Caesars Sportsbook Massachusetts Promo Code Nets $1,500 for Bruins-Red Wings, Any Saturday Game

After breaking their 10-game win streak, the Bruins look to redeem themselves against the Red Wings. New users can make their pick on this game or any other Saturday event using Caesars Sportsbook Massachusetts promo code ACTION41BET for a first bet of up to $1,500. That means if your first wager on that platform loses, you’ll be refunded in bonus bets equal to whatever you lost (up to $1,500). Again, it can be used on any game on any day.

If you’re betting from any other Caesars state, there’s up to $1,250 available to wager using Caesars Sportsbook promo code ACTION4FULL. Depending on whether you’re in Massachusetts or not will be what bet amount you access for the promotion.

Ohio also has the $1,500 threshold available to use Saturday with code ACTION41BET.

This bet can be used on anything taking place through the day: NBA, NCAA hoops, the PGA TOUR, MLB spring training, UFC, NASCAR and whatever else you might fancy.

If you’re uncertain about what a first bet on the house is at Caesars, we’ll walk you through it below with an example using Bruins-Red Wings. And if you want another sportsbook offer, check out BetMGM bonus code from our partners at the Philadelphia Inquirer.

Caesars Massachusetts Promo Code, Explained.

There’s a couple ways to go about this: The popular way ofd hedging your bets, or betting at plus-money to maximize your expected value.

Hedging is a more grounded approach to betting; a bettor will wage on the opposite side of their original bet when the odds of it winning becomes more realistic.

Expected value is about what you’re accruing over time through profits.

Placing a First Bet on the House

OK, so let’s choose a bet using Bruins-Red Wings on Saturday afternoon.

Boston really needs no introduction with the historic season its having, but for the bet’s sake, the Bruins are the No. 1 ranked team in goals against average, goal differential, penalty kill percentage and save percentage, among other stats.

The Red Wings rank in the bottom third of every major hockey statistic. They lost to Boston 1-5 in their October meeting.

I’ll create a same game parlay by betting the Bruins to cover the puck line and the total to stay under six goals. These parlay odds are set around +212 at Caesars.

If we were to drop $1,000 on this bet using the first bet on the house, this is what we could expect:

• A win would get us $2,120 in total payout.
• A loss would return $1,000 in Caesars bet credits.

Bet Credits & How to Use Them

In the case of the Bruins bet falling through, we now have $1,000 in bet credits to strategize with by splitting them up into incremental bets.

Imagine we take $100 bet credits and place it on the Celtics to win the NBA Finals this year, which is priced at +310.

Here’s an excerpt from our Matt Moore on why he’s suggesting the Celtics:

The Celtics just went to the Finals and have been the best team in the league up until the last two weeks. If we think there’s value on them to secure the No. 1 seed, there has to be value in them to win the title.

When you examine the Eastern Conference, you have to ask which teams have the chance to beat the Celtics. The Bucks have the worst performance in actual Effective Field Goal Percentage vs. Expected eFG% over the past four postseasons, including the season they won the title.

The Cavaliers don’t have the experience as stated above, Philly can’t get past Boston for some reason, and there are no other real threats. You have to be able to beat Boston’s versatility of style, depth, and shooting. No team has that combination.

A $100 wager in bet credits on this futures bet would either bank $310 or net nothing. 

The reason why we suggest always going plus — especially with bet credits, too — is because longer odds return more value.

Here’s a breakdown from our Steve Petrella on why the math says it’s impossible get the advantage over the book by betting the favorite rather than the underdog using bet credit:

Example 1: You’ll win $20 if the $50 bet credit wins. The probability a -250 favorite wins is 71.43%.

The EV, in this case, is 71.43% x $20, which equals $14.28. So over an infinite number of bets, that $50 will be worth just $14.

Example 2: Now let’s bet a +250 underdog with a $50 bet credit.

You’ll win $125 if it wins, and you can expect the bet to win 28.57% of the time.

The EV, in this case, is 28.57% x $125, which equals $35.71. So over an infinite number of bets, that $50 will be worth $35.71.

Signing Up With Caesars

1. Click here and select your state, and input the Caesars promo code ACTION4FULL (or ACTION41BET in Massachusetts).
2. Provide your basic personal information to create an account, including your name, date of birth, address & email address.
3. Make a deposit using your bank account, PayPal or credit/debit cards.
4. Download the Caesars Sportsbook app and login.
5. Wager up to $1,250 on your first bet.

Here’s everything you need to know if you’re traveling and betting.