A Common Mistake When Stacking Promotions

Situation: You do not have any current sportsbook accounts and the only offers available are:

1. BetRivers (BR) $250 Deposit Match in Site Credit
2. FanDuel (FD) $1,000 Second Chance Bet
3. Barstool (BS) $1,000 Second Chance Bet

In this example, the Second Chance Bets are hedged against each other. At the end of the example, we examine why this is the wrong approach.

Step 1: Hedge the FD Second Chance Bet with the Second Chance Bet on BS

Filter for Main Lines Only

This sets Market Type to Moneyline, Spread, and Total.

It also sets Market Segment to Full Game/Match.

Set the parameters for the Second Chance Bet Finder:

If the BS Bet wins. This is the most likely scenario since this bet is on a heavy favorite, and -375 odds is equal to an implied probability of ~77%

• You profit $693 on BS
• You lose $1,000 cash on FD
• You get a $1,000 Site Credit Refund on FD worth ~$1,000 cash once converted.
• Total profit $693

If the FD bet wins. This is the less likely scenario since +330 is equal to an implied probability of ~23%

• You profit $3,300 on FD
• You lose $2,600 cash on BS
• You get a $1,000 Site Credit Refund on BS worth ~$1,000 cash once converted.
• Total profit $1,700.

By placing Second Chance Bets against each other you are not ensuring all outcomes are equal, and in fact, are more than likely missing out on profit since the hedge bet is most likely to win and that scenario has the lowest total profit.

Step 2: Convert the Site Credit Refund from Step 1

One of the Second Chance Bets loses in Step 1. That will result in a Site Credit refund. Using the Site Credit Bet Finder will convert that refund to ~$1,000 cash.

Step 3: Convert the BR Site Credit

Filter for Main Lines Only

This sets Market Type to Moneyline, Spread, and Total.

It also sets Market Segment to Full Game/Match.

Min odds -200 for Site Credit on BS

Set the parameters for the Site Credit Bet Finder:

Wrap Up

The BR Site Credit conversion is worth ~$245. Then based on staking the Second Chance Bets using the implied probability based on the odds here are the potential outcomes.

Step 1 - Favorite Wins: 77% chance

• BR: $245
• Stacked Second Chance Bets: $693
• Total: $938

Step 1 - Underdog Wins: 23% chance

• BR: $245
• Stacked Second Chance Bets: $1,700
• Total: $1,945