Best Kentucky Sports Betting Promos in 2024: Over $6.9K + 10 Boost Bonuses 2024

Kentucky sportsbook promos

Legal online sportsbooks have arrived in Kentucky. Use our exclusive promo codes to get started with the top betting sites in the Bluegrass State in December 2024:

Kentucky sportsbook promos summary

Top 6 Kentucky sports betting sites

As mentioned, Bluegrass State bettors can expect access to up to 27 of the best legal betting sites and sports betting apps in the nation.

For now, seven sports betting operators are live and offering enticing new-user bonuses in Kentucky. Here are our picks for the top six online sportsbook bonuses in KY in 2024:

1. BetMGM Kentucky welcome offer

$1,500 in Bonus Bets

Bonus bets expire in 7 days. One new customer offer per user. Additional terms apply. 21+. Gambling Problem? Call 1-800-GAMBLER.

CVRBONUS1500

Claim $1,500

Who it's for

Whether you're a casual bettor or a high-stakes player, we highly recommend taking advantage of BetMGM KY's current welcome offer. This promotion shines especially for those able to place the full $1,500 on their first bet. If you win a wager at +100 odds, you'll earn $1,500 in profit, but even if you lose, you'll still receive five bonus bets worth $300 each.

Bonus terms and conditions

Use our exclusive BetMGM bonus code 'CVRBONUS1500' to access this offer.

Make a $10 minimum deposit.

If your first wager results in a loss, BetMGM will refund 100% of your qualifying stake, up to $1,500, in bonus bets.

 For bets over $50, you'll receive five bonus bets, each worth 20% of your initial wager. If you wager $49 or less, you'll receive a single bonus bet equal to your stake.

Bonus bets are valid for seven days after issuance.

 This Covers-verified BetMGM Sportsbook promo expires at 11:59 p.m. ET on Dec. 31, 2024.

Covers BetSmart Rating: ? 4.9/5

Bonuses and promotions	? 4.4/5
Banking and payout speed	? 4.2/5
Key features	? 4.4/5
Security and trust	? 4.6/5
Customer support	? 4.5/5
User experience	? 4.7/5
Betting odds	? 4.3/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

“BetMGM is one of the best sportsbooks and sportsbook apps. The app is miles better than it was a year ago as far as performance goes. It has very competitive odds, a great variety of wagers, and very quick payouts. Deposits and withdrawals are painless, as there is no hassle like you get from other sportsbooks.”

- Randall, Google Play Store user

"BetMGM's bonuses and promotions are good, as they have clear rules, obvious expiration dates, and are easy to apply on a wager. Synchronization with the broader MGM rewards program is seamless and easy to track."

- App Store user

BetMGM at a glance

? Sign-up bonus	$1,500 in bonus bets
? BetMGM bonus code	CVRBONUS1500
? Top feature	Great range of sports
? Minimum deposit	$10
? Payout speed	2 days
App Store rating	4.8/5 ? (226.6K reviews)
Google Play rating	4.3/5 ? (33.2K reviews)
? Available states	AZ, CO, IA, IL, IN, KS, KY, LA, MD, MA, MI, MS, NC, NV, NJ, NY, OH, PA, TN, VA, WV, WY (+ DC, PR)
? Offer expiry	Dec. 31, 2024
? Last verified	Dec. 25, 2024

BetMGM iOS app

What we like

Access to BetMGM Rewards: When you sign up and claim this welcome offer, you’ll automatically be enrolled in both BetMGM Rewards and MGM Rewards. This gives you the opportunity to earn additional perks with every wager you place.

Modest investment: While we recommend wagering a few hundred dollars to maximize the offer’s value, even a small $10 deposit and the bet can earn you a $10 bonus if your first wager loses.

Multiple bonus bets: Though you can’t combine bonus bets, you have the flexibility to spread your bonus across five separate wagers.

What we don't like

Best-suited for High Rollers: A small deposit and wager can still earn you a bonus, but placing just a $10 bet doesn’t provide much upside.

Slower payouts: While some competitors process withdrawals within 24 hours, BetMGM typically takes about two days to complete payouts.

Check out our detailed BetMGM review for more information, including how using our exclusive code 'CVRBONUS1500' can trigger an array of great bonuses.

2. Caesars Kentucky welcome offer

Bet $1, Get 100% Boost on Next 10 Bets

Code: COVERSBONUSDYW

Claim Boosts

Who it's for

This Caesars Sportsbook welcome bonus is ideal for all types of Kentucky bettors. Whether you've been betting for 10 years or 10 minutes, we suggest everyone should claim this offer since you only need to make a $10 investment to score up to $25,000 in bonuses. 

Bonus terms and conditions

Enter our exclusive Caesars Sportsbook promo code 'COVERSBONUSDYW' during sign-up to qualify.

A minimum deposit of $10 is required.

Whether your initial $1 bet wins or loses, Caesars will issue you 10 100% profit boosts once your wager settles. 

The profit boost tokens are single-use, with a maximum wager of $25 per boost. 

All tokens expire 14 days after being issued. Each boost must be wagered once before any winnings can be issued from your account.

This Covers-verified Caesars Sportsbook promo is available until Jan. 27, 2025. 

Covers BetSmart Rating: ? 4.7/5

Bonuses and promotions	? 4.5/5
Banking and payout speed	? 4.8/5
Key features	? 4.7/5
Security and trust	? 4.8/5
Customer support	? 4.7/5
User experience	? 4.7/5
Betting odds	? 4.4/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"Winning bets are paid incredibly quickly, sometimes before the game has even ended. And, one handy tool is being able to see a high-level play-by-play of the game in progress. This saves having to open up another tab in my browser to check the status of the game if I can’t watch it. Like I said, there is a lot to like here."

- Roberto, App Store reviewer

""I had an initial hurdle with signing up and getting age verified. It took longer than my other sportsbooks. Eventually, I had to deal with support. They did a great job, though, and I'm finally able to log in and deposit funds. The app looks great; I like the layout, which is simple and fast."

- Robin, Google Player Store user

Caesars Sportsbook at a glance

? Sign-up bonus	Bet $1, Get 100% Boost on Next 10 Bets
? Caesars promo code	COVERSBONUSDYW
? Top feature	Best customer support
? Minimum deposit	$10
? Minimum wager	$1
? Payout speed	Within 24 hours
App Store rating	4.7/5 ? (77.4K reviews)
Google Play rating	4.4/5 ? (28K reviews)
? Available states	AZ, CO, IL, IN, IA, KS, KY, LA, MA, MD, ME, MI, MS, NC, NJ, NY, NV, OH, PA, TN, VA, WV, WY (+ DC)
? Offer expiry	Jan. 27, 2025
? Last verified	Dec. 25, 2024

Caesars iOS app

What we like

Lucrative bonus: The current Caesars Sportsbook promo stands out as one of the highest-value welcome offers available in Kentucky in 2024. Although the full value of the offer may be difficult to obtain, we appreciate how you can earn up to $2,500 per successful wager using the profit boosts. 

Caesars Rewards: By signing up, you’ll automatically join Caesars Rewards — our best sportsbook rewards program in 2024. You’ll earn points from your qualifying wagers, which can be redeemed for a variety of exclusive perks, including accommodations and entertainment.

An offer for all types of bettors: Whether you're a high roller, casual bettor, or novice, you can claim this bonus with just a $1 initial wager at Caesars Sportsbook Kentucky.

What we don't like

Short promotional window: Though we usually love operators that allow up to 14 days to use their bonus, but, since you get ten bonuses, casual bettors may find this timeline to be tight.

$25 maximum wager: The maximum amount you can wager with each bonus bet is $25, making it hard to come close to earning the offer's potential total value. 

 Our Caesars Sportsbook review offers an in-depth look at the online betting site. Visit our Caesars Sportsbook promo code page to explore additional offers.

3. bet365 Kentucky welcome offer

Bet $5, get $150

Code: COVERS

 Claim $200

$1,000 First Bet Safety Net 

Code: COVERS

 Claim $1,000

Who it's for

We suggest bet365's "Bet and Get" bonus to new or casual Kentucky bettors. After signing up with our exclusive bonus code, depositing $10, and placing a $5 real-money wager, you’ll receive a guaranteed 40x return on your initial bet. Its straightforward terms make it more appealing to most bettors compared to the riskier $1,000 offer.

Bonus terms and conditions

Sign up on the bet365 mobile app using our exclusive bet365 bonus code 'COVERS.'

A minimum deposit of $10 is required to claim either bonus, while a $1,000 deposit and wager are needed to maximize the First Bet Safety Net.

Place a minimum $5 wager on any market with odds of -500 or greater within 30 days of opening your account to qualify.

For the first welcome bonus, bet365 will credit your account with $150 in bonus bets regardless of whether your initial wager wins or loses. If you choose the First Bet Safety Net, you’ll receive 100% of your qualifying stake, up to $1,000, in bonus bets if your first bet loses.

Bonus bets are good for seven days (168 hours) .

This Covers-verified bet365 offer expires at 6:59 a.m. ET on Jan. 7, 2025.

Covers BetSmart Rating: ? 4.7/5

Bonuses and promotions	? 4.7/5
Banking and payout speed	? 4.4/5
Key features	? 4.4/5
Security and trust	? 4.4/5
Customer support	? 4.4/5
User experience	? 4.7/5
Betting odds	? 4.7/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"bet365 is the best, as it has an excellent mobile app. It is my pick for the best-run sportsbook company, period!”

- App Store reviewer

"I have to give credit where it’s due — bet365 and its team have created the best, unique, fastest, and aesthetically pleasing sports betting application. The ball tracking and pitch animation features are excellent. The goal animation is also so much better than every other app out there. Things like this make a difference when you’re tracking a game, and the team you need scores a goal. It’s exciting and immersive, as betting should be. Well done to bet365 for creating the best sports betting app out there. This is the reason why it is my favorite bookmaker."

- MacAulay, App Store user

bet365 at a glance

? Sign-up bonus	Bet $5, get $150 or $1,000 First Bet Safety Net
? bet365 bonus code	COVERS
? Top feature	Best pricing
? Minimum deposit	$10
? Minimum wager	$5
? Payout speed	Within 24 hours
App Store rating	4.8/5 ? (143.7K reviews)
Google Play rating	4.5/5 ? (23.9K reviews)
? Available states	AZ, CO, IA, IN, KY, LA, NC, NJ, OH, PA, VA
? Offer expiry	Jan. 7, 2025
? Last verified	Dec. 25, 2024

bet365 iOS app

What we like

Small deposit required: You only need to deposit $10 to qualify for either of the bet365 welcome offers.

Guaranteed bonus: The '$150 in bonus bets' offer ensures you’ll receive the bonus regardless of your first wager’s outcome as long as you meet the minimum requirements.

No restrictions: There are no limitations on markets or odds for this promotion, giving you the flexibility to explore a wide range of betting options with your bonus funds.

What we don't like

Limited window to use bonus: You only have seven days (168 hours) to use your bonus from either offer, which is shorter than the 14 to 30-day window that many other welcome bonuses provide.

Small bet and get offer: While the 'bet and get' offer is guaranteed, its total value falls short when compared to the higher potential of the "Second Chance Bet" bonus.

Our bet365 review offers a comprehensive look at the platform, including the latest bet365 bonus code available in 2024. 

4. FanDuel Kentucky welcome offer

Bet $5, Get $250 if You Win

New customers only. Deposit min. $5. Place first bet of min $5 and get $250 in bonus bets if your bet wins.

Claim $250

Who it's for

We highly recommend the FanDuel Kentucky welcome bonus to anyone new to this top-tier sportsbook. By signing up through the FanDuel Sportsbook app — one of the best sports betting apps in 2024 — you’ll secure $250 . 

Bonus terms and conditions

Download the FanDuel Sportsbook app to qualify for the promotion.

A minimum deposit of $5 is required.

 Place a $5 wager on any available sports betting market to unlock $250  in bonus bets, if your bet wins, within 72 hours. 

If you win a bet using the $250 in bonus bets, the bonus amount won’t be included in your winnings. For example, wagering the full $250 on a +100 market will net you $200 in cash, not $400.

Bonus funds are valid for seven days (168 hours). Any unused bonus after that time will expire.

 This Covers-verified FanDuel Sportsbook promotion expires at 11:59 p.m. ET on Jan. 5, 2025.

Covers BetSmart Rating: ? 4.8/5

Bonuses and promotions	? 4.8/5
Banking and payout speed	? 4.6/5
Key features	? 4.7/5
Security and trust	? 4.8/5
Customer support	? 4.6/5
User experience	? 4.8/5
Betting odds	? 4.5/5

User reviews  

Editor's note: User reviews may be edited for clarity.

“The UI of the app is incredibly smooth and responsive. The best of any sportsbook app I've used.”

- Andrew, Google Play Store reviewer

"Best sportsbook app in the game. Loads fast as lightning, painless login, and a clean interface."

- Miguel, Google Player Store user

Awards and recognition  

Here are some notable awards FanDuel has taken home since launching its sportsbook in the U.S. in 2018:

• 'Sportsbook Operator of the Year' - SBC Awards North America 2024
• 'Sportsbook Operator of the Year' - SBC Awards North America 2023
• 'Online Sportsbook of the Year' - American Gambling Awards 2023
• 'Online Sportsbook of the Year' - American Gambling Awards 2022

FanDuel at a glance

? Sign-up bonus	Bet $5, Get $250 if You Win
? Top feature	Best user experience
? Minimum deposit	$5
? Minimum wager	$5
? Payout speed	Within 24 hours
App Store rating	4.9/5 ? (1.7M reviews)
Google Play rating	4.7/5 ? (334.6K reviews)
? Available states	AZ, CO, CT, IL, IN, IA, KS, KY, LA, MD, MA, MI, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY (+ DC)
? Offer expiry (USA)	Jan. 5, 2025
? Last verified	Dec. 25, 2024

FanDuel iOS app

What we like

Mobile app: FanDuel’s app is one of the best sportsbook apps in the U.S. in 2024, offering the same great features as its desktop version, including live streaming, early cash-outs, and access to thousands of betting markets.

Clear terms: Claiming FanDuel Kentucky’s latest welcome offer is easy. Simply download the app, deposit $5, and place a winning $5 bet — making it accessible to both beginners and experienced bettors.

Bonus flexibility: You have full control over how to use your bonus with no restrictions on wagering, odds, or markets. You can use the bonus in one go or break it into smaller bets. 

What we don't like

Limited promotional window: We wish you had more than seven days from receipt to use your FanDuel bonus.

Total value: Although receiving $250 is great, we wish the FanDuel promo offered a bit more overall value, similar to what other Kentucky sportsbooks like Fanatics and Caesars provide.

Peruseour FanDuel review for in-depth analysis on one of the best college football betting sites for the 2024-25 College Football Playoffs, which includes the latest bonuses you can reveal via our FanDuel promo code page.

Latest Kentucky betting news

5. Fanatics Sportsbook Kentucky welcome offer

$1,000 in No Sweat Bets

New customers only. Deposit min. $5. Place a min. $1 daily first bet and, if the wager loses, get up to a $100 no sweat bonus bet for 10 consecutive days. Daily bonus issued within 72 hours.

Ends: Dec. 31, 2024

Claim $1,000

Who it's for

This bonus is great for all types of sports bettors willing to place at least one bet per day for 10 consecutive days. Experienced bettors in Kentucky should aim to wager a maximum of $100 daily to fully capitalize on the $1,000 bonus, while casual bettors can benefit by placing daily bets ranging from $1 to $100.

Bonus terms and conditions

No Fanatics Sportsbook promo code is required to activate this welcome bonus.

You must make a minimum deposit of $5 and place a $1 wager on any market with -200 odds or longer.

 To earn up to $100 in bonus bets per day for 10 consecutive days, place a daily wager of at least $1. If the wager settles as a loss, you'll get a bonus equal to your stake, up to $100 a day. Missing a day means forfeiting that day's bonus.

Each bonus expires seven days after being credited to your account.

This Covers-verified Fanatics Sportsbook promo expires at 11:59 p.m. ET on Dec. 31, 2024.

Covers BetSmart Rating: ? 4.6/5

Bonuses and promotions	? 4.0/5
Banking and payout speed	? 3.8/5
Key features	? 3.9/5
Security and trust	? 4.1/5
Customer support	? 4.0/5
User experience	? 4.8/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"I really enjoy everything Fanatics Sportsbook has to offer! I really like how you get Fanatics rewards faster than DraftKings, too! I would highly recommend it."

- Justin M., Google Play reviewer

"I really like the Fanatics Sportsbook and the promos it offers from time to time, especially the jersey credit! It has a lot of choices to bet on — from teams, spreads, totals, play props, and special parlays. I’ve deposited and withdrawn and haven’t had any problems, as it was all pretty quick. I love the fact that you can earn FanCash from making bets and can use its' sportsbook offers to redeem points for sports gear!"

- App Store user

Fanatics Sportsbook at a glance

? Sign-up bonus	$1,000 in No Sweat Bets
? Top feature	NFL live streaming
? Minimum wager	$1
? Payout speed	Within 24 hours
App Store rating	4.8/5 ? (66.9K reviews)
Google Play rating	4.7/5 ? (14.2K reviews)
? Available states	AZ, CO, CT, IA, IL, IN, KS, KY, LA, MA, MD, MI, NC, NJ, NY, OH, PA, TN, VT, VA, WV, WY
? Offer expiry	Dec. 31, 2024
? Last verified	Dec. 25, 2024

Fanatics Sportsbook iOS app

What we like

Daily bonus for 10 days: Fanatics Sportsbook matches your first bet each day with up to $100 in bonus bets if your qualifying wager loses.

FanCash aplenty: You earn FanCash with every wager placed at Fanatics Sportsbook, which can be redeemed for merchandise on their site. We appreciate the additional rewards that enhance the overall value of your betting experience.

A promo approved for all: Whether you place a $1, $15, $50, or $100 wager each day, you’ll receive a corresponding bonus if the wager loses. You can adjust your daily bet amount to suit your preferences, making this promo flexible and tailored to your betting style.

What we don't like

Daily wagering: Finding a suitable bet every day for 10 consecutive days can be challenging. Casual bettors might find it cumbersome to set aside time daily to claim their bonuses.

Difficult to track bonuses: With 10 bonuses, each with different expiration dates, managing and ensuring you meet daily qualifying wagers and use your bonus bets within seven days requires careful tracking.

 Our Fanatics Sportsbook review offers a detailed overview of this up-and-coming sportsbook and its latest welcome offer, which does not require a Fanatics Sportsbook promo code to claim.

6. DraftKings Kentucky welcome offer

Bet $5, Get $150 if You Win

New customers only. Deposit min. $5. Place first bet of min. $5 and get $150 in bonus bets.

Claim $150

Who it's for

We recommend this DraftKings offer to all new sports bettors. Like other "bet and get" promotions, this bonus is dependent on your initial wager, so you'll only receive $150 in bonus bets if your initial $5 wager wins.

Bonus terms and conditions

 No DraftKings promo code is needed to access this offer.

A minimum deposit of $5 and a $5 wager are required.

You'll receive $150 in bonus bets if your first bet wins.

The $150 bonus amount does not count toward any future winnings. For example, if you use a $25 bonus bet on a market with +200 odds and win, you'll get $50 in withdrawable cash, not $75.

Bonus funds are valid for seven days (168 hours) after issuance.

This Covers-verified DraftKings Sportsbook promo expires at 11:59 p.m. ET on Jan. 5, 2025.

You can also access a secondary '20% deposit match up to $1,000' welcome offer from DraftKings Sportsbook, which is valid until Dec. 31, 2024.

Covers BetSmart Rating: ? 4.5/5

Bonuses and promotions	? 4.6/5
Banking and payout speed	? 4.6/5
Key features	? 4.8/5
Security and trust	? 4.9/5
Customer support	? 4.5/5
User experience	? 4.8/5
Betting odds	? 4.4/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"The DraftKings app has a great interface, its payouts are literally lightning-quick, and it has great customer service, which makes it the best sportsbook app."

- Google Play reviewer

“Going out of my way to change from a one star to a five star. It has recently had several major improvements, and is now the best sportsbook out there. It actually takes care of existing customers, listens to feedback, and rewards more than one-time new customers. Great app, great popular bets, and instant bonus bets back. Thanks for listening to feedback DraftKings.”

- Billy, Google Play Store user

DraftKings responsible gaming  

One bonus per new customer. Min. $5 deposit. Min. $5 bet. Get max. $150 issued as non-withdrawable bonus bets that expire in seven days (168 hours). Stake not included with payout. Offer only for eligible subscribers & must be redeemed by 11:59 p.m. on Jan. 5, 2025.

GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY). Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).[1.5%] 21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. Terms: draftkings.com/sportsbook. On behalf of Boot Hill Casino & Resort (KS).

DraftKings at a glance

? Sign-up bonus	Bet $5, Get $150 if You Win
? Top feature	Best for grading winners
? Minimum deposit	$5
? Minimum wager	$5
? Payout speed	Within 24 hours
App Store rating	4.8/5 ? (785.2K reviews)
Google Play rating	4.5/5 ? (163.7K reviews)
? Available states	AZ, CO, CT, IA, IL, IN, KS, KY (18+), LA, MA, MD, ME, MI, NC, NH (18+), NJ, NY, OH, OR, PA, TN, VA, VT, WY (18+), WV
? Offer expiry	Jan. 5, 2025
? Last verified	Dec. 25, 2024

DraftKings iOS app

What we like

Minimal investment: DraftKings’ current offer is highly accessible, requiring only a $5 deposit and a wager to qualify.

Winners rewarded: DraftKings provides a guaranteed $150 in bonus bets if your initial wager is successful.

Bonus structure: We appreciate that DraftKings offers a bonus of six $25 bets. While it may not offer the same flexibility as FanDuel’s current promotion, it allows you to spread your bonus across multiple future wagers.

What we don't like

Low total value: Although the bonus is guaranteed, we’d prefer a larger bonus for new users, similar to the offers from BetMGM, Caesars Sportsbook, and Fanatics Sportsbook in KY.

Seven days to use bonus: With ten bonus bets available, an extended 14-day period to use them would be preferable.

Read our detailed DraftKings review to learn more about the online sportsbook in 2024, and explore the latest DraftKings promo code and available promotions.

Most common Kentucky sign-up bonuses

The three most common sportsbook sign-up bonuses in the U.S. in 2024 are deposit matches, bonus bets, and second chance bets. In Kentucky, new sportsbook users can now claim hundreds of dollars in bonus bets from betting sites like FanDuel, DraftKings, and bet365.

Deposit match

Deposit matches are the most bettor-friendly of all the sign-up bonuses, as they build a bettor’s bankroll before their first bet is placed. There are a couple of iterations of the deposit match bonus:

• A 100% deposit match is typically valued up to a certain amount. For example, a 100% deposit match up to $1,000 means you can make a first deposit of $1,000, receive a $1,000 bonus, and get started with $2,000 in your account. 

• A 50% deposit match follows the same principle. If you make an initial $1,000 deposit, you will receive an additional $500 from the sportsbook and start with a balance of $1,500.  

Deposit match bonuses are a great way to gain additional funds, but ensure you thoroughly read the terms and conditions. Some sportsbooks have strict playthrough requirements, making it either too difficult or too costly for bettors to access the total bonus amount. 

Bonus bets

Bonus bets are typically promoted in two ways — transactional bonus bets and bets tied to second chance bets. 

• Transactional bonus bets occur after you make a qualifying deposit or a first-time wager. For example, you can receive $150 in bonus bets after signing up for an account and making an initial $5 deposit and wager. 

• Bonus bets tied to second chance bets reimburse bettors the stake of their initial wager. For example, if a sportsbook's current welcome offer provides you up to a $1,500 bonus if your first bet loses. This means if you bet $1,500 and lose, the sportsbook will award bonus bets matching your initial $1,500 stake. 

Second chance bet

Second chance bets, also known as first bet insurance, provide you with a safety net as the operator will reimburse all, or a large majority, of your initial stake if your first wager loses. If your wager wins, you will receive your winnings but nothing else from the sportsbook. 

This type of sign-up bonus offer is great for riskier bettors. The known safety net can act as a “get out of jail free” card that you can use if you wish to make your initial wager on a long shot to earn a gigantic potential payout. 

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