Sportsbook/Online Casino bonus play (For Profit, not for Fun)

Finance
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Anyone else doing this? I have a possible angle I’m contemplating going bigger on.

I have accounts at 2 main books, call them A and B.

At A I consistently get 100-200% match of my deposit. As long as I play it enough the remainder is mine to keep.

At B I get paid back 7.5% of my losses if I lose my entire bankroll. (it is slightly higher than this because wagers earn ‘points’ towards $$$ as well).

My thinking is to take 2 thousand, split it up. 50% deposit into A for 100-200% match. Let’s say they only double it. So I’m playing with $2k there off of $1k deposited.

In B I deposit smaller amounts, $300-$500. I get no bonus but am free to withdraw anytime I want.

I make offsetting bets in each book, something like a ML where there is no gap. I’d ideally find something where the odds are not the same. Say a hockey O/U spread 5.5 where A has the Over at Even and B has the under at -110. Or maybe even an O/U where there is a possible push/win.

Bet $300-$500 in each book.

If A Wins I now have $2300 in A, and I’ll be refunded $22.50 in B for my loss in B. Deposit $500 into B and try it again. Eventually when B wins I can clear money from A at ~90% profit.

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I think you’re maybe 10 years late :frowning: (wow time flies).

The transaction difficulty and increased rollover requirements have made this very difficult to achieve. Not sure which book B is, but many that have these types of promotions do things to limit their benefit.

2 Likes
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Yes. I’ve read the posts from some of the people who were able to take advantage of the early days and SMH.

Curse this youth of mine!

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What’s the fine print on the 100 to 200% bonus? How much money do you have to risk before they pay the bonus? 10x? 20x? 50x?

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100% bonus is 20x, 200% bonus is 30x.

But the above is not to play through the bonus, ideally it would be to ‘transfer’ the bonus money to a non-bonus book. Theoretically at some point I could reverse the two books since I’m sure after large cash outs at book B they’d start enticing me to redeposit. Book A loses nothing, in fact they make money off me since my goal is to crap out with them.