Caesars Sportsbook Promo Code Ohio Offers $1,500 in OH, $1,250 in Other States
Caesars OH Super Bowl, 02/12/2023
The Super Bowl is just a few hours away and Caesars Sportsbook promo code in Ohio ACTION41BET will grant new users in the Buckeye State a $1,500 first bet on the house.
If you’re in all other states, you can use Caesars Sportsbook promo code ACTION4FULL for the same offer, but up to $1,250 on the house.
|Caesars Promo Code||State||Bet Amount|
|ACTION4FULL||All Caesars States||$1,250|
We’ll provide more detailed examples below, but the first bet works like this — if your initial wager on the platform loses, you’ll be refunded in bet credits equal to what you lost.
You’ll then use the bet credits and try to turn them into cash by winning those bets.
Still confused? Let’s dive in.
How to Sign up With Caesars
You must be 21+ years old to bet and located in a state where Caesars is active. You don’t have to actually live in that state, but you must be present inside state lines when you place your first bet. You actually don’t have to be in the state to sign up or deposit.
Here are the steps to get started:
- Click here and enter Caesars promo code ACTION41BET in Ohio or ACTION4FULL most other staets.
- Input all your (real) info, including your name, date of birth, address & email address. Sportsbooks verify your identity using the last four digits of your SSN and if they can’t, you won’t be able to deposit.
- Make a deposit using your bank account, PayPal or credit/debit cards.
- Bet up to $1,500 on your first bet.
Caesars Sportsbook Promo Code, Explained
OK, first you’ll need to make a first bet at Caesars.
Let’s say I take my entire $300 deposit and put it on the Chiefs +100. If the Chiefs win, I’ll profit $300 and keep my $300. If the Chiefs lose, I’ll get back $300 in bonus bets.
That’s actually not what you should do, according to the math. The higher the line, the more expected value you see. Expected value means the margin between the real odds of something happening and the odds posted by the sportsbook.
We like to use the coin toss analogy: The fair odds of a coin toss are 50/50 or +100. Say you have +120 odds on heads — the EV would be (120-100) * .5. That’s $10 expected winnings on a $100 bet, or 10% EV.
So, 100 of these 10% EV bets would bank $1,000 on those 100 bets.
So you do want to bet at plus-money for these first-bet offers and with your bet credits.
Using Bet Credits
If the Chiefs don’t win, we’ll get $300 back in bonus bets/bet credits. You won’t actually be able to use them for the Super Bowl since your first wager was on the Chiefs, but we’ll just use this as an example.
Say you used $50 in bet creidts on Jerrick McKinnon to have 50+ receiving yards at +400. If McKinnon hits that total, you’ll win $200 ($50 x 4.0) but you don’t keep the credit. If McKinnon doesn’t hit that total, you just lose the credit. Brandon Anderson on why he likes this prop:
Chiefs running backs ranked second in the NFL with 826 receiving yards, and the Eagles’ terrific pass defense has been vulnerable to opposing RBs, just 24th in DVOA against them. McKinnon has not been a good runner, but he’s become a real threat in the passing game, second on the team in TDs, and especially good as a pass blocker.
If Philadelphia’s pressure is bothering the Chiefs, that could lead to more McKinnon snaps. He played 65% of the snaps against the Jaguars, the best pass rush K.C. has faced. Screen passes are also a very effective weapon against a great pass rush, and the Chiefs are great at them.
This feels like a McKinnon game. He’s had five games this year with at least five catches and 40 yards, all in close games against tough defenses. I’d rather play this alternate over and sprinkle 50+ at +410 than go with his traditional line of 20.5 to make it worth our while in case he just doesn’t get on the field, especially since Clyde Edwards-Helaire is expected back.
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