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Prophet Exchange Second Chance Bet

Second Chance Bets are one of the most common signup offers that sportsbooks have. Second Chance Bets (and virtually every other signup offer) can be converted into guaranteed profit through a technique called Matched betting.  Matched betting is where you place a promotional bet on a sportsbook and hedge it on Prophet Exchange.  Because this covers both outcomes, one of your bets is guaranteed to win and you will profit no matter what happens.

Combining the best odds around on Prophet Exchange with the tools on darkhorseodds.com, you can maximize profit from Second Chnace Bets and many other offers provided by sportsbooks.  

Let’s walk through an example where you have a $1,000 Second Chance Bet on FanDuel.

It is important to note that converting a Second Chance Bet to profit can be a one or two step process.  If your Second Chance Bet loses you get a refund, and you will need to complete step 2 as outlined below.

Step 1: Use the Second Chance Bet Finder on DarkHorse Odds 

The Second Chance Bet Finder analyzes all of the odds and shows you the best Matched Bets that will maximize your profit.  

You can see in the screenshot below that the best Matched Bet is identified as:

  • Cavaliers money line on FanDuel at +350
  • Trail Blazers money line on Prophet Exchange at -360   
Risk Free Bet NBA
Risk Free Bet NBA

The Trail Blazers and Cavaliers play each other; therefore, one of these two bets will win.  To convert your Second Chance Bet you need to:

  • Place a $1,000 bet with FanDuel on the Cavaliers money line at +350 (Second Chance Bet)
  • Place a $2,948 bet with Prophet Exchange on the Trail Blazers money line at -360 (Hedge Bet)

If the Cavaliers win…

  • You profit $3,500 on FanDuel.
  • You lose $2,948 on Prophet Exchange.
  • Net profit of $552. You’re done. No need to complete step two.

If the Trail Blazers win…

  • You profit $802 on Prophet Exchange.
  • You lose $1,000 on FanDuel, but they give you a $1,000 Bonus Bet from losing the Second Chance Bet.
  • Right now, you are down $198, but you have that $1,000 Bonus Bet. This is where step two comes into play.

Step 2: Use the Bonus Bet Finder on DarkHorse Odds

The Bonus Bet Finder analyzes all of the odds and shows you the best Matched Bets that will maximize your profit.  

You can see in the screenshot below, the best Matched Bet is identified as:

  • Raptors money line on FanDuel at +325
  • Hawks money line on Prophet Exchange at -330
Free Bet Finder
Free Bet Slip NBA

The Raptors and the Hawks play each other; therefore, one of those two bets will win.  To convert your Bonus Bet Refund you need to:

  • Place a $1,000 with FanDuel on the Raptors money line at +325 (Bonus Bet)
  • Place a $2,506 with Prophet Exchange on the Hawks money line at -330 (Hedge Bet)

If the Raptors win…

  • You profit $3,250 from the FanDuel Bonus Bet winnings
  • You lose $2,506 on Prophet Exchange
  • Step 2 Profit is $744
  • Step 1 Loss is $198
  • Final Profit is $546

If the Hawks win…

  • You lose your Bonus Bet FanDuel.  This was a Bonus Bet and you did not lose any cash.
  • You profit $744 on Prophet Exchange
  • Step 2 Profit is $744
  • Step 1 Loss is $198
  • Final Profit is $546

You can see that no matter which bet wins in any of the scenarios above, at the end you walk away with ~$550 profit.

This concept applies to countless promotions offered by the sportsbooks: Bonus Bets, Second Chance Bets, Site Credit, Profit Boosts and many more.  The hard part is finding the best bets and knowing how much to bet.  That’s where the combination of Prophet Exchange and DarkHorse Odds comes into play.  Prophet Exchange offers the best odds in New Jersey allowing the best possible conversions for matched betting.   DarkHorse Odds finds the perfect matched bet for the highest possible conversion.

Learn more about Match Betting with Prophet Exchange in our guides.

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