Basketball lines can be used in an ingenious way to extract the sign up bonus or any other bonus from a sports betting account. If you look at any of the sportsbooks online you will see that many of them have an entire promotions page by which they offer enticements for a variety of different things. Sign up bonuses are the most popular but there are also refer a friend bonuses amongst others. These bonuses have wagering requirements that are attached to them but I won't go into those here because they do vary greatly from sportsbook to sportsbook.
Go and take a look at ScoresAndOdds.com to see the sister sportsbook, Sports.com and you will find everything that you will ever need to know there with regards to the basics which really apply to all sportsbooks in general.
Well, what is this clever procedure in which to take advantage of the sign up bonus I hear you ask. Well, the procedure that I have in mind is by what is commonly known in the industry a s matched betting. Matched betting is where you place a bet on the basketball lines for instance and lay the bet off at a betting exchange. Now, in my opinion the best betting exchange is Betfair.com but as many of you who will be reading this will live in the US you be banned from playing there due to the unfortunate gambling laws that we have in place, There is an alternative though, and having played there a few times myself I am happy to say that it is a very good alternative into which you can match out your basketball lines.
I now that it all probably seems very confusing but a betting exchange acts very much like a sportsbook but in that you are the offer the odds and act as the sportsbook. What I mean by saying that is that you can offer a price on selection to lose, if this still hasn't connected with you then please don't worry, it took me an awful long time to get my head around it but when you do it will definitely be one of those moments when you hit your head in anger knowing that it is all so very easy
What you actually do when matched betting the basketball lines, is to simply place a bet on your basketball selection and then go over to Matchbook.com and lay the very same selection for the same amount of money. What the lay bet initially does is cancel out the back bet at the sportsbook so you are left actually losing no money but also winning no money. Actually, I tell a lie, you will lose a small amount due to the commission charges at the exchanges but you are only looking at around a dollar.
So, I hear you ask, what is the point of that, My answer would be, what about the bonus? Yes, we keep on going through the same process until the wagering requirements have been met, losing a small amount in each transaction but ending up with a large part of the bonus. Typically, between 60% - 70% of the bonus will be kept in tact and don't forget that this is more or less guaranteed.
You could alternatively decide to place the whole bonus on one selection without laying it off and get lucky and come away with a big win but I know which process it is that I would prefer. When you take into account the fact that there are also reload bonuses and refer a friend bonuses you can see that this could be a nice little earner over a long term basis. Then count up all of the other sportsbooks and you can see why, that in the UK, this matched betting is an increasingly popular way of making money.
One thing that you must be aware of though, and I didn't realise this until I was looking at the ScoresAndOdds.com website is that you don't want to be accused of bonus abuse. This is simply where you only ever visit a sportsbook to play the bonuses. You should always visit and play at the sportsbooks at other times as well. This will keep them happy and you will be safe in the knowledge that you are not breaking any rules.
It is also usually the case that only one person from a household;d can take advantage of a sign up bonus from a sportsbook. My brother learnt this the hard way when he saw that I had an account with a certain sportsbook and thought he would open one as well. He went to claim the bonus which he duly received but the problem arose when he tried to withdraw a week or so later having met the wagering requirement. Everytime he went to make a withdrawal it was refused and it wasn't until the customer services said that only one bonus was allowed per household, when we finally realised what had happened. I could have kicked myself as I am meant to be an online gambling expert, so please make sure that you don't fall into the same trap if you try for one of the many promotions that are available.
Why not start with ScoresAndOdds.com where you can try the process out by match betting the basketball lines at Scores.com