Yes that is correct.
But it is not about the amount of the free bet as they are just that, free bets. But the challenge!
We want those who putting in their bets to want to win (which would be worth more than just 1mbtc) and not just be putting in a bet just because there is a freebet involved.
There are too many of those on the forum as it is and you can see those in the games and rounds section where the spam belongs.
Once again, remember this is a dry run to see how it goes in terms of participation by the community.
If there is marginal interest, then sportsbet and steve will continue with other competitions from different events and leagues.
Eventually if it goes well, then they will undoubtedly raise the prize amounts.
Don't worry about that.

The first match begins in 3.5 hours from now with the buffalo bills a heavy favorite to win it all.
Good luck to those who put in there betslips.