increased stakes can cause fiscal and mental strain, resulting in errors in judgment. Ultimately, it is not a viable long-term betting s?trategy.

Using a?? mix of techniques and understanding how they work can help when making de??cisions at the sportsbook. Sports betting strategies for beginners and experts alike should be well-rounded. We aren’t advising the use of any specific one in this article. Do so at your own risk.

Should you decide to use any, they’re permissible at any legal U.S. sportsbook. Some of the most popular bookmakers include FanDuel, DraftKings, BetMGM, Caesars, Bet365 and Borgata.

Havi??ng a sports betting strategy is vital to making your money last longer and giving you a chance at success. Remember to try to find value by conducting in-depth research, focusing more on straight bets, using odds boosters for certain bets you find attractive, and taking early cashouts when necessary. Stay disciplined and stick to your bankroll.

Please bet responsibly. Never wager money you can’t afford, set limits for yourself and never chase ?losses.

There isn’t one effective specific sports betting strategy that is consi??dered the best. Combining different strategies and gambling responsibly can help preven?t you from quickly losing your bankroll.

The all-in betting strategy is an extremely risky method in which you wager your whole bankroll on a single bet. This is done consecutively (over and over) in the hopes of building a huge bankroll. Obviously, if you win 10 bets in a row, you'll have made a ton of money, but the probability is that you'll lose everything quickly. Low odds bets and specific markets like totals in soccer are the two focuses of it. This is clearly the f?arthest example from a proven sports betting st??rategy.

In-play betting is another name for live betting. It's a wager type where you can stake games already happening. It offers a fascinating element to watching a game by allowing you to react to what's happening and by betting on it in real-time. Sportsbooks often offer standard wagers as well as player props for this market.

Handicappers enjoy betting on scenarios such as a heavy favorite going down early. They’ll receive much better live odds since the favorite is losing rather than the juiced pr?egame line.

The 31-betting strategy is an approa??ch specifically created for blackjack. It calculates your bet size using a series of numbers (usually 1-1-1-4-8-16). If you win, you double your next bet. Should you lose, then you move on to the next number in the order. The idea is to gradually increase your bankroll through tiny wins while potentially recovering losses fast with bigger wagers. Yet, it can be risky since a few losses can quickly empty your bankroll.

The 2 odds betting strategy concentrates on bets with odds of about 2.0, equating to around a 50% probability of succeeding. The goal is to pick wagers where the odds appear somewhat off, providing you an advantage over the operator.?? By focusing primarily on close-to-even-money wagers and winning frequently, you can steadily increase your bankroll as time passes. Still, it takes patience and a high winning percentage to tr??iumph over the minor house edge that remains in these plays.

The post Sports Betting Strategies �Learn How to? Wager on Legal US Sportsbooks appeared first on panalo111bet.com.

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Our Author Lawrence Smelser â–?All articles & guides //panalo111bet.com/us/draftkings-gift-card/ Fri, 17 May 2024 11:12:28 +0000 //panalo111bet.com/?page_id=178933 While many online sportsbooks require you only to make deposits using standard methods to bet on their sites, DraftKings has opened the door to a new experience by allowing users to deposit with DraftKings gift cards. Here at TPP, we’ll explain how to acquire and use the gift card along with its pros and cons. … Continued

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While many online spo?rtsbooks require you only to make deposits using standard methods to bet on their sites??, DraftKings has opened the door to a new experience by allowing users to deposit with DraftKings gift cards. Here at TPP, we’ll explain how to acquire and use the gift card along with its pros and cons.

  • Can be purchased and given as a gift.
  • Provides more anonymity when depositing.
  • Can also be used for daily fantasy/casino.

Full T&Cs apply. Gambling problem? Call 1-800-GAMBLER

DraftKings ??gift cards are a prepaid method to add money to your account on the platform. They come in $25 and $50 amounts and are eligible to be utilized on the website's sportsbook, with daily fantasy sports or at the online casino (each state where DK is legal permits if gift cards are allowed). Once funds are loaded onto the gift card, they do not expire.

  1. The gift ca?rd can be redeemed on DK’s website. Th??is includes the desktop version or the app.

  2. ?Sign in to your ??account or create a new one at DraftKings.com.

  3. On the back of the gift card, scratch off the label revealing the code?? and card info.

  4. On the deposit screen, choose the selected amount and click “gif??t card�f??or the payment method.

  5.  Enter the gift card number, expiration date and CVV, then click deposi??t to confirm. If successful, the funds will appear in your account within seconds.

The gift card can be used at the sportsbooks in the following states: Colorado, Indiana, Kansas, Maryland, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Virginia, West ??Virginia and Wyoming (per DraftKings??.com).

DraftKings online casino permits gift cards in New ??Jersey, West Virginia and Penn??sylvania.

DK users can spend their gift ca?rds on daily fantasy in every state except Arizona, Hawaii, Idaho, Louisiana, Montana, Nevada, and Washington.

screenshot of draftkings gift card page
(Source: DraftKings)

Gift cards can be purchased on DKs�website or at retail locations, including Walmart, S??peedway, Circle K, Albertsons, CVS, Dollar General, 7-Eleven, Pilot Flying J ??and Sheetz.

Many customers ask, “Where can I buy a DraftKings gift card online?�The simple answ?er is on the company's official website.

There are pros and cons to using DraftKings gift cards. Ce?rtain handicappers might find some of these important when making the decision whether or not to use one.

Pros:
  • Gift cards help with bankroll management due to the fixed limits.
  • They provide a unique gift option for sports fans.
  • Excellent for people who don’t own credit or debit cards.
Cons:
  • These gift cards can’t be reloaded once funds are spent.
  • Restricted in certain states for betting.
  • Aren’t a good option for high rollers.

DraftKings gif?t cards aren’t the only way to deposit on the site. Below we’ll share every deposit method available. Not every state allows some?? of the more niche options.

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    Apple Pay: Apple Pay is a smartp?hone payment system and digital w?allet technology developed by Apple. It enables users to pay using Apple products such as iPhones, Apple Watches and iPads.

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    Bank Wire Transfer: Bank wire transfers are a classic means of electronically moving f??unds from one bank account to another.

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    Cash at Cage: Refers to when players deposit and make ??bets at retail sportsbooks in person. An ID must be present when depositing using this method.

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    Cash at Retail Stores: Cash at retail is a payment option that allows handicappers to make payments in cash at retail locations or designated places. In order to deposit at a retail store, players must choose the “cash” option on the deposit screen.

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    Credit Card: Credi?t cards such as Visa, Mastercard, and Discover are all permitted when?? depositing to DraftKings Sportsbook or Casino. American Express is also an option, but strictly in New Jersey.

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    Debit Cards:?? Visa and Masterca??rd debit cards are permitted when depositing on the sportsbook.

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    DraftKings Gift Card: As we’ve noted in this article, DK gift cards can be?? used to make deposits on DK’s platform.

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    Electronic Gift Card: DraftKings digital gift cards are the same as above, just? “electronic�and can be purchased online.

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    Online Banking: The onl?ine banking payment service allows gamblers to safely deposit and withdraw mo??ney from their respective accounts.

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    PayPal: The world-renowned digital wallet that stores various payment met?hods is another option used by many players to deposit funds.

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    Play+ Prepaid Card: Play+ is an FDI?C-insured (Federal Deposit Insurance Corporation) refillable safe account that can be utilized for financing? your DraftKings account.

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    Venmo: Venmo is a widespread payment platform in the USA??. Its mobile app lets users send and receive currency to friends and acquaintances.

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    VIP Preferred: A payment option that offers e-check services for DraftKings VIPs. It enables bettors to make transactions with their checking accou?nts.

DraftKings gift cards are a convenient way to fund an account. Various factors, includi??ng no depo??siting fees and budget control, since they are a pre-set amount, can help bettors be more responsible. Not only are they great gifts for sports fans, but their ease of use and versatility across the sportsbook, casino, and DFS platform give you or someone receiving the card different ways to spend it.

Once purchased and funds ar??e loaded onto it, the DraftKings gift card is activated and ready to use.

DraftKings gift cards can be bought online or at retail stores nationwide. The ones purchased online are considered DraftKings e-gift cards. If you search “DraftKings gift card near me�on Google, a list of locations nearby will ap?pear. It’s recommended to call and make sure they’re in stock before going.

To use a DK gift card, scratch off the code (card number) on the back and input i??t on DK’s website ?when depositing.

Yes, ??you can use a DraftK?ings gift card on its mobile and desktop apps.

DraftKings gift card funds will appear immediately in your account a?fter confirming the deposit. Unless, of course, you’re using a card you’ve already deposited with in the past.

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