Betting provides a thrill to sporting events that is unparalleled but also a damning frustration that makes you realize you just lost your hard earned cash. My personal heaven would involve ice cream that doesn’t make me feel sick, the NFL every day, and free sports bets with real payouts. Thanks to DraftKings, that last part is somewhat possible.
Every day DraftKings offers some sort of casino promo. Typically they’ll be one of the following: play $10 on blackjack to get $5 in free blackjack credits, play $10 on roulette to get $5 in roulette credits, or play $10 in slots to get $5 in free credits. DraftKings also does an additional late night promo most nights starting at 9pm. It’s best to check the app once during the day and again at night.
Although this seems like a gamble, this is the one situation where the house doesn’t have an edge, as long as the bettor stays disciplined and follows the math.
Let’s look at blackjack. When playing perfect strategy (chart linked in the hyperlink), the house only has an edge of .5%. That means for every $100 the bettor plays, they should expect to walk away with $99.50 on average. Of course sometimes you’ll get a little more, and other times a little less, but over the long term you should break just a little bit less than even.
If you bet $1 and win, you profit $1 and walk away with $2. If you bet $1 and lose, then you’re out $1. This is where the free credits give you that massive edge. If you bet $1 in site credit, you profit $1 and walk away with $2 in payout. For some reason, DraftKings pays out your wager and profit in blackjack even when the wager is just site credit. That means for every win from site credit, you risk $0 of your own money and win $2.
If the house has a .5% edge, then $50 should turn into $49.75 of extra money. When exclusively doing the promos, your original $100 in your money and $50 of site credits should net you roughly $149.25, increasing your bankroll by nearly 50%.
If you’re a new user, they currently and frequently offer a bonus offering $100 in site credits for the casino when you deposit $5 or more. You can play blackjack perfect strategy to turn that $100 in site credit to roughly $100 of withdrawable money.
DraftKings offers other promos besides blackjack, and it’s best to take advantage of all of them. While the odds may not be as heavily in your favor, the math still checks out for every casino game as long as you don’t bet more than the required amount and use the free credits. Roulette for example has a 5.26% house edge. For every $100 you bet, you’re expected to take $94.74 home, but the $50 in free credits generated mean that you would pocket another $47.37 for free for a total of $142.11. Pick either red or black, put $1, and stick to that color. If you want to have more fun and play the numbers a bit, I say go for it (and I do this), but just realize that you’ll probably take home a little less in the long run.
Slots are more complicated as the house edge can vary from slot machine to slot machine. The range can vary from a 1-15% house edge. However, even in the worst case scenario, a 15% edge, $100 would return $85, and the $50 generated in site credits would also get you another $42.50, making your original $100 turn into $127.50. Most slots are in the 95% range though, meaning on average you can expect to take home $142.50 after accounting for site credits.
Other games are offered much less frequently such as Let it Ride, 3 Card Stud, Baccarat and others, and these are all in your favor when taking advantage of the free credits. Learn the rules first from a quick Google search to minimize the house edge as much as possible.
As mentioned earlier, DraftKings offers these promos every day. A combination of all three promos (slots, blackjack, and roulette) will show up throughout the week. Personally, I typically see myself take home about an extra $25-35 a week, but I’ll get lucky on slots every now and again and win anywhere from $20-$100 to really boost my bankroll.
I’ve personally been doing this method for a few months now and it has yet to fail me. On July 2nd, I withdrew my whole DraftKings account besides $50. As of the publication date of this, I’ve profited $200 simply by taking advantage of the promos and quitting immediately when I reach the $10 threshold. Granted I got lucky on slots twice (that includes a $130 win), but even without those wins I’d still be up another $50 in two weeks.
The way to take the numbers out of your favor is by betting too much and unevenly. Whatever the game is, stick to $1 wagers. You don’t want to bet $5 and lose, to then bet $1 and win. You also don’t want to bet $15 for $5 in free credits when the promo only requires $10 to be bet, as those five additional dollars of your own money are now at risk for no additional edge. Stick to the minimum amount required to obtain the bonus and then quit using your own money. That’s how the house will gain its edge back.
To recap: opt-in to the promos, bet $10 and quit immediately, collect the $5 in credits, play the free credits and quit, and then wait for the next one promotion to happen either that night or the next day.
Let the math do the work for you, do it evenly, and stick to it. It requires patience and slow rolling, but it will win in the long term. Discipline is how to best take advantage of this edge over the house.