Patty
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I have heard that they do not allow 3 team parlays to get 75% value. What is not the next best play?
Find a game with a large underdog (the larger the better) and use the freeplay on the underdog, hedging the favorite at another book if you want to guarantee the money. For example, find an game with a -1000/+900 line between two sportsbooks and use the freeplay (let's assume it's $100) on the +900 (although the actual price is +800 since you're not getting your freeplay stake returned). Bet $725 at -1000 and use the freeplay on the +900 line - if the favorite wins then you win $72.50 and if the underdog wins then you get $75 overall (-725 on the favorite, +800 on the underdog). If you can find higher priced underdogs and prices with lower vigorish then your return from the freeplay will increase.
Find a game with a large underdog (the larger the better) and use the freeplay on the underdog, hedging the favorite at another book if you want to guarantee the money. For example, find an game with a -1000/+900 line between two sportsbooks and use the freeplay (let's assume it's $100) on the +900 (although the actual price is +800 since you're not getting your freeplay stake returned). Bet $725 at -1000 and use the freeplay on the +900 line - if the favorite wins then you win $72.50 and if the underdog wins then you get $75 overall (-725 on the favorite, +800 on the underdog). If you can find higher priced underdogs and prices with lower vigorish then your return from the freeplay will increase.