Full Transcript
[00:02] just the video. I'm going to teach you step by step how to start arbitrage betting with just a $500 bankroll and turn that into thousands of dollars with the obvious. If you had a larger bankroll to start, like let's say
[00:16] $10,000, you'd be able to make a lot more money right away arbitrage betting. But that's not the case. You only have $500. So, we need to tame our about the months where we're going to make5 or $10,000 plus dollars. In the
[00:30] growing your bankroll. And that leads me to step one. The easiest way to start growing your bankroll is by taking advantage of new user bonuses and promos book is going to offer you some type of enticing new user promo. Whether that's
[00:43] deposit matches or bonus bets for just signing up. And us profitable sports betterers, we love that because we can take those bonus bets and turn them into real money that help grows our bankroll. So step one A would be finding out which
[00:56] state. And then from there, finding out which books you've never been on before where you still have new user promos to exhaust. Getting super specific here, Sportsbook, that is a great place to start. They offer new users bonus bets
[01:10] that you can actually convert into real money and grow your bankroll like that. you could probably walk away after converting your bonus bets with about $1,200 in total bankroll after that. However, I know that not everybody is
[01:23] of you probably have access to either FanDuel or DraftKings, however. So, with going to show you how to get started with just those two books. And step 1B would be getting a software like OddJam that's going to help you do all of this
[01:36] from promo converting to actually arbitrage betting and more. OddJam is when arbitrage betting. Trying to do this manually would be impossible. With sign up for OddJam, I'll leave a link down in the description below. But if
[01:50] you use my code, Dustin35, you will get a 7-day free trial and 35% off your very OddJam and you're ready to convert your promos on DraftKings and or FanDuel. left side of your screen and click promo converter. That's going to bring up the
[02:05] to use now. On the left side of your screen here, you're going to see new user promos that are available on books in your state. But for this example, DraftKings and their new user promo where you can actually bet just $5 and
[02:18] get $150 worth of bonus bets. Little side note here, but a lot of these books change their deposit matches and promos seasonally or monthly. So, it could video. So, I am going to walk you through converting your DraftKings bonus
[02:31] bet. But there's a reason why we're targeting the Fanatics, the FanDuels, or DraftKings this early. And that's because we have a small bankroll, and it takes just a small bankroll to actually exhaust these new user promos on these
[02:44] sports books that have large promo offers for later on when you have a take advantage of those offers. Those sports books being the Bet MGMs or ESPN we're starting with FanDuel and DraftKings is because they have fast
[02:59] money when we're rebalancing our books when arbitrage betting. All right. Now, let's convert that $150 bonus bet we're getting from DraftKings. Remember, you have to place any $5 wager on DraftKings to get your $150 bonus bet. So, do
[03:12] I'm not really worried about that. So, now that we have our $150 bonus bet from DraftKings, let's go ahead and entered into the promo converter and see how we Of course, we're going to start with the sports book and we're going to be using
[03:25] DraftKings. So, we will enter in DraftKings here. The promo type that we are getting from this sports book is a bonus bet. So, we will select bonus bet. And we know that we are getting a $150 bonus bet to take advantage of. So,
[03:38] we'll type in $150 here in the bet amount and then click convert promo. And can actually hedge between DraftKings and FanDuel to turn our bonus bets into real cash. Now, I did adjust the filters to show only FanDuel and DraftKings as
[03:51] books to put against each other because we're starting out on those two books books that you might be able to hedge against with DraftKings, then you could here. Now, it's up to us to find a bet off this tool where we can take our $500
[04:05] bankroll and convert the most real money from that $150 bonus bet off DraftKings. promo converter right here actually requires to have over $500 in our bankroll in order to convert this promo. But if we scroll down just a little bit,
[04:19] we find this one here where we only need $480 in order to convert this promo and get $111 to $115 in real money, which is about a 75% return. So, how does this hedging our bets between FanDuel and DraftKings. So, it's going to require
[04:34] this case, you're going to need to deposit $330 in order to complete this hedge and get your real money from your DraftKings bonus. Now, don't forget if going to get a new user promo over there as well. Treat that separate and just
[04:49] repeat this process that we're doing for DraftKings with FanDuel after you specific with FanDuel and DraftKings, but you can do this with any sports books you might have access to. It's going to be the same process, just
[05:01] exactly how we're going to hedge between DraftKings and FanDuel to convert our bonus bet. Right now, you see, we're going to take the over of the Brooklyn Nets team total at 108.5 on DraftKings at plus 297 odds for our $150 bonus bet.
[05:16] Then, we're also going to take the Nets under 108 12 team total at minus 295 on FanDuel for $330. Now, no matter what happens, we are going to convert our happens, we are going to convert our promo into at least $111 to $115. If our
[05:31] bonus bet on DraftKings wins, we're going to win $446. And if we minus what we bet on FanDuel, which was $330, we're going to walk away converting this bonus $116. However, if the opposite happens and we lose our bonus bet on DraftKings,
[05:45] but win on FanDuel, we're going to walk away converting that bonus to $112. So, one new user promo being DraftKings, we've turned our $500 bankroll to $612 at minimum. And now, like I said, if you have FanDuel promos to convert, go ahead
[05:59] did. or if you have any other books that you have started with in this arbitrage those now. So, let's say you were able to convert about three different new user promos and now your starting bankroll before you even get arbitrage
[06:12] betting is about $1,200. And now you're ready for step two, actually starting to you even place your first arbitrage bet, your books. If you have $1,200 in three books, I would maybe suggest putting
[06:25] about $400 in each book so evenly. However, as you get more into arbitrage betting, you'll notice some trends of which books actually have more volume of arbitrage bets. And then you can start keeping more of your bankroll in those
[06:37] to be constantly moving money around with arbitrage betting and making tons of bets, you need to check out Edge Boost. Edge Boost is actually the first ever cashback debit card for sports betting. Any dollar you deposit and bet,
[06:49] you're paid cash back on. Some people are making hundreds to thousands of this card to bet. This is an absolute no-brainer. So, I will leave a link down want to check it out. So, right now you have limited sports books and limited
[07:03] every single day should be exhausting your bankroll across those different sports books, securing as much risk-free profit as you can. Pro tip, if there is say baseball games, and you're able to get off a few arbitrage bets throughout
[07:16] the day that are going to cash and be settled in your accounts before the actually recycle your bankroll and get slate. Now, with limited books and depending on the time of day, you might
[07:28] not see a ton of volume of arbitrage opportunities. However, there is going able to take advantage of, the more time you can spend on the arbitrage tool. actually catch and get in. In the very beginning, whether you're getting in
[07:41] pre-match arbs or live ARB opportunities, all practice is good practice in learning how to use the tools is great. But, pro tip, the faster you move to live arbitrage betting, the better. And that's because unfortunately
[07:54] to get limited if you're doing a profitable betting strategy. Whether that's arbitrage betting or plus EV betting, limits will come. However, with live arbitrage betting, it allows you to fly under the radar a little bit like a
[08:06] DGEN sports better. And just it's harder overall for them to keep up with live profitable. And eventually when those limits do come, you will typically see that limits are still higher with live bets than they are pregame bets. The
[08:19] most ideal time to live arbitrage bet is between 700 p.m. and 11:00 p.m. Eastern time when NBA games are going off like crazy and you have a ton of other sports like baseball as well. On the arbitrage tool, you can adjust your filters to
[08:32] In this case, we have FanDuel and DraftKings. So, I'm filtering ARBs which you can see here, we have two live arbitrage opportunities between these you can also mess with, but right here,
[08:46] can actually adjust our maximum recommended bet size to whatever we'd like. If we want to take this down from 100 to 50, we could do that. But since we have split our sports books evenly, we should have more than $100 in each
[08:59] of course, the more money you can get down on an ARB, the more money you're let's actually walk through an example of an arbitrage bet we would be taking. FanDuel and DraftKings. We see all the
[09:12] percent arbitrage opportunity this is almost a 5% R. Here it's going to tell betting the market we're going to be betting the bet and books we're going to size and then here it will tell you the risk-free profit you will secure if you
[09:28] telling us to take both sides of the money line of this Euro League basketball game. We're going to be taking Bayon Munich minus 215 on DraftKings at $100. Then we're also going to take Tel Aviv at plus $270 on
[09:42] FanDuel for $40. No matter what happens, no matter who wins, we are going to profit $6 to $8 on this arbitrage opportunity. Finding multiple bets just will have you well on the way to making $50 to $100 in risk-free profit each
[09:57] day. Arbitrage betting. And when you're starting out with a small bankroll, that about limits and scaling. If you did start out with Fanatic Sports Books, as starting to see limits within one to two weeks. But that's okay. Exhaust them for
[10:11] and start putting it into your other sports books. And now, naturally, growing your bankroll. You've maybe reached $2,000 in total bankroll. It's the sports books you have available, you might want to think about adding BetMG
[10:25] or ESPN Bet at this point where you can actually take advantage and convert now, from here on, I would continue arbitrage betting. and ideally live arbitrage betting and adding a new sports book for every $1,000 you add to
[10:38] can start getting sports betting exchanges and sweep stakes apps to start getting down more pregame volume. Those being Onyx Odds, Fliff, Rebet, Profitex, and Novig. You can actually sign up for all of those using OddsJam's code, which
[10:53] is OddsJam, and you'll get your new user promos there. Now, for step number five, you're now off and running with likely a bankroll of $5 to $10,000. You're just growing your bankroll. Now, that's going to be it for this video. Hopefully, you
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