At the end of the day, it is a free bet and we don't lose a single cent except the market goes down when we get a refund. For avoiding the market loss, we can bet on the same day when the event occurs and probably the loss will be lower on the last days due to the shorter time frame between event and refund.
Yeah. Regardless of the risks that comes with Eddie's pick, the beauty about it is that it's a risk free bet with guaranteed refunds whenever it goes south. Even if market losses, I don't think its that big of an issue because even if you held unto those assets and don't place bets with it, you would still risk losing to the market dump. I'm talking from my experience because I've benefitting from one of this risk free bet at stake (Adesanya at UFC 263 main event).
Not always because the maximum limit for the refunds of risk-free bets and other promotions is set in dollars (50$ for the risk-free bets of Eddie) so if your bet is above this limit your refund will be capped at the amount of cryptos corresponding to this limit. Then if the market has gone down you will receive more cryptos.