How Can I Use Promotional Bonuses to Make Money in Sports Betting?

Question

What's the strategy for making money with promotional bonuses in sports betting?

Answer 1

To make money using promotional bonuses, you can bet on two opposing outcomes at different companies. For example, if DraftKings offers a $200 bonus for a new account holder who bets $5, you could sign up, place a bet for one team to win, and simultaneously place a bet against that team with another company. This cancels out the risk while still entitling you to the bonus. You can then repeat the process with the bonus money to convert it into cash.

Comments

Hi! Can someone help me? I bet on Sinner winning in Madrid, but he withdrew, I lost or the bet is void?

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All this seems very tempting, but how do you get access to all these bookmakers? (Do you have to be a US or UK-citizen?) And from watching many of your videos, will you not eventually get screwed by losing your account, or your account & money being locked down. Seems like a massive risk, since these bookmakers seems to be above the law in many cases. (Seems abit like the wild west legally).

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On strategy 2 you say take the win and switch account, do you mean 1 bet per account a day or what? Can’t make hundreds of accounts using the same info.

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Great if you're in the USA. But in the UK I can't use American sports books? Is there a way around this? Could I sign up using a VPN?
Thanks Caan