Mansion free $1000 bet offer
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I'm finding a lot of people still don't know about the Mansion free $1000 bet offer. So I'm going to take a second to explain.
Mansion.com, a well-rated online Sports Book is doing a promotion to get new players. While some places might offer you a 10% signup bonus, Mansion is taking a different track. Mansion is offering a free $1000 bet on the Pittsburgh Steelers. How this works: you sign up for a Mansion account. You deposit $1100 - and they will even cover your Neteller instacash fees, if you do the instacash through Mansion's site. Then you go to the Sports Book (important! NOT the Sports Exchange) and place a $1000 wager on Pittsburg to win: this means you bet $1100 to win $1000, as is standard in Sports Betting. |
Now comes the fun part - if Pittsburgh loses, Mansion is refunding your bet. That means you come back and check your account balance and you're either going to have $2100 if you win, or $1100 if you lose. Its literally a shot at free money.
Once you've opened your Mansion account and placed your bet, you can then also decide to hedge your free money. This costs you EV overall, but will guarantee a profit. You could go to a site such as Bodog or Pinnacle, and bet say $525 on the Dolphins to win. This would result in the following scenario:
Dolphins win: $0 loss on Mansion (thanks to the refund), win +$475 on Bodog, profit $475
Steelers win: $1000 profit on Mansion, lose -$525 on Bodog, profit $475.
So, if you haven't already, you should certainly take advantage of this great offer. I know it sounds too good to be true. But no, its not a scam - its merely a clever promotional tool to encourage signups from a reputable Sports Book. And its a great way to get a free $475 or take a shot at a free $1000.
If you're interested in further details, click through to the comments where I've posted more specifics on how to hedge this bet.
posted by Performify at 7:49 PM
6 Comments:
As further detail, here's exactly how to hedge this bet.
The best available option right now is to bet the moneyline on the Dolphins at Pinnacle. The current moneyline for the Fins there is -101.
So after signing up at Mansion and making your free $1100 bet, you would roll to Pinnacle and bet $502.49 on the Dolphins moneyline at -101. This would result in a balanced hedge of a profit of $497.51 regardless of the outcome of the game.
Of course, if you wanted to hedge to one side you could do so: for example if you thought Pitt was more likely to win you could hedge $404 at Pinnacle which would result in a profit of $400 if Miami won and a profit of $596 if Pitt won, etc.
Sportsbook Promotions
Pittsburgh Steelers 2006 Superbowl Champs Promotion
MANSION is proud to announce the success of our season-opening NFL Cash-Back promotion, which has given five thousand of our Members a unique opportunity to place bets on Pittsburgh Steelers of USD 1,100 to win USD 1,000 (or currency equivalent) in their season opener at home against an in form Miami Dolphins.
Betting on the promotion has now ended after reaching full subscription with 5,000 MANSION Members having taken part, wagering USD 5.5 Million in the cash-back offer on the Superbowl Champions, Pittsburgh Steelers to defeat Miami Dolphins this Thursday September 7th.
If the Steelers lose or fail to cover the point spread, MANSION will refund qualified Member individual bets of USD 1,100 (or currency equivalent) - presenting one of the most compelling season launching promotions by a betting company, with no strings attached and no rollover requirement. Naturally, should the reigning Super Bowl Champions beat Miami and cover the spread, MANSION will pay our Members over 5 Million in total winnings.
On paper, everything is there for the Steelers to become the ninth repeat champion in league history (and third in team history), but speculation on their 2006 regular season debut has been heightened, having struggled through a troubling off-season.
The Pittsburgh Steelers Promotion is further proof that MANSION is the home of choice and reward for our Members, and it "pays to belong” to take full advantage of the many best-in-value promotions and offers in sports wagering and first class member services.
MANSION wishes the best of luck to our Members who are participating in this promotion.
They closed it?
Gotta say, their marketing people are top-notch for thinking up this idea.
Hopefully it doesn't fall through.
Yeah, its been closed.
I should have notified everyone sooner, my apologies on that. Hopefully some people were still able to get in on it.
It had been the center of discussion on the 2+2 Sports Betting forum for several weeks so I didn't even think to cross it over, until I made my usual circle through the blogosphere and saw that no one was really mentioning it...
I got in but my hedge is in trouble due to the CEO of SportingBet coming into the US and being detained.
Don't CEOs take Common Sense 101 in college?
I wish I saw this a few days ago...
I bet the Steelers last night too...
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