Sports Betting App Promos Make Bettors Look for New Edge

Bloomebrg (03/30/2022)
  • A growing community of sports bettors uses promos offered by DraftKings, FanDuel and others to make off-setting risk-free bets on games.
  • Since the 2018 US Supreme Court ruling legalizing sports gambling, betting services have aggressively courted individuals via promos including $1000s worth of deposit matches and $100s in gambling credits.
  • Reddit communities share tips on placing bets using promos across different sites to ensure guaranteed profits.
  • While betting sites claim they’re “very aware” of “bonus abuse”, promo-driven growth seemingly offsets the cost.