New sports bettors tend to be nervous about placing their first bet, since there’s typically no protection on the wager. However, Caesars Maryland is giving new players more insurance on their first bet than any other sports betting app in the state. Rather than back a player’s first bet with up to $1,000 in site credit like some industry competitors, Caesars will offer up to $1,500 in bet insurance.

You can play your first bet in a few different ways. Looking at the Ravens game, you could take Baltimore to win with a $500 wager at +110 odds. If they win the game, you’d earn $550 in cash and get back your initial stake. You could opt instead to put up less money for the chance to earn a nice payout by wagering on a player prop. You could wager $286 on Kenyan Drake to score a touchdown at +295 odds for the same $550 upside. Either way, if your bet loses, you’ll get back your stake as a free bet token to use on another game this week.