Pick’em sites like PrizePicks have gained tremendous popularity, attracting more users every day. However, many players are making significant mistakes that hinder their profitability. In this article, we will discuss the top five mistakes to avoid on PrizePicks, enabling you to maximize your earnings on this platform. By following these guidelines, you’ll have a better understanding of how to approach pick’em sites and increase your return on investment (ROI).

1. Overlooking Unders: A Valuable Opportunity

The Temptation of Overs

When playing on PrizePicks, one of the most common mistakes is an excessive focus on overs. It’s understandable why many players are inclined towards overs—cheering for points, three-pointers made, and rebounds can be exciting. However, this preference for overs often leads to missed opportunities and less favorable lines.

Uncovering the Value in Unders

PrizePicks and similar platforms have valuable insights into player preferences. They are aware that most users tend to lean towards overs, allowing them to adjust the lines and exploit this bias. By neglecting unders, you might be overlooking potential value opportunities. Taking unders into consideration and leveraging the knowledge that fewer people are likely to select them can provide an edge and increase your profitability.

Pro Tip: Don’t shy away from exploring the unders and uncovering hidden value. Broadening your strategy beyond overs can lead to more profitable outcomes.

2. Know the Rules: Different Break-Even Rates

To make informed decisions on PrizePicks, it’s crucial to understand the implied odds and break-even rates associated with each level of picks. Different platforms have varying requirements for profitability. Let’s consider an example: on PrizePicks, a two-pick card requires an average of 57.7% correct picks to break even. However, a five-pick card has a lower break-even threshold of 53%.

Expanding Card Size for Better Odds

Playing only two-pick cards can be challenging due to the higher break-even percentage. Instead, consider building three, four, five, or even six-pick cards. While hitting a perfect six of six is rare, the advantage lies in the fact that you need to be successful at a lower rate compared to repeatedly playing two-pick cards.

Pro Tip: Opt for larger card sizes (three, four, five, or six picks) to reduce the break-even rate and improve your odds of turning a profit.

3. Utilize Tacos and Free Squares: A Free Ride to Profitability

Seizing Free Opportunities

A common blunder is disregarding “Tacos” or “Free Squares” on PrizePicks and other similar platforms. These features offer discounted rates or guaranteed victories. Failing to utilize these opportunities leaves money on the table.

Enhancing Your Chances

By leveraging Tacos and Free Squares, you significantly increase your odds of hitting a successful card. These plays are often available daily, depending on the platform. Ignoring these perks is akin to voluntarily relinquishing potential earnings. Don’t miss out on these free opportunities to boost your profitability.

Pro Tip: Always take advantage of Tacos, Free Squares, and other bonuses available on pick’em sites. Utilizing these offers enhances your chances of winning and ultimately increases your earnings.

4. Capitalize on Market Inefficiencies

Understanding Market Dynamics

When playing on PrizePicks or similar platforms, it’s essential to compare the lines offered with those at traditional sportsbooks. Sportsbooks often have different odds and juice attached to their props. By identifying significant discrepancies, you can capitalize on market inefficiencies and make more efficient plays.

Leveraging Odd Shopper

Platforms like Oddsjam’s Odd Shopper provide comprehensive analysis, highlighting disparities in lines and win rates across different platforms. By leveraging this tool, you can quickly identify valuable opportunities with higher expected value (EV) plays, ultimately improving your profitability.

Pro Tip: Pay attention to significant differences in odds and juice between pick’em sites and traditional sportsbooks. Utilize tools like Odd Shopper to identify favorable plays and maximize your potential profits.

5. Seize Sign-Up Offers: A No-Brainer

Free Money, Higher Returns

One common mistake is not taking full advantage of sign-up offers and deposit bonuses available on pick’em sites. These promotions provide an excellent opportunity to boost your bankroll without any additional risk. By leveraging sign-up bonuses, you can immediately double your initial investment and increase your betting opportunities.

Maximize Your Advantage

By doubling your bankroll through sign-up offers, you enhance your ability to make profitable plays. Instead of limiting yourself to a specific number of picks, you have the freedom to expand your strategy and explore more options. It’s an excellent way to improve your chances of winning and maximizing your returns.

Pro Tip: Seize sign-up offers and deposit bonuses to double your bankroll and increase your playing potential. Don’t miss out on this risk-free opportunity to grow your profits.

Conclusion

Avoiding common mistakes and implementing smart strategies is key to achieving success on pick’em sites like PrizePicks. By focusing on unders, understanding the break-even rates, leveraging free squares and bonuses, capitalizing on market inefficiencies, and seizing sign-up offers, you can significantly improve your profitability and ROI.

Remember, informed decision-making, thoughtful analysis, and utilizing available tools like Oddsjam can enhance your chances of making profitable plays and securing consistent wins.

Don’t let these mistakes hinder your progress. Start implementing these strategies today and take your PrizePicks experience to the next level!

Sign up for a FREE 7-day trial at Oddsjam to explore their parlay builder, positive EV tool, and Bet Tracker, helping you make smarter betting decisions.

Frequently Asked Questions (FAQs)

1. Are unders a viable option on PrizePicks?

Absolutely! Many players overlook unders and focus primarily on overs. By considering unders and leveraging the knowledge that fewer people select them, you can find value opportunities and potentially increase your profitability.

2. How does card size affect my chances of winning?

The larger the card size, the lower the break-even rate. While hitting a perfect six of six picks may be infrequent, selecting successful plays at a lower rate is more attainable when playing larger cards (three, four, five, or six picks).

3. What are Tacos and Free Squares?

Tacos and Free Squares are features offered by pick’em sites like PrizePicks. They provide discounted rates or guaranteed victories. Taking advantage of these opportunities significantly improves your chances of hitting a successful card.

4. How can I identify market inefficiencies?

Comparing the lines offered on pick’em sites with those on traditional sportsbooks can help identify market inefficiencies. Oddsjam’s Odd Shopper is a valuable tool that assists in analyzing and highlighting such disparities, allowing you to make more informed and efficient plays.

5. Why should I seize sign-up offers and deposit bonuses?

Sign-up offers and deposit bonuses provide an excellent opportunity to increase your bankroll without additional risk. By utilizing these promotions, you can double your initial investment, significantly enhancing your playing potential and improving your chances of making profitable plays.

Ready to enhance your pick’em experience? Sign up for a FREE 7-day trial at Oddsjam and gain access to valuable tools such as the parlay builder, positive EV tool, and Bet Tracker. Start making smarter betting decisions today!