Stacking Second Chance Bets
Key Takeaways
Summary
Before proceeding you need to have an understanding of how Second Chance Bets work. You can learn more in our Second Chance Bet guides.
Second Chance Bets are the most common sign-up offer, and they are often automatically applied to your first wager. As outlined in the Stacking Promotions guides it is easiest to hedge a Second Chance Bet with cash on a different sportsbook where you do not have a Second Chance Bet. However, you may face a situation where you have to hedge a Second Chance Bet with another Second Chance Bet. Stacking Second Chance Bets reduces your profit, but there is one approach that will allow you to avoid this. The downside is that it is more complicated and requires a larger bankroll.
Approach
Instead of placing one matched bet where both sides of the matched bet are Second Chance Bets, you place two matched bets (four bets in total). By placing them in a specific order you can avoid stacking the Second Chance Bets against each other.
Find The Bets and Fund Accounts
In this example, you have a Second Chance Bet on MGM and FanDuel. Both are automatically applied to your first wager. Using the Second Chance Bet Finder you find the following two bets.
Once you have identified the bets you will need to fund each sportsbook with enough money to cover the Second Chance Bet and the hedge bet. In the example above you need to deposit a total of $7,443.
- $3,870 on FanDuel. $1,000 for the Second Chance Bet and $2,870 for the hedge.
- $3,573 on MGM. $1,000 for the Second Chance Bet and $2,573 for the hedge.
Place The Bets
To avoid putting the Second Chance Bets against each other you need to place the bets in the exact order outlined below. This allows you to successfully convert both Second Chance Bets without the risk of reducing your profit.
- $1,000 bet on FanDuel on the Pacers moneyline at +305. The Second Chance Bet is automatically applied.
- $1,000 bet on MGM on the Timberwolves moneyline at +335. The Second Chance Bet automatically applied.
- $2,573 bet on MGM on the 76ers moneyline at -315. Hedge for bet 1, this is not a Second Chance Bet since it is your second bet on MGM.
- $2,870 bet on FanDuel on the Raptors moneyline at -350. Hedge for bet 2, this is not a Second Chance Bet since it is your second bet on FanDuel.
Placing the bets above in the exact order presented and one at a time allows both of your first bets placed on MGM and FanDuel to be Second Chance Bets and avoids stacking them against each other. Switching steps 2 and 3 results in the Second Chance Bet on MGM being applied to the 76ers bet. This will impact and likely reduce your total profit. Read more in our Incorrectly Stacking Bets guide.
Summary
The advantage of this method is that it allows you to guarantee maximum profit from a scenario where you only have Second Chance Bets available. The disadvantages to this method are that it is more complex and requires a larger bankroll. You will need a larger bankroll because you have to deposit enough money in both sportsbooks to not only place the Second Chance Bet but also the hedge bet. In the example above you would need to deposit a total of $7,443. $3,573 on MGM and $3,870 on FanDuel.