What if I told you that you could get a free NBA Jersey from the Caesars sportsbook by placing two bets – on the same game! I wrote a few weeks ago about my initial experience opening the sportsbooks accounts after it was legalized in New York. The NBA jersey promotion is definitely under the radar and is one of the simplest hedges to complete. Learn how to take advantage of this promotion below.
The Promotion
Caesars Sportsbook is offering all users the opportunity to bet $100 on an NBA game to earn a free jersey! The jersey is actually awarded in the form of a $150 NBAstore.com gift card. Simply, opt-into the promotion and place the $100 bet on any NBA game that has odds of -200 or greater.
What if I lose the $100 bet?
This is where arbitrage betting comes into play. By betting on both sides of the game, you’re guaranteed to not lose any money and possibly win a few dollars on top of the jersey.
How to complete the hedge step-by-step
First, you’ll need a calculator to compute the best arbitrage bet. I use the darkhorse calculator which is pretty user-friendly. It’s only $9 for the first month to use the service, given I’ve made over $12 grand from hedging, I’d say it’s worth every penny.
Open the Calculator
Select arbitrage and then adjust the filter to just NBA. Next, change the amount to $100 to see what’s available.
Select a Game
Look at the results and find the best bet that is offering -200 or better odds. The example below shows a $100 bet on the Caesars sportsbook and a $64 hedge bet on the FanDuel sportsbook.
$100 Caesars NBA bet
Make sure that the primary bet is $100 via the Caesars Sportsbook as shown in the example below. No matter what happens in the game, you’ll win either $2.67 or $3.68 plus the $150 Jersey NBAstore gift card.
Check your spam folder
After the game takes place, you’ll most likely find the Jersey gift card credit in your spam folder. It includes a virtual code to redeem for $150 via the NBAstore.com website.
When does the Caesars Free NBA Jersey Promotion End?
This promotion is going to end on February 7th, 2022.
What am I doing with the Caesars Free NBA Jersey?
I am going to donate both my and Lisa’s gift cards to a local high school’s basketball team. Figure it would be a nice incentive to use for the kids in practice or at the end of the season.
Hedging Strategy
If you’re following along from my first article and hedging through all of the new account promos; you’ll most likely “naturally” end up betting the $100 on an NBA game to unlock another sportsbook promotion. The arbitrage strategy covered in this article is a direct route to earning the $150 gift card.
Another Strategy – Using the Site Credit Calculator
This strategy involves using the site credit darkhorse calculator function. Essentially, if your Ceasars bet wins you’ll get your hedge wager returned in profit. If Caesars loses, you’ll receive whatever the conversion is back from your hedge bet. In the example shown below, no matter who wins, you’ll only lose ~ $7 on the bets and still earn the Jersey gift card. Using the site credit option is usually easier to use than the arbitrage above and still gets you the jersey at a small loss.
Site Credit Filter for the Free NBA Jersey
Use the following settings for the site credit filter to earn the Caesars Jersey Credit.
- League = NBA
- Market = Main Lines Only
- Bet Odds = -200
Basic Breakdown
It’s that easy! In the example above, you actually would get paid to earn that free jersey which is bananas. It’s been a wild two weeks deep-diving into the sportsbook arbitrage world. My original article estimated around 12K profit from the initial bonuses which was a huge underestimation. Stay tuned for my next article which will outline how much I’ve made and what I’ve learned about this hobby along the way.
Did you take advantage of the Caesars Sportsbook Free Jersey Promotion?
I’d love to hear in the comments below or over in our 8,700+ Member Basic Travel Facebook Group!
More Basic Reading
- Top Credit Cards of the Month
- Learn how to utilize credit card points with our Basic Travel Course
- How to book an Overwater Bungalow at the Conrad Maldives for cheap!
- Seven Steps to utilize credit card reward points to Save Money
- 16 Side Hustles that can Qualify for a Small Business Credit CardÂ
- Step-by-Step Guide to Completing a Small Business Credit Card Application
