Situation: You do not have any current sportsbook accounts and the only offers available are:
- BetRivers (BR) $250 Deposit Match in Site Credit
- FanDuel (FD) $1,000 Risk Free Bet
- Barstool (BS) $1,000 Risk Free Bet
This example begins with hedging the FD Risk Free Bet with cash on BR.
Step 1: Hedge the FD Risk Free Bet with cash on BR
Unlike Example 1, we are hedging the FD Risk Free Bet with cash on BR. This removes the -200 minimum odds restriction on BR, giving us a better conversion rate on this Matched Bet.
Filter to main lines only. Not required, only recommended.
This sets Market Type to Moneyline, Spread, and Total.
It also sets Market Segment to Full Game/Match.
Set the parameters for the Risk Free Bet Finder:
You profit $700 from the Risk Free Bet on FD compared to $665 from example 1. However, now you need to convert the BR Site Credit. If your FD Risk Free Bet lost you also need to convert that Site Credit. You can combine these promotions. BR has minimum odds of -200 for Site Credit, FD does not.
Step 2: Convert the BR Site Credit
Filter to main lines only. Not required, only recommended.
This sets Market Type to Moneyline, Spread, and Total.
It also sets Market Segment to Full Game/Match.
Min odds -200 for BS:
Set the parameters for the Site Credit Bet Finder:
Step 3: Convert the Risk Free Bet on BS
Use the Risk Free Bet Finder for BS and hedge with BR or FD. You can hedge with cash on FD, or if the initial Risk Free Bet lost on FD you can use the FD Site Credit refund to hedge the BS Risk Free Bet.
Filter to main lines only. Not required, only recommended.
This sets Market Type to Moneyline, Spread, and Total.
It also sets Market Segment to Full Game/Match.
Set the parameters for the Risk Free Bet Finder:
Step 4: Convert the Site Credit refund from BS (if required)
Use the Site Credit Bet Finder to convert The BS Site Credit.
Filter to main lines only. Not required, only recommended.
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
Your profit from the BS Risk Free Bet is $700. This brings the total profit from all three sign-up offers to ~$1,645.
- FD: $700
- BR: $245
- BS $700
This is slightly higher than example 1 because the FD Risk Free Bet had a higher conversion. This was not hedged with Site Credit, so the hedge bet did not have a minimum odds requirement.