If you‘ve ever placed a bet on DraftKings, you may have received a free SGP bet voucher before. As a long-time DraftKings user myself, I know how confusing these can be if you don‘t know how to use them.
In this detailed guide, I‘ll walk you through everything you need to know to maximize the value of free SGP bets, step-by-step.
What is an SGP Bet?
First, what is an SGP bet?
SGP stands for "same game parlay." It allows you to combine multiple bets from the same game into one single parlay bet.
For example, you could combine a moneyline bet, point spread bet, and over/under total points bet from the same football game. Then if all 3 hit, your parlay pays out much more than if you had bet them separately.
SGP betting has exploded in popularity recently. According to analysts from PlayUSA, the SGP market grew 100X in some states last year alone!
People love SGPs because stacking correlated bets from the same game allows you to hit bigger payouts. Regular parlays only let you combine bets from different games.
Now let‘s look at how free SGP bets work and how you can optimize their value.
How Free SGP Bets Work
DraftKings hands out free SGP bets regularly through things like:
- Welcome bonuses when you first sign up
- Referral bonuses when you get friends to join
- Prizes for completing certain missions or achievements
- Reimbursement if DraftKings makes a mistake on your bet
These free bets usually come in $25, $50 or $100 amounts.
When you use a free SGP bet, DraftKings stakes the bet for you with their money. You don‘t have to risk any of your own cash.
If your SGP bet wins, you get paid out just like with a normal bet. If it loses, you don‘t lose anything since it was DraftKings‘ money at stake.
However, here‘s the catch:
With free bets, you only get to keep the winnings. The original staked amount is not returned to you.
For example, let‘s say you use a $25 free SGP bet and it pays out $50. You would get to keep the $50 profit, but not the original $25 stake.
This is different from a normal $25 cash bet that returns $75 ($50 profit plus $25 stake).
That‘s why it‘s important to use strategy with free bets to maximize your profit potential. Keep reading and I‘ll share some pro tips!
Step-by-Step Guide to Using a Free SGP Bet
When you get a free SGP bet voucher on DraftKings, using it is simple:
Log into your account on desktop or mobile and find the game you want to bet.
Toggle "Same Game Parlay" on. This unlocks SGP betting for that game.
Build your SGP by stacking 2+ bets on outcomes from the same game.
When you go to place the SGP bet, you‘ll see it in your betslip. Do not enter a dollar amount since it‘s a free bet.
Check the box next to your free SGP voucher shown in the betslip.
Place your SGP bet using the free bet voucher.
And you‘re done! DraftKings will stake your SGP bet with their free bet funds. Now just sit back and cheer your bets on to cash that big payout!
5 Tips to Maximize Your Free SGP Bets
To optimize the value from your DraftKings free SGP bets, keep these pro tips in mind:
1. Target Long Odds
Since you only keep the profit from a winning free SGP bet, you want to target parlays with longer odds.
For example, a -200 favorite parlay will rarely give you sizable winnings to withdraw. But an underdog +750 SGP bet can lead to a big payout from only a $25 free bet.
2. Combine Odds Boosts
DraftKings runs tons of odds boost promotions. You can combine boosted bets into your free SGPs for extra value.
Last week they boosted a Burrow TD + Bengals win parlay to +350. Throwing that into a free SGP made for a sweet payday.
3. Let Winnings Ride
When your free SGP bet cashes, use some or all of the winnings to place another SGP bet and compound your profits.
Just don‘t get carried away chasing losses. Manage your bankroll responsibly.
4. Sprinkle In Player Props
Player props like "first TD scorer" or passing yards can make great additions to SGPs. This increases payout potential without much correlation risk.
5. Follow Line Moves
If you see odds improving on a bet, that likely indicates sharp money flowing in from pro bettors. Hop on line movement when it‘s in your favor.
Using these 5 tips will optimize your free SGP profits and bankroll growth. Now let‘s look at the data.
SGP Betting Data and Statistics
SGPs now account for a huge portion of the betting handle at many sportsbooks. According to analysts from PlayMichigan:
- SGP bets make up 40% of handle on NFL games at some sportsbooks
- The SGP handle can reach 60% of money wagered on big events like the Super Bowl
Additionally, research by Sharp Football Analysis covering September 2022 showed:
- SGP bets comprised 33.5% of NFL bets but 46.5% of handle
- Sportsbooks generated roughly 50% more revenue from SGPs vs regular spread bets
|Bet Type||Total Bets||Handle||Hold %|
It‘s clear SGP betting is extremely popular and profitable on both sides. Customers get to chase huge payouts, while sportsbooks generate significant revenue.
This makes free SGP bets very valuable for users. DraftKings is essentially giving you free shots at a bet type they make a killing on!
Why Does DraftKings Give Free SGP Bets?
At this point, you may be wondering…why does DraftKings just give away free money on bets that are so profitable for them?
There‘s two main reasons:
1. Customer Acquisition
Free bets help DraftKings acquire new customers. They know giving away free money in people‘s accounts makes them more likely to bet more of their own cash.
2. Customer Retention
DraftKings uses free bets to retain existing customers. People will keep their account longer if they have free bet funds waiting to be used.
Sportsbooks actually have an expected value (EV) on free bets they gift out. While they lose money on some, they make it back and then some on other bets.
This allows DraftKings to tap into the huge SGP market by essentially "investing" free bets in their users.
So take advantage of these free SGP chances when you get them!
Maximize Free Bets Value with an Expert Betting Approach
To recap, here are 5 key tips I utilize as a sports betting expert to maximize my free SGP profits:
Target long odds – Use free bets for big underdogs and parlays, not low odds.
Combine odds boosts – Capitalize on enhanced odds by adding them into free SGPs.
Let winnings ride – Compound profits by using winnings from free bets to fund the next bet.
Sprinkle in props – Player props increase payout potential.
Follow wiseguy money – Use line movement to your advantage.
Combining these tips with sharp bet analysis will optimize your ROI. Don‘t waste your free SGP bets on guesses. Handicap your edges properly.
I never just randomly throw bets together. By studying trends, stats, injuries, and line movements, I put myself in a position to profit long-term.
You can too with an analytical approach, even when using free bets. Remember, sportsbooks invest a lot to acquire customers through free bets – so take advantage!
Free SGP bets provide you a golden opportunity to score big payouts without any of your own cash at risk.
DraftKings hands them out frequently because they make sportsbooks huge profits and help attract new bettors.
But by using my 5 expert tips in this guide, you can get the upper hand and build your bankroll.
The key is wagering intelligently. Don‘t just randomly bet free SGPs on guessing games. Handicap the contest properly and target bet types that compensate you well for taking on risk.
Combined with an analytical approach, these methods can help you turn DraftKings‘ invest to acquire you into big withdrawals.
Hopefully this detailed walkthrough gave you a full understanding of how to maximize the value of free SGP bets. Let me know if you have any other questions! I‘m always happy to help fellow bettors improve their strategies.
Now go score the big cashout! You‘ve got the tools to turn those free SGP bets into withdrawable winnings.