I understand I just need to go to a WH location and they will set up the account and put in my $$ for me. From there I would like to know the etiquette for sportsbetting. Is it like horseracing where I just fill out a card/tell the person at the counter what I want and they make the bet for me? Will I do it on my phone? If I do it on my phone, how do I get paid in person? I don't want to be an asshole to others possibly trying to make bets and would like to know any other information for how to make/collect the bet.

And finally, what should I bet on? There will be two of us each betting $50. One conservative and one not. Any suggestions appreciated! :)

Lets say we wanted to bet the point spread against each other to guarantee a profit. Say we bet $55 (for simplicity) each on a football game, opposite sides. $30/each is our money and $25 each free play. So the winner wins $105, the $55 of their original bet back plus the $50 win. So we would have wagered $60 of our own money for a guaranteed $105, or $45 win? Normally I never hedge my bets. Just trying to consider our options. We wouldn't watch the games or really get any real thrill out of the betting/games besides the novelty of doing a different kind of betting.

Otherwise we each bet on a different game. Say $55 each, for a possibility to lose it all (if we both lose) or win $105 (if one bet wins and the other loses) or $210 (if both bets win). Am I thinking about this correctly?

Would there be a better way to use these coupons?

If that is the case your hedge will net you $20

Quote:drussell0208Follow up questions. I was reading the Wizard's page on sports betting. "Usually with point spread bets you risk $11 for every $10 you stand to win. "

Lets say we wanted to bet the point spread against each other to guarantee a profit. Say we bet $55 (for simplicity) each on a football game, opposite sides. $30/each is our money and $25 each free play. So the winner wins $105, the $55 of their original bet back plus the $50 win. So we would have wagered $60 of our own money for a guaranteed $105, or $45 win? Normally I never hedge my bets. Just trying to consider our options. We wouldn't watch the games or really get any real thrill out of the betting/games besides the novelty of doing a different kind of betting.

Otherwise we each bet on a different game. Say $55 each, for a possibility to lose it all (if we both lose) or win $105 (if one bet wins and the other loses) or $210 (if both bets win). Am I thinking about this correctly?

Would there be a better way to use these coupons?

No, actually, you've hit upon the best way to get the actual value out of those coupons--with one qualification. Look at it this way: consider a $55 free bet. Half the time it wins: you have $105. Half the time it loses; you have nothing. The value of something that's worth $105 half the time and $0 the other half is $52.50. The numbers are similar with $50 in action--I just used $55 to avoid fractions.

With the free bet considered in isolation, you stand to realize 95% of its face value in expected value. The reason you're only getting $45 profit is that the house vig is working on both the free bets and the $60 cash you put up. The value of a $60 bet is about $57.

So if you want to maximize your profit, and assuming you are able to, just make the two opposing free bets and don't bet any actual cash. Doing the latter just turns $60 into $57 (with no attendant benefit).

Might be wrong about this, but I think they should find the two best underdog money line bets available and each bet one. Assuming the coupons can be used on an odds-paying bet. Agree to split any winnings ahead of time.

OP : I am not an expert in sports betting. I just think that would be a fun way to play your coupons.

It's been a while but if it's anything like Cantor I hope the OP knows that it's not as simple as something like getting a players card and adding some money. I think they wanted fingerprints and a DNA sample.

Quote:GWAEAre you sure you get paid for the free play. More than likely you will get 50 for the win plus your $30 back and the free bet will be gone.

If that is the case your hedge will net you $20

Ahh. Very valid point. I hadn't considered that. In which case, it might not be worth the effort. Especially if like Axel said it is going to take a lot more than an ID to establish an account I will never use.