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Caesars Sportsbook Promo Code Nets $1,250 First-Bet Insurance

Caesars Sportsbook Promo Code Nets $1,250 First-Bet Insurance article feature image

Caesars Sportsbook promo code ACTION4FULL unlocks $1,250 first-bet insurance for any new user in states where Caesars operates.

It can be used on any college football or NFL game this weekend.

Enter ACTION4FULL when completing your signup to take advantage, or use this link if you haven’t started your signup flow yet.

Not sure how this all works? We’ll explain what first-bet insurance is below.

What Is First-Bet Insurance?

Sportsbook promotion types all sound the same, but can behave pretty differently. So you should be aware of the nuances with each.

Here’s how first-bet insurance goes at Caesars.

  • Follow this link to sign up or enter ACTION4FULL at checkout
  • Make your first bet, up to $1,250.
  • If the bet wins, you keep the initial bet and the profits
  • If it loses, you’ll get your bet amount back in free bets (you only get the full $1,250 back if you wager that much on the initial bet).

The “catch” is that to claim the full $1,250 value, you must wager that much on your first bet. If you only deposit and bet $100, your first-bet insurance will be $100.

Here’s an easy example:

Let’s say you deposit $100 and bet $100 on Western Kentucky moneyline (+200) against Indiana on Saturday afternoon.

  • If WKU wins: You win $200 and keep the original $100.
  • If Indiana wins: You get a $100 free bet back
  • If that free bet wins: You keep the winnings, but not the $100 free bet.
  • If that free bet loses: You end up with nothing.

That’s why sportsbooks have gotten away from “risk-free” messaging and changed to “first-bet insurance.” There is risk, since you can lose your whole deposit, or some of it.

Now free bet is a bet that can be wagered on anything, and if it wins, it turns into real cash. If it loses, you end up with nothing.

Our example continued, if you lose your first bet and that insurance kicks in.

  • Since WKU lost, you take the $100 free bet and put it on Jaguars moneyline (+150) against the Colts.
  • If the Jags win, you win $150, but don’t keep the $100 free bet
  • If the COlts win, you end up with nothing.

So on a $100 deposit, you’re up $50 ($150 in winnings – $100 deposit) if the Jags free bet wins.

How to Sign Up at Caesars

  1. Click here and select your state, and input the Caesars promo code ACTION4FULL.
  2. Provide your basic personal information to create an account, including your name, date of birth, address & email address.
  3. Make an initial cash deposit using one of the available banking methods, including PayPal and credit/debit cards.
  4. Download the Caesars Sportsbook Mobile app to your iOS or Android device.
  5. Make use of a $1,250 first bet on the house!

How to Use Your First-Bet Insurance

So how should you look to use your Caesars Sportsbook promo code?

You should always use free bets on plus-money wagers. There’s much more expected value in those — we dug deep into the math here.

I understand not everyone wants to bet longshots with their free bets, even if it is the optimal way mathematically.

Here are a bunch of different ways you can try to lock in a profit with the “Full Caesar” offer.

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