Whoring Sportsbook Bonuses

HiddenOuts · #1 10-11-2006, 08:09 AM

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 · #2 10-11-2006, 08:17 AM

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

http://suckout.blogspot.com/2006/09/...k-bonuses.html

HiddenOuts · #3 10-11-2006, 08:25 AM

That's great, thank you Dave!

HiddenOuts · #4 10-11-2006, 08:57 AM

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 · #5 10-11-2006, 09:09 AM

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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?

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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 · #6 10-11-2006, 09:11 AM

[ 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?

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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 · #7 10-11-2006, 09:20 AM

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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.

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

HiddenOuts · #8 10-11-2006, 09:25 AM

[ 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.

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Isn't the vig usually factored into the lines?

AvivaSimplex · #9 10-11-2006, 10:41 AM

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

hogua · #10 10-11-2006, 11:22 AM

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.