A $14,410 Winner | BetMGM $1000 Bonus Bet

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+1441 odds, $1000 in free bets = an epic $14,410 sports betting win.

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Data runs the world - it should run your sports betting accounts, too.

In this video, we discuss the $1000 risk-free bet on BetMGM and the sports betting math that is required to generate maximum profit for these risk-free betting promotions on US sportsbooks.

Alex wagers his $1000 risk free bet on MGM on an NHL bet. He bets on over 8.5 goals in the Blue Jackets @ Red Wings game at +575 odds. This wager loses, as the Red Wings won the game 4-1, so MGM gives us back 5, $200 free bets. With these free bets, Alex creates a +EV parlay. He bets on Miami OH, McCollum over 0.5 blocks and under 228 points in the 76ers game. This parlay comes out to +1441 odds and actually hits, generating a profit of $14,410.

Sportsbooks offer tons of different sign up bonuses - you should learn the ins and outs of each bonus so you can take advantage in the most profitable way possible.

Alex discusses risk-free betting strategy from a mathematical angle. You should be placing risk-free bets on "long odds," ideally over +450 odds. It's a free lottery ticket, so never place a risk free bet on a wager that is -200 or -300 odds.

A variety of sportsbooks, such as Fanduel, offer risk-free bets as a part of their sign up bonus. They offer these sports betting bonuses to incentivize new customers to sign up for their specific book. Obviously, there's a ton of sportsbooks in the United States. They have to offer lucrative sign up bonuses to attract new customers.

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