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re: What’s the catch with these betting apps?
Posted on 9/12/22 at 11:25 am to hubertcumberdale
Posted on 9/12/22 at 11:25 am to hubertcumberdale
quote:I bet about 500 a year, it is a way to add excitement to games I normally wouldnt care about. I generally go to a zero balance around bowl/playoff season.
If you are a $100 bettor, to win $100 on evenly juiced odds, you must bet $110.
Say you make 300 bets/year
If you hit half of your bets you would make $15,000 but the other half of the losing bets would make you -$16,500. So if you hit 50% of your bets, you are still down -$1,500.
Needless to say, people bet way more than 300 times a year and do not hit 50% of their bets.
0
Posted on 9/12/22 at 12:21 pm to AndyJ
You can't win, if for some reason you do actually win, they will cancel your account, or limit you to 20 bucks a day.
Why waste time?
Why waste time?
Posted on 9/12/22 at 7:56 pm to j1897
Depends on the app. Since sports betting started in November 2020 in Tennessee, I am up $17,000 promo hunting and hedging. Only Bet MGM and Barstool placed limits on my account. Bet MGM only did so after I was putting big money on player prop arbitrage, Barstool was the only app that limited me fairly quickly. Wynn has limited some of the promos it offers me but no bet amount limits.
Draftkings which I have used every promo under the sun keeps offering me incredible custom promos. I got 5 free $100 bets for depositing $2000. I hedged the free bets on Caesars and Wynn for a $350 profit.
There’s about four or five other apps that haven’t limited me but don’t give me any personal promos.
It’s basically a part time side gig for me.
Draftkings which I have used every promo under the sun keeps offering me incredible custom promos. I got 5 free $100 bets for depositing $2000. I hedged the free bets on Caesars and Wynn for a $350 profit.
There’s about four or five other apps that haven’t limited me but don’t give me any personal promos.
It’s basically a part time side gig for me.
Posted on 9/13/22 at 7:07 am to TheWalrus
quote:
Depends on the app. Since sports betting started in November 2020 in Tennessee, I am up $17,000 promo hunting and hedging. Only Bet MGM and Barstool placed limits on my account. Bet MGM only did so after I was putting big money on player prop arbitrage, Barstool was the only app that limited me fairly quickly. Wynn has limited some of the promos it offers me but no bet amount limits.
Draftkings which I have used every promo under the sun keeps offering me incredible custom promos. I got 5 free $100 bets for depositing $2000. I hedged the free bets on Caesars and Wynn for a $350 profit.
There’s about four or five other apps that haven’t limited me but don’t give me any personal promos.
It’s basically a part time side gig for me.
Do you ever play and games straight up or always look to scalp/arb/middle/hedge your bets?
The profit boosts seem like they would make great arb opportunities
This post was edited on 9/13/22 at 7:10 am
Posted on 9/13/22 at 7:11 am to AndyJ
Between my wife and I, we just paid for a trip to Costa Rica with free bet bonus winners and promos like o/u 0.5 total points in Chiefs vs Cardinals.
Posted on 9/17/22 at 12:52 pm to alexandral1
I used to do video poker work.
I watched a guy spend 2500 on a 500 jackpot and he was excited to hit it and told all his buddies.
What he didn't say is he was there all afternoon chasing it.
After seeing that I rarely if ever gamble.
The betting apps are on betting on people like the VP player.
I watched a guy spend 2500 on a 500 jackpot and he was excited to hit it and told all his buddies.
What he didn't say is he was there all afternoon chasing it.
After seeing that I rarely if ever gamble.
The betting apps are on betting on people like the VP player.
Posted on 9/18/22 at 10:45 am to AndyJ
The term you are looking for is "Customer Acquition"
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