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Matched Betting
What is the "Matched Betting Value" listed above? This is the amount of profit that you can make from the sign-up offer through a technique called matched betting. In short, it is a mathematical approach to sports betting that guarantees profit by hedging your bets. This allows you to cover all possible outcomes and secure a profit no matter what happens in the game. This is different from gambling because there is no risk of losing. Learn more in our What Is Matched Betting guide.
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Overview
Founded in 2019, BroThrow is a free Peer-to-Peer sports betting platform where bettors compete directly against other bettors instead of against “The House.” Rather than charging fees on every bet you make, BroThrow earns revenue if you choose to subscribe to PRO features. BroThrow provides the marketplace where bettors create, accept, and track bets directly with other ID-verified bettors. BroThrow bettors settle up directly with each other via integrations with popular payment apps like Venmo, PayPal, and Cash App.
Before signing up for BroThrow, there a few things you should know.
- All bets are settled outside of BroThrow through payment apps like Venmo.
- There is a dispute process if you do not get paid, and users who do not settle bets get banned.
- There is no commission.
- To increase your betting limits, there is a subscription fee.
Since payments are settled outside of BroThrow, the biggest challenge is staying organized. The easiest way to do this is to only send/request payments once a day. If you send and request all required payments each morning for the previous day, tracking what you owe/are owed is much easier.
BroThrow Basics
Create an account and use code "DARKHORSE" to get a $10 Second Chance Bet, BroThrow calls it a Free Bet. Once you create an account, you can select your subscription level. Go to Account -> Subscription.
Free
- No Cost
- $50 Daily limit
- Create Groups, add friends
- Bet publicly and privately
Pro
- $25 a month
- All Free features
- $100 starting limit (new users)
- Level up to $500 limit
- Bet Sync auto-tracks line movement
- Filter bets by value
- Full interactive historical data access
- Profile badge
Pro+
- Custom pricing
- All Pro features
- Pick your limit
- Profile Badge
- Requires a one-time refundable deposit
How To Use BroThrow
Watch this quick overview of betting and settling payments on BroThrow.
Balance Sheet
The balance sheet is the best way to track your bets and payments on BroThrow. Your balance sheet is broken down by day. The easiest thing to do is let all of your bets for a day settle, and the following morning send and request any required payments. The balance sheet tracks every bet you have with someone and gives you the net profit/loss. For example, if you had two bets with the same person, the first won $35 and the second lost $20. The balance sheet would reflect that they owe you $10, reducing the required number of transactions and making tracking simpler.
You can quickly:
- See the total number of bets as well as total profit/loss
- See which individual bets won or lost
- Track who you owe a payment to and how much
- Track who owes you and how much
- Request payments
- Send payments
Notice the following:
- Summary of bets for the day.
- How much you stand to win or lose based on pending wagers.
- A losing wager where you owe Joseph D. $67.50.
- Pending wagers with Kaven N.
- $100 in winnings against Bart Y.
Clicking Settle Up shows you the payment providers you have in common with the other bettor and prepopulates the required username and payment amount for easy requests/payments.
Is BroThrow Right For You
BroThrow might be good for you if:
- You are looking for alternate methods to wager because you are limited on most sportsbooks.
- You are looking for a smaller platform that tends to have soft lines.
- You are willing to spend the time sending and requesting payments.
- You want to request your own lines.
BroThrow might not be right for you if:
- You do not want to spend the time requesting and sending payments.
- You do not want to risk a user not paying you.
- You do not want to be restricted to the set bet amounts requested by the other user.
More About Using BroThrow
Before signing up for BroThrow, DarkHorse Odds highly recommends watching their starter videos. They are a good introduction to how the platform works and what they offer.
MLB House Rules
Each sportsbook has its own House Rules which determine how a bet is graded. These rules cover unlikely events, such as what happens to your bet when a game is canceled.
Usually, the different house rules across sportsbooks do not have an impact on matched betting. However, in Major League Baseball (MLB), there are notable exceptions. A simple example is when a game is postponed due to weather. Read our House Rules Comparison guide to learn more.
For MLB it is also important to understand what defines Action.