Lets exclude rollover in the conversation. How much are freeplay worth? It is important to note freeplay doesn't work like cash because regardless of you win or loss, you lose the freeplay. So there is a lot of cost associated to winning as you won't get the free play back and you want to transfer this cost as part of the win equation.
At the min it should be worth 45% of the total assuming you get $110 free play and buy $55 to win 50 on each side. That would be $50/110 assuming you can't tie and lose it outright.
Lets assume the free play you can do a parlay with it, 2 team parlay with average odds of -110. $27.5 to win 72.60, with all 4 combo, you will be at $72.5
Your cash value of the freeplay is now 66%
We take it to 3 teams, of 8 combo. $13.75 that is $82.5 (75% of cash value)
4 teams/16 combo, $6.87 that is $84.5 (76.8% cash value)
5 teams/32 combo, $3.43 that is $85.75 (highest point 78% of cash value.)
6 teams/64, 1.71 that is 81.22 (You start losing value at 6 team due to vig)
With a 5 team round parlay with all possible combos spread out evenly that puts your cash value of a freeplay that is unrestricted at 78%. Of course freeplays are not structure evenly, some like BOL would limit you to straight wagers only and limited+value at 125. This 78% can increase if the standard odds is less than -110.
So using freeplay with a 5 team parlay is probably best value. Of course you shouldn't use it in a round robin style as it would be heavily frown upon and might get you restricted. But if you do many 5 team parlays you do have a good chance that 1 hit giving you, your expected value of 78%. In practice I believe 3 team parlay might be the easiest to do. You lose some value but not a lot 3%, and you don't have to do a crazy number of bets.
As a side note, never use your freeplay on heavy negative odds plays like -120, -150, -200. As theses work in the opposite way to how this math works.
At the min it should be worth 45% of the total assuming you get $110 free play and buy $55 to win 50 on each side. That would be $50/110 assuming you can't tie and lose it outright.
Lets assume the free play you can do a parlay with it, 2 team parlay with average odds of -110. $27.5 to win 72.60, with all 4 combo, you will be at $72.5
Your cash value of the freeplay is now 66%
We take it to 3 teams, of 8 combo. $13.75 that is $82.5 (75% of cash value)
4 teams/16 combo, $6.87 that is $84.5 (76.8% cash value)
5 teams/32 combo, $3.43 that is $85.75 (highest point 78% of cash value.)
6 teams/64, 1.71 that is 81.22 (You start losing value at 6 team due to vig)
With a 5 team round parlay with all possible combos spread out evenly that puts your cash value of a freeplay that is unrestricted at 78%. Of course freeplays are not structure evenly, some like BOL would limit you to straight wagers only and limited+value at 125. This 78% can increase if the standard odds is less than -110.
So using freeplay with a 5 team parlay is probably best value. Of course you shouldn't use it in a round robin style as it would be heavily frown upon and might get you restricted. But if you do many 5 team parlays you do have a good chance that 1 hit giving you, your expected value of 78%. In practice I believe 3 team parlay might be the easiest to do. You lose some value but not a lot 3%, and you don't have to do a crazy number of bets.
As a side note, never use your freeplay on heavy negative odds plays like -120, -150, -200. As theses work in the opposite way to how this math works.
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