FanDuel and DraftKings are continuing with their promotional roll out in North Carolina with a set of positive expected value plays on Wednesday night.
FanDuel is giving every customer a 50% profit boost for bets -200 or longer. Max bets will vary across accounts, but most customers will get something between the $25 and $100 range.
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The positive expected value play here is to target underdogs. You’re getting more value for your profit boost there.
For instance, if a bet at +200 is boosted 50%, it’s boosted to +300 — a change in $100 in profit for a $100 free bet.
Alternatively, a bet at -200 boosted 50% would equal -133 odds, increasing a $100 bet’s profit by just $25.
Make sure to target a line that is best priced at FanDuel in order to maximize EV. For instance, just because you have an inclination about a moneyline, don’t bet it at FanDuel using this profit boost just because you have it. Only do so if FanDuel is pricing it best relative to the rest of your sportsbook options.
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FanDuel is also providing users a no-sweat bet for all college basketball games on March 13. The max wager on these bets also vary — they’ll hover around the same range: $25 to $100.
For these, the optimal strategy is to target bets between +300 and +600 for both the initial bet and the bonus bets, if you lose.
DraftKings is offering a 100% profit boost for up to a $50 wager. The same principles apply to this bonus bet — there’s higher EV in the +200 to +500 range.
By that same ilk, make sure to price shop to ensure that you’re betting this profit boost on a line that’s best-priced in the market.