Anyone using EdgeBoost?

[Reload]

Signed up for EdgeBoost last week and got the debit card today. For non-un-regulated gaming, it has sounded like a solid method for deposits.

Any experiences to share?

 

[KVB]

Sounds a like a good thing to move money and it's FDIC insured.

Excellent if you need to move money quick for arbs or what not.

The "buy now, pay later" part of it for gambling purposes is probably not a good idea.

The industry hasn't just legalized, they are removing all the friction that used to keep the public safe.

And this thing feels like it's so smooth there is no friction.

Buy now pay later is like credit betting, not a good idea for some people.

 

[KVB]

The industry hasn't just legalized, they are removing all the friction that used to keep the public safe.

And this thing feels like it's so smooth there is no friction.

For those who don't understand what I mean, think of the old days.

If you wanted to gamble, you needed to be 21, you needed to travel to Vegas, etc. That is friction to get down on a bet.

Now, you can open your phone, transfer money, and start mashing betting buttons like an octopus on a keyboard.

That is the removal of friction.

 

[Reload]

For those who don't understand what I mean, think of the old days.

If you wanted to gamble, you needed to be 21, you needed to travel to Vegas, etc. That is friction to get down on a bet.

Now, you can open your phone, transfer money, and start mashing betting buttons like an octopus on a keyboard.

That is the removal of friction.

I have used all sorts of deposit methods (that’s how I got the name Reload!). This one sounds like it’s more of a guaranteed acceptance online and at casinos, which is good.

 

[KVB]

...This one sounds like it’s more of a guaranteed acceptance online and at casinos, which is good.

Agreed...

Sounds a like a good thing to move money and it's FDIC insured.

Excellent if you need to move money quick for arbs or what not.

 

[Reload]

Sounds a like a good thing to move money and it's FDIC insured.

Excellent if you need to move money quick for arbs or what not.

The "buy now, pay later" part of it for gambling purposes is probably not a good idea.

The industry hasn't just legalized, they are removing all the friction that used to keep the public safe.

And this thing feels like it's so smooth there is no friction.

Buy now pay later is like credit betting, not a good idea for some people.

Wow the buy now pay later is a nice plus! The amounts don’t sound huge but I’m sure you can have it increased. Installment plan payback could come in handy.

I got all the way up to five figures available with Echeck/Pavilion over about 20 years of using them. But no installment plan there - they just try grabbing it all the next day.

 

[KVB]

Wow the buy now pay later is a nice plus! The amounts don’t sound huge but I’m sure you can have it increased. Installment plan payback could come in handy.

I got all the way up to five figures available with Echeck/Pavilion over about 20 years of using them. But no installment plan there - they just try grabbing it all the next day.

But for some, that could be a problem

Maybe they have limits in place to curb excessive addictive behavior.

We might all be compusive gamblers, but many of us, like you and me, are in control of that while many simply are not in control.

 

[theriver55]

Sounds a like a good thing to move money and it's FDIC insured.

Excellent if you need to move money quick for arbs or what not.

The "buy now, pay later" part of it for gambling purposes is probably not a good idea.

The industry hasn't just legalized, they are removing all the friction that used to keep the public safe.

And this thing feels like it's so smooth there is no friction.

Buy now pay later is like credit betting, not a good idea for some people.

Truth be told. for credit wagering like in the old days for me a mistake.

 

[jjgold]

Reload explain what it is

 

[Reload]

Reload explain what it is

It’s like using a debit card for gaming deposits. Except that you know it will work unlike some banks where they will not. Also very high limits unlike normal debit/ATM daily limits from banks.

 

[theriver55]

Checked out the site. Looks like it's good deal if your bank does not allow or charges cash advance fees for gaming. However I didn't see where it's for credit gaming too. said you have to fund the card from your bank. Maybe I missed it?

 

[KVB]

It’s called “by now, pay later”

It was a program they had, maybe they got rid of it

But I doubt they got rid of it

The .5% back is pretty good, especially if it’s in the Sports book, but not sure how they know where or what you’re betting

The “qualified” part of that .5% it’s probably some shady fine print where few will qualify for it… that’s just a guess

 

[BobbyFK]

If you can really gamble on credit, then this card is going to be an issue for some people with no self control

 

[Reload]

It’s called “by now, pay later”

It was a program they had, maybe they got rid of it

But I doubt they got rid of it

The .5% back is pretty good, especially if it’s in the Sports book, but not sure how they know where or what you’re betting

The “qualified” part of that .5% it’s probably some shady fine print where few will qualify for it… that’s just a guess

Looks like you have to reach a certain amount of activity with them to get 0.5%. Right now I am at a tier with 0.3%. You get higher tiers and cash back through activity and advancing into them.

 

[theriver55]

If you can really gamble on credit, then this card is going to be an issue for some people with no self control

I saw where it said transfer funds to your debit card from your bank. I saw nothing about credit. But KVB said they used to have a credit option but maybe they did away with it.

 

[BobbyFK]

I looked a little more into it. It looks like a debit card of sorts that offers cash back when depositing to sportsbooks. I don’t believe they offer credit.

 

[KVB]

If you can really gamble on credit, then this card is going to be an issue for some people with no self control

Bobby, get out of this thread if you're just going to repeat what I said like you know anything about gambling.

I looked a little more into it. It looks like a debit card of sorts that offers cash back when depositing to sportsbooks. I don’t believe they offer credit.

They may have discontinued the program.

It was a Visa based program where you make a deposit, they double it by giving you an advance equal to your deposit, then have 4 equal weekly installments to pay it back.

The interwebs says it exists, or existed, but the website and support don't confirm that.

Kind of a weird set of circumstances.

Maybe they got burned on it, because of course they would, and discontinued the service.

Yes, EDGE Boost offers a specialized "Bet Now Pay Later" (BNPL) option, functioning as the world's first VISA card designed specifically for sports betting. It allows users to double their deposits for wagering and repay the advance in 4 interest-free, weekly installments, acting similarly to traditional BNPL services.
Substack +2
Key details about EDGE Boost:

• Deposit Matching: They match your deposited funds (up to certain limits) to be used on any legal sportsbook or Daily Fantasy Sports (DFS) site.
• Repayment: The advanced funds are repaid over 4 equal weekly installments.
• No Interest/Fees: The service operates with no interest, making money from VISA fees paid by sportsbooks.
• Limits: Initial limits are lower (e.g., $50) but can increase to as much as $2,500 based on responsible repayment history.
  Substack +3

A few different searches come up with these results but we know AI can fawk up too.

Do a search, there are several sites listing this offer of an advance, so it sounds like it's been discontinued or was only for certain boosted times of the year.

 

[Reload]

Says right now at my tier the deposit limit is only $2500. But it can go up much higher if you use them a lot. I know that guy Elf on X has sent millions using them and gets the high cash back.

 

[Reload]

I should also mention they sent the debit card by UPS. It’s like they can’t wait to reel you in and start using it right away!

 

[KVB]

Says right now at my tier the deposit limit is only $2500. But it can go up much higher if you use them a lot. I know that guy Elf on X has sent millions using them and gets the high cash back.

Edgeboost VIP sets you up for high limits.

Like Kalshi, you can also get interest.

This is like likely because, like Kalshi, they are a bank. They are earning interest on the deposits so they are sharing it with the customers.

That means they’re also dialed into the banking system and can move money quickly

Looks like VIP also offers some crypto exchanges.

Weird thing is they are calling the interest a reward, it might be taxed differently.

There might be something to this edge boost after all.