How to make $700 risk free profit from sports betting (using Fanduel and Draftkings)

👋🏻 Hey guys! In today's video, I explain how you can make $700 of risk free profit using 2 US sportsbooks - Fanduel and Draftkings. This uses the concept of arbitrage sports betting (sportsbetting) and takes advantage of the customer first $1000 risk free bet offered on many sportsbooks including Fanduel Sportsbook, Draftkings Sportsbook, Caesars, BetMGM and BetRivers.
I go over how to hedge the risk free bet and the bonus bet with another sportsbook and how to use OddsJam odds comparison software to find the best opportunities to place these bets on. You are able to use this promotion to make $350 on each sportsbook offer so if you use it on Fanduel and Draftkings, then you can make approximately $700 USD in total!
Hope you guys can find it insightful but please do more research first on arbitrage/ positive EV betting and make sure you understand the maths before betting any of your actual money.

🏆 🏆 For those looking to learn more about risk free arbitrage betting/ positive EV betting in the United States and take advantage of these offers on Fanduel and Draftkings, I would recommend using a odds comparison tool that I mentioned in the video- OddsJam: OddsJam is specifically customised for US based sports bettors. To get 25% off your first month for OddsJam:
2. Use the code: SHANE25 for 25% off your 1st month.

If you enjoy this video and want to see more about arbitrage sports betting, money or university life, please leave a comment down below saying what you would like to see next and any new video ideas are always appreciated!

🙋🏻 Who am I?
My name is Shane and I am an Australian Engineering and Commerce graduate from The University of Sydney and will be becoming a full time quantitative trader soon. This channel is dedicated to mathematics, arbitrage sports betting, and personal finance. I hope you can find this useful! Enjoy!

⚠️ DISCLAIMER: Shane Huang receives cash compensation from OddsJam and for sponsored advertising materials. Shane Huang receives affiliate commissions from partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This video is not gambling/ investment advice - while the strategies and math I teach and the tools recommended will provide an advantage, there is still user error and luck involved when it comes to betting which can lead to losses.
These videos are for educational purposes only and I am not guaranteeing any gains or losses from using the betting methods I talk about.

[kolmogorovaxiom]

This could be a profit opportunity under the right conditions, but a few potential problems here:
1. Make sure to check all of the terms and conditions before claiming a sportbook’s promotion. These often contain important stipulations such as how long you have to use your free beta, or in some cases, playthrough requirements that will take away all of your expected profit plus more.
2. Winnings from sports betting is considered taxable income, and sports books will send a form to both you and the IRS if you have a net win of at least $600 for the year. If you do not itemize deductions on your tax return, then you cannot deduct losses from other sportsbooks. This can easily take away all of your profits plus more. For example, if you win $2500 from DraftKings and lose $2000 to FanDuel, then you may have to pay tax on $2500.

[stwjlop]

So glad to see you back with another video! As usual, hope you’re always happy and well Shane! 😄

[_Berserker__]

Thank you for all this information. I was a little confused because I had forgot in your example, DraftKings includes the stake in the payout while fanduel does not. And I also was a little confused because when I ran $800 at 70% on oddsjam I got 560, not 571. But I really am grateful you showed that the best odds for a risk free bet is ALSO at the free bet conversion. It was what I had thought to be true, but was told to look at low hold odds but it didn't seem like the return on it was as good as it could be. And instead of looking around trying to find long odds that have similar odds with the favorite, oddsjam has it right there for you. Perfect. Last thing, I'm not sure where you got 1600 from. In the numbers I ran on risk free calculator they said to bet 1747 for a guaranteed 332.84. Did you or your friend decide to do that to potential get a higher payout if the risk free bet hit? Thanks again!

[Jakeshot]

This only seems worth it if you already have a ridiculously large bankroll, where you can afford to bet 2-3k on one bet from one book. That’s an amount I have spread out between 12 books.

[benjaminsteinberg]

How did he come up with the $1600 hedge on the initial bet?? @8:19

[nicgli]

Hey Shane, what are the sports that generally have the biggest variance between bookie odds?

[shahriachowdhury]

Hi, are these usable from the UK or US only?

[Martwayne]

Please. Guide me I want to pay VIP apps and I get tips. Which app should I pay am in Uganda I failed to understand the math please

[fantabarack]

Is it risk free in terms of your accounts? No bans?

[DreGTR]

Is there a max bet you can bet on something? for example I want to bet on a boxing match this weekend and on Fanduel that same bet has a max bet of $100. On Draft Kings I dont see a max bet option. So is there a limit to how much we can bet?

[claytonholmberg]

Are you saying Punters? Is that what bettor means in Australia?

[RayIzuu]

It's been a while, how's your valuebetting journey been so far? What tips do you have for us starters? What's your say/tips on gubbing?

[brickies_laptop]

Hi Shane, just wondering if you know what the average loss over time is on bookmaker odds(negative EV). More specifically, Australian metro races, betting on the favourite early in the day(1-4 hrs before jump). Can you determine this from just the overround or is other data required? Love the videos, keep up the good work

[mohammadfarhanmasud]

Hey Shane hope you're well. Does your friend Dineth still make videos?

[boydpaul]

how do you use the American betting sites if you are in Sydney?

[scottv]

Your better off betting a under dogs point spread and favorite money line because one will definitely hit but you could hit on both

[kenzhang]

Ty! As someone from the US this vid helped out a ton

[NoDesignNoConception]

Can you use these bookies in australia

[thanapolsae-iab]

Hey, Guy i'm so interest the arbitrage and your course so much but i see it must important to have several different sportbook account So i'm have a problem that i stay at Thailand and it not support in this country Can i use vpn to registration ? Or use my passport and paypal ? I'M so worry about information, bookbank to withdrawl and anything
Can you suggest me what i should do.
*Respect*

[clampazzo_]

Great video but can I get some further explanation at 8:08 in the video?

Initially you deposit
$800 into FanDuel
$1600 into DraftKings
$2400 Total Deposited

If Under 5.5 runs are hit, you win $2080 from FD, lose $1600 in DK
Account balance in FD: $2080
Account balance in DK: $0

Isn't that a $320 loss instead of a $480 net profit?