Can I bet on both markets in the same event with the Hollywoodbets sign up bonus?

Short Answer: No, you cannot bet on both markets in the same event with the Hollywoodbets sign up bonus. If you are found doing this, your bonus will be revoked. Hollywoodbets will not be responsible for any losses incurred as a result of the revoked bonus.

This rule is designed to prevent arbitrage and ensure the bonus is used for genuine recreational betting.

1. Prohibited Betting Markets

Hollywoodbets explicitly prohibits using the bonus to cover both sides of an event. The terms specifically name examples of prohibited markets, including Lucky Numbers (High/Low), To Bat First, To Kick-Off First, or any markets related to an event of the sort as deemed by Hollywoodbets in its sole discretion. This means you cannot back one outcome and lay or back the opposing outcome using the bonus funds.

2. Consequences of Breaking the Rule

If Hollywoodbets detects that you have wagered on both markets in the same event, they will revoke your R25 bonus. Additionally, the terms state they will not be responsible for any losses incurred through this action. To keep your bonus active and compliant, you must place straightforward bets on single outcomes that meet the 5/10 (0.5 decimal) minimum odds requirement.