Adventures in beta and betting
I got an e-mail about this yesterday and Mark saw it on Poker Grub. I went ahead and downloaded it and was able to get about 10 spins off before it crashed. I dutifully followed the instructions, played another slotto and it crashed. Apparently the beta needs a little more work.
Using my $1,000 Mansion sports bet winnings, I delved into the world of sportsbook action this weekend and am looking to survive Week 1 of the NFL unscathed, up a little.
Paradise Poker's sportsbook has a promotion in which you can get a free $25 if you transfer $25 from Paradise Poker to the sportsbook. You only have to wager 2x the $25 to release it.
I found an even bet on the NY Jets (+2.5) and bet out $50 and hedged it with something similar on the Titans at Bodog. The Jets won handily and a profit was made!
I also hedged $400 bets on the same game between BetCRIS and Pinnacle, where I have most of my money. Still have $490 bets on tomorrow's Oakland/San Diego halftime score at Pinnacle and Bodog. Should have placed small fan bets on the Atlanta Falcons and the Atlanta Braves, since the Carolina Panthers' Steve Smith was out of the game and the Cubs have had an extremely hard time beating the Braves.
Scurvy's recent post on How to Cash in on Sportsbook Bonuses is a must-read for any degenerate gambler.
It would pay to pay particular attention to some of his points, particularly that sportsbetting ties up LOTS of your cash, sometimes for long periods of time (you have to leave your funds in Pinnacle for 30 days, for example).
It takes huge amounts of funds (some cases $5,000) to get the max bonus (typically 10 percent to 20 percent of your deposit) and I found it's easier if you deposit equal amounts of money at each sportsbook you sign on to.
Finding offsetting lines to arbitrage is tricky and not always doable. I've found the lines at Mansion, although generous with its promotion, and the World Sports Exchange, which offers 100 percent rakeback to poker players, to be almost not worth checking, since they are so uncompetitive compared to a great site such as Pinnacle.
Anyway, these are my initial observations. I'll keep you posted as things develop.