tag:blogger.com,1999:blog-7938736.post115686243724895094..comments2023-10-28T08:01:40.730-07:00Comments on Sound of a Suckout: Free $1,100 Bet at MansionScurvyDoghttp://www.blogger.com/profile/12475986616947247959noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-7938736.post-1156957398969804852006-08-30T10:03:00.000-07:002006-08-30T10:03:00.000-07:00Scurvy, maybe a screenshot(s) of what the proper b...Scurvy, maybe a screenshot(s) of what the proper bet should look like.Gregory Damienhttps://www.blogger.com/profile/08262311143135654738noreply@blogger.comtag:blogger.com,1999:blog-7938736.post-1156957032571870662006-08-30T09:57:00.000-07:002006-08-30T09:57:00.000-07:00Lordy I'm on too.Never bet $1100 on a sporting eve...Lordy I'm on too.<BR/><BR/>Never bet $1100 on a sporting event before.<BR/><BR/>As a Brit, I am praying I put it on the correct bet!Divhttps://www.blogger.com/profile/09307982038400615730noreply@blogger.comtag:blogger.com,1999:blog-7938736.post-1156952195188356832006-08-30T08:36:00.000-07:002006-08-30T08:36:00.000-07:00I'm a wimp so I hedged at +4 Dolphins -110.Steeler...I'm a wimp so I hedged at +4 Dolphins -110.<BR/><BR/>Steelers cover = + $500<BR/><BR/>Dolphins cover = + $453<BR/><BR/>Push at 4 = $0<BR/><BR/>Unfortunately the sportsbook I use didn't allow to move the line so I'm rooting for anything besides the 'Phins not winning by 4.Anonymoushttps://www.blogger.com/profile/18069654181152145893noreply@blogger.comtag:blogger.com,1999:blog-7938736.post-1156943471405784082006-08-30T06:11:00.000-07:002006-08-30T06:11:00.000-07:00Puckle,Betting the spread is pretty simple. Using ...Puckle,<BR/><BR/>Betting the spread is pretty simple. Using the Steelers bet at Mansion as an example, that line is currently set as follows:<BR/><BR/>Steelers -4.5 -110<BR/><BR/>What that means is that the Steelers are favored by 4.5 points, and that for every $110 you wager, you would win $100 if your bet wins. (If that last number were -140, then you'd win $100 for every $140 you wagered, and so on.)<BR/><BR/>The "spread" part of the bet is the -4.5 part. You're not betting straight up, that the Steelers will win. You're betting the point spread, which says that the Steelers will not only win, but they will win by at least 4.5 points. (If the Steelers were +4.5 instead, that would mean they were underdogs, and that you could win by betting on them even if they lost, as long as they lost by 4.5 points or less. You'd also obviously win your bet if the underdog on the spread wins the game outright.)<BR/><BR/>So if the Steelers win by 3 points and you bet on them at -4.5, you lose your bet, even though they win the game. If they win by 5 or more, you're golden and win your bet. If they win by exactly 4.5 points, then it'd be a push and your initial wager would be returned.<BR/><BR/>That's why you commonly see the point spreads set at 0.5 intervals, to avoid the possibility of a push, since pushes are boring. 'Tis impossible to score 0.5 points in the NFL so that looks at at first, but the reason that half points are used in spreads is simply to avoid pushes or ties and having no result for a bet.<BR/><BR/>Wikipedia has some decent info on spread betting here:<BR/><BR/>http://en.wikipedia.org/wiki/Point_spread<BR/><BR/>So what's important here to hedge it is to find another sportsbook that offers the Dolphins at the same point spread, but on the opposite side. In this case, you're looking for the Dolphins +4.5, so that it offsets your Steelers bet at Mansion. If you can't find that line out there naturally, you may have to buy a half point to move the line from Dolphins +4 to Dolphines +4.5.<BR/><BR/>You can also hedge the bet and not have it offset exactly, but you usually incur some risk there and the calculations can get complicated so it's easiest to just offset the lines exactly.<BR/><BR/>For what it's worth, I'm not going to hedge this one, as I think the Steelers are going to cover, so I just plunked down the $1,100 on the Steelers and am crossing my fingers.ScurvyDoghttps://www.blogger.com/profile/12475986616947247959noreply@blogger.comtag:blogger.com,1999:blog-7938736.post-1156943387041355672006-08-30T06:09:00.000-07:002006-08-30T06:09:00.000-07:00Bet $1100 on Pitt -4.5 on Mansion. (Pitt must win...Bet $1100 on Pitt -4.5 on Mansion. (Pitt must win by 5 or more.)<BR/><BR/>Next go to Pinnacle. See what the odds are on Miami +4.5. It will show a decimal like 1.86<BR/>Take $1000/1.86 = $537.63 Bet $537.63 on Miami +4.5<BR/><BR/>Presto, a perfect hedge!actyperhttps://www.blogger.com/profile/07285553039265006380noreply@blogger.comtag:blogger.com,1999:blog-7938736.post-1156877470776743682006-08-29T11:51:00.000-07:002006-08-29T11:51:00.000-07:00Chipper,Mansion is about as reputable as they come...Chipper,<BR/><BR/>Mansion is about as reputable as they come in the sportsbook world, so for this to somehow turn out to be a shady promotion would be like Stars or Full Tilt running a bogus promotion with hidden pitfalls.<BR/><BR/>They're also splashing around tons of cash lately in promotions (the whole Poker Dome thing for their poker brand as well as other similar promotions on the sportsbook side), so they've definitely proven to be willing to spend advertising bucks. If you look at the free sportsbet in that light, it's not an insane amount for them to spend to acquire new customers (and ones willing to plunk down +$1,000), especially given the viral nature of a promotion like this when forums and blogs pick it up and disseminate the news. And they only incur that cost if the Steelers cover and they actually have to pay out the bets.<BR/><BR/>On top of all that, some people have hypothesized that Mansion themselves may be hedging the other side of the bet, so that their overall risk is reduced. They're guaranteed to incur a loss that way, if they're hedging, but they can basically set the cost they're willing to pay for the promotion by hedging it and adjusting as more money comes in, etc.<BR/><BR/>You're definitely right, as far as your money being tied up for awhile, but that's a pretty small price to pay for the potential return, especially if you hedge it and lock in $450-$500 in profits.ScurvyDoghttps://www.blogger.com/profile/12475986616947247959noreply@blogger.comtag:blogger.com,1999:blog-7938736.post-1156874924586414662006-08-29T11:08:00.000-07:002006-08-29T11:08:00.000-07:00Chipper, the Steelers are at -110 when you bet thi...Chipper, the Steelers are at -110 when you bet this. So, that is why you get a $1K return when betting $1.1K. That is totally standard sportsbook stuff, and nothing to be skeptical about.<BR/><BR/>Also, they ran this sort of promotion during the World Cup. The bet lost, and all money was returned to the bettors. To turn this offer down is very dumb IMO.Weshttps://www.blogger.com/profile/09803773412941700403noreply@blogger.comtag:blogger.com,1999:blog-7938736.post-1156874254582492302006-08-29T10:57:00.000-07:002006-08-29T10:57:00.000-07:00Just be sure that if you win you only get $1000 an...Just be sure that if you win you only get $1000 and you lose $100 from your $1100 bet. LOL. Something just doesn't feel right about that offer. They get to hold your grand for two weeks and I'll bet you don't get your money back that quickly. Seems as though when someone offers you a chance at easy money but you have to put up a lot of money - I'd be a bit skeptical. Good luck on that. Hope you see your $1100 back.Davehttps://www.blogger.com/profile/04144288142060736290noreply@blogger.com