ITH Poker Forum

[poker_Elmo]

I am not much of a sports gambler. However, many sites seem to have deposit bonuses. Depending on the requirements for clearing the bonuses, is there a risk-free way to make money on sports-betting?

For example, let's say you deposited at 5 sites, each that had a 20% bonus where you had to wager 5x that amount first. If you signed up at 6 different sites - you would have $600 in bonuses.

If you placed a $500 wager on one team on one site, and against that team on the other site - it seems like you would make a minimum of $150. Further, if you could find spreads that were off by a 1/2 point or full point - perhaps you could even get lucky and win $650 or $1150 sometimes. Has anyone tried this? Am I missing something?

[sprstoner]

hehe.. i like the way you think.... now im interested.

[Spartan73]

When you get a deposit bonus from a sportsbook the deposit bonus money is tied up and slowly released as you continue to make bets. Check the specific book for their rules about deposit money.

[freekobe]

I am not much of a sports gambler. However, many sites seem to have deposit bonuses. Depending on the requirements for clearing the bonuses, is there a risk-free way to make money on sports-betting?

For example, let's say you deposited at 5 sites, each that had a 20% bonus where you had to wager 5x that amount first. If you signed up at 6 different sites - you would have $600 in bonuses.

If you placed a $500 wager on one team on one site, and against that team on the other site - it seems like you would make a minimum of $150. Further, if you could find spreads that were off by a 1/2 point or full point - perhaps you could even get lucky and win $650 or $1150 sometimes. Has anyone tried this? Am I missing something?

Yeah, you're missing something, and it's in your post.

You need to wager 5x your deposit amount at each site. In order to clear $100 of bonus, you need to wager $2500. Can't do it with one bet. Some of these sites aren't that smart with their bonuses, but they're not that dumb.