NEED ADVICE QUICK...

Long story short, FanDuel sent me a VIP offer today. (Yes, weeks after being banned, Im now a VIP...who knew)

Anyway here's how it works.

If I deposit $1,000 today I get a 25% bonus. $250.
Do it again tomorrow, get another 50% bonus. $500.
Do it again Sunday, get a 100% bonus. $1,000.

Basically deposit $3,000, get $1750 in free money.

The catch...all $3,000 and all $1750 must be wagered 1x before it is withdrawabale. Must be on casino (baccarat, blackjack, 00 roulette, or Casino Hold Em)

Whats the most AP way to get this money and not get banned? What would you do?

$5 Blackjack or $20 Baccarat.

Quote: mwalz9

Long story short, FanDuel sent me a VIP offer today. (Yes, weeks after being banned, Im now a VIP...who knew)

Anyway here's how it works.

If I deposit $1,000 today I get a 25% bonus. $250.
Do it again tomorrow, get another 50% bonus. $500.
Do it again Sunday, get a 100% bonus. $1,000.

Basically deposit $3,000, get $1750 in free money.

The catch...all $3,000 and all $1750 must be wagered 1x before it is withdrawabale. Must be on casino (baccarat, blackjack, 00 roulette, or Casino Hold Em)

Whats the most AP way to get this money and not get banned? What would you do?
link to original post

Remarkable only 1x WR and 100% contribution from those games
Spend a few hours reading the Ts and Cs
Presumably they forbid 'cover all roulette' type wagers.
Assuming they do, is there an autoplay roulette or Baccarat? Let it rip at min wager.

Good luck.

1 dollar Blackjack is what I would do.

Quote: rainman

1 dollar Blackjack is what I would do.
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Maybe me too. but it would be darned slow

Live dealer and find a friend to bet opposite.

Quote: FinsRule

Live dealer and find a friend to bet opposite.
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I don’t think you need to eliminate variance with an offer as good as you got. You have $4750 that cost you $3000. Bet $50 on baccarat 95 times. You will average somewhere over $4650 with little risk. So clearing on average $1650. On a bad run maybe only clear $1000. On a good run maybe $2300. If they ban you for making $50 baccarat bets you never had a chance.

Rolled with $5 baccarat. $1 would've been too tedious. I dont have that kind of patience.

$5 banker bets.

$1,000 in by me, real money. $250 from Fanduel. Withdrew $1,439.60.

Time to put today's $1,000 in, get their free $500 and do it all again!

Update Day 2: I put $1,000 real money in. Fan Duel gave me the $500 for free to go with it. I grinded again and turned it into $1,542.50 real money.

So far the promo has been worth $982.10. $1000 bonus coming later!

Quote: mwalz9

Update Day 2: I put $1,000 real money in. Fan Duel gave me the $500 for free to go with it. I grinded again and turned it into $1,542.50 real money.

So far the promo has been worth $982.10. $1000 bonus coming later!
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Excellent. I hope the money actually does reach your bank. It's not unheard of for organisations to close one down and seize all funds, deposits and winnings. Please do report success or failure to receive your due.

Quote: OnceDear

Quote: mwalz9

Update Day 2: I put $1,000 real money in. Fan Duel gave me the $500 for free to go with it. I grinded again and turned it into $1,542.50 real money.

So far the promo has been worth $982.10. $1000 bonus coming later!
link to original post

Excellent. I hope the money actually does reach your bank. It's not unheard of for organisations to close one down and seize all funds, deposits and winnings. Please do report success or failure to receive your due.
link to original post

There probably won't be an issue getting paid from Fan Duel.

I do believe that FanDuel is among the top 4 state licensed and most reputable sports betting sites in the USA.

The other three are, DraftKings, Yahoo, Fantasy Draft.

Update Day 3: I put $1,000 real money in. Fan Duel gave me the $1000 for free to go with it. I grinded again and turned it into $2,144.15 real money.


The promo ended up being worth $2,126.25 as a final result!

Quote: mwalz9

Update Day 3: I put $1,000 real money in. Fan Duel gave me the $1000 for free to go with it. I grinded again and turned it into $2,144.15 real money.


The promo ended up being worth $2,126.25 as a final result!
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So you beat expectations by a bit, right? You were given $1750 in free play but cashed out $2144.15! What did you play?

$5/hand baccarat. Bet banker every single hand!

Did you get then, just average shoes? I assume if you'd gotten Banker heavy shoes you'd have done better, Player heavy shoes, worse. Lately I have had a lot of Player heavy shoes where the Player lands almost 3:1 and the Bank never catches up.

Quote: MDawg

Did you get then, just average shoes? I assume if you'd gotten Banker heavy shoes you'd have done better, Player heavy shoes, worse. Lately I have had a lot of Player heavy shoes where the Player lands almost 3:1 and the Bank never catches up.
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I'd say my shoes were slightly above average for banker. Obviously I had to run $4,750 coin in, That's 950 hands. I finished with a profit. I never pressed no matter how bad or good it got. I just grinded away.

Quote: MDawg

Lately I have had a lot of Player heavy shoes where the Player lands almost 3:1 and the Bank never catches up.
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Catches up?
Why would banker ever catch up? Are the later rounds really so dependent on the earlier rounds? If that were so, then it would be wonderfully exploitable, would it not? In the same way as some would wrongly expect red to catch up with black if it fell behind at roulette.
Is that a feature of Baccarat, where if a shoe starts heavy with Player wins, you have reason to believe that Banker wins should catch up to tend towards some sort of parity?
Cool!

Your response surprises me, as I'm sure you're of the school who thinks that over time the proportion of Banks to Players will even out to exactly as expected by probability. I am of that same school, but I know that in the short term expecting that to happen absolutely over the course of a shoe is unrealistic. As EvenBob might have said, all that matters is the short term, which is why it's possible to take advantage of streaks and statistical aberrations.

Quote: MDawg

Your response surprises me, as I'm sure you're of the school who thinks that over time the proportion of Banks to Players will even out to exactly as expected by probability.

I assumed that Baccarat hands are as near as dammit independent.
You make one assumption (almost) correctly, but with one corollary I'd like to add....
over time the proportion of Banks to Players will even out to exactly 'tend towards the proportion' as expected by probability. BUT. The numerical difference away from expected counts will tend to increase, NOT decrease.
E.g.(Using a fair coin flip, because we know events are independent with 50:50 probability)
We begin...
Heads Count =1 : Tails Count=0 : Numerical difference = 1: Ratio Heads = 1/1 = 100.% (soon to be tending towards 50% It can never exceed 100%)
a few minutes later...
Heads Count =30 : Tails Count=20 : Numerical difference = 10: Ratio Heads = 30/50 = 66.7% (tending towards 50%)
Later still...
Heads Count =1030 : Tails Count=1020 : Numerical difference = 10: Ratio Heads = 1030/2050 = 50.2% (tending towards 50%)
Much Time Passes
Heads Ct =1000300 : Tails Count=1000200 : Numerical difference = 100: Ratio Heads = 1000300/2000500 = 50.002%(and still tending towards 50% in spite of increased numerical difference)
I.e Reversion to the mean sees our Ratio tending towards the expected ratio, maybe occasionally crossing over between excess of tails to heads, But the numerical difference does not in any way try to catch up and will actually tend to increase. Numerical difference might well pass through 0 a few times, but with decreasing frequency. Nothing in nature obliges it to.
Not realising the above is where the mathematically ignorant introduce the gamblers fallacy. It's only the ratio that tends to 'catch up' or tend towards expectation. it does so with absolutely zero tendency to have a catch up in numerical difference.

Quote: MDawg

I am of that same school, but I know that in the short term expecting that to happen absolutely over the course of a shoe is unrealistic.

Not only unrealistic, but absolutely not driven by any tendency whatsoever.

Quote: Mdawg

As EvenBob might have said, all that matters is the short term, which is why it's possible to take advantage of streaks and statistical aberrations.
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Probably not right to put words in EvenBob's mouth, but if he ever asserted that ' it's possible to take advantage of streaks and statistical aberrations.', then that is the point where he and I would disagree to the max. I tend to think that MDawg thinks that " it's possible to take advantage of streaks and statistical aberrations." so assume I'd disagree with MDawg, too, if he said that. Thus if we are 'of the same school, we drew different understandings from whatever was taught.
I assert that there is NOTHING that can be taken advantage of from streaks and statistical aberrations in a stream if independent events. Nothing: Nil: Zilch! Streaks of random events MEAN NOTHING.
The next event will do what it will do, with no homage to, or respect for, events that preceded it. Streaks are not even statistical aberrations. Rare eventualities are supposed to happen. It would be an aberration if they didn't. Wherever you are in a perceived streak of events, you are at time index 0. For independent events, you can use no info from the past to predict what will happen at any point in the future.
You see heads, heads, heads, heads, heads, heads.... What comes next? What is the probability of heads being next? It's 50%, same as it was for every previous flip.

UPDATE:

All of the money, mine as well as all promo money, is now successfully in my bank account.

FanDuel has given me yet again a similar VIP promotion for this weekend!!!!

Deposit $1,000 yesterday, get $500 for free with it.
Deposit $1,000 today, get $1,000 for free with it.

I deposited my $1,000 yesterday and played thru it 1x and turned it into $1,192.05. I'll geet the $500 that goes with it this afternoon and update the results later. Then tonight, I'll deposit the other $1,000.

This is insane! $3,250 in promo money at 1x play thru in a week!

Quote: mwalz9

FanDuel has given me yet again a similar VIP promotion for this weekend!!!!

Deposit $1,000 yesterday, get $500 for free with it.
Deposit $1,000 today, get $1,000 for free with it.

I deposited my $1,000 yesterday and played thru it 1x and turned it into $1,192.05. I'll geet the $500 that goes with it this afternoon and update the results later. Then tonight, I'll deposit the other $1,000.

This is insane! $3,250 in promo money at 1x play thru in a week!
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Are there tax consequences? Does Fan Duel give you (and the IRS?) a year end tax form?

Yes. There is and they do. I'm also fully prepared for tax season. I have itemized deductions. I have a 6 figure job. I'm ready.

Update: I still haven't received the $500, they say it can take up to 72 hours. I did chat them on the chat feature to confirm I qualified and would be getting it. They said yes.

So I deposited today's $1,000 and turned it into $1,070 after 1x play through.

Promo is worth $262.05 so far and whatever I make from the $1500 they owe me in next 72 hours is all straight profit.

You are living the dream! Do you play much/some/lots of negative EV stuff on Fan Duel to get these VIP opportunities?

I play blackjack and baccarat for real money for fun. I know you guys are going to think Im a smoke blowing, BS spreader, but I am a lifetime winner on there counting all promo money.

The catch is, I have a decent size bankroll and am happy with a small win goal. If I can win $50-$100 a day, I usually do and quit for the day. Not that hard to accomplish if you're willing to deposit 4 figures to do.

I also bet sports daily.

In the 3 years FanDuel has been open in WV, I have wagred over $1.7 million coin in.

There are members here who have screenshot proof. I'm not gonna drag them into it by name, but they are here and my stories are real.

UPDATE:

Just got the $500 of promo money. Grinded thru it for the 1x play thru requirement.

Cashed it out at $515 real money.

Promo has been worth $807.05 so far with a $1,000 promo deposit coming tomorrow.

UPDATE:

FanDuel gave me the $1,000 this morning. I grinded thru it and finished at $1,252,50. The cards were super hot! Could've made more, but never pressed. Stuck to the grind.

Promo was worth $2,059.60 profit!

FanDuel either has the dumbest marketing department in the world, or they are really trying to capture the online betting market in West Virginia.

Not only do they have 1x play thru requirements, while playing thru the $2,000 of my money promo and $1500 of theirs, I allegedly qualified for another promo they had this weekend and got $125 deposited today. I grinded thru it and finished at $128 real money.

Crazy good stuff!

I have gotten this promotion once or twice a few months ago. It is a fairly easy +ev promo. Obviously they are assuming most people are going to play more than necessary and will also waste most of the bonus money since it is “free money”. I have played extensively at the FanDuel/Betfair/Stardust casino. When it was Betfair they had a monthly loyalty program. The top level required $2.5m monthly coin in. I got to this level a couple of times. It promised vip perks and bonuses. Overall I received almost no bonuses or promos. Sometimes $50 or $100 here or there. At that loyalty level you did get back 1/10% cash back, which is a pretty good rate for blackjack. I kept saying to myself that that is a significant amount of play. If you played that much at any land casino they would roll out the red carpet for you. They are fairly consistent with monitoring your wins/losses. If you had a few days with a loss, 2-3 days later they would give you site credit, usually in the area of 10-20% of your loss. If you had a stretch of playing a lot but you won, they would just give you $25 or $50 once a week or so.

For some reason my FanDuel account is limited. Most bets are limited to a few hundred dollar win. So I have effectively boycotted the casino side since that seems to get me nowhere on the sports side. It’s been several months since I played any or even deposited. They don’t seem to miss me as they just now gave me $200 freeplay and no hosts have contacted me.

As I mentioned in another thread, I have received this same promo the last 4 weekends in a row. Super good. Better than any other site I've seen.