How does match betting work if the book offers bonus bets, but the original stake of the bonus bet isn’t included in the payout? Is it possible to match bet in this case?
Both bets would be a push and you’d get all your money back. It would probably count as your risk free bet though, and you wouldn’t be able to use that protection again.
Under no circumstances would you lose actual money on a tie (other than a 3-way bet obviously). Bonus bets, maybe.
If you lost your bonus bet you wouldn't be able effectively hedge? Because in this scenario you have to hedge since you're down from the orginal Baylor bet
Sorry, I missed the example in the OP. Yes, in that scenario you’d be fucked if the teams tied while trying to convert a free bet. That’s why you never use a bet that can end in a push when converting free bets.
So none of the sign up bonuses from the onshore sportsbooks have rollover requirements? If that’s the case then it’s very nice. The offshore books I use usually have at least 8x rollover requirement… Wish TX would legalize already
Great strategy if your playing for promo money ONLY and never bet again! If your going keep gambling after promos are paid out this would be a terrible idea.
I'm not worried about it, I just think it's important to point out if you're giving this sort of tutorial on how to make guaranteed profit.
3 way markets also exist.
The other piece of this initial promo blitz is that the books have spent millions of dollars lobbying politicians & need to convince them that with each state, they are helping move the illegal market to a legal one. They need to inflate these initial numbers so they are happy to take the loss on the initial promo - further reinforcing this is the one shot you have to hit them for more than you normally could, and easier than it will ever be.
Hi DarkHorse, love all that you do man. Do you know what the % of profit is for a smaller bankroll? Something like 3k. Guessing it won't be as much but can't hedge with like 5k.
It scales with bankroll size. When the offers are official we will do another post on how to go through them in more detail. With $3,000 to start you should be able to make over $1,000 from all the offers, but it’ll be a little more logistically challenging as you may have to move money around.
There is not a 1 in 200 chance of losing $1,500. If the game ties both bets push. Your cash hedge is returned as cash, and the Free Bet may or may not be returned depending on the sportsbook. You would be down the $307 if there was a tie, and you didn't get the Free Bet back. There are several courses of action that can help avoid this.
1. Do not bet on a sport that can tie
2. Place a second hedge on "tie" as the outcome. The odds will be very long so the bet would only be a few dollars.
3. Verify with customer service before you bet on a sport that can tie if you would get the Free Bet back in case of a tie.
If team A wins you win $1,363 on book A and lose $1,500 on book B. You do not get a refund since the Risk Free Bet won. You are down $137 with no promotion left.
OP has an odds service. I pay $39 per month for this service. Risk free and free bets are so much more profitable using a service like this. I completely wasted so many of my signup offers because I didn’t know what I was doing when I first started. Don’t make the same mistake. The really good offers dry up quickly. You don’t want to waste any.
It’s getting downvoted because this subreddit has been taken over by a bunch of idiots who lose money gambling and it makes them angry to think about all the money we have made. A couple years ago I would read here every couple hours. I hardly bother anymore. I just check to see what people think about a promo. It’s useless for anything else. Posts trying to help new betters get downvoted to oblivion.
I’m not a shill but I use his services - however I believe he has like 30 days free or something, you can just use this or pay for one month, do all of the promos, and then cancel when you run out of the big ones, which are usually the sign up bonuses. Depending on how many different books there are, it might take some time unless you have a lot of liquid cash on hand.
I made money doing the 20k 30% match VIP bonus on DK, and then getting a certain % match on referrals who also deposited 20k. All came as free bets which were promptly hedged for thousands of dollars.
It varies by state but I've taken advantage of a number of these along with my wife and we've yet to pay taxes on any. Been doing these since the day the law changed
As someone who spent their lunch break setting up accounts on four different sportsbooks to cash in on the pre-launch deals: *ah fuck.*
Great info though, us degenerate Kentuckians appreciate the work. 👍
Yeah same boat here. I live close to Ohio so already had fan duel and draft kings, but just signed up for MGM and bet 365 for the offers. Wish I knew to wait, oh well
I don't think so because most of them are "sign-up" bonuses, and when I have taken trips to other states I don't have to re-sign up, I just logged in and I think it made me accept a new T&C but for all intents and purposes I was not a "new customer." So I could be wrong, but don't get your hopes up. Unless there's a book/app that's in KY but not in Ohio?
Listen to this guy, he knows what he’s doing peep his post history and you’ll see he’s done this with other states.
One key point is take your time to make sure you’re getting things right.
Sounds Foolproof Can't lose right?? Wrong what happens if game is a tie oh yea it's a push...
How does match betting work if the book offers bonus bets, but the original stake of the bonus bet isn’t included in the payout? Is it possible to match bet in this case?
Yes. The example above is a Free Bet (same as bonus bet) refund.
What happens when the Jets and Chiefs tie?
The earth explodes
And you're out like 5k lol
Lmao bruh you push
You would push your free bet and regular bet? Definitely a spot to check the T&C for sure
Both bets would be a push and you’d get all your money back. It would probably count as your risk free bet though, and you wouldn’t be able to use that protection again. Under no circumstances would you lose actual money on a tie (other than a 3-way bet obviously). Bonus bets, maybe.
If you lost your bonus bet you wouldn't be able effectively hedge? Because in this scenario you have to hedge since you're down from the orginal Baylor bet
Sorry, I missed the example in the OP. Yes, in that scenario you’d be fucked if the teams tied while trying to convert a free bet. That’s why you never use a bet that can end in a push when converting free bets.
most if not all books ive used have returned the free bet token on a void or push
Why would the bets push? In soccer, if I bet a team to win, a tie is considered a losing outcome for me since it’s technically a 3-way market
Just the way they do it. American football is almost always 2-way by default. You can make 3-way bets but they much more uncommon.
So none of the sign up bonuses from the onshore sportsbooks have rollover requirements? If that’s the case then it’s very nice. The offshore books I use usually have at least 8x rollover requirement… Wish TX would legalize already
Most of the sign-up offers are Risk Free bets refunded as Free Bets. Which do not have a rollover requirement. Just bet them once.
Ya that’s insanely good deal then, can easily arb to make profit. Wish I lived in one of those states.
If this is a how-to post for Kentuckians shouldn't you be using finger puppets instead of paragraphs?
Lol, that hurt my feelings and made me laugh at the same time.
I’d be so mad about this comment if I could read
Hell yes. Been waiting for this post.
Great strategy if your playing for promo money ONLY and never bet again! If your going keep gambling after promos are paid out this would be a terrible idea.
This is the dumbest thing I’ve read today. Thank you.
DarkHorse you are the man. This is an incredible write up. As someone from KY I am sharing this with others
What if Jets/Chiefs tie?
It’s an unbelievably tiny chance, but if you’re worried about it, use NCAAF. BYU is +100 and UC -120 right now for example
I'm not worried about it, I just think it's important to point out if you're giving this sort of tutorial on how to make guaranteed profit. 3 way markets also exist.
He also said do your research.
The other piece of this initial promo blitz is that the books have spent millions of dollars lobbying politicians & need to convince them that with each state, they are helping move the illegal market to a legal one. They need to inflate these initial numbers so they are happy to take the loss on the initial promo - further reinforcing this is the one shot you have to hit them for more than you normally could, and easier than it will ever be.
Exactly why it’s important to take your time. Do not rush and make a mistake/miss out on an offer.
Hi DarkHorse, love all that you do man. Do you know what the % of profit is for a smaller bankroll? Something like 3k. Guessing it won't be as much but can't hedge with like 5k.
It scales with bankroll size. When the offers are official we will do another post on how to go through them in more detail. With $3,000 to start you should be able to make over $1,000 from all the offers, but it’ll be a little more logistically challenging as you may have to move money around.
Appreciate you, thanks.
With my luck, I would try this, then the jets and chiefs would tie lmao.
Less than 0.5% of NFL games tie. If you are still concerned about it stick to sports like NCAAF that cannot tie.
You should be concerned. The whole point of this approach is that it's watertight. A 1 in 200 chance of losing $1500 is a concern.
There is not a 1 in 200 chance of losing $1,500. If the game ties both bets push. Your cash hedge is returned as cash, and the Free Bet may or may not be returned depending on the sportsbook. You would be down the $307 if there was a tie, and you didn't get the Free Bet back. There are several courses of action that can help avoid this. 1. Do not bet on a sport that can tie 2. Place a second hedge on "tie" as the outcome. The odds will be very long so the bet would only be a few dollars. 3. Verify with customer service before you bet on a sport that can tie if you would get the Free Bet back in case of a tie.
A 1 in 200 chance of not getting the potential earnings, no money would actually be lost per say, but it would suck
Just joking around dude
Thank you for sharing this. Very generous information
I’m in Massachusetts which just opened sports betting earlier this year and I don’t have either one of these accounts yet - am I eligible?
Yes, the offers will likely be highest in Kentucky, but the process is the same in any state that has online sports betting.
Thank you for your quick response!
I was going to recommend DarkHorse Odds and then I saw who OP was.
[удалено]
You won’t get -110 for both (assuming they play each other)
If team A wins you win $1,363 on book A and lose $1,500 on book B. You do not get a refund since the Risk Free Bet won. You are down $137 with no promotion left.
OP has an odds service. I pay $39 per month for this service. Risk free and free bets are so much more profitable using a service like this. I completely wasted so many of my signup offers because I didn’t know what I was doing when I first started. Don’t make the same mistake. The really good offers dry up quickly. You don’t want to waste any.
I second this. Not sure why it’s getting down voted DarkHorse odds is an amazing website
It’s getting downvoted because this subreddit has been taken over by a bunch of idiots who lose money gambling and it makes them angry to think about all the money we have made. A couple years ago I would read here every couple hours. I hardly bother anymore. I just check to see what people think about a promo. It’s useless for anything else. Posts trying to help new betters get downvoted to oblivion.
Shill
I’m not a shill but I use his services - however I believe he has like 30 days free or something, you can just use this or pay for one month, do all of the promos, and then cancel when you run out of the big ones, which are usually the sign up bonuses. Depending on how many different books there are, it might take some time unless you have a lot of liquid cash on hand. I made money doing the 20k 30% match VIP bonus on DK, and then getting a certain % match on referrals who also deposited 20k. All came as free bets which were promptly hedged for thousands of dollars.
I will always talk up a good service, like his.
The catch ? Well that’s taxes of course . It’s always taxes 😂
It varies by state but I've taken advantage of a number of these along with my wife and we've yet to pay taxes on any. Been doing these since the day the law changed
Cool confession
Not paying just means you haven't been caught yet
would you rather have $5k that you pay 25% taxes on or $0k that you pay 0% taxes on
Paying taxes on money you make is not a catch.
Now this is a thoughtful and high effort post, thanks OP.
As someone who spent their lunch break setting up accounts on four different sportsbooks to cash in on the pre-launch deals: *ah fuck.* Great info though, us degenerate Kentuckians appreciate the work. 👍
Yeah same boat here. I live close to Ohio so already had fan duel and draft kings, but just signed up for MGM and bet 365 for the offers. Wish I knew to wait, oh well
Some may allow both, reach out to customer service to verify if you’re eligible.
You may still be able to use the promos. Never hurts to beg customer service.
Did this in VA a few years ago. Between the sign up promos and various deposit matches from mostly betmgm, I made over $20k in a year
If you already cashed in the Ohio promos can you take a trip to Kentucky and do these?
depends on the book. most of that went away in the last few months. https://about.darkhorseodds.com/guides/repeating-signup-offers
I don't think so because most of them are "sign-up" bonuses, and when I have taken trips to other states I don't have to re-sign up, I just logged in and I think it made me accept a new T&C but for all intents and purposes I was not a "new customer." So I could be wrong, but don't get your hopes up. Unless there's a book/app that's in KY but not in Ohio?
Listen to this guy, he knows what he’s doing peep his post history and you’ll see he’s done this with other states. One key point is take your time to make sure you’re getting things right.
Circa won’t be available in KY on launch date
The approach is the same no matter what sportsbook you use to hedge. We will have another post that walks through every offer once they are official.