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FanDuel arbitrage opportunity

KHilgendorfKHilgendorf Member, Rooster Endurance Member, POTM
As the roost’s resident financial advisor, I feel it’s my duty to alert you all to an utterly insane opportunity for free money.

If you are not already a member of FanDuel, and you live in one of the states where it’s available, you can get 55:1 odds on the Super Bowl. For either team. So if one of you opens an account in the app and deposits $10, you can access the bonus odds of 55:1 for either KC or TB. Then have your spouse or friend do the same but bet for the other team. Max bet is $5 for the odds, which will net 275. Factor in the $5 loss, and you clear $270.

You’re welcome.

(Sworry to all you who don’t have access to the platform, I’ll keep my eyes open for more opportunities like this)
MattKenElPescadoPeladoCraig_D

Comments

  • Options
    AaronWebsteyAaronWebstey Administrator, Rooster Endurance Member, Rooster Endurance Officers
    How in the hell is this possible? What's the max bet?
    #KOAT
  • Options
    AaronWebsteyAaronWebstey Administrator, Rooster Endurance Member, Rooster Endurance Officers
    I'm not eligible for the SportsBook (and that deal, which is real) as a Canadian. But I did somehow still have $16 in credit on the fantasy FanDuel site, so I entered this:

    https://www.fanduel.com/games/53963/contests/53963-243448681/enter

    And this:

    https://www.fanduel.com/games/53963/contests/53963-243458526/entries/2361063784

    Also, Tom Brady is still a thing? And he's in the Super Bowl? WTF no wonder I stopped paying attention to most sports
    KenElPescadoPeladoCraig_D
    #KOAT
  • Options
    KHilgendorfKHilgendorf Member, Rooster Endurance Member, POTM

    How in the hell is this possible? What's the max bet?

    $5 bet to win $275. It’s obviously a marketing promo to get you in the site and betting, but I didn’t see any restrictions on cashing out immediately.
    AaronWebstey
  • Options
    MartinMartin Member, Rooster Endurance Member
    I would really like to see the math on this business. If they figure 1 in 12 will sign up: You have $60 coming in, paying out $1,650 to six winners. That's $1,590 before taxes. So every sucker that signs up will *lose* an average of more than $1,590.

    In triathlon terms, this means that every person that signs up after the promotion will earn the same amount of money as an average professional triathlete.
    AaronWebsteyMattKenElPescadoPeladoCraig_D
  • Options
    AaronWebsteyAaronWebstey Administrator, Rooster Endurance Member, Rooster Endurance Officers
    That $1650 gets them 6 accounts with linked credit cards of people who probably are at least a little interested in gambling ... I bet they make their money back
    #KOAT
  • Options
    KHilgendorfKHilgendorf Member, Rooster Endurance Member, POTM
    Exactly. It entirely a marketing spend with the hope that you continue on the site. But that doesn’t mean one must do so.

    I was thinking a bit more about the arbitrage op while in the trainer and realized that even an individual can get a guaranteed payout of nearly $165 by taking both sides. Bet $5 on KC to win at 55:1, and then $115 on TB will get you a full $275 payout. Not nearly as good of a return, but still free money.
    AaronWebstey

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