Fanduel is likely to cap your $5,000 risk-free long bet, that is, limit your wager to a maximum dollar amount that’s only shown when you type in “$5000”. You should avoid this because only your very first bet is “risk-free”. You can look for other games or wait for caps to loosen, but opportunities are slim to place a full $5,000 bet at +300 (1-in-4) odds, maybe just some NBA games when they’re about to start.
But, there’s a way around the caps: parlay bets. When you select two wagers on different games onto your betslip, a “2 Leg Parlay” bet option will show, which bets on both outcomes happening together—that is, you’re paid only if both teams win their respective games. This lets you combine, say, two coin-flip games into one roughly 1-in-4 (+300) bet, but often with a looser cap that lets you wager the full $5,000. I’ve confirmed that parlay bets qualify for the promo on Fanduel and seen people successfully do this.
I’ve been helping organize bets like this for the last couple weeks, so I’m happy to answer any questions.
Fanduel is likely to cap your $5,000 risk-free long bet, that is, limit your wager to a maximum dollar amount that’s only shown when you type in “$5000”. You should avoid this because only your very first bet is “risk-free”. You can look for other games or wait for caps to loosen, but opportunities are slim to place a full $5,000 bet at +300 (1-in-4) odds, maybe just some NBA games when they’re about to start.
But, there’s a way around the caps: parlay bets. When you select two wagers on different games onto your betslip, a “2 Leg Parlay” bet option will show, which bets on both outcomes happening together—that is, you’re paid only if both teams win their respective games. This lets you combine, say, two coin-flip games into one roughly 1-in-4 (+300) bet, but often with a looser cap that lets you wager the full $5,000. I’ve confirmed that parlay bets qualify for the promo on Fanduel and seen people successfully do this.
I’ve been helping organize bets like this for the last couple weeks, so I’m happy to answer any questions.