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If you need some assistance in making the hedge bet, use our free hedge bet calculator that can show you the ideal amount you should bet to guarantee yourself some profit. It’s worth comparing this guaranteed profit to what the book is offering you as a live cashout to see which is a better option. Almost every sportsbook offers promotions for their new customers. These promotions can come in the form of risk-free bets, deposit matches, or free bets, basically allowing you to extend your bankroll after completing the initial deposit. How Does Parlay Betting Work? Know how to identify good parlays and uncover how to read football odds. But, let’s take a look at what would happen if you made each of those bets at -110 individually and rolled your winnings over to the next bet. Parlays promise outsized payouts for those who manage to win them. However, at first glance, it may seem like the payouts are arbitrary and doled out at the discretion of the sportsbook. However, picking the Spurs increased the potential payout on the parlay by more than 24%. This bonus is preferred by many sports bettors because there is no commitment involved in the form of a deposit. Suppose the delaware park casino sports betting parlay cards number of spreads and totals you decided to use added up to eight.