[00:00] While gambling is world-renowned in the United States, sports betting is actually a pretty new thing. In fact, it only became legalized in some US states very recently, and it's still in the process of becoming legalized in a few other states.
[00:12] As such, many sports books in the United States like Banjul, DraftKings, BetRivers, Caesars, BetMGM are all competing for market share, and they're trying their best to get as many customers as they can while the competition is not fierce early on.
[00:25] The way they have been doing this is by enticing punters in with very, very, very generous promotional offers. And they hope that punters will become addicted to these and start betting continuously with them on their platform.
[00:37] Which will mean that they end up just donating a lot of their hard-earned money to the bookmakers in the long run. Because of these promotional offers, this presents a very juicy opportunity for those who are familiar with arbitrage betting.