How to Make $700 Risk-Free Profit from Sports Betting Using FanDuel and DraftKings

[00:01] how you can make 700 in risk-free profit with just these four bets using the two most popular sports books in the us fanduel and draftkings now these bets that were actually placed by a friend of mine in the us that was following the

[00:16] exact strategy and the opportunity that i will show today i'll explain how i opportunity and why it works mathematically in the second part of the video i'll show you how you can find a set of four similar bets that you can go

[00:30] ahead and place yourselves to make some risk-free attendees so let's get started 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 u.s states very

[00:43] recently and it's still in the process of becoming legalized in a few other states as such many sports books in the united states like fanduel draftkings united states like fanduel draftkings vet rivers caesars that mgm are all

[00:55] trying their best to get as many customers as they can while the competition is not fierce early on the way they have been doing this is by enticing punters in with very very very generous promotional offers and they

[01:09] hope that punters will become addicted to these and start betting continuously with them on their platforms which will mean that they end up just donating a bookmakers in the long run because of these promotional offers this presents a

[01:22] very juicy opportunity for those who are familiar with arbitrage betting which i explained in a previous video of mine over here the one we'll be looking at and taking advantage of today is a very common and profitable one offered by a

[01:34] lot of these sports books and it's namely a risk-free bet up to a thousand dollars for the first bet you place so even if you've already used fanduel and advantage of this opportunity on the other united states sports books you can

[01:48] find the full list of which bookmakers offer this type of promotion and many other special profitable promotions on odds jams sportsbook review and promo codes page more on odds jam later so let's take a look into it bookies are

[02:02] saying these are risk-free bets but in fact they are being sneaky and doing a little bit of false advertising essentially if your first bet loses then you get your money back in bonus bets or bonus money up to the stake you bet

[02:14] capped at one thousand dollars if you bet two hundred dollars in cash and lose you get two hundred dollars in bonus bets if you bet two thousand dollars you only get one thousand dollars back in bonus bets as that is the cap however

[02:26] the difference is bonus bets are not the same as cash itself and you can't withdraw cash in fact you need to use the bonus bet and once it's used your bonus bet is considered used up and even in the case it does win your bonus bet

[02:41] stake is not returned to you unlike when if you place a cash bit and it wins your stake is also returned to you we can see in this example in this example we can see that free bets are a little different than actual cash if the bet

[02:54] you use the free bet on wins then you only get back the winnings and the initial stake which was the free bet is not returned unlike a cash bet in this case if we see the free bet and louis roberts hits a home run they'll get back

[03:08] but lose our eight hundred dollar free bet if we had bet with eight hundred dollars of cash instead would get back two thousand six hundred dollars in winnings along with our initial eight hundred dollars in cash bookies rely on

[03:21] the fact that the average punter doesn't actually know how to use a bonus bet and convert them at the optimal rate which means most of the time hunters only convert a one thousand dollar bonus bet at thirty percent or a one thousand

[03:34] dollar bonus bet turns into on average three hundred dollars in cash that they very misleading and sketchy promotion instead of offering a risk-free bet you're most likely just going to get 300

[03:47] back from a 1 000 bet but there is a way to actually make the most out of it and this involves a way of guaranteeing bonus bets can be converted to cash at a fixed rate of at least 70 percent this wouldn't be possible without a betting

[04:01] odds comparison site like odds jam which is today's video sponsor so here you can see that i am on the odds jam platform which is a site that collects all the most recent odds data from all the major bookies and betting exchanges and then

[04:14] opportunities to better they also have a mobile app which goes hand in hand with the product at the moment their product is very fleshed out for the united states and they cover all the bookmakers in the us so if you live there you will

[04:28] pretty much be guaranteed to make back the cost of your subscription very very quickly as an added bonus you can get 25 off the subscription by one using the link below and two entering the code shane25 to get 25

[04:42] of your first month for this specific strategy we can use the odds jam free bet converter tab to find the good odds we want to find an event filtering for fanduel since that is where the free bet is and is an event that is happening

[04:55] soon and the odds aren't too high let's use this bet for louis robert to score a home run for this bet we can see we'll get a conversion of 71.43 percent you can click on the calculator button on the left to see the

[05:08] bet which will be betting on under zero point for home runs on draftkings in this case we'll use our 800 free bet on fanduel to bet on louis robert to score a home run at plus 350 odds meaning we get thousand eight hundred dollars if we

[05:24] win then for the hedge bet will plays two thousand two hundred and thirty dollars cash on louie robert to not score a home run minus 390 odds this means we get back two thousand eight hundred dollars if it wins making a

[05:37] profit of 570 these outcomes are mutually exclusive meaning only one of these can win as louis robert will either score at least one home run or not so if our hedge bet wins we get 570 profit but lose our 800

[05:53] free bet and if our free bet wins then we get back 2 800 profit but lose 2 230 dollars from the hedge bed so we'll still make a net profit of 570 dollars therefore we have locked in a conversion of our eight hundred dollar free bet

[06:08] into five hundred and seventy dollars which is just over seventy percent so now we know if we do lose the bet we are getting a thousand dollars back in bonus bets which we can convert at the fixed rate of seventy percent therefore turn

[06:20] it into seven hundred dollars in cash we can withdraw but this would still be a loss from one thousand to seven hundred is a loss of three hundred dollars so then it means we'll need to place some amount on the opposite side of this bet

[06:34] to offset the loss that we would make in the case that it does lose once again we can use odds jam to find the right opportunities to make the most of the first risk-free bet on fanduel we'll use the free bet conversion tab again on

[06:47] odds jam to find an opportunity we will filter for fanduel and check it is also an event happening soon with relatively low odds with the sweet spot being around plus 300 for the bet on fanduel we can also exclude certain sportsbooks

[07:00] access to them for example if we only have access to fanduel and draftkings after these considerations we'll go with to maximize our expected value from this promo let's say we pick this one on

[07:14] houston asteroids versus la angel's game now let's see the bets we actually place on the bookies for our risk-free bet instead of maxing out the promo for one thousand dollars let's say we use only eight hundred dollars which means we'll

[07:26] get a 800 free bet back if it loses for this bet we'll place it on the higher odds on fanduel which is under 5.5 runs at plus 260 odds this means if it wins we get 2080 profit in addition to getting our 800 cash stake back the

[07:42] hedge bet is on draftkings which is betting the opposite over 5.5 runs with a stake of 1600 cash meaning if it wins then we get 2 cash meaning if it wins then we get 2 124 back which is a net profit of 524

[07:57] once again these events are mutually exclusive which means only one can win therefore if there are less than 5.5 runs we make two thousand and eighty dollars on fanduel but lose 1 600 on draftkings giving us a net profit of 480

[08:12] dollars if there are more than 5.5 runs we can make 524 on draftkings but lose 800 on fanduel however we'll get an 800 free bet back which we know we can convert at 70 percent in the example on louis roberts home run earlier therefore

[08:28] louis roberts home run earlier therefore turning the 800 free bet into 571 this means we make 524 dollars and lose only 30 of the 800 instead of the entire 800 which is losing just 229 this means our net profit is still

[08:42] this means our net profit is still positive and is equal to 524 minus 229 which is 295 dollars profit therefore we will either make 480 or 295 dollars

[08:54] giving us a very nice arbitrage opportunity regardless of the outcome we can also repeat this strategy for the same risk-free bet promo on draftkings which will make us a similar amount doubling our profit so now we will be

[09:06] making about 700 in total one thing to note is that the order of placing these higher odd ones are the bets you want to place first as these are the ones where you want to be capturing the promotional offer which states it has to be for your

[09:20] first bet so that's how my friend made seven hundred dollars in risk-free profit using fanduel and draftkings and you can get on it too if you're in the united states in a state where sports betting is legal and you can go take a

[09:32] places with the best odds and then give it a big like down below and make sure to subscribe to this channel to not miss out on my other betting and money making tips that i have lined up

[09:45] for you guys as always take care and i'll see you all in the next video