When placing a bet, you will often see the prices given in the form of 1x or 2x the price you would normally pay. What does this mean? Well, if you have $100 to place on the game, the sportsbook will likely give you the option to bet $100 or $200. If you choose the $100 option, it means your $100 will be multiplied by 1x (or 1.00) to yield the $200.00 you need to bet. If you decide to place the bet at $200, your $200 will be multiplied by 2x (or 2.00) to yield the $400.00 you need to bet.
Why Not 3x And 4x?
While there is no hard-and-fast rule when it comes to multiplying betting amounts by factors of 2 or more, it is usually best to stay within close proximity to the original amount for easier math. For example, if you are wagering $100 on a game, stick with the original $100 or $200 and don’t go wild and risk multiplying your bet by 4 or 5 because then you’ll end up having to pay outs significantly higher than you would have had to otherwise. This can lead to serious math problems that make tracking your losses more difficult.
What If I’m Short On Cash?
If you are short on funds, you can use a credit card to make a purchase. Once the purchase is completed, the money will be automatically deposited into your account. In most cases, credit cards will either waive all kinds of fees or will provide you with a certain amount of cash-back. If you’re going to be making multiple purchases on one card, make sure you notify the bank of your intentions. They may ask you to put down a security deposit or they may offer you a cash-back option that you can take advantage of.
Will A $10,000 Deposit Put Me In Good Standing?
Many people are hesitant to open up a sportsbook account with $10,000 or more because they think they’ll be blocked due to the size of the deposit. The good news is that most sportsbooks will not ask for any additional information regarding your initial deposit. In fact, depending on how long it has been since your last transaction, you may already be in good standing. Most banks will allow you to open an account with as little as $1 as long as you meet the other requirements. On top of that, many sportsbooks will waive the $10,000 deposit entirely if you are a new customer.
At the end of the day, the benefits of opening an account with a large deposit significantly outweigh the perceived risks. You’re going to need all the good will you can get if you ever want to squeeze in a few more bets before the season ends. The large deposits also offer insurance against significant loses. In many cases, you can get a cash-back credit if you meet the minimum deposit amount. In situations like this, it’s often worth the risk.