In the past two years, some states have legalized sports gambling via apps, which use GPS technology to confirm the device being used is in that state. I don't have any particular expertise to pass along about sports gambling, but I have plenty to say about how easy it can be for people to make money by simply downloading the apps, without really putting any money at risk.
All of these gambling apps need to acquire customers to be profitable. For that reason, they all offer specials for new users. These specials are usually given as an easy one dollar bet at 100-1 odds (ensuring a $100 win), or some form of gambling credit.
The 'free bet' credit is the most typical form or credit, meaning it must be used on one or more wagers. It's often capped to equal the amount of initial funding up to a certain level. But it isn't that hard to turn this 'free bet into 'free money' though conservative wagering. For example, if you have $500 of free bets at $25 per free bet, just find a game with a wager close to even odds, and bet on both sides. At a minimum, you'll make $200.)
So, here's my quick-step guide on how you (and perhaps a spouse) can make hundreds of dollars while sitting on your couch with a smartphone:
- Download the apps.
- Electronically fund them, preferably to the max amount of free bets allowed.
- Make your easy one dollar bet, or over time, make your free bets, leaving the amount you funded untouched.
- Cash out your original deposit and winnings!
So why aren't more people doing this? I don't know. Maybe people are afraid of technology. Maybe they're afraid of getting addicted to gambling, losing what they initially funded plus a lot more.
Or maybe they just aren't good at calculating the return of making hundreds of dollars for a couple of hours of work.