Whoring Sportsbook Bonuses

[HiddenOuts]

I'm just getting into whoring casino bonuses, and I was wondering if it's also possible to whore sportsbook bonuses? For example you sign up at sportsbook and get a sign up bonus (and possibly kickback) and then make some neutral or +ev wagers until you have cleared the bonus. Is this possible, and if so is there a good way to do this (with minimized risk). I don't know much about sportsbetting so I would probably have to use some kind of resource or guide to tell me who and what to bet on and how much, etc.
Looking for advice from anyone who does or has done this. I would like to know if it's worth it, and if so how to go about it.
Thanks in advance!

[Dave Coulier]

I bookmarked this just in case someone would need it, so here you go.

http://suckout.blogspot.com/2006/09/how-to-cash-in-on-sportsbook-bonuses.html

[HiddenOuts]

That's great, thank you Dave!

[HiddenOuts]

So is the goal to bust one account or to bet the maximum possible on each wager (assuming it's totally neutral)? How much time on average does it usually take to find two lines that offset eachother perfectly or to an acceptable degree?

[thing85]

[ QUOTE ]
So is the goal to bust one account or to bet the maximum possible on each wager (assuming it's totally neutral)? How much time on average does it usually take to find two lines that offset eachother perfectly or to an acceptable degree?

[/ QUOTE ]

The only goal is to clear the wagering requirement without losing any money on the actual wagering. The more you can bet each time you find 2 sides that offset each other, the quicker you will complete the wagering requirement. If you bust out on one site, redeposit and continue.

There is no average time for when you'll find two lines offset each other. You just have to look around across different events and sportsbooks. This site (www.sbrlines.com) will help you to compare lines across certain sportsbooks.

As a warning, take note of the maximum bet before you place it. If site A has a max. bet of $300 and site B has a max. bet of $600, and you place the $600 bet before checking the limit on site A, you'll be riding a $300 gamble. (This assumes that you don't find another site to offset the rest of the money).

[adios]

[ QUOTE ]
So is the goal to bust one account or to bet the maximum possible on each wager (assuming it's totally neutral)? How much time on average does it usually take to find two lines that offset eachother perfectly or to an acceptable degree?

[/ QUOTE ]

Yeah that's it basically. I think it takes a fair amount of effort to find offsetting lines to minimize the vig lost. As the blog spot article stated it also takes a fair amount of money to do this as you need to put money into action at at least several sports books. You might want to go to the sports betting forum and look at the thread on arb opportunities. If you can find good arb situations that would be a better way to go. Also keep in mind if you're 50-50 then you only lose the vig anyway so you may not need offsetting lines. Just pick the games and realize the lines are set up to be 50-50 for the most part with the books collecting the vig. FWIW whoring sports book bonuses doesn't seem to be that great of a thing and it's low on my list of whoring priorities.

[thing85]

[ QUOTE ]
Also keep in mind if you're 50-50 then you only lose the vig anyway so you may not need offsetting lines.

[/ QUOTE ]

Paying the vig will basically make whoring the sportsbook bonus pointless.

[HiddenOuts]

[ QUOTE ]
[ QUOTE ]
Also keep in mind if you're 50-50 then you only lose the vig anyway so you may not need offsetting lines.

[/ QUOTE ]

Paying the vig will basically make whoring the sportsbook bonus pointless.

[/ QUOTE ]

Isn't the vig usually factored into the lines?

[AvivaSimplex]

If you win 50% of the time you bet standard -110 lines, you come out way behind.

[hogua]

Keep in mind that sports can be very cash intensive, and you need to have back up cash available, aside from what you have in your sports acccounts, at all times.

Let's say you have $5000 for sports. You deposit $2500 at Book A to get a $250 bonus and you do the same at book B. That's $500 for free, and there's nothign wrong with that.

You now have $2750 at each book, but you can't cash either out until you wager a total of $13,750 at each book.

Now, it is time to arb.

You find a great line for this with each book offering a line of +100 on different side of the same event.

You bet $2750 at each book, knowing that you will bust one of the two bonus. Great, but now what?

You now have $5500 in one book and you can't cash any of it out until you wager another $11,000 on that account.

If you don't have back up funds, you can't arb to clear that bonus. You'll have to bet one side and hope you don't lose it all before finishing the WR.

Even if you have another 5500 available, you still could end up with all your cash (5500+5500=11,000) in one book and still have WR before you can cashout.

You've now tied up $11,000 while chasing $500 in bonus money and you still need to wager $4400 before you can cashout.

[Little_Luck]

I do not recommend sportsbook bonus hunting unless or until you have 10k that you don't mind being tied up. Otherwise, it will not be worth the time, effort put in, or the money being tied up all over the place. Trust me, this is not as easy as it looks.

10k is, what I considered, a minimum. 25k is probably closer to being fully funded.

Otherwise, stick to poker bonus whoring, your hourly will be better.

[adios]

[ QUOTE ]
I do not recommend sportsbook bonus hunting unless or until you have 10k that you don't mind being tied up. Otherwise, it will not be worth the time, effort put in, or the money being tied up all over the place. Trust me, this is not as easy as it looks.

10k is, what I considered, a minimum. 25k is probably closer to being fully funded.

Otherwise, stick to poker bonus whoring, your hourly will be better.

[/ QUOTE ]

That's basically what I figured about $25K.

[adios]

[ QUOTE ]
[ QUOTE ]
Also keep in mind if you're 50-50 then you only lose the vig anyway so you may not need offsetting lines.

[/ QUOTE ]

Paying the vig will basically make whoring the sportsbook bonus pointless.

[/ QUOTE ]

Probably so but playing both sides at two different books and paying a vig isn't much better either IMO. If you have any kind of handicapping skills I think just betting at the book is better but could be convinced otherwise.

[WarDekar]

Actually it's thousands of times better than betting only one side for the simple fact you can bet your entire bankroll on it and clear WR much, much faster.

[Thremp]

This thread is like 90% people who have no clue what they're talking about.

www.arbcentral.com (http://www.arbcentral.com) does a pretty good treatment of it.

[Ken_AA]

[ QUOTE ]
This thread is like 90% people who have no clue what they're talking about.

www.arbcentral.com (http://www.arbcentral.com) does a pretty good treatment of it.

[/ QUOTE ]

If your still bothering with 100 dollar casino bonuses you don't have the cash to sportsbook whore. There really is no argument in my mind about that.

Ken

[Thremp]

I count 6 allegedly informative posts that are either 1) misguided 2) just plain wrong


You typically use 1 book as a main book and arb everything against that one book. Check out the sports betting forum and talk to some people who arb.

[CharlieDontSurf]

Your looking to arb...not just bet to opposing lines with juice on both sides....thats idiotic.

and you don't need 10K lol

[Homer]

[ QUOTE ]
So is the goal to bust one account or to bet the maximum possible on each wager (assuming it's totally neutral)?

[/ QUOTE ]

Both. You want to bet the max and get lucky and bust at the bonus book.

[Homer]

[ QUOTE ]
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Also keep in mind if you're 50-50 then you only lose the vig anyway so you may not need offsetting lines.

[/ QUOTE ]

Paying the vig will basically make whoring the sportsbook bonus pointless.

[/ QUOTE ]

Probably so but playing both sides at two different books and paying a vig isn't much better either IMO. If you have any kind of handicapping skills I think just betting at the book is better but could be convinced otherwise.

[/ QUOTE ]

The idea is to bet both sides without paying any vig (or even making money). If Pinnacle has +110/-120 and another book has +120/-130, you bet the -120 at Pinnacle and the +120 at the other book and break even. By doing this, you are clearing a chunk of the bonus money with no risk.

Hogua did a good job of showing why you need more money than you might think to get started. It is very easy to get trapped with all your cash in one book with a remaining rollover requirement.

[adios]

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Also keep in mind if you're 50-50 then you only lose the vig anyway so you may not need offsetting lines.

[/ QUOTE ]

Paying the vig will basically make whoring the sportsbook bonus pointless.

[/ QUOTE ]

Probably so but playing both sides at two different books and paying a vig isn't much better either IMO. If you have any kind of handicapping skills I think just betting at the book is better but could be convinced otherwise.

[/ QUOTE ]

The idea is to bet both sides without paying any vig (or even making money). If Pinnacle has +110/-120 and another book has +120/-130, you bet the -120 at Pinnacle and the +120 at the other book and break even. By doing this, you are clearing a chunk of the bonus money with no risk.

Hogua did a good job of showing why you need more money than you might think to get started. It is very easy to get trapped with all your cash in one book with a remaining rollover requirement.

[/ QUOTE ]

I agree. I mentioned arbing in my original response. Takes a fair amount of effort from what I can tell and my assessment is that it does take a fair amount of cash like you stated. Even so if you're a decent handicapper, making the bets isn't a bad way to go IMO.

[Little_Luck]

arb'ing is different from sportsbook bonus hunting, please make a note of it.

[Matthader]

What BR would you consider sufficient to start whoring sportsbooks?

[adios]

[ QUOTE ]
arb'ing is different from sportsbook bonus hunting, please make a note of it.

[/ QUOTE ]

Theoretically you could combine the two but I agree with your point.

[B00T]

read hogua's post...

figure out what books you want to whore, then figure out the worst case scenario and go from there

[B00T]

For everyone's benefit except those who get a laugh out of it just don't post in this thraed....everything you post in this thread is horrible....

You have no clue what actually takes place as by your own admission of it being "low on your list". So why dont you let people who do it or have done it answer the guy's questions.

[Homer]

[ QUOTE ]
arb'ing is different from sportsbook bonus hunting, please make a note of it.

[/ QUOTE ]

They can be used in conjunction quite easily. That is all people are saying. No one is saying arbitrage = bonus hunting.

[playersare]

[ QUOTE ]
What BR would you consider sufficient to start whoring sportsbooks?

[/ QUOTE ]
any amount is technically okay as long as you're satisfied with the proportional return on your investment. 10K is a good minimum amount where sports bonuses and scalps start to be worth more than poker and casino bonuses, or just leaving the money in a savings account. $25K and up is where you can truly maximize all the good ways to make money in sports.

IOW, if you have $3-5K and you're already pretty good at poker, you probably should just stick with that. sportsbook whoring is a mid to long term investment and you should NOT use any money that would be needed for other gaming activites or personal expenses.

as for how much to put in each book relative to your bankroll, I'd say budget at least a BR of 5x, preferably 10x of what you plan to initially deposit (or reload) at any one particular site (Pinnacle the one exception to max out their initial signup). it's good to have 2-3 buyins idle in neteller when you have to overdraw to complete rollover at a pesky square book. running $2K into $20K at a single place within a week or two is not unheard of.

[Thremp]

[ QUOTE ]
[ QUOTE ]
arb'ing is different from sportsbook bonus hunting, please make a note of it.

[/ QUOTE ]

They can be used in conjunction quite easily. That is all people are saying. No one is saying arbitrage = bonus hunting.

[/ QUOTE ]

But your a [censored] idiot to not do both when they're so readily available.

(This is the pluralistic your)

[hogua]

[ QUOTE ]
What BR would you consider sufficient to start whoring sportsbooks?

[/ QUOTE ]

100K would be a good place to start.

[Matthader]

no need to be a sa....

[Homer]

[ QUOTE ]
[ QUOTE ]
What BR would you consider sufficient to start whoring sportsbooks?

[/ QUOTE ]

100K would be a good place to start.

[/ QUOTE ]

Huh?

[136913691369]

FWIW I started with 15K 4 months ago and twice I've had to get emergency loans from family members to finish off the WR when pinnacle kept losing to the square books. I am now much more comfortable, but scrambling for money like that sucked.

[Little_Luck]

Arb'ing is to sportsbook bonuses as playing correct poker is to poker bonuses.

Getting large arb's (at least pure arbs) aren't readily available when you need to bet more than 1-2k on each side of the event at specific sportsbooks. Pure arb'ing gives more freedom to bet where you want to, bonus hunting forces you to bet a little more where you have to.

[slush fund]

[ QUOTE ]
Arb'ing is to sportsbook bonuses as playing correct poker is to poker bonuses.

Getting large arb's (at least pure arbs) aren't readily available when you need to bet more than 1-2k on each side of the event at specific sportsbooks. Pure arb'ing gives more freedom to bet where you want to, bonus hunting forces you to bet a little more where you have to.

[/ QUOTE ]

but wouldn't you say that finding break even or even slightly losing arbs that kill big chunks of WR or better yet, bust on one bet for bonuses makes for a better hourly rate?

at least thats how i feel, but i'm lazy and i dont like to spend more than 30 minutes scouring lines. its f-ing boring and i don't want to drop the scratch on Don Best or some other line service