Sports Betting as an investment and credit card bonuses

BPBryanBPBryan
edited July 24 in Wealth Hacking

Over the past six months I have been sports betting to see if it's a worthwhile investment for the time I put into it. I've read into learning about sports betting and see online there are many sites to learn how to and also hire sports betters to get picks each day and use their expertise to grow a bankroll. I thought this is a novel idea and worth putting $2,000 into as to see what kind of returns I could get.

Through 6 months of making 3-5 bets per day, I've averages a positive EV of $5.02 per day which equals to $873.35 profit. Not too bad given it takes me less than 1 minute of time per day.

What I've done is worked with a well respected sports handicapper. He sends me picks each day then I turn and use those picks on a sports betting site. This involves no prior knowledge of sports betting and leaves the stress out of my hands as I don't have the time to learn how to handicap sports betting.

For me this has worked as a simple way to grow a bit of cash as it would normally just be sitting in my savings account. Since this is considered a low risk investment because it is split over a 6 month period, I consider this a stable source of passive income that is easily liquid to withdrawal at any time.

What also is great to increase the EV is the sportsbook deposit bonuses and credit card bonuses that I've been able to use to decrease the sports betting risk by using bonuses to create additional income. Overall, I'm up a total of $1,389.78 which is a total of EV of $8.09 per day. This is calculated by the credit card points I accrue for depositing into the sports book and also the 20-30% deposit bonuses of the sports book.

See the attached picture for my results.

Overall it's been a good way to generate some small income for myself which would be accruing 1% interest in a savings account. Wanted to share this as my other posts about dropshipping have been well taken in this forum.

Comments

  • CorstiaanCorstiaan
    edited July 27

    This is it, I'm packing my Kerrygold bars and I'm off to a 3rd world country.
    I will start a new career as professional sports gambler and live off cheap ass rice!

    No offence, congratulations on your profits, it's a cool story; honestly!
    But, is it a joke?

    Bonuses are often a hardcore scam that could eventually even set you behind instead of ahead.
    Bonuses often come with unfair clauses for the customer.
    Anyhow, how many hours did you invest in these 1400 dollars profit made out of nothing but RNG?

  • I could use the profits to sponsor you with some rice and butter when you move. Don't worry, I'll only send Kerrygold.
    Nope, not a joke. I expect to make about $2K this year.

  • CorstiaanCorstiaan
    edited July 27

    @BPBryan said:
    I could use the profits to sponsor you with some rice and butter when you move. Don't worry, I'll only send Kerrygold.
    Nope, not a joke. I expect to make about $2K this year.

    Forgive my tone, there just seem to be so many sheep here lately.
    They ask uneducated questions out of pure laziness, which is everything BUT bulletproof mentality.

    • I'm merely afraid that they see your writing as a gift from above, excusing them to max out a relative's credit card freely.
  • What other people do with their time and relatives credit cards is their choice. I wouldn't prescribe God like promises from above to my words. The sheep will be very grateful that you are concerned for them. lol.

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