The ‘Arbitrage Consultants’ Promising Risk-Free Sports Betting - WSJ

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/the-arbitrage-consultants-promising-risk-free-sports-betting-c1aea930 By July 3, 2025 10:00 am ET Listen (2 min) Stay-at-home mom Jaylin Palacio traveled to Arizona last year with a plan to sit in a hotel room and place thousands of dollars of bets on teams she knew nothing about. The 54-year-old had stumbled into a corner of sports wagering known as “matched betting” via a recommendation in a Facebook mom group. She said she had been guaranteed a healthy return from an online service run by experts who call themselves “arbitrage consultants” and use mathematical strategy and heavily advertised first-time bettors’ sign-up bonuses to deliver windfalls. Copyright ©2025 Dow Jo

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/the-arbitrage-consultants-promising-risk-free-sports-betting-c1aea930 By July 3, 2025 10:00 am ET Listen (2 min) Stay-at-home mom Jaylin Palacio traveled to Arizona last year with a plan to sit in a hotel room and place thousands of dollars of bets on teams she knew nothing about.