NFL and NCAA: Caesars Sportsbook Promo Code Bags $1,250

This weekend's ensemble of football presents the Caesars Sportsbook promo code ACTION4FULL, which will get new users $1,250 first-bet insurance.

P.S. this is one of the highest first-bet offers in the industry right now.

What it means is that bettors can place up to $1,250 on their first bet, whether that be on NCAA or NFL football from Friday-Sunday. If it loses, whatever amount they wagered will be refunded to the bettor in free bets.

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

Here are more details on how the offer works.

What Does First-Bet Insurance Mean?

Before I break this down, I’d like to shepherd readers to our guide for different sportsbooks promotional language. While they all sound similar in phrasing, they differ. This guide helps to clarify what each of them mean before deciding to place a wager.

At Caesars Sportsbook, here's exactly how first-bet insurance works using an example from Friday's primetime clash between San Diego State and Boise State.

• Follow this link to sign up and/or enter promo code ACTION4FULL
• Make your first wager, as high as $1,250
• If your first bet wins, you keep the stake and profits
• If it loses, you'll get back whatever amount you lost from that first bet in free bets

So, Caesars has San Diego State set at +215 to defeat Boise. Let's say you deposit and bet $200 on them to win.

• If San Diego State wins, you've now got $430 in your account on a $200 deposit.
• If San Diego State loses however, you'll be replenished with $200 in free bets.

You're probably wondering what free bets are and if you can withdraw them.

How can you use free bets?

Free bets cannot be withdrawn — only used to place a wager. If that wager wins, you'll collect the profits, but not the free bet money you initially used.

So say San Diego State loses and you get $200 back in free bets. You turn around and place it all on TCU moneyline — set at +210 as of Friday morning — to upset Oklahoma on Saturday.

• If TCU wins, you'll have $420 total in your account. You don't keep the $200 free bet, though.
• If TCU loses, you are relegated to the most familiar number in sports betting — $0.

Our suggested rule of thumb is to always use your free bets on plus-money wagers. Over time, you'll net more because you're getting more expected value.

How Can I 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 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.

You can wager on Thursday Night Football if you're not from a state with legal betting, but are traveling to a state with legal betting. Here's everything you need to know if you're traveling and betting.

How Do I Use My First-Bet Insurance?

There's no such thing as a sure-fire bet, but there is a such thing as mitigating risk. If you're looking to bet with good measure, we've got some expert analysis and tips for the weekend.

Here's how you can bet some sneaky plus-money wagers on the laundry list of football on tap:

• Saturday's Utah State-BYU matchup reveals the Cougars as the heavy favorite, but here's why the betting value will be on the total instead.
• Mike Calabrese dissects Tulane-Houston, Ohio-Kent State and Georgia Southern-Coastal Carolina and why these games are the recipe for a +703 parlay.
• Inclement weather means volatile results on the gridiron. Anthony Dabbundo gives the key games Hurricane Ian will impact and some factors to consider.
• Collin Wilson examines why Week 5's menu of NCAA Football features several statistical discrepancies that are imperative to spread betting.