This post provides the steps to profit from the DraftKings “The King vs The Chef” promotion.
- Read the terms and conditions to ensure you qualify for the bet – check to make sure your state is listed, haven’t placed a bet on the game already, etc.
- Opt-in to the promotion
- Look at the odds and determine how much you will need to bet. The odds at the time of writing this are below:
- Place a $50 bet on the lower odds side – in this case “-155”. This has a payout of $82.25 as shown below. The exact amounts will depend on the odds at the time of betting. Remember you must bet at least $50 on one side.
- Bet the other side of the outcome to equal the same payout. This would be a $35 on the GS Warriors moneyline. The amount will depend on the odds at the time. Make sure your total payout is equal to the $50 bet payout above.
- You will end up betting $85 to win $82.25 (a $2.75 loss), but you will gain $2 in free bets for every point that LeBron James has during the game on 10/19.
Okay, so how do you make money from this?
LeBron James averages 27 points per game, which would be around $52 in free bets. This is not guaranteed (potentially in game injury, etc.), but is very likely to occur. You would spend $2.75 to get these credits, which could be used freely or bet against each out for around 45% recovery. As long as LeBron James scores 6 points, you will break even. Anything over that you get free bets!
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