Terms & Conditions

Internet Magazine

Non–US new players
Get five 2+2 books


Order Books
Book Translations
Forum Login
 
 
Expand All   Collapse All

 Two Plus Two 
2+2 Magazine Forum
Special Sklansky Forum
2+2 Pokercast
About the Forums

 General Poker Discussion 
Beginners Questions
Books and Publications
Televised Poker
News, Views, and Gossip
Brick and Mortar
Home Poker
Beats, Brags, and Variance
Poker Theory
Poker Legislation

 Coaching/Training 
StoxPoker
DeucesCracked

 German Forums 
Poker Allgemein
Strategie: Holdem NL cash
Strategie: Sonstige
Internet/Online
BBV
Small Talk
German Poker News

 French Forums 
Forum francophone
Strategie
BBV (French)

 Limit Texas Hold'em 
High Stakes Limit
Medium Stakes Limit
Small Stakes Limit
Micro Stakes Limit
Mid-High Short-handed
Small Stakes Shorthanded
Limit––>NL

 PL/NL Texas Hold'em 
High Stakes
Medium Stakes
Small Stakes
Micro Stakes
Small-High Full Ring
Micro Full Ring

 Tournament Poker 
Small Stakes MTT
High Stakes MTT
MTT Community
STT Strategy
Tournament Circuit

 Other Poker 
Omaha/8
Omaha High
Stud
Heads Up Poker
Other Poker Games

 General Gambling 
Probability
Psychology
Sports Betting
Other Gambling Games
Entertainment Betting

 Internet Gambling 
Internet Gambling
Internet Bonuses
Affiliates/RakeBack
Software

 2+2 Communities 
Other Other Topics
The Lounge: Discussion+Review
El Diablo's General Discussion
BBV4Life

 Other Topics 
Golf
Sporting Events
Politics
Business, Finance, and Investing
Travel
Science, Math, and Philosophy
Health and Fitness
Student Life
Puzzles and Other Games
Video Games
Laughs or Links!
Computer Technical Help
Sponsored Support Forums
RakebackNetwork
RakeReduction.com
Other Links
Books
Authors
Abbreviations
Calendar
Order Books
Books by Others
Favorite Links
Feedback
Advertising Information
Home
Posting Hints
Privacy Notice
Forum Archives

The 2+2 Forums

Before using this Forum, please refer to the Terms and Conditions (Last modified: 2/26/2006)

Be sure to read the   Two Plus Two Internet Magazine

This is an archive. The main forums are here

These forums are read only.


 
UBB.threads™ Groupee, Inc.

General Gambling >> Sports Betting

Pages: 1 | 2 | >> (show all)
Bullitos
addict


Reged: 05/27/06
Posts: 517
Loc: The Netherlands
Easiest way to clear sportsbook bonuses?
      #7450214 - 09/27/06 04:20 PM

Hi,

I am one of those people who got interested in sportsbetting after the mansion action. I've deposited some $$ of my poker bankroll on various sites, with various bonuses, usually up to $250 or something like that. After reading all the recommended sites in this forum FAQ (which is REALLY usefull!), it still isn't clear to me what the best but easiest way to clear bonuses is.

I've read about scalping and tried to look for scalps, but this is really intensive and I feel I need a whole lot more experience to succesfully scalp. So is there another smart way to clear bonuses without losing the bonus profit to the vigorish?

greets


Post Extras: Print Post   Remind Me!   Notify Moderator  
PerformifyModerator
Carpal \'Tunnel


Reged: 08/03/04
Posts: 3847
Loc: Sports Betting forum
Re: Easiest way to clear sportsbook bonuses? [Re: Bullitos]
      #7450442 - 09/27/06 04:34 PM

As recently covered in this thread, here's bonus whoring 101:

So you deposit $500 on BookA and $600 shows in your account. if their rollover requirement is 3x that means you need to give them $600x3 in bets so $1800 must be wagered through your account in at a minimum of three wagers to clear the bonus.

So the first day you bet $600 to win ~$570 on a -105 line on the Jacksonville -3 (for example).

You find a +100 line at BookB for the other side (Washington +3, say) and bet $570 to win $570 there.

If Jacksonville covers, you lose $570 on BookB and win ~$570 on BookA to break even and you've satisfied 570/1800 in bonus requirement. Most books go by the smaller number in your equation of to risk / to win: if you're betting $100 on a 2:1 underdog they'll credit you the amount you risk ($100) not the amount you win ($200), and correspondingly if you bet $200 on a 2:1 favorite they'd count the $100 you win towards the amount of the bonus you'd cleared, not the $200 you'd risked.

If Washington covers - which is what you want in this situation - you win +$70 at BookB and have no rollover requirements for that $70. Bang, free $70, no risk, no strings attached.

That's one effective way to do it. Of course the better lines you can find - ideally you'd want to find a profitable arbitrage situation for example - the more you stand to profit - if you could have found Washington +3 +105 in this case you could have won $100 on BookB so you would get the free $100 there if you lost on BookA (and still satisfy almost 1/3 of your rollover requirement on BookA for free if not).




That's basically it. Finding scalps and arbitrage opportunities to reduce the amount that the vig cuts in to your bonus. Its not simple or easy by any means, it requires constant work and attention to the lines. or you have to get good at predicting line moves (or find people who are and listen to them). For example, you could have secured San Diego -2.5 +109 earlier in the week which could now be arbitraged with Baltimore +2.5 -103 for a decent scalp, etc.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Bullitos
addict


Reged: 05/27/06
Posts: 517
Loc: The Netherlands
Re: Easiest way to clear sportsbook bonuses? [Re: Performify]
      #7450644 - 09/27/06 04:47 PM

Thanks, I finally understand it

Post Extras: Print Post   Remind Me!   Notify Moderator  
BobJoeJim
veteran


Reged: 01/07/06
Posts: 1450
Loc: Ashland, OR
Re: Easiest way to clear sportsbook bonuses? [Re: Performify]
      #7450702 - 09/27/06 04:51 PM

If you want to clear the bonus safely without losing part of it to the juice then scalping is your best option, though you're right that it requires some effort and isn't anywhere near as easy as it sounds. If you just want to come out ahead, and are willing to accept the vig cutting into your bonus, you can do as Performify says, and just look for bets that are "almost" scalps... which are MUCH easier to find.

Post Extras: Print Post   Remind Me!   Notify Moderator  
knicknut
old hand


Reged: 01/19/05
Posts: 945
Loc: Stewie's sexy parties
Re: Easiest way to clear sportsbook bonuses? [Re: BobJoeJim]
      #7450762 - 09/27/06 04:56 PM

Bet it all and let it ride == +EV

If you win, you won! If you lose, you don't need to worry about clearing the WR!

Win/win!

I've never heard of the "we count the base, not the risk" rule. I've always kept track of the risk, and that's always been right for me, AFAIK.


Post Extras: Print Post   Remind Me!   Notify Moderator  
BobJoeJim
veteran


Reged: 01/07/06
Posts: 1450
Loc: Ashland, OR
Re: Easiest way to clear sportsbook bonuses? [Re: knicknut]
      #7451141 - 09/27/06 05:23 PM

Quote:

Bet it all and let it ride == +EV

If you win, you won! If you lose, you don't need to worry about clearing the WR!

Win/win!



Bet it all and let it ride can be +EV (with insanely high variance and ROR) if you get an unusually high percentage of your deposit credited as a bonus, and you get an unusually low rollover requirement. At standard juice, though, you can expect to lose $1 for every $11 you wager, so a "normal" sportsbook bonus, such as 10% with a 5x rollover, is MASSIVELY -EV to clear just straight betting (whether it's 1000 small bets or 5 big bets.)

I'm sure you already know this, but I wanted to clarify for any impressionable newbs who may read your post


Post Extras: Print Post   Remind Me!   Notify Moderator  
scorer
Carpal \'Tunnel


Reged: 01/13/06
Posts: 2530
Re: Easiest way to clear sportsbook bonuses? [Re: BobJoeJim]
      #7451293 - 09/27/06 05:34 PM

scalping/arbs very hard to find and i know from experience a line can change just as your looking to wager. As peformity mentioned, look for lines that are very close to each other and do it that way. Pinnacle is a must have book for this, but they hold all your money for at 30 days.

Post Extras: Print Post   Remind Me!   Notify Moderator  
PerformifyModerator
Carpal \'Tunnel


Reged: 08/03/04
Posts: 3847
Loc: Sports Betting forum
Re: Easiest way to clear sportsbook bonuses? [Re: knicknut]
      #7451421 - 09/27/06 05:45 PM

Quote:


I've never heard of the "we count the base, not the risk" rule. I've always kept track of the risk, and that's always been right for me, AFAIK.




http://www.pinnaclesports.com/faq.asp#Bonus
"For Cash Bonus purposes bets are defined as either the Risk or Win amount, whichever is smaller."

In plain english, if you bet on large favorites on Pinnacle, say the Cowboys moneyline this week at -450, they won't count $450 towards your bonus requirements, only the $100 you win, if you win. Its the lesser of the risk or the reward.


Post Extras: Print Post   Remind Me!   Notify Moderator  
brendanb438
Mo Prop Free Monies


Reged: 01/06/06
Posts: 2636
Loc: Penalty Box at Covers
Re: Easiest way to clear sportsbook bonuses? [Re: Performify]
      #7451461 - 09/27/06 05:48 PM

I think Pinny is one of the few sites that do this. Bodog is always the risk. I have layed -900 before and it has counted for the full amount. Sportsbook and family is also this way. Anyone know how BetWWTS does it?

-Brendan


Post Extras: Print Post   Remind Me!   Notify Moderator  
ActionTodd
member


Reged: 09/05/07
Posts: 123
Re: Easiest way to clear sportsbook bonuses? [Re: Performify]
      #12094483 - 09/15/07 01:58 PM

Quote:



If Washington covers - which is what you want in this situation - you win +$70 at BookB and have no rollover requirements for that $70. Bang, free $70, no risk, no strings attached.






ok...a little brainfart

how did we just win +$70?

I don't see it


Post Extras: Print Post   Remind Me!   Notify Moderator  
Pages: 1 | 2 | >> (show all)



Extra information
0 registered and 3 anonymous users are browsing this forum.

Moderator:  Performify, Mike Haven 

Print Topic

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is disabled
      UBBCode is enabled

Rating:
Topic views: 1635

Rate this topic

Jump to

contact us 2+2 Publishing

Powered by UBB.threads™ 6.5.5


Message Boards and Forums Directory

Pages provided by ConJelCo