To get to the earning cap you need 10/1 odds which would typically come with futures or parlays but the house edge on those is much higher. Again, you're winning fewer bets so the variance is even larger. Similarly +200/-250 has about a 4.5% edge but gives 40 tier credits on a $100 bet. The downside is that you'll win fewer bets so your variance is higher. If you routinely bet underdogs lets say 3/2 (say +150 / -180), then the edge is about 4.1% but on that same $110 bet your tier credits per bet is larger (20% of 110*1.5=33). To actually minimize your variance make more small bets. On average you'll win half your bets which minimizes your variance. The house edge on sports betting is better than slot machines but not as good as most video poker machines.Ī standard straight bet of $110 to win $100 has a house edge of around 4.5% and generates 20 tier credits (20% of 100). So now I understand that I earn tier credits at 20% of the profitability of my bets with a cap of 2 tier credits per $ wagered.Ĭan anyone verify if this is counted for the tier credit bonuses? Seems like it should according to this: I thought it was based on caesars profit rather than mine. I know that caesars gives tier credits on bets but until recently I completely misunderstood how tier credits were awarded. I do a bit of sports betting, $20 $50 etc here and there and I use a variety of apps, caesars, mgm, betrivers, fanduel draftkings etc.
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