Free bets are marketing ploys used by sportsbooks to attract and retain customers in a highly competitive industry. And maybe it’s just me, but the amount of free money available lately seems to be increasing all the time.
The best thing you can do as the recipient of this money is to maximize the winnings as much as possible. Sports betting is difficult. Why nickel and dime with someone else’s money when you’re likely to lose anyway? Go broke.
That’s what a BetMGM bettor did via Ben Fawkes, VSiN vice president of digital content, by wagering a $500 free bet on a three-team championship combination. And it actually worked!
Congratulations to the @BetMGM Bettor who placed a $500 FREE bet on a 3-man combination that just won $269,000.
LA Rams wins Super Bowl LVI by odds of 10-1
Golden State Warriors win NBA titles at +600
Colorado Avalanche wins the Stanley Cup at +600 pic.twitter.com/QpVaDVQjso
— Ben Fawkes (@BFawkes22) June 27, 2022
The Colorado Avalanche’s Stanley Cup win on Sunday turned some digital play money into a very tangible $269,000.
The instant gratification that betting can provide is one of the most difficult parts of this type of game for some people. It took several months to resolve as the first leg was the Rams’ Super Bowl title back in February. It was obviously worth it for anyone who just won a quarter of a million, but anyone more impatient would never have experienced the feeling of betting at +53800 odds.
What a feeling that must be.