VIP/Rewards Grade: 5/5 Summary: Caesars has a structed VIP program that makes tracking your VIP status easy. They also have a strong connection to physical casinos which can lead to travel and entertainment rewards.
Updated: Nov 22, 2024
4 min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
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What To Know
Caesars is regulated by your local gaming commission. Regulated sportsbooks provide customer protections that you will not have when using an unregulated sportsbooks or sweepstakes sportsbooks.
Caesars is unregulated. Unregulated sportsbooks do not provide the same customer proctections that regulated sportsbooks have.
Caesars follows a sweepstakes model. Sweepstakes platforms are regulated by the Federal Trade Commission and state sweepstakes laws instead of your jurisdiction's gaming commisison. These protections are less than those provided by a regulated sportsbook, and are designed for traditional sweepstakes, not a sportsbook.
Caesars is a sportsbook. Sportsbooks, unlike exchanges, act as "The House" and often have more vig than a betting exchange.
Caesars is an exchange. Exchanges often offer better odds than a traditional sportsbook, do not limit players, and are matched betting friendly.
In some states Caesars operates as a betting exchange, and others they operate as a sportsbook. In both situations Caesars will not limit bettors.
Caesars is "Player Friendly". Player friendly sportsbooks/exchanges do not enact limits on players making them perfect for matched betting.
Caesars is "Slower-to-Limit". Slower-to-Limit sportsbooks take longer than average to enact limits on winning bettors.
Caesars is "Quick-to-Limit". Quick-to-Limit sportsbooks enact limits signifcantly faster than your average sportsbook. If you show signs of being a winning bettor, limits will quickly follow.
Caesars has high limits. Sportsbooks with higher limits are useful for generating VIP status and hedging large promotions.
Caesars has low limits. Sportsbooks with lower limits are can make hedging larger promootions, such as those assocaited with VIP status, difficult.
Caesars seems to be more likely than other sportsbooks to limit bettors after a withdraw. Avoid withdraws from Caesars as much as possible.
Caesars is available in 20 states. They are a top five sportsbook in size and have one of the largest sign-up offers available. They are also one of the slowest sportsbooks to enact limits on bettors, which makes them extremely valuable for matched betting. Since Caesars is a large sportsbook they often accept wagers on main lines that can have winnings of $10,000 or more.
Additionally, they have a strong physical presence in states that allow retail wagering and casinos which ties nicely into their rewards programs through comps.
**How long does Caesars sportsbook take to pay out?** Caesars guarantees that all withdrawal requests will be fulfilled within 72 hours. For a smoother withdrawal process, Caesars recommends using the same method for both deposits and withdrawals.
Caesars has an average MLB vig of 4.18%. Caesars MLB odds are similar to popular sportsbooks (4.25%). This is considerably worse than sharp sportsbooks which are closer to 2.19%.
Caesars averages -156 for MLB favorites which is about the same as popular sportsbooks (-155.0). Caesars is worse than sharp sportsbooks which have an average of -147.6.
The average Caesars MLB odds on underdogs is 131.3 which is maringally better than popular sportsbooks (130.1). Caesars is worse than sharp sportsbooks which have an average of 134.9.
Notes Before Signing Up
Promo code required for the Second Chance Bet.
Unique Terminology
Tier Credit = Points towards reward status, reset annually
Reward Credit = Points that can be redeemed for rewards such as site credit, travel, or entertainment
Available in: Arizona, Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming
Caesars has a very structured VIP program based on Tier Credits. You earn Tier Credits for sports wagers at the following rates. 10 Tier Credits for every $100 wagered on straight bets, and 20 Tier Credits for every $100 wagered on parlays. Maximum Tier Credit earning rate is for straight bets with -300 odds (or longer) and parlay bets with +200 odds (or longer). Wagers with shorter odds will have lower earning rates.
Once you reach Diamond Status, 15,000 Tier Credits, a VIP representative may reach out to you to get into the VIP program. VIP reps can help with deposit matches, as well as travel and entertainment rewards. Caesars is partnered with Madison Square Garden for events and the Memphis Grizzlies, Chicago White Sox, Arizona Diamondbacks, Boston Red Sox, New York Mets, and Indianapolis Colts.
Example Promotion
Caesars is filled with promotions and offer Profit Boosts on a regular basis. Some are targeted offers and others are available to all of their customers. It is a best practice to check the DarkHorse Odds Promo Dashboard on a daily basis to ensure you maximize your profit.
Profit Boost
Here is an example of a Profit Boost on Caesars. Through matched betting, you can mathematically guarantee a profit by hedging your bet.
Profit Boost Finder
You can use the Profit Boost Bet Finder on DarkHorse Odds to guarantee a profit of $103. In addition to the Profit Boost Finder DarkHorse Odds has all the tools needed to convert a wide variety of sportsbook promotions such as Bonus Bets, Second Chance Bets, Site Credit, and more. You can learn more about matched betting in our guides.
MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
Caesars has a large physical presence through casinos in the US. They are regulated in most US states and Ontario.
Updated: Nov 22, 2024
4 min read
Note: If you are located in Ontario, we are not able to display any available promotions.
Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
Caesars is available in 20 states. They are a top five sportsbook in size and have one of the largest sign-up offers available. They are also one of the slowest sportsbooks to enact limits on bettors, which makes them extremely valuable for matched betting. Since Caesars is a large sportsbook they often accept wagers on main lines that can have winnings of $10,000 or more.
Additionally, they have a strong physical presence in states that allow retail wagering and casinos which ties nicely into their rewards programs through comps.
**How long does Caesars sportsbook take to pay out?** Caesars guarantees that all withdrawal requests will be fulfilled within 72 hours. For a smoother withdrawal process, Caesars recommends using the same method for both deposits and withdrawals.
Caesars has an average MLB vig of 4.18%. Caesars MLB odds are similar to popular sportsbooks (4.25%). This is considerably worse than sharp sportsbooks which are closer to 2.19%.
Caesars averages -156 for MLB favorites which is about the same as popular sportsbooks (-155.0). Caesars is worse than sharp sportsbooks which have an average of -147.6.
The average Caesars MLB odds on underdogs is 131.3 which is maringally better than popular sportsbooks (130.1). Caesars is worse than sharp sportsbooks which have an average of 134.9.
Notes Before Signing Up
MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.
