RascalRibs

RascalRibs t1_jadeqws wrote

Really depends on the relationship I guess.

We've done joint accounts almost exclusively. We only opened a separate account for her recently when online sportsbetting became legal in our state, since you can't fund two accounts from the same bank account.

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RascalRibs t1_j9v2i2y wrote

Just to keep it simple, we'll look at the BetMGM offer without even considering the risk free bet portion, and just for one user.

You deposit $500 and receive $500. You have $1000 to place a wager.

You place $1000 on a +220 line. The total payout is $3200.

You place a hedge bet of $2286 on the opposite outcome at odds of -250. The total payout is $3200.

So you've bet $500 and $2286, for a total of $2786, and your total payout is $3200. $3200 - 2786 is a profit of $414.

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RascalRibs t1_j9v0pqt wrote

There's no luck involved.

GambetDC had a 57% deposit match up to $1000 in bonus funds. They also did a $250 risk free first bet.

MGM had a 100% $500 deposit match and a $1000 risk free bet.

I'm not going to list out every bet, but you use those offers and bet the opposite side using another book. We used Draftkings, Caesars and Fanduel depending on who had the best line offered for each bet. Was a bit annoying with DC since they have location restrictions for MGM and Gambet, but it was still easy enough to make the bets and then either walk to the next area or take the metro back to VA to place our hedge bets.

Oh, and we also got $200 in free bets on MGM for some reason.

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