how to hedge pointsbet 1500 promo with two people

Hi, I don't exactly understand how the $1500 insured pointsbet intro offer works, and I'm looking for advice on how to play both sides by betting with my friend. Can I get some help? 

Its a free bet refund if your bet loses, but that free bet you have to win in order to get the funds back. So say you bet 1500 on Duke today and they do not cover, well they give you a free bet for up to 1500. With that free bet you have to bet and win, it is not cash that you can take out, it is a bet you have to win on and then after the vig you win what is left over.

I dont see how you can go in with someone and bet both sides because you still have to win the free bet on the second persons account to recover the lost wager.

Thanks, dude. That's what I needed to hear. 

The Can't-Lose Betting Strategy That's Taking the Gamble Out of Sports Gambling.

Bloomberg.com/businessweek/feature/3-30-22

You might like this article as it pertains to hedging promo offers.

"Ceasars, Draftkings, Fan Duel and others have been handing out untold millions in sign-up bonuses. Coupon-clipping types are playing them against each other to make risk-free bets."

"Using a matched betting system harvesting intro bonuses and free bets from online sports books. Use a promo offer to bet on one team to win a game, and then hedge the bet by wagering a mathematically precise amount of cash on the other team. Generating a predictable risk-free profit, no matter which team won."

It's definitely do-able to win hedging bonuses, you just need to understand exactly how they work and the conditions. Just be careful about things like rollover because if you lose your bet with $ and win with bonus funds, you may not be able to withdraw until you play through more.

@mctrap

 Appreciate the link, and the informative read....