If you are new to using Bet Finders on DarkHorse Odds start here to learn how to use all the available features such as filters and editing your Bet Slip.
In all of our guides, we filter to “Main Lines Only” as a way to avoid limits. Learn more here.
Risk Free Bets are refunded as Site Credit or Free Bets. Since they have different expected conversion percentages, Free Bet ~70% and Site Credit ~100%, it changes how you hedge. Using the wrong setting in a Bet Finder can result in missing out on profit. For all the examples below we will use the same team and odds for all scenarios and examine how setting the correct refund type impacts the final payout.
In all our Risk Free bet guides we use the example of
- Pistons Money Line at +305
- Raptors Money Line at -335
The proper bet amounts for a Site Credit refund are:
The proper bet amounts for a Free Bet refund are:
Incorrectly Choosing Free Bet Refund
Looking at our Site Credit refund guide we know that the hedge should be $2,349 and have a final profit of $701 no matter which side wins. Here we will look at hedging a Barstool Risk Free Bet refunded as Site Credit, but mistakenly hedging $2,580 as if it were a Free Bet refund as determined in this guide.
This results in uneven outcomes depending on which side wins. Illustrating why it is important to ensure you understand what your Risk Free Bet will be refunded as, and the impact on your profit.
Incorrectly Choosing Site Credit Refund
Looking at our Free Bet refund guide we know that the hedge should be $2,580 and have a final profit of $470 no matter which side wins. Here we will look at mistakenly hedging an MGM Risk Free Bet refunded as Free Bet, but mistakenly hedging $2,349 as if it were a Site Credit refund as determined in this guide.
This results in uneven outcomes depending on which side wins. Illustrating why it is important to ensure you understand what your Risk Free Bet will be refunded as, and the impact on your profit.