$100 Bet

1. $100 Bet With 2:1 Odds Pays How Much
2. Bet 100 On +150 Odds

New customers in CO, IN, IA, NJ, TN, VA or WV who place a $1 moneyline bet on any NBA game this week will win $100 in free bets to use toward betting on the big game. Click the link, sign up for. Implied Probability is also useful when evaluating a bet or checking how likely an outcome is. Positive Figures (+): The odds state the winnings on a $100 bet. Ex: American odds of +120 would win $120 on a $100 bet. Negative Figures (-): The odds indicate how much must be bet to win $100.

Two offers available right now with the BetMGM Bet $1, Win $100 New User promotion. With Super Bowl LV still well over a week away, the focus is on basketball this week in the states that BetMGM services.

One promotion is for the NBA and the other is an Iowa-specific promotion on the college basketball side of the spectrum. There is also some small print attached to the NBA offer, so make sure you read carefully so that you can take full advantage of the Bet $1, Win $100 promotions this week at BetMGM.

First, let’s start by saying that it is a great time to sign up at BetMGM. The King of Sportsbooks recently launched online and mobile betting in Michigan and Pennsylvania and Virginia will launch later this week.. There are a lot of reasons to start an account with a global gaming leader like BetMGM. The M life Rewards program is a nice perk and you get automatic entry into that when you sign up for an account.

Another reason is because those in Virginia, once VA goes live this week, and Tennessee, another recent state for BetMGM, can get a 100% Deposit Match Bonus up to $500.

Other states can get a Risk-Free Bet up to $500. It is a really competitive sign-up bonus offer and the deposit match bonus in the new states would rank among the best.

As far as the states eligible for the primary NBA promotion for this week, we are looking at Colorado, Indiana, Iowa, Michigan, New Jersey, Tennessee, and West Virginia for this one.

Bet $1 on the money line of an NBA game and if any team scores a three-pointer, you’ll win $100 in free bets.

Simple. Straightforward. Easy. Teams are shooting a lot of three-pointers these days with the analytics movement in the NBA and that means you have a free $100 waiting for you. You might even win your money line bet and get it completely free. Otherwise, you’ll turn $1 into $100 and nobody would turn down that deal.

Checkout The DraftKings Bet 1 for 100 Promo Here

For those in Pennsylvania, your Bet $1, Win $100 in free bets offer is if the team that you bet on wins the game. That means you can get boosted money line odds at +10000 as a new user in PA. That’s also a great deal. It carries a little more risk because you need to pick the winner instead of just relying on a made three-pointer, but it is very much worth a try.

The college basketball Bet $1, Win $100 offer is only for those in Iowa. Beloved adopted son Luka Garza from Washington D.C. is the standout star for the Hawkeyes. The top-10 Hawkeyes are in action on Friday against the Illinois Fighting Illini.

Bet $1 on the money line and win $100 in free bets if Luka Garza scores a point.

That’s it. Just one point. Garza has averaged nearly 27 points per game and has not scored fewer than 16 in a game so far this season.

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Bet $1 to Win $100 at Bet MGM Sportsbook. That has been a recurring promotion from the fine folks over at BetMGM and they’ve applied it to the NFL and NBA to this point and more sports will likely follow as we go forward.

The $100 comes in the form of free bets, but as a new user offer, it is the perfect complement to a Bet MGM Sportsbook sign-up bonus, which is a risk-free bet up to $500. When you really boil it down, these two promotions from MGM Sportsbook are designed to help you get a head start on your bankroll.

The $100 in free bets have been on prop bet wagers that have a microscopic chance of losing. Something like Bet $1, Win $100 if the Packers or Saints score a touchdown in a game. Notice the “or”. Not “and”. “Or”. Either team has to score a touchdown. Simple. Easy. Free money.

We’ve seen them on things like Bet $1, Win $100 if the Lakers or Nuggets make a three-point shot. We’ve even seen Bet $1, Win $100 if ANY NFL team scores a touchdown.

These promotions are designed to get you in the door. There are no strings attached. BetMGM simply wants your business in a crowded sports betting landscape and they’re willing to give you some incentive by offering up $100 in free bets on things that have a 99.9999999999% probability of happening.

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About BetMGM Free 100 & Sportsbook

BetMGM is known around the world as a hub for all things gaming. MGM has resort and casino properties strewn across the globe and they operate legal sports betting in the United States in Colorado, Indiana, New Jersey, Michigan, West Virginia, and Nevada, with more soon to come. This is a trusted and reputable betting outfit.

In a buyer’s market, which the world of sports betting is right now as it grows at a fever pitch across the country, sportsbooks are doing everything that they can to increase sign-ups and market shares. The beauty of that for you is that it means a whole lot of beneficial and useful promotions, like Bet $1, Win $100 on a variety of easy-to-win wagers.

Like we said, this is basically free money. The irony is not lost that it comes in “free bets” at BetMGM, which do have additional stipulations compared to betting with cash, but they are not prohibitive in the least. You just can’t withdraw free bets like real money or anything like that. You have to adhere to some very reasonable guidelines, like not wagering your free bets on extreme favorites or lottery ticket parlays.

To this point, BetMGM Sportsbook has had a different Bet $1, Win $100 promotion each week and some weeks have even had multiple promotions. These only apply to new users. If you already have a BetMGM Sportsbook account, you cannot use these. If you don’t have a BetMGM Sportsbook account, these truly are a great way to get started, especially when paired with the sign-up and deposit bonus here at ATS.

Remember, for now, these promotions apply in Colorado, Indiana, New Jersey, Iowa, Michigan, Tennessee, and West Virginia.

Keep an eye on our Sportsbook Promotions section at ATS to see what the latest Bet $1, Win $100 promotions are at BetMGM and then take that chance to sign up and see what this top-rated sportsbook has to offer.

A parlay bet is a popular form of sports wagering most gamblers are familiar with. In case you’re not, this bet is rather easy to understand. A parlay is simply a combo bet where, rather than betting several teams individually, you group them into a single wager. Using this option, the payout is greater and the risk is less, but you need all teams selected to win.

To give an example, say you’re interested this week in betting Jets -4, Patriots +3, Dolphins +2.5 and Colts -7. If your bankroll is limited to just $100, using straight wagers you’d make four separate bets of $25 to win $22.73. If you we’re feeling both lucky and in the mood to gamble, you might instead bet them all together as a four team parlay. Under the parlay option, the stakes would be $100 to win at least $1,000. To win, you’ll need to go 4-0; if one or more games push while all others win, the payout is reduced, and with any other outcome, the bet is a loss.

What happens if there’s a push in a parlay? That bet will be taken out of the parlay and the payout will be reduced as if there were one fewer team in the parlay. So if you had a 4 team parlay and you got three picks cocrrect and the other was a push, you would be paid out the odds of a 3 team parlay.

Parlay bets can be very tempting as they can offer some big payouts. See a recent parlay Kevin made at 5Dimes.eu and cashed in on!

Are Parlays Sucker Bets?

There is a general misconception in sports betting that all parlays are sucker bets. This is simply because most sports bettors are not familiar with how they work, or how to bet them properly. In this article, I’ll address parlay betting strategies, but first let’s look at parlay odds and how they are calculated.

The parlay odds at most Las Vegas sportsbooks are:

2 teams 2.6 to 1
3 teams 6-1
4 teams 10-1
5 teams 20-1
6 teams 40-1
7 teams 80-1
8 teams 150-1

Online the odds are similar, though some sites such as BetNow and MyBookie offer better odds starting with three teams and up. What’s important to note is that these are fixed odds based on a 50/50 wagering proposition. If a spread is listed at Home Team -7 / Road Team +7 this is 50/50 proposition. If, instead, the spread was Home Team -7 -105 / Road Team +7 -115, this is no longer a 50/50 proposition, and the payout will be calculated using a method bookmakers refer to as “true odds”. I’ll cover that later in this article, but first let’s take a moment to understand where fixed parlay odds are derived from.

Let’s say you decide for the next eight weeks you’re going to bet the Monday night football game, starting with a $1.00 bankroll and betting your entire bankroll each week until you go 8-0 or bust. The potential win is as follows:

Week 1: $1.00 to win $0.91: If win total profit = $0.91 (Bankroll =$1.91)
Week 2: $1.91 to win $1.74: If win total profit = $2.65 (Bankroll =$3.65)
Week 3: $3.65 to win $3.32: If win total profit = $5.97 (Bankroll =$6.97)
Week 4: $6.97 to win $6.34: If win total profit = $12.31 (Bankroll =$13.31)
Week 5: $13.31 to win $12.10: If win total profit = $24.41 (Bankroll =$25.41)
Week 6: $25.41 to win $23.10: If win total profit = $46.51 (Bankroll =$47.51)
Week 7: $47.51 to win $43.19: If win total profit = $89.70 (Bankroll =$90.70)
Week 8: $90.70 to win $82.45: If win total profit = $172.15 (Bankroll =$173.15)

$100 Bet With 2:1 Odds Pays How Much

The reason parlays are often sucker bets shows up in this middle column. Had you bet these in an 8 team parlay, you’d only get paid 150 to one. Essentially, a parlay is no different than betting all in each time, only parlays generally pay much worse. However, you’ll notice the odds are not poor until you get to four teams, where the sportsbook has a whopping 31.25% advantage. Two teams pay a smidgen worse than the manual parlay (all in each time) option, where three team parlays pay a smidgen better. Rarely ever is a 2 or 3 team parlay a true suckers bet.

What Does a Parlay Pay?

As I mentioned earlier, fixed parlay odds vary greatly between online sportsbooks. Here is some info on which sites offer the best fixed parlay odds:

Bet 100 On +150 Odds

In general two team parlays pay +260, or $260 for every $100 bet. BetNow offers +264.5, and 5Dimes.eu offers +264, which is better than the +260 most betting sites offer.

3 team parlays pay 6/1 or $600 for every $100 bet. BetOnline.ag is the leader in the industry in 3 team parlay payouts.

This is the area where betting sites generally hurt the sports bettor, paying only 10 to 1, which gives them a 31.25% advantage. This can be avoided when betting at BetNow where the payout is +1228.3, or at 5Dimes where it is +1228.

Generally speaking, parlaying 5 teams or more teams is not a good idea; however, for sports gamblers looking for a lotto ticket, 5dimes.eu and Bookmaker.eu each offer up to 15 team parlays and have by far the best odds in the business on these.

How much does a 15 team parlay pay? A 15 team parlay will pay out over +16,000. I just tested this out and a $1 15 team NFL parlay at -110 odds will payout $16,306. Good luck hitting on that!

True Odds Parlays

1 Earlier, I mentioned fixed odds are only given when all selections are 50/50 propositions. If one side of a line requires a greater stake than the other to yield the same payout, this is not a 50/50 proposition, and the bookmaker will now use “true odds”. What’s important to note is that true odds doesn’t actually mean the “true odds” of winning. Rather, true odds pays the same as if you bet each team individually and rolled the profit forward each time, which is what I showed in the example of 8 all in bets starting with a $1.00 stake.

To calculate true odd parlays, each bet first needs to be converted into a multiplier. To do this, take what a winning ticket would return and divide it by the amount risked. For example, at -110 a $110 stake returns $210 ($110 stake + $100 win). Calculating the multiplier as return/risk here, we plug in 210/110, which means the multiplier is 1.91. If we did the same on -115, the multiplier is 215/115=1.87.

Let’s say you’re in the mood to gamble on an 8 team parlay, but the only out available to you is a bookmaker paying 150-1 fixed odds. A trick of the trade here is to include one bet that is priced differently than -110 in order to force the bookmaker to use true odds. So, let’s say you make 7 selections priced at the standard -110 pricing and one at -115. A true parlay calculates by multiplying each modifier together. The math is 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.91 * 1.87, which equals 173.41. This bet returns 173.41 times the stake, which includes the risk amount, so the bet is 1 to win 172.41. Notice this is significantly better than the fixed odds payout of 1 to win 150 on an 8 team parlay. In short, the trick of the trade when dealing with poor fixed odds is to simply add one team to the parlay that is priced differently than the standard -110.

As you can now see, if you know how to bet parlays properly, they are not always sucker bets. There are, however, a few reasons that parlays are generally not a good move. I’ll cover these, and then cover the times it does make sense.

Top Reasons to Avoid Parlays

1) Progressive betting systems are generally regarded as poor strategy for both bankroll management and bankroll growth. Professional bettors make wagers based on their quantified edge per game. While the math can work out, doing the math for proper bet sizing on a parlay is a lot of added work with little to no upside for most sports bettors.

2) Parlay bets have higher variance than straight bets. Here you’re getting the same odds, but your chance of hitting a dry spell is greatly increased. When the odds are the same it is most often better to go with the lower variance option, which in this case is straight wagers.

3) Line Shopping – Sports bettors maximize their profit by always shopping for the best price. For example, finding -4 when other sites are -4.5, and finding reduced vig options such as -104 instead of -110. When betting parlays, you’ll need to find the most favorable odds for each team at a single betting site. This scenario is rare, so generally you’ll end up with better odds by making straight wagers at multiple betting sites.

Parlays That Make the Most Sense:

Reduced Juice – BetOnline.ag offers 6.5 to one on three team parlays. This comes out better than betting sides at the -105 price standard reduced juice sports books offer. In sports such as NFL football where 50/50 wagering propositions are common, a sports bettor gets far superior odds by betting 3 team parlays at BetOnline.

Correlated Parlays – If a bookmaker was offering betting lines on both “will it be cloudy today?” and “will it rain today?”, if allowed, you’d be much better off betting either both as no, or both as yes, in a parlay bet as opposed to straight wagers. While this is a simplified example, there are plenty of times when outcomes are correlated in sports betting. For example, a handicapper might determine that if one team covers the spread, the game is more likely to go over or under the posted total. Also, during the final week of the NFL season, a certain team winning or losing the day game might result in a previously important night game now having no meaning in the playoff race.

Free Play Bonuses – Several online betting sites, for example BetNow, offer players free bets based on the size of their initial deposit. Free play bonuses are not the same as cash. The difference is that a bet made with cash returns both stake and win, where a bet made with a free play returns only win. Parlays allow you the chance to use the same free play more than once, because a parlay really is only a wager that continues to place stake+win on the next selection. Remember, fixed odd three team parlays pay a little better than true odds. So when using free plays to bet 3 team parlays, you’re getting slightly better odds, and also a chance to apply that free play stake to three different bets. This is common knowledge that 3 team parlays are a great use of free play bonuses.

Circumventing Betting Limits – I’ll warn you upfront that betting sites do not take kindly to this, and it might get you banned. The basic idea here is, say you find a parlay with monster value in a small market with low betting limits. Let’s say a woman’s field hockey line opens at +150 when it should be +100. Here making ten unique two-team parlays, using the +150 bet with a random -110 each time might be advantageous, as on average you’ll get down 5 times the max bet. At -110 juice the expected ROI is less, but to get the maximum amount down on line of significant value, it might make sense. While personally I rarely use this strategy online, I do attempt to get away with it in Las Vegas from time to time. This takes a little bit of acting, such as starting to walk away from the cage and then saying wait, also give me… Know this: It is a trick of the trade advantage players use that is not for novice bettors.

This concludes our article on parlay betting. As a final tip: if you enjoy using parlays as a lottery ticket, www.Bovada.lv runs a $10,000 weekly parlay jackpot during football season, which is an added bonus on top of what a $5 stake pays on a 10 team parlay win. To learn more, see the promo section at www.Bovada.lv. If nothing else, this article gives you some great conversation material next time someone in the sports bar says, parlays are for suckers. Hopefully, it ends up being much more than that, adding extra winnings to your bankroll. Either way, we wish you the best of luck.

Other Advanced Sports Betting Strategy Articles:
» Teaser Betting Strategy
» Prop Betting Strategy
» How To Get Max Value When Betting