Great question. A mix of risk tolerance (for most people) and tax liability (especially for the $5,000 best). Sure you could make a +2000 odds bet, but then you’d have to pay taxes on a $100,000 windfall, and that dominates the marginal gains in bet efficiency between converting a free bet at 80% of the principal (+400 odds) to 95% of the principal (+2000 odds).
Also, sites may not let you get a full $5000 credit on a +2000 odds bet. And oddsjam may not have much data on which +2000 longshots are good value relative to other books bc so few sites would offer bets on that event (or parlay) that you could compare apples to apples
Oh and you definitely would want to make a bunch of small bets. You just can’t do that the way the promo is structured on any place except barstool and betmgm. Takes a bit more time to hunt around for a bunch of bets, so up to you
Great question. A mix of risk tolerance (for most people) and tax liability (especially for the $5,000 best). Sure you could make a +2000 odds bet, but then you’d have to pay taxes on a $100,000 windfall, and that dominates the marginal gains in bet efficiency between converting a free bet at 80% of the principal (+400 odds) to 95% of the principal (+2000 odds).
Also, sites may not let you get a full $5000 credit on a +2000 odds bet. And oddsjam may not have much data on which +2000 longshots are good value relative to other books bc so few sites would offer bets on that event (or parlay) that you could compare apples to apples
Oh and you definitely would want to make a bunch of small bets. You just can’t do that the way the promo is structured on any place except barstool and betmgm. Takes a bit more time to hunt around for a bunch of bets, so up to you