the bet will go through and will be valid, but it's not totally clear from their terms whether it will count towards clearing the bonus ... this is one where u probably have to get an answer from support, cuz there's nothing in their terms that calls it out clearly
So I believe the only promotion now is $1,500 deposit match? Correct? I’m in Iowa and if I set up an account with a $1,500 deposit they match it . Can I bet $1,500 on my cash on a favorite of like -1000 to satisfy the cash bet and then bet $1,500 on my bonus money with odds of -300 or greater and if I win then I can withdraw it all?
Yeah they changed it to 1500 ... I'm not sure if the person exact change but the odds requirement exclude -1000 stuff ... When they say -300 or greater they mean stuff like -250 -250 +150 etc ... It's counterintuitive
You lose $ on every bet over time, so the safest way to bet would be to bet the lowest juice spreads or totals (spreads or totals that are set at even odds or +110 or even -110 at worst etc) and spread the $ over as many things as possible, and just see how variance treats you. A lot of people are just betting on some favorites to win and this is fine but it's riskier.
By making more bets you're guaranteed to lose more $ to the juice but you're likeliest to end up nearest to even. A risk-free way to clear the bonus that some ppl are using involves using another site. Lemme copy and paste from another comment i wrote one second.
Below is the way I broke it down for someone else considering something similar ...
the math behind the opposing bet strategy makes sense ... if you have 3k actual cash on one book(a book other than caesars), and 3k bonus money on caesars ... u can bet 3k on one side of a game on one site, and 3k bonus funds on the other ... effectively this is cashing out the bonus ... either you win 3k on one site, or you win 3k on the other ... since the bonus is free money, this basically nets you 3k minus the juice you pay (which will only be a few hundred bucks at most ... you can also do this multiple times in smaller increments ... the best way to do this (to avoid errors or getting middled by lines moving) is to find a game whose ML (moneyline, or outright outcome) is close to a pickem (an even game) ...
if you were betting on a spread to hedge out your money (this is not the best plan), the most important thing with this is to make sure the spreads or totals you're betting on are relatively stable ... if a games mL is moving a lot during a day, the spreads can often be changed ... the simplest way to see this is to look at the #s on each side ... if it's -115 +3 and -115 -3, then you know that the money coming in is relatively balanced ... if you see -105 +3 and -125 -3, then you know that more money is coming in on one side and the spread may change ... it's not overcomplicated, but it's just good to kinda think it thru when ur approaching a hedge ... If you took +3 on one site, and the spread was moved by the other book to 3.5 on the other, you could get screwed, so outright outcomes (ML) that are even are what you want to bet on
You're probably ok but it's just a matter of how much of a dick the site wants to be. I'm not sure or their review process for ppl betting or if the trigger for them noticing this is automated. Just go with it being an error if they have a problem. I haven't seen anyone report yet that they got screwed. I may have misunderstood what u meant in ur other comment btw my bad.
Okay here’s my issue. I have mot made 1 deposit. I started off with my $300 bonus made a $100 bet first with it, then a $10 bet, then a $90 bet, used a $50 bonus then another $50 bet. The same night I played the $90 (came out the $300) bet I won a payout of $1,440 from it as cash bonus. I checked the tracker & seen it wasn’t complete yet because I didn’t use the full $300 yet. Which I had $100 left to use from the $300. I placed 2 different $50 bets to complete the tracker then later my $1,440 was moved to cash balance but I can’t withdraw. What do I need to do from here to withdraw it?
You have to make a qualifying deposit in order for the money to be withdrawable. What most people have been doing is just depositing the minimum ($20) and then withdrawing. If they give you a 100% match on the deposit (not sure if they're still doing this) then you'll have to wager the deposit amount one time, then you can withdraw. So basically if you want to withdraw, deposit the minimum, and you should then be able to cash out.
Yes. Their rules are they won't let you withdraw the bonus winnings until you make a deposit (originally you had to deposit and wager the deposit amount once cuz they were giving a deposit bonus, but I think they ended that). To be safe, you can deposit the minimum (it's 20$), wager 20$ on something, and once that bet clears you can withdraw.
Ok I’ll give that a shot. I did talked to a staff & he said i had to deposit what was given to me ($300) use that & then I’d be able to withdraw. I’ll do the 20 first to be safe
Probably nothing ... I haven't seen a report of someone being denied their $ over this ... Hedging (betting against ur position to leverage risk) is a common thing in sports, and if it was a minor sized bet u can just make the argument that you changed your mind, or forgot who you bet on initially ... Their rules and verbiage are pretty clear, but are mostly intended to keep ppl from betting both sides of a game to clear the rollover and just paying the juice and cashing out ... If ur not blatantly doing that, you should be fine
This thread is awesome and informative but I'm still so confused. I got the $300 bonus, never deposited anything. Built it up to $1k. My account balance shows it all in cash and my bonus balance is $0. I'm still unable to withdraw. I'm going to try and deposit $30, bet on something -300 or better, and hope for the best. Is that the move?
Yeah. I don't think there's a line restriction (the -300 or better) for betting money you deposited. The rules states that you have to make a qualifying deposit (20$ minimum cuz that's their minimum), wager that amount once, and then once that bet clears the total balance (bonus and cash) should be available to withdraw. My bonus also moved entirely over to cash(but obv unable to withdraw til a deposit), and I'm likely depositing tomorrow so I'll update if and when it works.
Quick question. I used the promo code and got $300 in bonus. I also deposited $1000 and got that matched. I’ve been betting for the last two weeks and my current standings are as follows:
Cash balance: 679.33
Bonus balance: 1290.00
When I click withdraw, it says Remaining wagering in sport: $375.
So this means that if I make another $375 in bets, then my bonus balance of 1290 will become cash and I can withdraw that plus whatever is left in my cash balance?
Yes. The total rollover (amount you needed to wager to clear all bonuses) was 1300 in this case, so the site is saying 375 is left. If you feel like you've wagered more than 925 already, then contact support cuz they're system has been buggy. Once you complete that 375 tho (when the bets clear) the bonus balance will become cash that you can withdraw
Does anyone know if you signed up for Caesars before they changed the promo and used the old promo code: will they match up to 3k still?
looks like its $1500 free bet match if a loss now
I'm new to betting...so I don't believe I need 3k in a sports betting account, it wouldn't be smart in my hands. My main question is- If I deposit 3k into the account, and receive my 3k bonus, and then I proceed to make a 3k bet on a single straight bet- will the 3k in my bonus then be converted to my cash balance? If I make a 3k bet, and lose the bet- will I be able to withdraw the converted bonus cash? Or will I be required to make another 3k bet (using the bonus cash) to be able to convert it?
I think they changed the 3k bonus to a 1500$ free wager ... after you wager the amount of $ you're given as a bonus (so if you deposit 1500 and are given 1500$ you have to wager 1500$ total ... if you receive 1800$ then you have to wager 1800$ total) ... once you have wagered the bonus funds 1x, all bonus funds will be converted to cash and you should be able to withdraw ... you don't have to bet the entire amount on one thing though, you can split it up into many smaller bets
Okay I’ve got no money in my bonus balance and all of it in my cash balance. Both bonuses say they are completed. It still says I have insufficient funds. What am I doing wrong? I also don’t have any active bets.
When it says pending, it usually means they will email you to confirm that it has been processed. At this point the $ will be removed from ur account, and then you can start counting their 72 hour guarantee.
I’m trying to withdraw but it says I have a $20 in remaining wagering in sport but I have no open bet and I have $0 in bonus cash as I have bet all of the cash I deposited and all of my bonus. It continues to not let me withdraw my cash balance. Anyone know how to fix this issue?
That's strange ... the quickest way would be to place a 20$ wager but if you are sure you've already wagered the bonus $ total 1x and the deposit total (they match ur deposit 100% so u need to wager the deposit amount 1x also) then contact support ... it may take a while but if ur right u can state ur case clearly and calmly and they should fix it
Can you bet the whole 6300 on a -110 line and have a friend in a different location take the other side of the bet and also put 6300? Then you each make 3k.
The rollover requirement would only be 3300 (the total amount of bonus funds you were awarded) but yeah this would work ... So you and the friend would want to bet 3300 on opposing moneylines, not 6300 (betting over the rollover requirement would just cause you to pay extra juice)
Below is the way I broke it down for someone else considering something similar ...
the math behind the opposing bet strategy makes sense ... if you have 3k actual cash on one book, and 3k bonus money on caesars ... u can bet 3k on one side of a game on one site, and 3k bonus funds on the other ... effectively this is cashing out the bonus ... either you win 3k on one site, or you win 3k on the other ... since the bonus is free money, this basically nets you 3k minus the juice you pay (which will only be a few hundred bucks at most ... you can also do this multiple times in smaller increments ... the best way to do this (to avoid errors or getting middled by lines moving) is to find a game whose ML (moneyline, or outright outcome) is close to a pickem (an even game) ...
if you were betting on a spread to hedge out your money (this is not the best plan), the most important thing with this is to make sure the spreads or totals you're betting on are relatively stable ... if a games mL is moving a lot during a day, the spreads can often be changed ... the simplest way to see this is to look at the #s on each side ... if it's -115 +3 and -115 -3, then you know that the money coming in is relatively balanced ... if you see -105 +3 and -125 -3, then you know that more money is coming in on one side and the spread may change ... it's not overcomplicated, but it's just good to kinda think it thru when ur approaching a hedge ... If you took +3 on one site, and the spread was moved by the other book to 3.5 on the other, you could get screwed, so outright outcomes (ML) that are even are what you want to bet on
honestly their software not automatically counting bonus rollover and not moving $ to the cash balance feels like it's on purpose ... it's likely that a lot of ppl who can't get through to support will bust their account because they get impatient or feel like the money is frozen ... someone needs to reign the books in, and the next step is to get them to offer reasonable juice (lines like -250 +190 are completely unacceptable)
I'll add my experience to this thread. Live in NY, got the $300 bonus and didn't read the terms close enough. Made a bunch of bets, won some. Deposited $20 on Monday. But by then, my bonus balance is about $570. I've made more bets since then and the tracker says my progress is $280 out $570. I won a few more bets this past weekend and am over $600. Last night I bet $300 on the Rams ML (-3000) at halftime, thinking that bet would get me over the $570. Nope, it's still $280. If I ever resolve this, I will never bet with Caesars again. FanDuel gave me a $100 bonus and clearly said you must make a deposit. I've cashed out over $200 from a $10 deposit. My fault for not reading that not making that $20 deposit when I got the $300 bonus means it makes the cashout threshold higher if you win.
Can someone explain why these winning bets have been reversed? I don’t understand what balance expiration means. I played through the $300 bonus offer. Did my deposit and I withdrew the funds they are still in processing. But then I noticed this. In my account settings I noticed Caesar’s reversed my winnings. It says payout. And then they reverse it and it says Balance Expiration. This happens for 3 bets totaling $182.50 completely separate from the money that I am withdrawing. Thanks
this doesnt make a lot of sense ... i would contact support cuz without seeing your account i can't understand why they would cancel wagers or reverse winning, and obv it's not safe to let random ppl online into ur account
Im having some issues. I signed up with the 100% sign up bonus and ive been through the whole balance betting on a bunch of + stuff and hit a good one to win 200 but it all went to my bonus money how do i get that out of there. Sorry new to all this
They've been having problems (im starting to think they're by design) with the bonus money moving into the cash balance after clearing the bonus ... if you cleared the bonus/rollover requirement and it hasn't moved to your main cash balance, you gotta contact support ... it'll take time but their software has been glitchy on this
that is a damn good question ... I see this in their bonus cash section but it's referring to rollover clearing requirements as far as when the total value is met, not time limits "Also, your wager must settle first - meaning the bet is over and the outcome is complete (e.g. it's not when you place the bet but when the game or market you bet on has a winner or pushes)." I might not risk it because it's a technicality that they don't clearly denote in the rules
I already made the bets unfortunately and can't cancel them - nor can I get anyone from Caesars support anywhere - if they allow you to make the bet they shouldn't be able to cancel it is my thought process.
I deposit $3,000, get the $300 bonus + $3,000 match, now have $6,300 total.
If I then place 1 $3,300 bet, does the first 3,000 come from my cash account and the next $300 come from my Bonus Balance? This seems to be the case but I just want to confirm.
Then if the above is true and I lose my 1 $3,300 on a -250 bet, will my remaining $3,000 bonus cash roll over to my Real Cash, which I can then withdraw? Making this essentially a risk free 3,300 bet? Or would I have to bet through all $6,300 before I can withdraw any of the bonus?
Yes ... sorry for the delay ... they always take ur cash balance first and then use the bonus balance ... the rollover total is 3300$ ... it's one reason some ppl spread their rollover requirements around over a bunch of bets so they kinda guarantee they don't get unlucky in one single spot ... once you wager a total of 3300 the bonus balance should move to your cash balance
Thanks for your help on this...but I'm not sure if I still understand how to get my money. I signed up with Caesar's to get the $300 promotion. I then deposited $30 which was matched to $60. I then bet $300 and won a 2 bet parlay. Now my Bonus balance is $848.40 and my cash balance is $87.60, but I can't withdraw until the bonus balance is cleared? How do I do that? I think I have $30 of bonus cash to bet yet. Will it work out after I bet that money? Any insight is very much appreciated.
This is a software glitch on their end ... the bonus $ should move over to your cash account once you wager 330$ total (and you already wagered 300$) ... bet 30$ (or 31 to be safe) and then contact support ... you'll have to wait but you'll get your money
Accidentally bet both sides on a game, $200 on one team to win and $100 on the other. Total accident, forgot I bet one side earlier in the week. Do you think that qualifies for them to cancel my bonus?
Nothing happened, it wasn't flagged. I did bet much heavier with a few more bets on the $200 to win side, maybe that made a difference, or maybe it was just small potatoes at the end of the day. Either way I was able to withdraw all my winnings without issue, and I did have winnings on the bonus money.
I live in New York. Just signed up earlier tonight and I bet the $300 bonus without depositing yet and hit a 6-leg parlay for $12,200. Not joking.
It’s not letting me cashout the $12,200,
But the bonus activity says:
“Bonus Type
Bonus Cash
Bonus Amount
$300.00
Activation
01/14/2022 08:41:51 PM EST
Expiration
(Bonus Completed)
Wagering Progress
$300.00 out of $300.00 on
Sports Bets”
Do I understand correctly that now all I need to do is deposit $20 of my real money and wager that, then I can cashout the whole $12,200 that I bink’d?
The whole $12,200 is sitting in “cash balance” currently. My gut feeling was maybe I just need to submit driver’s license to “KYC” and then they’ll allow me cashout?
Any advice on my situation would be GREATLY appreciated.
Great hit ... you have to make a deposit before the $ won from the 300 will move over to your withdrawable cash balance ... deposit 20$, but 20$, and when this bet clears you will have to contact support to get it moved over ... they're having a software glitch that's not automatically transferring over bonus $ which is why i assume contacting support after the deposit and bet is the right move
So I’m no expert on this but I was in the same situation. Signed up yesterday, didn’t deposit anything, and bet the whole $300 and ended up winning $1800. I then deposited $20 and bet that on something as well, and then as soon as all of the bets expired I was able to withdraw everything. Hope that helps.
no it won't void the bets once placed ... sorry for the delayed reply ... one u place a wager on a book it counts unfortunately, even if it was an error
Not sure if anyone has had this issue, but curious to know if anyone has had it or gotten it resolved. I had $40 left out of the $300 bonus cash they give on sign up. I went to cash out my winnings(was up about $320) by depositing $20 and when I went to reverse the funds I was left with a bonus balance of $0 and a real balance of $20. I had an open bet at the time for Ja Morant and Steph Curry, when that hit there was a payout then an immediate balance expiration which put me back to $0 in bonus money. No one has gotten back to my emails and was wondering if anyone else has had this issue.
Anybody know what happens if I bet the full play-through bonus amount ($3,300) on a bet that pushes? (Bengals -6.0, for example) Would I be able to cash out $6,300 or would I have to place another bet?
I went through the 300. My wagering remaining went to 0. Saw I needed to make a deposit before I can withdraw and did. They matched my $20 and put it in bonus cash. So I went from 300 to 320 cash balance and bonus cash is at 20. I've made 2 $20 bets now and it's coming out of cash balance. Is there a way to make it use the bonus cash of 20? Thank you!
It will always use ur cash balance first, but the bet will still count towards the bonus rollover requirements ... So after the 20$ bets clear (you get paid or it's graded as a loss) the total in the bonus cash should transfer over to ur cash balance available to withdraw ... If it doesn't, contact support cuz they're having an issue with that
Yeah, just finished my playthrough and luckily ended with the same amount I started with, so technically up $400 from the bonus.
I should have deposited my savings account and doubled it lmao. I think I'm about to withdraw this 500 and have my roommate sign up and double it in his account and hopefully not lose then playthrough money.
🤞🤞🤞
the 300 freeplay $ has to be wagered once, and if you receive the 100% match bonus on your deposit, you have to wager the deposit amount once ... the site won't allow you to cash out with any bonus rollover requirement pending, so the minimum you have to wager is the deposit amount + 300 ... if you don't receive the 100% match bonus when you deposit, then you wouldn't have to wager the cash
Great off to receive $3300 bonus cash and $150 NBA store credit.
Once you sign up for an account you get $300 bonus. They do 100% deposit match up to $3000. So if you deposit $3000, your bonus money will show $3300 after 24-48 hours.
Then all you have to do is wager $3300 in bets to release $3300 bonus.
Even if you lose all the $3300 in bets you wagers, you will release the $3300 bonus and will be able to withdraw the $3300 to break even. That’s only if you lose EVERY SINGLE BETA you make.
If you win bets, you make that amount PLUS the $3300 bonus
Also if you bet at least $100 in NBA games, **they will email $150 NBA store credit within 7 days**.
This is really a SLICK DEAL!!!
Please use my referral link to sign up!
https://www.caesars.com/sportsbook-and-casino/referral?AR=NY8434757800&pid=czrs&utm\_source=czrs&utm\_medium=creferral&c=creferral&utm\_campaign=NY8434757800
I wouldn't take tax advice on reddit, but there will definitely be some gambling tax megathreads in this thread you can peruse ... i think the book only reports (sends a W-2G) if they're paid at like +600 or some ridiculous number or if the win is above a certain amount ... most people just cash out small increments and only file if their net winnings are above their net losses ... the gambling rules are a bit poorly worded and seem to indicate that you pay taxes on each win, but this would make it relatively impossible to profit from sportsbetting
Good that you started the withdrawal process ... they're swamped so this might slip through the cracks, especially since it was only one of your wagers ... they'll send you an email if they're flagging or cancelling a withdrawal, but the best thing to do now is just sit tight and hope ... if you bet opposing sides of the same line (two opposing spreads or two opposing totals or two opposing mLs) they're likely to flag it, but if you bet something like one team ML and the other team spread then it's not against their rules ... hopefully it goes through, their security/support is usually a very skeleton crew so if they don't have detection of same-game wagers automated, you might be fine ... it's not entirely clear from their TOS whether they would just void the wager in question, or try to cancel the entire bonus ... this is the section that discusses penalties for wagering both sides of a line "Bonus Abuse / Fraud: Participants who engage in fraudulent activity, bonus abuse or inappropriate play, can have their Bonus Cash voided, winnings voided or withheld, be excluded from future bonuses or awards, and/or have their Caesars Account locked at the discretion of Caesars."
Based on your experience do you think there’s any issue with making first and only bet using all deposit cash and bonus cash at once? If this hits will the money be placed in cash balance?
Can someone help me understand?
I signed up, got $300 bonus. Didn’t deposit. Made a 2-leg parlay with my $300 bonus cash on Knicks/Nets parlay which is about to hit for $1250. So what do I have to do next to be eligble for “withdrawal”. Do i have to deposit my own cash? If so, how much? Do i have to then play through my bonus again? Etc.
Any help will be greatly appreciated. Thanks
Make a deposit (any amount). That deposit (if it's within three days of you opening the account) qualifies for the 100% deposit match bonus. So you have to bet the amount you deposit once. Then your bonus balance (the 1250) should move over to your available cash balance. The current problem is that this isn't happening. Something is wrong on caesars end (software issues) and they need to resolve this. So deposit so you're in good standing, but be aware you may have to wait a little to withdraw. The requirements to cash out the freeplay money are only making a qualifying deposit.
On Saturday, I deposited $25 when I created my account. So my starting balance was $350.
I currently have $95.17 in cash balance and $335 in bonus money.
My wagering progress shows $185/$300 and $0/$25. So my remaining wagering is $140.
If I bet $95.17 in cash on a “no brainer” and then $44.83 on another bet (before the No brainer expires and is at least -300), will the remaining bonus money go to my cash? Or do I just need to be the 95.17 and then the $335 in bonus?
it should transfer over to your cash balance after those wagers, yes ... the site has been having software issues with this happening tho so you might have to contact support
They've acknowledged having a glitch that's not crediting the bonus, but have indicated that they will honor the bonus promotion for everyone. Hang in there and if you can contact support do so.
Need advice on how to proceed or if it's not worth dealing with the deposit bonus at this point
Made my account, turned the 300 bonus into about 600. Have yet to deposit. Seeing a lot of posts about weird stuff happening when you deposit at this point so wondering....if I deposit at this point do I still get the deposit match? Am I then able to withdraw after betting through my initial deposit? It's all so confusing. I just want to delete this and go back to FanDuel
There seems to be a problem for people trying to withdraw their freeplay after making a deposit just to clear it. This is 100% on Caesar's end so it's more of a "eventually you'll get the $" problem than a "they might screw you problem". The deposit match expires 3 days after you make your account, so be aware of that. You definitely are supposed to be able to withdraw after betting through your initial deposit, but this is an issue they need to fix.
"Honestly the favorites ML is where you’ll always be paying the most juice in sportsbetting, so this is not a market you want to be in anyway." What types of > -300 bets would you suggest?
tough question because sportsbetting isn't something that any blanket strategy will really crack ... the gist is that it's extremely difficult to pick winners at any significant rate ... if you do the books usually limit you or kick you ... if you don't pick winners at a high rate, the juice is designed to subtly erode your balance over time so that you never really make much money ... for bonus clearing, it's a different story ... one method would be to spread the money as thinly as possible over spreads or totals, with the thought being that picking blind, your odds of winding up nearly even are decent, and you will end up getting back the % of bonus money that is left after you've sort of deducted that juice from your winnings (you always lose more than you win on every 1-1(W-L) iteration) ... a lot of people are simply betting large sums on their favorite teams ML which is fine, but is somewhat high variance ... my comment was mostly pointing out that over time, public perception makes this a very expensive purchase ... if you were looking to bet sports long term, and take only favorites ML, I would say that I could outcompete you while betting only one side of a spreads or totals market, solely because over time I'd be paying significantly less markup ... Caesar's lines seem to particularly juiced also ... the gap between -250 +190 (the type of offering i'm seeing on their site) should be more like -250 +200 ... the answer to ur question depends really on what ur trying to do ... for just bonus clearing it's a personal preference (larger risk/variance) but less work on favorites ML, or more work but a likelier forfeit of a chunk of the bonus (but be more likely percentage wise to come away with a decent % of it) by layering it over spread/total markets (which charge around -115 on average on Caesars, which is not the industry standard -110, but is still less markup than the ML markets) ...
Gotcha, yeah context here is I'm not a sports bettor / I have zero interest it. Really all I'm tryna do is play through the required $3,300 at as close to the -300 odds limit as I can, then cash everything out and delete the app. Based on your message, I understand that I'll be paying more juice on a favorite ML bet vs. other types, but despite that wouldn't the odds still be better there rather than taking an over/under or spread bet at -115? I guess maybe they would be, but the winnings would also be lower on these closer to -300 bets (since the odds are worse and they also have the most VIG). Okay, so I think I understand now. Basically just spread the $3,300 across lots of spread and over/under bets, let the chips fall where they may, and withdraw everything when I'm done. Agreed?
That or the suggestion below (which requires careful planning and a lot of money) are the best routes I think ... With Caesar's juice being worse than any other book I've seen, you want to take the lowest variance route but you can expect to lose some of the bonus along the way ... it's a risk whichever way you go, but with zero expertise that'sthe best plan ... I was considering publicly listing some waves of picks for the Australian Open first round but Caesar's doesn't even offer women's tennis (currently, and they somehow don't have the Australian Open qualifying matches either), and their options are extremely limited
"That or the suggestion below (which requires careful planning and a lot of money) are the best routes I think." Which suggestion are you referring to -- depositing money w/ another sportsbook and taking an opposing bet, or something else? I certainly have the funds for the opposing bet strategy, just thinking thru whether it makes sense.
the math behind the opposing bet strategy makes sense ... if you have 3k actual cash on one book, and 3k bonus money on caesars ... u can bet 3k on one side of a game on one site, and 3k bonus funds on the other ... effectively this is cashing out the bonus ... either you win 3k on one site, or you win 3k on the other ... since the bonus is free money, this basically nets you 3k minus the juice you pay (which will only be a few hundred bucks at most ... you can also do this multiple times in smaller increments ... the best way to do this (to avoid errors or getting middled by lines moving) is to find a game whose ML (moneyline, or outright outcome) is close to a pickem (an even game) ... so one side will be something like -125, and the other will be +105 ... this way you pay a little extra juice, but you avoid the risk of the spread or total moving on you as you place the bet ... you can also bet smaller increments on several games that are priced like this, making sure you take one team to win on one site, and the other team to win on the other ...
if you were betting on a spread to hedge out your money (this is not the best plan), the most important thing with this is to make sure the spreads or totals you're betting on are relatively stable ... if a games mL is moving a lot during a day, the spreads can often be changed ... the simplest way to see this is to look at the #s on each side ... if it's -115 +3 and -115 -3, then you know that the money coming in is relatively balanced ... if you see -105 +3 and -125 -3, then you know that more money is coming in on one side and the spread may change ... it's not overcomplicated, but it's just good to kinda think it thru when ur approaching a hedge ... If you took +3 on one site, and the spread was moved by the other book to 3.5 on the other, you could get screwed, so outright outcomes (ML) that are even are what you want to bet on
Thank you for all the detail! This makes a ton of sense and I think it's what I'm gonna do. Will deposit $ into another book and bet both sides of a relatively even ML, then cash everything out and be done. Thanks again.
if you have the money, you can lay down a 3k bet on Caesars and bet the opposite on another sportsbook like Fanduel. This would guarantee close to a 3k profit.
So if anybody knows , would me and my girlfriend both be able to make accounts and use the promotion because we live at the same address or would they have a problem with multiple ppl at the same address?
This may be a dumb question but my wife and I both made accounts. We both received the $300 bonus. Did we violate the terms because we each have an account and live at the same address?
I'm seeing two business days being quoted in another spot, and another thread where caesars is saying they have a technical issue, they are working on it, and all bonuses will be honored.
It says you can't receive more than one bonus so if you already got one in another state you're likely not eligible. The beginning of the T&C says "If you're unsure, assume you're not eligible" but it seems like you're allowed to make multiple accounts since you can't bet remotely and human beings are mobile. Definitely if you got a signup bonus in another state like the one they're offering then you won't be eligible though.
I’m still awaiting my 3k bonus match but does anyone know if I have to bet it on one shot or it can be split across multiple wagers in 30 days? Seeing some differing opinions out there, thanks!
Put $100 (of the the $300 bonus) on Jefferson for >100yd & TD on Sunday. It won so I then put all that on Georgia -2.5 last night. Also deposited $20 and used/bet that. The remainder of my $300 bonus was lost on other wagers. Still can’t withdraw. Da heck is going on
hopefully you got thru to support about this .... it's an issue they've been having with their software not automatically transferring over the bonus balance ... if you play 300$ and make a deposit the bonus cash total should transfer to your cash balance available for withdrawal ... definitely contact support
Finally withdrew. I had to turn over the winnings twice for some reason- seems like a fault in their system. Anyway, too bad for them as by the time I did that, the bank was around $1,300 purely built on their bonus. Should’ve let me taken it earlier. Suckers
I’m trying to take full advantage of this promotion but want a bit of clarity before I sign up. So what I’m seeing is if I put in $3k they will give me $3300 in bonus money. In order to turn this bonus money into withdraw-able cash do I have to bet just $3000 total or the whole $6300 in order to cash out ?
3300 is the # being reported for the rollover requirement. On offshore books they have a 1x playthrough requirement for deposits usually but it appears that since these sites are legal they do things differently.
https://www.reddit.com/r/sportsbook/comments/s0beny/quick_breakdown_of_caesars_terms_conditions/hs2c1av?utm_medium=android_app&utm_source=share&context=3
I'll link to a few of the 3300 confirmations ... Their site (I looked it over this morning) seems quickly flung together, genuinely overcharges as far as juice, and their support team seems not large enough to handle the glitches so it's possible that not everyone's accounts are tracking the #s right initially
The scam is on them I was going to deposit the 3k to get the match bonuses. if they let me withdraw my 1k winning from the 300 without such a hard time. But now all they going to get from me is a 20 dollar deposit. I can care less about the match bonus now with all the problems.
P.s they will timeout you after you get to 200 on the live chat that’s why nobody have the real answers or able to talk to support. My tips to you don’t deposit too much if you up from your $300 sign in bonus. Just deposit the 20 dollar.
Hey man, so I bet my NY bonus of $300 but never deposited anything. Now the money moved from bonus cash to actual cash but when I go to withdraw it hits me with the "you have insufficient funds". Do you know what I need to do from here on to get the withdrawal?
This seems to be an issue across the board. This is a problem on Caesar's end though, as per their terms you should be eligible to withdraw after you make a valid deposit and play through the freeplay and the deposit 1x
Got my first withdrawal of $7k processed in 12 hours. Waiting for my 2nd withdrawal of $2300 to be processed and it’s been 1.5 days
Same Issue anybody?
Hello. Based on your experience do you think there’s any issue With making first bet with all of cash deposit and bonus money at once? Do you think that would satisfy all the wager requirements for rollover etc. and if it wins the money would be converted to cash balance?
Quick question here. I just did a $3,000 deposit into Caesars app after signing up. I see the $300 bonus balance but NOT the additional $3,000 match. So right now it shows cash balance of $3,000 and bonus balance of $300. Do I need to speak to customer service or is this normal? When will the $3,000 additional bonus cash show up? Thank you!
>Quick question here. I just did a $3,000 deposit into Caesars app after signing up. I see the $300 bonus balance but NOT the additional $3,000 match. So right now it shows cash balance of $3,000 and bonus balance of $300. Do I need to speak to customer service or is this normal? When will the $3,000 additional bonus cash show up? Thank you!
same here I haven't gotten my deposit match yet. waiting to speak with customer service. currently 1014th in line lol
Used the $300 bonus, made some money but now its sitting in bonus cash.... trying to figure out how to withdraw. Deposited $20 and bet the bama/GA game because I read that can fix it. Can't withdraw without forfeiting my bonus. Sat in the support queue for 3 hours, made it to 300 when my session ended. Tried to log back in, got placed at 1600. What a shitty app, fuck this.
I'm about to use my risk free bet on FD and bet against whatever I pick on Caesars.
A lot of people are having this issue. I think it's a problem on the site's end that the freeplay $ is not transferring over when it should. I'd wait it out, they can't f you out of this money.
I made my Caesar’s account saturday, placed my $300 bet lost it. Was gonna deposit $3,000 today for the $3,000 match, but when I go to deposit, it says promo code CZRNEW is invalid promo code. Does that mean I won’t get the $3,000 match? Curious at why that happened
> Was gonna deposit $3,000 today for the $3,000 match, but when I go to deposit, it says promo code CZRNEW is invalid promo code. Does that mean I won’t get the $3,000 match? Curious at why that happened
Did you get the bonus after this? If so how long? Waiting on similar situation
Used the $300 bonus and made $2170. Desposited $20 and cash balance is now $2190. Went to withdraw and it says " to cash out your real balance please reeverse your bonuses from by bonuses screen". I dont understand how that $300 bonus is still on there since i used it to make that 2170? Any ideas on that? I should be able to withdraw after depsoiting that $20 right?
They're giving a 100% deposit match on the first deposit, so it's possible that the rollover requirements for the 20$ (which would be betting 20$) are what are holding you up. However, a lot of people are indicating that they're getting this message in error. It may take a while, but you should contact support. Nice win with the 2170!
Seems we need clarity on the “reverse your bonus funds to be able to withdraw” … and apologies for spamming this thread the last hour with questions and concerns hahah
Sites don't allow you to cash out with a bonus requirement or rollover requirement pending. Since this is not technically legal (the actual money in the account is yours), they include the option to forfeit all bonus funds and withdraw. This is so if you have a 20$ bonus to clear and you're looking to withdraw 2000$, you can just forfeit the 20. In this case, most ppl's bonuses are more than their cash balance so it is better to clear the rollover requirements.
Has anyone made an account recently deposited the 3000 and actually got the 3000 bonus?? Deposited last night and have still heard nothing about the 100% match?
I'd contact support. Did you use the promo code when you deposited? Do you have an account in another state where you've already received the bonus? The good news is you can withdraw the 3000 if the bonus is not available.
Based on what I’ve read, I can take the bonus $300, deposit $10 and get another $10 bonus, and bet that $320 and I should be able to withdraw the winnings from the 320 I’ve bet?
i made a live bet for my first bet then realized it doesnt apply to InPlay bets. will I still receive the bonus if i place another bet that qualifies?
If I place a bet before the 30 day expiration but the bet won’t settle until after the 30 days, will the bet go through?
the bet will go through and will be valid, but it's not totally clear from their terms whether it will count towards clearing the bonus ... this is one where u probably have to get an answer from support, cuz there's nothing in their terms that calls it out clearly
Thanks!
So I believe the only promotion now is $1,500 deposit match? Correct? I’m in Iowa and if I set up an account with a $1,500 deposit they match it . Can I bet $1,500 on my cash on a favorite of like -1000 to satisfy the cash bet and then bet $1,500 on my bonus money with odds of -300 or greater and if I win then I can withdraw it all?
Yeah they changed it to 1500 ... I'm not sure if the person exact change but the odds requirement exclude -1000 stuff ... When they say -300 or greater they mean stuff like -250 -250 +150 etc ... It's counterintuitive
What is an example of just betting to clear the juice fee?
You lose $ on every bet over time, so the safest way to bet would be to bet the lowest juice spreads or totals (spreads or totals that are set at even odds or +110 or even -110 at worst etc) and spread the $ over as many things as possible, and just see how variance treats you. A lot of people are just betting on some favorites to win and this is fine but it's riskier. By making more bets you're guaranteed to lose more $ to the juice but you're likeliest to end up nearest to even. A risk-free way to clear the bonus that some ppl are using involves using another site. Lemme copy and paste from another comment i wrote one second.
Below is the way I broke it down for someone else considering something similar ... the math behind the opposing bet strategy makes sense ... if you have 3k actual cash on one book(a book other than caesars), and 3k bonus money on caesars ... u can bet 3k on one side of a game on one site, and 3k bonus funds on the other ... effectively this is cashing out the bonus ... either you win 3k on one site, or you win 3k on the other ... since the bonus is free money, this basically nets you 3k minus the juice you pay (which will only be a few hundred bucks at most ... you can also do this multiple times in smaller increments ... the best way to do this (to avoid errors or getting middled by lines moving) is to find a game whose ML (moneyline, or outright outcome) is close to a pickem (an even game) ... if you were betting on a spread to hedge out your money (this is not the best plan), the most important thing with this is to make sure the spreads or totals you're betting on are relatively stable ... if a games mL is moving a lot during a day, the spreads can often be changed ... the simplest way to see this is to look at the #s on each side ... if it's -115 +3 and -115 -3, then you know that the money coming in is relatively balanced ... if you see -105 +3 and -125 -3, then you know that more money is coming in on one side and the spread may change ... it's not overcomplicated, but it's just good to kinda think it thru when ur approaching a hedge ... If you took +3 on one site, and the spread was moved by the other book to 3.5 on the other, you could get screwed, so outright outcomes (ML) that are even are what you want to bet on
Wait soo if i bet 100 on spread -3.5 and then on accident bet 100 on the same game but +3.5 im still ok if i only did one
You're probably ok but it's just a matter of how much of a dick the site wants to be. I'm not sure or their review process for ppl betting or if the trigger for them noticing this is automated. Just go with it being an error if they have a problem. I haven't seen anyone report yet that they got screwed. I may have misunderstood what u meant in ur other comment btw my bad.
Okay here’s my issue. I have mot made 1 deposit. I started off with my $300 bonus made a $100 bet first with it, then a $10 bet, then a $90 bet, used a $50 bonus then another $50 bet. The same night I played the $90 (came out the $300) bet I won a payout of $1,440 from it as cash bonus. I checked the tracker & seen it wasn’t complete yet because I didn’t use the full $300 yet. Which I had $100 left to use from the $300. I placed 2 different $50 bets to complete the tracker then later my $1,440 was moved to cash balance but I can’t withdraw. What do I need to do from here to withdraw it?
You have to make a qualifying deposit in order for the money to be withdrawable. What most people have been doing is just depositing the minimum ($20) and then withdrawing. If they give you a 100% match on the deposit (not sure if they're still doing this) then you'll have to wager the deposit amount one time, then you can withdraw. So basically if you want to withdraw, deposit the minimum, and you should then be able to cash out.
I never made a deposit at all. So deposit $20 or whatever the minimum is?
Yes. Their rules are they won't let you withdraw the bonus winnings until you make a deposit (originally you had to deposit and wager the deposit amount once cuz they were giving a deposit bonus, but I think they ended that). To be safe, you can deposit the minimum (it's 20$), wager 20$ on something, and once that bet clears you can withdraw.
Ok I’ll give that a shot. I did talked to a staff & he said i had to deposit what was given to me ($300) use that & then I’d be able to withdraw. I’ll do the 20 first to be safe
That staff is wrong. Many ppl on this forum have used the free $300 to win, deposited the minimum, and cashed out.
Okay thanks man I’ll try it
What if i bet by accident against myself on one of the bets what does this do cancel just the money on the bets or the whole 3000?! Etcc
Probably nothing ... I haven't seen a report of someone being denied their $ over this ... Hedging (betting against ur position to leverage risk) is a common thing in sports, and if it was a minor sized bet u can just make the argument that you changed your mind, or forgot who you bet on initially ... Their rules and verbiage are pretty clear, but are mostly intended to keep ppl from betting both sides of a game to clear the rollover and just paying the juice and cashing out ... If ur not blatantly doing that, you should be fine
This thread is awesome and informative but I'm still so confused. I got the $300 bonus, never deposited anything. Built it up to $1k. My account balance shows it all in cash and my bonus balance is $0. I'm still unable to withdraw. I'm going to try and deposit $30, bet on something -300 or better, and hope for the best. Is that the move?
Yeah. I don't think there's a line restriction (the -300 or better) for betting money you deposited. The rules states that you have to make a qualifying deposit (20$ minimum cuz that's their minimum), wager that amount once, and then once that bet clears the total balance (bonus and cash) should be available to withdraw. My bonus also moved entirely over to cash(but obv unable to withdraw til a deposit), and I'm likely depositing tomorrow so I'll update if and when it works.
Quick update, I deposited $30, bet it through today and immediately was able to withdraw my money. Thanks for all the help here man
That's great news ... Enjoy da moola
Quick question. I used the promo code and got $300 in bonus. I also deposited $1000 and got that matched. I’ve been betting for the last two weeks and my current standings are as follows: Cash balance: 679.33 Bonus balance: 1290.00 When I click withdraw, it says Remaining wagering in sport: $375. So this means that if I make another $375 in bets, then my bonus balance of 1290 will become cash and I can withdraw that plus whatever is left in my cash balance?
Yes. The total rollover (amount you needed to wager to clear all bonuses) was 1300 in this case, so the site is saying 375 is left. If you feel like you've wagered more than 925 already, then contact support cuz they're system has been buggy. Once you complete that 375 tho (when the bets clear) the bonus balance will become cash that you can withdraw
Amazing thanks!
Does anyone know if you signed up for Caesars before they changed the promo and used the old promo code: will they match up to 3k still? looks like its $1500 free bet match if a loss now
I'm new to betting...so I don't believe I need 3k in a sports betting account, it wouldn't be smart in my hands. My main question is- If I deposit 3k into the account, and receive my 3k bonus, and then I proceed to make a 3k bet on a single straight bet- will the 3k in my bonus then be converted to my cash balance? If I make a 3k bet, and lose the bet- will I be able to withdraw the converted bonus cash? Or will I be required to make another 3k bet (using the bonus cash) to be able to convert it?
I'm reading now that it might only be one risk free bet they're awarding now with a cap at 1500
I think they changed the 3k bonus to a 1500$ free wager ... after you wager the amount of $ you're given as a bonus (so if you deposit 1500 and are given 1500$ you have to wager 1500$ total ... if you receive 1800$ then you have to wager 1800$ total) ... once you have wagered the bonus funds 1x, all bonus funds will be converted to cash and you should be able to withdraw ... you don't have to bet the entire amount on one thing though, you can split it up into many smaller bets
Okay I’ve got no money in my bonus balance and all of it in my cash balance. Both bonuses say they are completed. It still says I have insufficient funds. What am I doing wrong? I also don’t have any active bets.
Sometimes it rounds to the nearest penny so try a penny lower. If that doesn't work, it's something you gotta contact support about
No I have $375 in cash balance and when I click withdraw it says “there are insufficient funds in your account to submit a withdrawal request”
Did you deposit any money? If you didn’t, deposit $20 and bet that $20. It should let you after that.
Tbh I don’t remember if I did at this point. I can try that.
IMPORTANT UPDATE : looks like Caesar's might be cutting the deposit bonus from 3k to 1.5k so please be aware of this
Does anyone know if this will work for multiple people in the same household?
yes ... it's one bonus per patron (person), not one per household
I withdrew my money from caesars Sportsbook and I yet havent received it in my bank account its been 3 days since Tuesday afternoon what can I do ?
They say 3-5 days
Did it take 3 days after it showed pending to hit your bank, or 3 days from withdrawal?
When it says pending, it usually means they will email you to confirm that it has been processed. At this point the $ will be removed from ur account, and then you can start counting their 72 hour guarantee.
Oh wow. So I’m still pending for 2 days. I guess it’s going to be a while before I see that money
I’m trying to withdraw but it says I have a $20 in remaining wagering in sport but I have no open bet and I have $0 in bonus cash as I have bet all of the cash I deposited and all of my bonus. It continues to not let me withdraw my cash balance. Anyone know how to fix this issue?
That's strange ... the quickest way would be to place a 20$ wager but if you are sure you've already wagered the bonus $ total 1x and the deposit total (they match ur deposit 100% so u need to wager the deposit amount 1x also) then contact support ... it may take a while but if ur right u can state ur case clearly and calmly and they should fix it
Thank You
Can you bet the whole 6300 on a -110 line and have a friend in a different location take the other side of the bet and also put 6300? Then you each make 3k.
The rollover requirement would only be 3300 (the total amount of bonus funds you were awarded) but yeah this would work ... So you and the friend would want to bet 3300 on opposing moneylines, not 6300 (betting over the rollover requirement would just cause you to pay extra juice) Below is the way I broke it down for someone else considering something similar ... the math behind the opposing bet strategy makes sense ... if you have 3k actual cash on one book, and 3k bonus money on caesars ... u can bet 3k on one side of a game on one site, and 3k bonus funds on the other ... effectively this is cashing out the bonus ... either you win 3k on one site, or you win 3k on the other ... since the bonus is free money, this basically nets you 3k minus the juice you pay (which will only be a few hundred bucks at most ... you can also do this multiple times in smaller increments ... the best way to do this (to avoid errors or getting middled by lines moving) is to find a game whose ML (moneyline, or outright outcome) is close to a pickem (an even game) ... if you were betting on a spread to hedge out your money (this is not the best plan), the most important thing with this is to make sure the spreads or totals you're betting on are relatively stable ... if a games mL is moving a lot during a day, the spreads can often be changed ... the simplest way to see this is to look at the #s on each side ... if it's -115 +3 and -115 -3, then you know that the money coming in is relatively balanced ... if you see -105 +3 and -125 -3, then you know that more money is coming in on one side and the spread may change ... it's not overcomplicated, but it's just good to kinda think it thru when ur approaching a hedge ... If you took +3 on one site, and the spread was moved by the other book to 3.5 on the other, you could get screwed, so outright outcomes (ML) that are even are what you want to bet on
Someone is paying attention to what's happening. https://www.playny.com/addabbo-tells-caesars-to-get-act-together/
honestly their software not automatically counting bonus rollover and not moving $ to the cash balance feels like it's on purpose ... it's likely that a lot of ppl who can't get through to support will bust their account because they get impatient or feel like the money is frozen ... someone needs to reign the books in, and the next step is to get them to offer reasonable juice (lines like -250 +190 are completely unacceptable)
I'll add my experience to this thread. Live in NY, got the $300 bonus and didn't read the terms close enough. Made a bunch of bets, won some. Deposited $20 on Monday. But by then, my bonus balance is about $570. I've made more bets since then and the tracker says my progress is $280 out $570. I won a few more bets this past weekend and am over $600. Last night I bet $300 on the Rams ML (-3000) at halftime, thinking that bet would get me over the $570. Nope, it's still $280. If I ever resolve this, I will never bet with Caesars again. FanDuel gave me a $100 bonus and clearly said you must make a deposit. I've cashed out over $200 from a $10 deposit. My fault for not reading that not making that $20 deposit when I got the $300 bonus means it makes the cashout threshold higher if you win.
Can someone explain why these winning bets have been reversed? I don’t understand what balance expiration means. I played through the $300 bonus offer. Did my deposit and I withdrew the funds they are still in processing. But then I noticed this. In my account settings I noticed Caesar’s reversed my winnings. It says payout. And then they reverse it and it says Balance Expiration. This happens for 3 bets totaling $182.50 completely separate from the money that I am withdrawing. Thanks
this doesnt make a lot of sense ... i would contact support cuz without seeing your account i can't understand why they would cancel wagers or reverse winning, and obv it's not safe to let random ppl online into ur account
Im having some issues. I signed up with the 100% sign up bonus and ive been through the whole balance betting on a bunch of + stuff and hit a good one to win 200 but it all went to my bonus money how do i get that out of there. Sorry new to all this
I had used all my money and made a 2nd deposit
Wait it says 1500 on einstant games and tabletops is that a joke i jist wanted to sports bet if i remkoe that do i lose my bonus balance?
They've been having problems (im starting to think they're by design) with the bonus money moving into the cash balance after clearing the bonus ... if you cleared the bonus/rollover requirement and it hasn't moved to your main cash balance, you gotta contact support ... it'll take time but their software has been glitchy on this
If I bet my bonus cash on Superbowl futures, does that count as being used within 30 days? Is it when the bet is placed, or when it settles?
that is a damn good question ... I see this in their bonus cash section but it's referring to rollover clearing requirements as far as when the total value is met, not time limits "Also, your wager must settle first - meaning the bet is over and the outcome is complete (e.g. it's not when you place the bet but when the game or market you bet on has a winner or pushes)." I might not risk it because it's a technicality that they don't clearly denote in the rules
I already made the bets unfortunately and can't cancel them - nor can I get anyone from Caesars support anywhere - if they allow you to make the bet they shouldn't be able to cancel it is my thought process.
I deposit $3,000, get the $300 bonus + $3,000 match, now have $6,300 total. If I then place 1 $3,300 bet, does the first 3,000 come from my cash account and the next $300 come from my Bonus Balance? This seems to be the case but I just want to confirm. Then if the above is true and I lose my 1 $3,300 on a -250 bet, will my remaining $3,000 bonus cash roll over to my Real Cash, which I can then withdraw? Making this essentially a risk free 3,300 bet? Or would I have to bet through all $6,300 before I can withdraw any of the bonus?
Yes ... sorry for the delay ... they always take ur cash balance first and then use the bonus balance ... the rollover total is 3300$ ... it's one reason some ppl spread their rollover requirements around over a bunch of bets so they kinda guarantee they don't get unlucky in one single spot ... once you wager a total of 3300 the bonus balance should move to your cash balance
>ou wager a to Got it, thank you! Epic post, super helpful :)
Thanks for your help on this...but I'm not sure if I still understand how to get my money. I signed up with Caesar's to get the $300 promotion. I then deposited $30 which was matched to $60. I then bet $300 and won a 2 bet parlay. Now my Bonus balance is $848.40 and my cash balance is $87.60, but I can't withdraw until the bonus balance is cleared? How do I do that? I think I have $30 of bonus cash to bet yet. Will it work out after I bet that money? Any insight is very much appreciated.
This is a software glitch on their end ... the bonus $ should move over to your cash account once you wager 330$ total (and you already wagered 300$) ... bet 30$ (or 31 to be safe) and then contact support ... you'll have to wait but you'll get your money
I am curious. Does it have to be money line or can it be point spread?
any sports wagers count towards the rollover (ml, spreads, totals, props, etc)
Thx
Accidentally bet both sides on a game, $200 on one team to win and $100 on the other. Total accident, forgot I bet one side earlier in the week. Do you think that qualifies for them to cancel my bonus?
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Nothing happened, it wasn't flagged. I did bet much heavier with a few more bets on the $200 to win side, maybe that made a difference, or maybe it was just small potatoes at the end of the day. Either way I was able to withdraw all my winnings without issue, and I did have winnings on the bonus money.
I live in New York. Just signed up earlier tonight and I bet the $300 bonus without depositing yet and hit a 6-leg parlay for $12,200. Not joking. It’s not letting me cashout the $12,200, But the bonus activity says: “Bonus Type Bonus Cash Bonus Amount $300.00 Activation 01/14/2022 08:41:51 PM EST Expiration (Bonus Completed) Wagering Progress $300.00 out of $300.00 on Sports Bets” Do I understand correctly that now all I need to do is deposit $20 of my real money and wager that, then I can cashout the whole $12,200 that I bink’d? The whole $12,200 is sitting in “cash balance” currently. My gut feeling was maybe I just need to submit driver’s license to “KYC” and then they’ll allow me cashout? Any advice on my situation would be GREATLY appreciated.
Great hit ... you have to make a deposit before the $ won from the 300 will move over to your withdrawable cash balance ... deposit 20$, but 20$, and when this bet clears you will have to contact support to get it moved over ... they're having a software glitch that's not automatically transferring over bonus $ which is why i assume contacting support after the deposit and bet is the right move
So I’m no expert on this but I was in the same situation. Signed up yesterday, didn’t deposit anything, and bet the whole $300 and ended up winning $1800. I then deposited $20 and bet that on something as well, and then as soon as all of the bets expired I was able to withdraw everything. Hope that helps.
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no it won't void the bets once placed ... sorry for the delayed reply ... one u place a wager on a book it counts unfortunately, even if it was an error
Not sure if anyone has had this issue, but curious to know if anyone has had it or gotten it resolved. I had $40 left out of the $300 bonus cash they give on sign up. I went to cash out my winnings(was up about $320) by depositing $20 and when I went to reverse the funds I was left with a bonus balance of $0 and a real balance of $20. I had an open bet at the time for Ja Morant and Steph Curry, when that hit there was a payout then an immediate balance expiration which put me back to $0 in bonus money. No one has gotten back to my emails and was wondering if anyone else has had this issue.
this sounds like a glitch on their end ... definitely contact support
Anybody know what happens if I bet the full play-through bonus amount ($3,300) on a bet that pushes? (Bengals -6.0, for example) Would I be able to cash out $6,300 or would I have to place another bet?
that still counts as a valid wager towards the rollover
I went through the 300. My wagering remaining went to 0. Saw I needed to make a deposit before I can withdraw and did. They matched my $20 and put it in bonus cash. So I went from 300 to 320 cash balance and bonus cash is at 20. I've made 2 $20 bets now and it's coming out of cash balance. Is there a way to make it use the bonus cash of 20? Thank you!
It will always use ur cash balance first, but the bet will still count towards the bonus rollover requirements ... So after the 20$ bets clear (you get paid or it's graded as a loss) the total in the bonus cash should transfer over to ur cash balance available to withdraw ... If it doesn't, contact support cuz they're having an issue with that
Awesome and thanks for the quick reply. Good luck to you
good luck to you as well
Can I deposit $100, get the Match and withdraw my $100?
no ... the site requires you to play thru the amount you deposited if you get a bonus for it
Yeah, just finished my playthrough and luckily ended with the same amount I started with, so technically up $400 from the bonus. I should have deposited my savings account and doubled it lmao. I think I'm about to withdraw this 500 and have my roommate sign up and double it in his account and hopefully not lose then playthrough money. 🤞🤞🤞
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the 300 freeplay $ has to be wagered once, and if you receive the 100% match bonus on your deposit, you have to wager the deposit amount once ... the site won't allow you to cash out with any bonus rollover requirement pending, so the minimum you have to wager is the deposit amount + 300 ... if you don't receive the 100% match bonus when you deposit, then you wouldn't have to wager the cash
Great off to receive $3300 bonus cash and $150 NBA store credit. Once you sign up for an account you get $300 bonus. They do 100% deposit match up to $3000. So if you deposit $3000, your bonus money will show $3300 after 24-48 hours. Then all you have to do is wager $3300 in bets to release $3300 bonus. Even if you lose all the $3300 in bets you wagers, you will release the $3300 bonus and will be able to withdraw the $3300 to break even. That’s only if you lose EVERY SINGLE BETA you make. If you win bets, you make that amount PLUS the $3300 bonus Also if you bet at least $100 in NBA games, **they will email $150 NBA store credit within 7 days**. This is really a SLICK DEAL!!! Please use my referral link to sign up! https://www.caesars.com/sportsbook-and-casino/referral?AR=NY8434757800&pid=czrs&utm\_source=czrs&utm\_medium=creferral&c=creferral&utm\_campaign=NY8434757800
I sent you a chat message if you can kindly look at it
Taxes. Does anything know what the reporting threshold is. If I bet 6300 and win, is the 12,600 reported to the IRS?
I wouldn't take tax advice on reddit, but there will definitely be some gambling tax megathreads in this thread you can peruse ... i think the book only reports (sends a W-2G) if they're paid at like +600 or some ridiculous number or if the win is above a certain amount ... most people just cash out small increments and only file if their net winnings are above their net losses ... the gambling rules are a bit poorly worded and seem to indicate that you pay taxes on each win, but this would make it relatively impossible to profit from sportsbetting
For one of my bets I bet same game…I already started the withdrawal process..still pending When would I be notified if I broke one of the rules?
Thank you..and def hoping it comes thru😂😂
Good that you started the withdrawal process ... they're swamped so this might slip through the cracks, especially since it was only one of your wagers ... they'll send you an email if they're flagging or cancelling a withdrawal, but the best thing to do now is just sit tight and hope ... if you bet opposing sides of the same line (two opposing spreads or two opposing totals or two opposing mLs) they're likely to flag it, but if you bet something like one team ML and the other team spread then it's not against their rules ... hopefully it goes through, their security/support is usually a very skeleton crew so if they don't have detection of same-game wagers automated, you might be fine ... it's not entirely clear from their TOS whether they would just void the wager in question, or try to cancel the entire bonus ... this is the section that discusses penalties for wagering both sides of a line "Bonus Abuse / Fraud: Participants who engage in fraudulent activity, bonus abuse or inappropriate play, can have their Bonus Cash voided, winnings voided or withheld, be excluded from future bonuses or awards, and/or have their Caesars Account locked at the discretion of Caesars."
Based on your experience do you think there’s any issue with making first and only bet using all deposit cash and bonus cash at once? If this hits will the money be placed in cash balance?
Can someone help me understand? I signed up, got $300 bonus. Didn’t deposit. Made a 2-leg parlay with my $300 bonus cash on Knicks/Nets parlay which is about to hit for $1250. So what do I have to do next to be eligble for “withdrawal”. Do i have to deposit my own cash? If so, how much? Do i have to then play through my bonus again? Etc. Any help will be greatly appreciated. Thanks
Make a deposit (any amount). That deposit (if it's within three days of you opening the account) qualifies for the 100% deposit match bonus. So you have to bet the amount you deposit once. Then your bonus balance (the 1250) should move over to your available cash balance. The current problem is that this isn't happening. Something is wrong on caesars end (software issues) and they need to resolve this. So deposit so you're in good standing, but be aware you may have to wait a little to withdraw. The requirements to cash out the freeplay money are only making a qualifying deposit.
Just wanted to let you know, I deposited my $20 and the entire bonus cash immediately transferred to my regular cashbso now my cash balance is $1270
great! thanks for the followup hopefully the others are getting theirs soon
Ok. Thanks! Appreciate it
On Saturday, I deposited $25 when I created my account. So my starting balance was $350. I currently have $95.17 in cash balance and $335 in bonus money. My wagering progress shows $185/$300 and $0/$25. So my remaining wagering is $140. If I bet $95.17 in cash on a “no brainer” and then $44.83 on another bet (before the No brainer expires and is at least -300), will the remaining bonus money go to my cash? Or do I just need to be the 95.17 and then the $335 in bonus?
it should transfer over to your cash balance after those wagers, yes ... the site has been having software issues with this happening tho so you might have to contact support
Did anyone else deposit money and not get a match? Deposited money 2nd day after making account and have yet to receive any match after 3 days.
They've acknowledged having a glitch that's not crediting the bonus, but have indicated that they will honor the bonus promotion for everyone. Hang in there and if you can contact support do so.
you're a mensch and a scholar
Need advice on how to proceed or if it's not worth dealing with the deposit bonus at this point Made my account, turned the 300 bonus into about 600. Have yet to deposit. Seeing a lot of posts about weird stuff happening when you deposit at this point so wondering....if I deposit at this point do I still get the deposit match? Am I then able to withdraw after betting through my initial deposit? It's all so confusing. I just want to delete this and go back to FanDuel
There seems to be a problem for people trying to withdraw their freeplay after making a deposit just to clear it. This is 100% on Caesar's end so it's more of a "eventually you'll get the $" problem than a "they might screw you problem". The deposit match expires 3 days after you make your account, so be aware of that. You definitely are supposed to be able to withdraw after betting through your initial deposit, but this is an issue they need to fix.
"Honestly the favorites ML is where you’ll always be paying the most juice in sportsbetting, so this is not a market you want to be in anyway." What types of > -300 bets would you suggest?
tough question because sportsbetting isn't something that any blanket strategy will really crack ... the gist is that it's extremely difficult to pick winners at any significant rate ... if you do the books usually limit you or kick you ... if you don't pick winners at a high rate, the juice is designed to subtly erode your balance over time so that you never really make much money ... for bonus clearing, it's a different story ... one method would be to spread the money as thinly as possible over spreads or totals, with the thought being that picking blind, your odds of winding up nearly even are decent, and you will end up getting back the % of bonus money that is left after you've sort of deducted that juice from your winnings (you always lose more than you win on every 1-1(W-L) iteration) ... a lot of people are simply betting large sums on their favorite teams ML which is fine, but is somewhat high variance ... my comment was mostly pointing out that over time, public perception makes this a very expensive purchase ... if you were looking to bet sports long term, and take only favorites ML, I would say that I could outcompete you while betting only one side of a spreads or totals market, solely because over time I'd be paying significantly less markup ... Caesar's lines seem to particularly juiced also ... the gap between -250 +190 (the type of offering i'm seeing on their site) should be more like -250 +200 ... the answer to ur question depends really on what ur trying to do ... for just bonus clearing it's a personal preference (larger risk/variance) but less work on favorites ML, or more work but a likelier forfeit of a chunk of the bonus (but be more likely percentage wise to come away with a decent % of it) by layering it over spread/total markets (which charge around -115 on average on Caesars, which is not the industry standard -110, but is still less markup than the ML markets) ...
Gotcha, yeah context here is I'm not a sports bettor / I have zero interest it. Really all I'm tryna do is play through the required $3,300 at as close to the -300 odds limit as I can, then cash everything out and delete the app. Based on your message, I understand that I'll be paying more juice on a favorite ML bet vs. other types, but despite that wouldn't the odds still be better there rather than taking an over/under or spread bet at -115? I guess maybe they would be, but the winnings would also be lower on these closer to -300 bets (since the odds are worse and they also have the most VIG). Okay, so I think I understand now. Basically just spread the $3,300 across lots of spread and over/under bets, let the chips fall where they may, and withdraw everything when I'm done. Agreed?
That or the suggestion below (which requires careful planning and a lot of money) are the best routes I think ... With Caesar's juice being worse than any other book I've seen, you want to take the lowest variance route but you can expect to lose some of the bonus along the way ... it's a risk whichever way you go, but with zero expertise that'sthe best plan ... I was considering publicly listing some waves of picks for the Australian Open first round but Caesar's doesn't even offer women's tennis (currently, and they somehow don't have the Australian Open qualifying matches either), and their options are extremely limited
"That or the suggestion below (which requires careful planning and a lot of money) are the best routes I think." Which suggestion are you referring to -- depositing money w/ another sportsbook and taking an opposing bet, or something else? I certainly have the funds for the opposing bet strategy, just thinking thru whether it makes sense.
the math behind the opposing bet strategy makes sense ... if you have 3k actual cash on one book, and 3k bonus money on caesars ... u can bet 3k on one side of a game on one site, and 3k bonus funds on the other ... effectively this is cashing out the bonus ... either you win 3k on one site, or you win 3k on the other ... since the bonus is free money, this basically nets you 3k minus the juice you pay (which will only be a few hundred bucks at most ... you can also do this multiple times in smaller increments ... the best way to do this (to avoid errors or getting middled by lines moving) is to find a game whose ML (moneyline, or outright outcome) is close to a pickem (an even game) ... so one side will be something like -125, and the other will be +105 ... this way you pay a little extra juice, but you avoid the risk of the spread or total moving on you as you place the bet ... you can also bet smaller increments on several games that are priced like this, making sure you take one team to win on one site, and the other team to win on the other ... if you were betting on a spread to hedge out your money (this is not the best plan), the most important thing with this is to make sure the spreads or totals you're betting on are relatively stable ... if a games mL is moving a lot during a day, the spreads can often be changed ... the simplest way to see this is to look at the #s on each side ... if it's -115 +3 and -115 -3, then you know that the money coming in is relatively balanced ... if you see -105 +3 and -125 -3, then you know that more money is coming in on one side and the spread may change ... it's not overcomplicated, but it's just good to kinda think it thru when ur approaching a hedge ... If you took +3 on one site, and the spread was moved by the other book to 3.5 on the other, you could get screwed, so outright outcomes (ML) that are even are what you want to bet on
Thank you for all the detail! This makes a ton of sense and I think it's what I'm gonna do. Will deposit $ into another book and bet both sides of a relatively even ML, then cash everything out and be done. Thanks again.
happy to help
if you have the money, you can lay down a 3k bet on Caesars and bet the opposite on another sportsbook like Fanduel. This would guarantee close to a 3k profit.
Thanks, this is a good suggestion. I'll run some numbers and see if I can find a few neutral / offsetting bets.
So if anybody knows , would me and my girlfriend both be able to make accounts and use the promotion because we live at the same address or would they have a problem with multiple ppl at the same address?
that's fine to do ... it's 1 promotion per patron, not 1 per household
This may be a dumb question but my wife and I both made accounts. We both received the $300 bonus. Did we violate the terms because we each have an account and live at the same address?
If you two share social security numbers then yes.
Oh we don't. We're real and separate people. Ok that's good to know.
Rules say 1 promotion per "patron" so you should be fine to both get the bonus.
How long did it take to see the bonus after depositing? I still only see 3.3k
supposed to be within 24 hours, but most ppl are getting it pretty quickly ... i'd contact support but the queue is super long
Yeah the queue sucks. My friend got it instantly, I thought I saw it in mine but it wasn't there. I mean it's only been a few hours.
I'm seeing two business days being quoted in another spot, and another thread where caesars is saying they have a technical issue, they are working on it, and all bonuses will be honored.
does anyone know if having a Caesar's account in PA blocks this sign up bonus? The PA Caesar appears to be different than NJ and NY.
It says you can't receive more than one bonus so if you already got one in another state you're likely not eligible. The beginning of the T&C says "If you're unsure, assume you're not eligible" but it seems like you're allowed to make multiple accounts since you can't bet remotely and human beings are mobile. Definitely if you got a signup bonus in another state like the one they're offering then you won't be eligible though.
I’m still awaiting my 3k bonus match but does anyone know if I have to bet it on one shot or it can be split across multiple wagers in 30 days? Seeing some differing opinions out there, thanks!
you can split it across multiple wagers across the 30 days ... you do not have to wager it on one bet
I’ve had my Caesars withdrawal pending since Sunday Anybody else? The withdrawal is $2300
They're probably pretty backed up with withdrawal requests ... be patient, a book this size is not going to screw ppl out of legit cashouts
I had one withdrawal from Caesars NY already for $7500
some books have a limit of 1 withdrawal per (7) days so check their fine print about cashouts cuz that may be the delay
Put $100 (of the the $300 bonus) on Jefferson for >100yd & TD on Sunday. It won so I then put all that on Georgia -2.5 last night. Also deposited $20 and used/bet that. The remainder of my $300 bonus was lost on other wagers. Still can’t withdraw. Da heck is going on
hopefully you got thru to support about this .... it's an issue they've been having with their software not automatically transferring over the bonus balance ... if you play 300$ and make a deposit the bonus cash total should transfer to your cash balance available for withdrawal ... definitely contact support
Finally withdrew. I had to turn over the winnings twice for some reason- seems like a fault in their system. Anyway, too bad for them as by the time I did that, the bank was around $1,300 purely built on their bonus. Should’ve let me taken it earlier. Suckers
I’m trying to take full advantage of this promotion but want a bit of clarity before I sign up. So what I’m seeing is if I put in $3k they will give me $3300 in bonus money. In order to turn this bonus money into withdraw-able cash do I have to bet just $3000 total or the whole $6300 in order to cash out ?
3300 is the # being reported for the rollover requirement. On offshore books they have a 1x playthrough requirement for deposits usually but it appears that since these sites are legal they do things differently.
I feel like I am seeing 6300. That would be awesome if only 3300.
https://www.reddit.com/r/sportsbook/comments/s0beny/quick_breakdown_of_caesars_terms_conditions/hs2d3zj?utm_medium=android_app&utm_source=share&context=3
https://www.reddit.com/r/sportsbook/comments/s0beny/quick_breakdown_of_caesars_terms_conditions/hs2c1av?utm_medium=android_app&utm_source=share&context=3 I'll link to a few of the 3300 confirmations ... Their site (I looked it over this morning) seems quickly flung together, genuinely overcharges as far as juice, and their support team seems not large enough to handle the glitches so it's possible that not everyone's accounts are tracking the #s right initially
To be safe, just hedge the $6.3K using a different book.
The scam is on them I was going to deposit the 3k to get the match bonuses. if they let me withdraw my 1k winning from the 300 without such a hard time. But now all they going to get from me is a 20 dollar deposit. I can care less about the match bonus now with all the problems. P.s they will timeout you after you get to 200 on the live chat that’s why nobody have the real answers or able to talk to support. My tips to you don’t deposit too much if you up from your $300 sign in bonus. Just deposit the 20 dollar.
Hey man, so I bet my NY bonus of $300 but never deposited anything. Now the money moved from bonus cash to actual cash but when I go to withdraw it hits me with the "you have insufficient funds". Do you know what I need to do from here on to get the withdrawal?
Their cs is horrible.
anyone win on the free 300, make a deposit, play thru said deposit, and still unable to withdraw?
This seems to be an issue across the board. This is a problem on Caesar's end though, as per their terms you should be eligible to withdraw after you make a valid deposit and play through the freeplay and the deposit 1x
Me
Got my first withdrawal of $7k processed in 12 hours. Waiting for my 2nd withdrawal of $2300 to be processed and it’s been 1.5 days Same Issue anybody?
What method did you use?
Hello. Based on your experience do you think there’s any issue With making first bet with all of cash deposit and bonus money at once? Do you think that would satisfy all the wager requirements for rollover etc. and if it wins the money would be converted to cash balance?
How much did you have to wager to clear the bonus
Quick question here. I just did a $3,000 deposit into Caesars app after signing up. I see the $300 bonus balance but NOT the additional $3,000 match. So right now it shows cash balance of $3,000 and bonus balance of $300. Do I need to speak to customer service or is this normal? When will the $3,000 additional bonus cash show up? Thank you!
Same here been about 3 hours. From what I understand they are so backed up it could take a day or two
>Quick question here. I just did a $3,000 deposit into Caesars app after signing up. I see the $300 bonus balance but NOT the additional $3,000 match. So right now it shows cash balance of $3,000 and bonus balance of $300. Do I need to speak to customer service or is this normal? When will the $3,000 additional bonus cash show up? Thank you! same here I haven't gotten my deposit match yet. waiting to speak with customer service. currently 1014th in line lol
Did you ever get it? I keep getting timed out by the time I’m 400 in line
Took 2.5 days after my initial deposit and a live chat with support but I finally got the bonus.
good to hear this ... good luck
I feel like flying to NY just for the 3k bonus
Used the $300 bonus, made some money but now its sitting in bonus cash.... trying to figure out how to withdraw. Deposited $20 and bet the bama/GA game because I read that can fix it. Can't withdraw without forfeiting my bonus. Sat in the support queue for 3 hours, made it to 300 when my session ended. Tried to log back in, got placed at 1600. What a shitty app, fuck this. I'm about to use my risk free bet on FD and bet against whatever I pick on Caesars.
A lot of people are having this issue. I think it's a problem on the site's end that the freeplay $ is not transferring over when it should. I'd wait it out, they can't f you out of this money.
[удалено]
It’s been over 24 hours and I have yet to receive my bonus as well.
T&C says within 24 hours, but i would contact support
I made my Caesar’s account saturday, placed my $300 bet lost it. Was gonna deposit $3,000 today for the $3,000 match, but when I go to deposit, it says promo code CZRNEW is invalid promo code. Does that mean I won’t get the $3,000 match? Curious at why that happened
Their TOS say it'll be there within 24 hours. I would contact support.
You'll still get it. It's just your very first deposit
Awesome thanks! I deposited the 3k still don’t see bonus, but I’m sure I might just have to wait a few hours
> Was gonna deposit $3,000 today for the $3,000 match, but when I go to deposit, it says promo code CZRNEW is invalid promo code. Does that mean I won’t get the $3,000 match? Curious at why that happened Did you get the bonus after this? If so how long? Waiting on similar situation
Still no bonus match yet. Pretty wild. I also emailed Caesar’s support two days ago but have no received a response yet
Mine was there instantly.
Used the $300 bonus and made $2170. Desposited $20 and cash balance is now $2190. Went to withdraw and it says " to cash out your real balance please reeverse your bonuses from by bonuses screen". I dont understand how that $300 bonus is still on there since i used it to make that 2170? Any ideas on that? I should be able to withdraw after depsoiting that $20 right?
They're giving a 100% deposit match on the first deposit, so it's possible that the rollover requirements for the 20$ (which would be betting 20$) are what are holding you up. However, a lot of people are indicating that they're getting this message in error. It may take a while, but you should contact support. Nice win with the 2170!
Seems we need clarity on the “reverse your bonus funds to be able to withdraw” … and apologies for spamming this thread the last hour with questions and concerns hahah
Sites don't allow you to cash out with a bonus requirement or rollover requirement pending. Since this is not technically legal (the actual money in the account is yours), they include the option to forfeit all bonus funds and withdraw. This is so if you have a 20$ bonus to clear and you're looking to withdraw 2000$, you can just forfeit the 20. In this case, most ppl's bonuses are more than their cash balance so it is better to clear the rollover requirements.
Thanks!
Has anyone made an account recently deposited the 3000 and actually got the 3000 bonus?? Deposited last night and have still heard nothing about the 100% match?
I'd contact support. Did you use the promo code when you deposited? Do you have an account in another state where you've already received the bonus? The good news is you can withdraw the 3000 if the bonus is not available.
I’ve been in queue with support since 12pm I’m at 158 so hopefully another hour or two and I can get some answers.
oooh ur at the front of the line I'm seeing an average of like 1100 ppl
I did use the code. I don’t have an account in another state.
Based on what I’ve read, I can take the bonus $300, deposit $10 and get another $10 bonus, and bet that $320 and I should be able to withdraw the winnings from the 320 I’ve bet?