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We are looking to partner with anyone who has private credit (PPH) accounts
We can NOT use legal books such as Fan Duel, Draft Kings, etc.
What is a betting partnership? See the article below written by Ferris from thehammer.bet
You’re sick of losing. You’ve listened to podcasts and read every article you could find. You’ve tried every type of bet - straight bets, parlays, teasers, round robins, etc. None of it has worked. You know that there are people who consistently win betting on sports because you follow them on Twitter and read/listen to all of the content they produce. Yet you find yourself completing the same Venmo, Cash App, and PayPal requests from your local book every Monday morning. Or worse yet, you have to continue making deposits into offshore books. How are there people winning but you still suck at betting on sports?
One potential solution is what’s referred to as a betting partnership. If you Google “betting partnership” you’re going to find all sorts of articles detailing professional sports teams that have struck partnerships with legal sports betting companies. These are far from the type of betting partnerships I’m referring to and are not the same lucrative arrangements many bettors have established with professional sports betting groups.
How Does it Work?
When you enter into a betting partnership, you are handing over your account(s) to a professional betting group. Call them a betting group, call them a syndicate, call them whatever you want. But it’s usually a relatively small group of professionals working together as a team to fill your account with winning bets. You give them your username, password, the location from which your bets should be placed, credit limit on the account, and the equity stake for each side. The betting group then uses your login to place bets into the account.
Every interaction with the bookie is still handled by you, NOT the betting group. There’s a very, very strong possibility your bookie will not appreciate the fact that a group of sports bettors, with a proven track record of success, are now placing bets into your account. So when it’s time for the weekly settle, that’s still on you. When the bookie starts giving you shit for what you’re betting on or for being a winner, it falls on you to calm the situation. It’s a nice little three-way: you have a relationship with the bookie, a relationship with your betting group, but the betting group and bookie aren’t getting together on the side.
The equity stake you retain is different in each case, but based on personal knowledge and some outside research, most groups are good with 50/50 if you’re willing to split all wins AND losses. There’s also the possibility of a “freeroll” if you’re more risk averse The betting group will give you a much smaller equity stake, maybe 10-20%, but you are not responsible for any losses. As long as the account is net positive lifetime, you’re making money. Here’s an example of a 10% freeroll:
Week 1: Account loses $1,000. Betting group gives you $1,000 to pay Mr. Book.
Week 2: Account wins $2,000. You’ve now gotten past breakeven and are up $1,000. Your 10% equity stake has made you $100.
Week 3: Account loses $1,500. Account is down $500 overall, your equity stake is $0.
Week 4: Account wins $3,000. Account is now up $2,500 lifetime, and your stake is $250.
In a freeroll agreement, you only have earning upside. But for it to actually work, you need the account to be net positive over the lifetime. Keep in mind you’re only making a very small percentage of earnings from the account.
Why aren’t Betting Partnerships talked about more?
I’m not saying betting partnerships aren’t advertised, because they very much are. If you’re around gambling Twitter, you’re going to see some of the main players with things like “Betting Partnerships Welcome - DM for details” in their bios. However, I felt the need to write this article because I’ve never seen these partnerships discussed in the detail I would want if I was looking at entering into one of these agreements.
I think one of the main reasons betting partnerships aren’t discussed more openly is that they only work with Pay Per Head (PPH) accounts. A PPH is an online sportsbook that operates very similarly to any other online sportsbook, with the key difference of betting on credit. The book is extending you a line of credit to make your bets, not unlike a financial institution giving you increased buying power with a credit card. With a PPH, you can bet money you don’t have because you’re not depositing actual cash into the account. What could possibly go wrong?
Anyways, betting partnerships don’t work with your typical, legal sportsbook or any offshore sportsbook. These sportsbooks’ technology is very good and they can immediately detect when it’s not you logging in to place the bets. And since you need the betting group logging into your account to place bets, the operation becomes very difficult, if not impossible. With so many bettors relying on legalized or offshore sportsbooks, betting partnerships just aren’t a viable option.
Another possible reason you haven’t heard much discussion around betting partnerships is that the space is extremely cutthroat and reputation based. Many of these betting groups do this for a living and are collecting as many accounts as possible. They have to maintain relationships with everyone in the gambling space while still finding a way to showcase why their group is the best and you should send them all of your accounts. Betting groups that openly grovel for accounts are looked on as lesser people, kind of like the Mormons that go door to door looking for new members. Betting groups have to let their work speak for itself and rely on word of mouth to gain credibility.
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