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 BR Site Credit.
Step 1: Hedge the Risk Free Bet on FD using BR
Use the Risk Free Bet Finder for FD and Hedge with BR. The hedge on BR is a mix of Site Credit and cash. BR Site Credit has a minimum odds requirement of -200.
Filter for main lines only:
Min odds -200 for Hedge on BR:
Set the parameters for the Risk Free Bet Finder:
The displayed profit of $665 is from the Risk Free Bet on FD. Additionally, you profit $250 from converting the BR Site Credit. This is not displayed because DarkHorse always assumes the hedge is cash. There are two possible outcomes:
- If FD wins you profit after the first matched bet. You do not get a Site Credit refund on FD and therefore do not have any Site Credit on FD to convert.
- If your hedge on BR wins and you receive a Site Credit refund on FD, you can use that Site Credit to hedge the BS Risk Free Bet.
Step 2: Convert the Risk Free Bet on BS
Use the Risk Free Bet Finder for BS and hedge with BR or FD, depending on the outcome of Step 1. You can hedge with cash on FD, or if the initial Risk Free Bet lost on FD and you have the $1,000 Site Credit refund you can use that to hedge the BS Risk Free Bet.
Filter for main lines only, and set the parameters for the Risk Free Bet Finder:
Step 3: Convert the Site Credit refund from BS. Only required if the BS Risk Free Bet lost.
Use the Site Credit Bet Finder to convert the BS Site Credit.
Filter for main lines only:
Min odds -200 on BS:
Set the parameters for the Site Credit Bet Finder:
Your profit from the BS Risk Free Bet is $700.
Wrap Up
The total profit from all three sign-up offers is ~$1,615.
- FD: $665
- BR: $250
- BS $700
You may have noticed that the profit from the FD Risk Free Bet was lower than the BS Risk Free Bet. This is because the minimum odds restriction of -200 on the BR Site Credit lowered the conversion rate. The total profit can be increased a bit by hedging with cash on BR and not the Site Credit. This avoids the -200 minimum odds requirement for the hedge but requires another set of matched bets to convert the Site Credit. Read our Not Stacking guide for further details.