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

[@kolmogorovaxiom1493]

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.

[@mrtmonthego1182]

I rather do it the lazy way which is not itemize anything and put 28% aside for every time I win, that way the irs can take the money I put away for them!

[@whereintheworldisbrennan3363]

"the IRS if you have a net win of at least $600 for the year: That's not true at all lol....... the rest of it yes

[@ISGBaby]

I’m pretty sure you can write off up to a certain amount of gambling losses on tax somehow

[@Slimethemoutt]

hey bro im wondering before i make a draft kings i have a fanduel , if i make 595$ on fanduel and then make a draft kings and make 300$ profit will i have the do taxes, i don’t like taxes

[@_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!

[@user-st9wj2lo5p]

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

[@ShaneHuang88]

Thanks!!

[@Martwayne3]

@@ShaneHuang88 please Shane I want to pay VIP apps which give tips which app should I pay cause I failed to understand the math please direct me

[@rickyman1500mdy]

pls reply me ..

[@nicholusmutunga1555]

@@ShaneHuang88 yes

[@Jakes2hot]

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.

[@Dammyjay888]

So glad to see you back

[@benjaminsteinberg8027]

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

[@Martwayne3]

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

[@peterpann446]

Are these available to Aussies

[@shahriachowdhury9552]

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

[@kenzhang818]

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

[@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?

[@nicgli3929]

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

[@ReliableisHere]

Tried it and never won once 😢

[@jamdinding7568]

In Indonesia, making arbitrage bets is very easy. without tax. even before starting you already profit using "credit deposit" (Translate: Prepay Wireless Credit) Cheap

[@musicttune]

Hey I have 8 no of odds in this form *6,*6,*8,*8,*8,*8,*12,*12 in India can you tell me how can I win this but the output is only 1 in any of the given odds.

[@asakurayoh3909]

Use the Arbitrage Calculator. In your case , you'll end up loosing money.

[@fantabarack]

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

[@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?

[@ShaneHuang88]

The gub is inevitable haha

[@amcejey]

What's gubbling?

[@claytonholmberg2020]

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

[@scottv3836]

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

[@valeriybelozerov9297]

Binary options are pretty interesting, but don't be overhyped about it. I think classic trading is more safest way to make money

[@boydpaul7788]

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

[@ShaneHuang88]

You can only use Australian ones. My friend in America placed these bets

[@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

[@ShaneHuang88]

It would just be (1 - odds/ fair odds) x stake would be the expected loss

[@thanapolsae-iab7486]

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*

[@NoDesignNoConception]

Can you use these bookies in australia

[@sambachmann9021]

Can betting exchanges be used for plus ev betting as well?

[@mohammadfarhanmasud7623]

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

[@DanRaidersWarriorsSharksGiants]

As an American we are at a huge disadvantage to do arbitrage because we are so bookie limited compared to other countries like Australia or England and many more. If you did it just to get the risk free money and cashed out it beats just blowing it all with a silly bet obviously. Oddsjam looks expensive and it would be fine if we had access to most online bookies but unless you used VPN and could fool them with that and a fake address what is the appeal for an American to do it? Does any American arbitrage on some of the bookies they wont let us join now?

[@Simone-vp8wy]

The guy on top your comment just said the opposite.. just decided guys! One of you two is ridicolous

[@obesechicken13]

I really want to use your referral. Why don't u link one?

[@mrdigitized]

I wonder if you have some group where we could copy your bets somehow

[@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?

[@ShaneHuang88]

You win 2080 profit and you get your 800 stake back so you have 2880 in FD

[@tatukid9038]

Getting the accounts for all the betting site is my problem especially how I'm from south america

[@holymoly4755]

Hi l am from the Netherlands and here we cant play arbitrage or how do you find them? Can you help me?

[@kevinv.d1192]

Je zal moeten kijken op meerdere online sites want ze gaan nooit precies één echte arbratage bet op een site doen. Op welke sites zit jij nu?

[@triciacortez-sj8pl]

If you are looking for a legit platform that can increase your USDT. BWL-USDT platform can give you the opportunity to earn 20-30% daily passive income with just $11 USDT starting Capital plus a welcome BONUS up to 1 USDT, If you are interested I am happy to guide you. 😊

[@davehoward22]

Just join as many as you can at once ,(for free if you use your head) and just hedge all the dozens of free bets...

[@rubintevar6568]

Bro can you do for Indian Betting apps then definitely buy premium package lots of love from India❤❤

[@rajashekar1848]

betting is illegal in india

[@buildprofitablebusinessfro9923]

hello, we can really win without risk without loss of capital, does your method and you software work from Belgium thank you

[@comedyshow4509]

Why they asked the socia security number?

[@fifteendollarbill]

For taxes purposes, and to make sure your a legally US citizen

[@dangaughan1443]

Hey Shane, I've been on oddsjam for almost a month using Pos EV betting with limited success using only Australian bookies. As an Australian yourself, do you use American bookies & if so what is your process for that?

[@ShaneHuang88]

I use Australian Books and I found enough opportunities

[@gertjanjakupi]

i don't understand how you made profit you spend 2400 total

[@bsilva0630]

In the first example, if you lose on fan duel, you lose $800, but get it back in credits with the promo, but win on draft kings, spend $2230, win $2801. So profit $570 cash and $800 fan duel credits. If it hits on fan duel, you win $2800, but lose on draft kings for $2230. So profit $570 only.

[@foxie7841]

Do you have group on telegram with bets in it? Like ur betting and placing ss on telegram? I know ur banned from betting but can u make bets and show it? Please bro

[@miroslavsafin]

this was useful!

[@Martwayne3]

Please Shane. Am in Uganda I want to hit correct score please help me

[@Optable]

I can place bets as a US resident. Happy to provide all my info socially and provide the bets with my own money to help build trust on your end. Willing to help two people out, I'd just ask for 5% on wins for my time. Not forcing anybody to contact me, but again I am happy to help and do it without needing any sort of financial info from you. If you're interested let me know I can give an email. Anything you need me to provide I am happy to, again that includes placing them with my own money. Not providing it right here as I don't want to come off like some body trying to take your money

[@Martwayne3]

@@Optable please I am interested

[@valerychauvet4683]

need sure bookies odds please

[@gottgold1537]

Draftkings is the true king of sports.

[@josekabull8619]

Hea Shane, am interested in this ,

[@mauldin128]

Draft kings free bets pay out less than non free bets

[@ZackWolfMusic]

Why not do videos on parlays?

[@josekabull8619]

Please give me those odds or you tell me how we can communicate to you

[@leyenuel9917]

Hi Shane, I’m a starter from Nigeria. My name is nuel, can you help me with the betting pls

[@leyenuel9917]

How do I get your WhatsApp num

[@dsojrna8699]

Hi Shane, I'm a starter from Nigeria. Any ideas that can help with these risk-free betting here?

[@jamesparker7196]

Mate, why are you posting US-only content when you know that the predominant loyalty of your followers are based in Australia? Make some more vids about Edge Alerter, I checked them out as per your last video and they actually have a mad service that caters for the Aussie market.

[@DanRaidersWarriorsSharksGiants]

Easier to do arbitrage in Australia you are lucky you are there.

[@dibcrayron]

Made 20kusd on Australian rugby 🏉 in less than 5 hours 🍕 this man video Rocks !!!!

[@Shrek_is_love_]

@@dibcrayron pls elaborate on how! And what were the odds each way

[@lordfatherthankyou2903]

Cuz USA big timing y’all not even players 😅

[@adriandib]

@@dibcrayron that seems way to high to be legit

[@JerryTrade28]

Video starts after 5 min mark. This guy likes having too much introduction

[@如果有如果-k5q]

这种对冲套利方法太低级了，很快就会被博彩公司封号。通过投注的方法/赔率/资金分配等，很容易看出来是不是正常玩家。做局的利润才高，也可以避免风控

[@bigmerc57]

That is pretty smart.

[@OGDailylama]

I can give you a way to stop getting banned but I’m not telling it here because they’ll change their algorithms

[@michalmoczulski7728]

hahahahaha. clearly your not winning enough

[@wafulaedrisa3687]

Much love from East Africa, help us too

[@opiummpoppy6433]

Sportspesa na kadhalika😁😂😂

[@YoxB.]

I made over $7,000 off hedging the risk free promotional bets of all the available casino sites

[@YoxB.]

Honestly, the way he does it is a shit way of doing it, there are muuuuch better ways to do this.

[@davidh.1836]

@@YoxB. can you explain better options to hedge? I thought this was pretty solid.

[@dethkok3869]

@@YoxB. share the glory would ya

[@Flowers4Fischl]

In short, do arbitrage betting using bonus bet money. End of the video.

[@CallieGead]

Dang. I thought it was free cash right there.

[@jdogagt]

Thanks for the info fuck the haters

[@michalmoczulski7728]

be careful man. bookies know bikies.

[@MidnightStorm4990]

Thought this channel was gonna be imperial college related 😅😅

[@lilianmerkin7923]

A $32,000 profit sent to my portfolio each week, Ms. Angela Cole Carr is amazing.

[@harryjacob629]

My uncle from Louisiana made over $3.7million USD directly to his portfolio and same as my other family members who started trading with Mrs Angela Cole Carr services few months back..

[@harryjacob629]

@Perez Sp Oh yeah She is always active on whats-app APK🇱🇷

[@harryjacob629]

ນີ້າທີ່ນີ້ລນີ ＋𝟭𝟵𝟰𝟳𝟮𝟮𝟱𝟮𝟰𝟴𝟱 ທີ່ນີ້ລນີ້ນີ້👎 👎

[@harryjacob629]

@Perez Sp she will guide you ☝️

[@Noah-ts9dy]

@Oliver Jacob yea and Honestly I believe because I have seen people around my neighborhood that actually gets 120K per month trading with a broker, thanks for the info dude am happy that I came across this information. You are best keep the good work going, I will get in touch with Mrs Angela Asap and begin my investment and trading journey with her platform...

[@candrasakti9882]

you are very handsome and i love you Shane..😊

[@ReliableisHere]

Another money grab

[@windowwasherfpv3485]

$1000 monthly lol yeah right

[@michalmoczulski7728]

I actually make 1000 per week

[@windowwasherfpv3485]

@@michalmoczulski7728 If you’re moving around 40,000k + a week and only make 1000 it Would be easier just to buy stock or short the market

[@thomaspurdy7764]

Massive scam

[@rbeeben]

Hi shane, I sent you an email on August 27th, did you have time to read it, I would love to hear what you think thank you

[@tosa6213]

I am Japanese. I am a sports betting and I make a profit I am interested in your video I would like to contact you.

[@ammarmuhammad5891]

On soccer?

[@gbolagadeisraelcrown3526]

Ur telegram link please

[@hamiltonpaulo6533]

Someone help me @fanduel just block my account over nothing I have currently bet that I’m winning