MLB Playoffs & NHL: Caesars Sportsbook Promo Code ACTION4FULL Gets $1,250

Tuesday bears a special evening of MLB Playoffs and the start of a brand-new NHL season. You can use the exclusive code ACTION4FULL atCaesars Sportsbook to grab up to $1,250 in first-bet insurance on any event.

In other words, if you lose your bet of up to $1,250, you'll be refunded that amount in free bets.

I've broken down how this works below.

Use ACTION4FULL at checkout or this link if you haven't signed up as of yet.

Breaking Down First-Bet Insurance 

You should accrue more expected value over time with plus-money wagers (+150, +350, etc.). So, you should always look for those with promo codes in-hand.

There are only two scenarios that could come with your first-bet insurance:

• If your first bet wins: you keep the winnings and your deposit.
• If your first bet loses: you’ll get refunded in free bets equal to your wager.

So, suppose you deposit and wage $200.

Here's a play you can consider using it on in tonight's ALDS Game 1 between the Guardians and Yankees:

Jose Ramirez entered the Postseason red-hot, but experienced inconsistencies against Tampa Bay. Despite a dry 0-for-6 showing in Game 2 in the Wildcard, look for Ramirez to bounce back in a favorable matchup against Gerrit Cole in New York Tuesday.

Our MLB analyst, Alex Hinton, suggested this play in his Same Game Parlay for Game 1:

Ramirez also enters Game 1 with good numbers against Cole. He is 6-for-22 (.273) with two home runs and four RBI in his career against Cole. It is very rare that one of the best hitters in the league goes hitless in six at-bats. In a good matchup and likely four to five ABs in Game 1, I expect Ramirez to bounce back and record a hit.

Let's combine this with the notion of Aaron Judge — the probably AL MVP candidate — to get a knock on Tuesday for a parlay.

Pick: Jose Ramirez and Aaron Judge to both record a hit (+107)

• If the parlay hits (Ramirez and Judge both record a hit), you'll win $214 ($200 x 1.07) while keeping the original $200. You have a total of $414.
• If the parlay doesn't hit Ramirez and/or Judge don't record a hit), you'll get $200 back in free bets.

Caesars not in your state? Check out the latest BetMGM bonus code.

Here's How Free Bets Can Play Out

You cannot withdraw your free bets as cash. They essentially work as credits you can bet with to win real cash.

So, suppose one or neither of Ramirez or Judge don't record a hit in Game 1.

*By the time the Yankees-Guardians game is over, the Golden Knights-Kings game will likely have started, so you wouldn't be able to use your free bets on this game Tuesday night. I will use it as an example here just to illustrate how free bets work though.

Say you've got $200 available to wage in free bets heading into Golden Knights-Kings at 10 p.m. ET.

The Golden Knights are starting fresh off their first season missing the playoffs. They've hired Bruce Cassidy behind the bench are destined to better utilize their talented veteran lineup. They face a young Los Angeles team that's trending upward after a valiant trip back to the playoffs in May.

Cassidy and the Golden Knights have a lot more to prove. Our Carol Schram gives some context as to why you should back them:

Coming from the Eastern Conference, Bruce Cassidy brings fresh blood into this rivalry, and that element of surprise could work in the Golden Knights’ favor. The Kings do hold home-ice advantage on Tuesday night, but it was their strong road record that propelled them into the playoffs last season. Quick was better away from Crypto.com Arena, as well.

The oddsmakers aren’t being especially assertive on the line for this game. The two clubs have similar regular-season projections, with PointsBet setting the over-under at 98.5 regular-season points for Vegas and 95.5 for Los Angeles, so the Kings’ edge on Tuesday basically comes down to their home-ice advantage.

As slight underdogs, the Golden Knights will have a golden opportunity to get their redemption tour off to a good start on Tuesday.

Pick: Golden Knights moneyline (+100)

• If the Golden Knights win, you'd win $200 ($200 x 1.00). You would not keep the original $200 in free bets however.
• If the Kings win, you end up with nothing.

Check out these extra tools before placing your bet if you're new to sports betting:

• 12 tips for beginners
• How to read American odds

How to Sign Up for 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 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.