DraftKings Sportsbook is currently giving away massive value with their boosted odds and promotional bonuses to attract new customers.
However, everything is not how it seems.
If you’re a casual punter, you’re going to need to check out this YouTube video where I take a deep dive into DraftKings Sportsbook to uncover the truth:
Sportsbooks in America are currently exploding. Sports Betting is really taking off there, and of course, there is always a race for new customers between the firms. DraftKings is one of the most popular Sportsbooks, this video shows the truth about DraftKings. It’s important that United States bettors understand DraftKings Sportsbook online gambling business model before signing up.
DraftKings Business Model
Sportsbook betting online in America is relatively new, and it’s something that’s going to take off over the next few years. In the UK, we have experienced it for years and have lived through all the changes – good and bad – watching the new Sportsbooks open up in America is almost like going back in time to 2000 in the UK! Anyone that is interested in sports betting in the US and will have an online account is going to learn a huge amount from looking at what happened in the UK.
With this in mind, you can use this information to really help your betting, make some profits and hopefully keep your account open. You should be aware that DraftKings CEO Jason Robins has said “this is an entertainment activity, people who are doing this for profit are not the players we want.” Basically, the US firms will be the same as the UK firms, winners will have their accounts limited or closed. There’s already a tonne of evidence on Twitter DraftKings Sportsbook are already limiting accounts.
There’s another thing to watch out for from the UK experience. I call it “click to deposit and lawsuit to withdraw” as you heard in the video! We see this time and time again in the UK. You can deposit at the press of a button with very limited details – for example, name, age and address but then when you want to withdraw to need to give your passport, driver’s license, something a photo of you holding it, a household bill, a utility bill and everything else they can think of to make it as awkward as possible. This is all aimed at you leaving your money in the account. They will try to even find IP addresses to say you broke the terms when you win.
And finally, if you’re thinking about using DraftKings, the last thing to be aware of is DraftKings changing the odds after the bet. This is something we’re used to in the UK. In the UK, they call it a palpable error, and it basically means the bookmaker is saying they made a “mistake” in the odds, and they change them – you have placed your bet already, and you can’t “un-place” it they make you take the new odds that they decide to give you. This is one that’s pretty cruel to be honest, you wouldn’t have likely placed the bet at the “new” odds in the first bet, and it only seems to pop up when the bookmaker has given away value.
Top Tips For US Bettors
As I have already lived through all the experiences the US Bettors are going to go through, it’s pretty easy to give good advice. There’s going to be a lot of articles out there about trying to keep your account open and whatnot, but my main advice would be the take the value, make money and “run.” Look, you’re going to get your account heavily restricted or closed regardless if you’re a winner. It will happen at some stage. Why not just make as much money as possible while you can, and then just move on to the next Sportsbook. There’s going to be a lot of competition between these sportsbooks in America, and we’re already seeing offers of $1,000 in free bets when you sign up.
As I said in the video, in a year or two from now you’re definitely not going to see sign up offers worth $1,000. If you’re completely new to betting on Sportsbooks and you don’t really know what’s value – a quick way to help you make money would be to try arbing. Arbitrage Betting software is easily available, and you can look in profit regardless of the outcome. This article is a good explainer for you.
Another way of making quick money when knowing nothing about sports, or indeed betting, is taking advantage of the sign-up offers. As I said, those $1,000 sign up offers won’t last long so why not take full advantage? There’s a quick example in the video of how to make money, but you can also look at the explanation videos on Profit Rush too which is aimed at the UK market.
And lastly, always look for value when betting. Shop around and pick the best prices. Make sure you’re always getting the best offer or the best price. Why back something to win at 4.0/1 when you can get 4.5/1 with another bookmaker? When you just start out and have a lot of fresh Sportsbook accounts, this is the best time to always get the best odds and it will save you valuable money while you learn how the system fully works.