Bonus arbitrage is a method used to earn money by abusing the bonus many sportsbooks offer new players. Bonus arbitrage is a way to circumvent the betting requirement and allow you to withdraw the money you received as a bonus.
I do not recommend that you use this technique. It is a against the terms of service of the sportsbooks, and you will get banned if they catch you doing this. Any money that you have deposited to your account will be forfeited if they ban you. This techniques is very dishonest and tries to rig the system by playing the different sportsbooks against each other. Please note that several sportsbooks have the same owner and could therefore easily discover what you are doing by cross-referencing their data.
The only reason that I am talking about bonus arbitrage and how it works is that fraudulent individuals are selling this information online. Sometimes at very high prices. I am providing this information for free to make it harder for these scammers to charge for this information.
What do you need
To be able to perform bonus arbitrage you are going to need a decent sized bankroll. Large enough to be able to claim a free bet with a large number of sportsbooks. It is possible to do it with less money but doing so will take a lot more time since you will need to transfer money to and from sportsbooks. You can only use this technique once which each sportsbook.
You will need to locate a number of sportsbooks that offer a free bet. Arbitrage can be done with 2-4-8-18-32-64 sport books. The more sportsbooks you include, the more money you can earn. You can usually earn USD 25-50 for each sportsbook included in the arbitrage.
Make sure that you can withdraw your deposit if you lose your free bet. This is often, but not always possible. The free bet is usually considered a bonus if you win the free bet. If you lose then the money in your account is usually consider your money and can be withdrawn.
Do not try this technique in sportsbooks that do not allow you to withdraw your money if you lose your free bet. If you are not allowed to withdraw your original deposit, then this will not work.
How to do it
Once you have registered with different sportsbooks and claimed your free bet you pair the different sportsbook in a betting bracket. You then place the opposite bet in different sportsbooks using your free bet so that you win in one sportsbook and lose in another. Skillfully choosing the game to bet on should allow you to retain 90% or more of the free bet value. The sports books with the losing bets have served their purpose, and you can withdraw your money from these brokers. In the remaining sportsbooks, you will have winning bets. The winnings are considered a bonus and need to be wagered a certain amount of times before you can withdraw your money. To solve this problem, you repeat the process of placing opposite bets in different sportsbooks until you only have one sportsbook left where you should have a large sum of money you have won and for which you have met the wager requirements so that you can withdraw the money. (always double check this before you try to withdraw your money.
Doesn’t the sports books get what they deserve?
I sometimes get told that you should use this technique because the sportsbooks deserve to get scammed. They rig the game to make sure they win your money. There might be some truth to this if sports betting was a luck game, like a casino. But the truth is that sportsbooks offer a service that allows you to win money by being a skilled punter. The game is not rigged to guarantee that the sportsbook wins money.
Most people do not take the time to learn how to make money betting on sport. But that is not the sports books fault. The sportsbook offers a service where you can make money if you are skilled. They just bank on the fact that most sports bettors aren’t skilled. They offer you a fair chance to win. It is the people who bet without doing their research that deserve to lose. Not the sportsbook that gives you a fair chance to win. Since they offer us a fair chance to win, we should try to win fairly without resorting to this type of schemes.