Freeplay wagers are betting credits that are used as promotional bonuses offered by sportsbooks. These freeplays are generally used to attract new bettors.

Although a freeplay is bet the same as cash, the pay out of the winnings are entirely different. A successful freeplay wager will return the profit won, but the amount wagered (the betting credit) is gone. For example, a typical $100 bet at +100 would net $200 to the bettor in the event of a win. The winnings would reflect the $100 initially wagered and the $100 won. In a freeplay wager, the $100 initially wagered would not be returned to the bettor.

In order to maximize a freeplay wager you must first ascertain if any restrictions on the wagering credit exist. Any restrictions should be located in the terms and conditions section regarding the promotional offer on the sportsbook's website. If no restrictions are made available contact customer service in order to obtain the list. Common restrictions will most likely include the following:

1. No wagering on moneyline events that are heavily favored;

2. Only being able to use freeplay s on future or proposition bets;

3. Limiting the maximum cashout; and

4. Time limits on the freeplay.

Once you have uncovered freeplay wager restrictions, it is time to try and retain as much value in your freeplay as possible. The normal value retained is 80%, which is achieved by placing your freeplay on a huge underdog at one sportsbook and putting a hedge bet on the favorite at another sportsbook.

Also helpful to maximize your freeplay wager, is a freeplay calculator which can be found in abundance online. The freeplay calculator makes it easy to draw moneyline comparisons betweem sportsbooks.

While there is nothing wrong with being an informed bettor, you must also be extremely careful. By choosing to wager your freeplay on a large underdog the sportsbook may flag you as being a bonus exploiter. Do yourself a favor. Enjoy taking advantage of freeplays but remember to add some run of the mill wagers into the mix.

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