Another great month for my sports betting side hustle. One new app this month with a generous $500 free bet and $1,000/20x churn deposit bonus. Times two of course with the wife signing up. Had a few excellent arb opportunities, but most of my success has come through high volume on platforms that are paying out the nose to secure high rollers early on in the “honeymoon market” as it’s referred to on the forums.
Sign-up Bonuses: Optimal EV = $2,500, Actual Value = $2,313
Free Bets/Promo Generated: Optimal EV = $6,200, Actual Value = $3,480
Arbs (Including Boosts): Optimal EV = $2,900, Actual Value = $3,636
February net income: $9,429
This month the theme was VIP status. A day after my January update, I received a notice from PointsBet that I was eligible for their Platinum tier. This includes $300 free bets per week, and a 5% deposit match for any deposits. The invitation e-mail alluded to the next tier being diamond status, which immediately made me reevaluate my strategy of exclusively hunting for arbitrage opportunities. A week later I had obtained diamond status by wagering $50,000 in a month, which bumps my deposit bonus up to 10% and includes a personal concierge which can apparently get me tickets to sporting events. Not sure what that entails, but nice to have.
I also made VIP status on TheScore Bet by wagering $20k in a week. I’ve heard on forums that they will offer $10,000 deposit bonuses with a 20x churn, which for my strategy is an absolute gold mine. If this is the case, I could easily surpass $20,000 in profit next month from simply churning through deposit bonuses, with the added benefit of upping my play on other books.
For the life of me I cannot figure out how to get DraftKings VIP status. They are on the receiving end of a lot of my arbs, and I have churned through $30k in a month betting against my main accounts. Unfortunately, when putting through this much volume, you are bound to have one account look like a huge winner, and DraftKings is it. Up $10k on my DK account alone this year, so might be why my requests for VIP invites go unanswered.
My arb play has gone down significantly as I spent most of the month finding opportunities to churn through $40k on TheScore Bet at 5% or less vig. I did hit one huge arb on a NCAAB play where the line of -1300 was posted as +1300. Fortunately the book honored by $100 bet. I also hit a 100% boosted parlay for a nice $1k after betting the first three NCAAB games of the day which happened to total my max marginal win for the promo.
My free bets have been laughably poor despite the huge EV. I am generating over $1,000 a week in free bets, but cannot seem to hit a decent score to save my life. I receive 4 risk-free bets from PointsBet each week totaling $300, which must be bet on in-play games. I am 0/16 on these, and 1/16 on winning the corresponding free bet bonus bet. Hoping that turns around.
Really interested to see what these VIP clubs have in store for me this upcoming month!