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Posted by: HajiShirazu at June 25, 2004, 4:09 pm

Topic: (AK teaches whoring) Forum: Bonus Whores

I will say this-this can be highly profitable if you have a lot of money. I know that AK is probably just looking for referral money but his info is useful.
If you can get a 30% bonus, the house edge on sports bets laying 110 is 4.55%. So if you depo 1 grand and get a 300 bonus, you will lose on average 3900*.0455 = 177.45. So you profit 123.55 on average.
The problem is that you need a lot of money to do this risk free with two books.
For example, start with clearing two 1k 30% bonuses. You start "up" 600 dollars, 2600 between the two.
With just two sports books:
On your first -110 "risk free" bet you will end up with 2481 in one account and 0 in the other. One bet will win 1181, the other will lose 1300. (2k invested) On your second you will have to throw 1300 in the other account. You will then end up with 3662 between the two accounts after the bet. (3.3k invested) You will then have to reload with 1300 dollars to make a 3rd 1300 risk free bet. You will end up with 4843 among the two accounts, having invested 4600 of your total money. You will be able to cash out now ahead 243 no matter what.
I am not sure how this would work with multiple sportsbooks and would have to think about it a little longer.

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