Positive EV - OddsJamInsider

Positive EV Betting with Oddsjam

Admin — Fri, 12 Jan 2024 16:01:16 +0000

Sports betting is an exciting world filled with potential wins and thrilling strategies. For those looking to elevate their betting game, understanding and utilizing the Positive Expected Value (EV) betting tool on the OddsJam platform can be a game-changer. In this article, we delve into the ins and outs of this tool, offering practical tips and strategies to maximize your betting efficiency and profits.

What is Positive EV Betting?

Positive EV betting refers to placing bets where the potential reward outweighs the risk over time. It’s not about making a few random bets; it’s about a strategic approach that involves placing a high volume of well-thought-out bets. The success of this method lies in its ability to identify odds that offer a statistical advantage in the long run.

The Role of Volume in Sports Betting

A key aspect of successful sports betting is understanding the importance of volume. The more bets you place, the more opportunities you have to exploit favorable odds. This isn’t about one or two lucky strikes; it’s about consistent and strategic betting. Let’s consider an OddsJam user who made over $88,000 profit from 6,781 bets. This example underscores the significance of volume in achieving considerable profits.

How to Use the OddsJam Positive EV Tool

1. Select Your Location and Sportsbooks: OddsJam tailors its offerings based on your location. For instance, if you’re in Massachusetts, you select your state to see the available sportsbooks.

2. Set Your Preferences: You can use the recommended filters or set your own. A common strategy is to bet on outcomes with at least a 1.5% Positive EV.

3. Understanding EV: The tool helps identify bets where the odds are in your favor compared to the fair market value. For example, betting on an outcome with -106 odds when the fair value is -120 gives you a profitable edge.

4. Bankroll Management: Adjust your recommended bet size based on your bankroll. A balanced approach is advisable, neither too aggressive nor too conservative.

5. Choose Your Odds and Markets: You can customize your betting preferences, like betting on favorite odds within a specific range.

6. Analyze and Place Bets: OddsJam provides a straightforward interface showing where the odds discrepancies are, allowing you to make informed bets.

The Importance of Long-term Strategy

Remember, sports betting with Positive EV is a marathon, not a sprint. It’s about making money in the long run. As you place more bets, you’ll start to see your profits align with the statistical advantages you’re exploiting.

Conclusion

Using the OddsJam Positive EV tool smartly requires a blend of strategic volume betting, understanding the nuances of EV, and effective bankroll management. With these tips and strategies, you’re equipped to approach sports betting more analytically and profitably. Remember, patience and consistency are key to turning the odds in your favor. Happy betting!

FAQ: Understanding and Leveraging OddsJam Betting Tools

Welcome to our comprehensive FAQ section where we address common queries about Positive EV betting and other related topics. Additionally, we provide direct links to various OddsJam betting tools to enhance your betting experience.

How do you use positive EV?

Positive Expected Value (EV) betting involves identifying and placing bets where the odds offer a statistical advantage over time. Use the Positive EV Betting Tool to find bets with favorable odds. This tool compares odds across different sportsbooks and highlights those bets where the potential returns exceed the risk.

What does EVS mean betting?

EVS in betting stands for “Evens” or an even money bet. This is where the potential amount you can win is equal to the amount staked, typically represented as 1/1 in fractional odds or +100 in American odds.

What is a positive moneyline bet?

A positive moneyline bet is one where the team or player is considered an underdog. The odds are displayed with a plus sign (+) and indicate the amount you would win for every $100 wagered. For example, a +150 moneyline means you win $150 on a $100 bet.

What is positive expected value probability?

Positive expected value probability in betting suggests that over time, the bet will yield a profit. It’s calculated by assessing the probability of various outcomes and the odds offered by bookmakers. A bet with a positive EV indicates a value play.

Do positive EV bets work?

Yes, positive EV bets can work as they imply a mathematical edge over the bookmaker. However, it requires consistent betting on such odds over a long period to realize the statistical advantage.

How do you calculate positive EV?

Positive EV is calculated by multiplying the probability of winning by the amount you could win per bet and then subtracting the probability of losing multiplied by the amount lost per bet.

What is an example of positive EV?

An example of a positive EV bet could be betting on a coin toss at odds better than even money when the probability of each outcome is equal. If you find odds of +110 on heads in a fair coin toss, this represents a positive EV bet.

What is the sharpest sportsbook?

The sharpest sportsbook is one that consistently offers accurate lines and odds that reflect the true probability of sporting events. These sportsbooks are typically preferred by professional bettors for their efficiency and low margins.

Explore More with OddsJam Tools:

Arbitrage Betting Tool: Find risk-free betting opportunities by exploiting odds discrepancies between bookmakers.
FREE Parlay Builder: Create custom parlay bets to maximize potential returns.
Boosts Betting Tool: Identify enhanced odds and special offers from various bookmakers.
Free Bet Conversion Tool: Optimize the use of free bets for maximum profitability.
Low Hold Betting Tool: Discover bets with the lowest bookmaker advantage.
Middles Betting Tool: Find opportunities for a win-win situation in sports betting.

The post Positive EV Betting with Oddsjam first appeared on OddsJamInsider.

Sports Betting Strategy: Turning $20,000 into Gold in Just 4 Months

Admin — Fri, 15 Dec 2023 02:37:07 +0000

Hey sports fans! Today, we’re diving into a fascinating YouTube video that’s been making waves in the sports betting community. The video, titled “Sports Betting Strategy + $20,000 USD In 4 months” offers a deep dive into the world of sports betting, and I’m here to break it down for you in a way that’s easy to digest and understand.

The Essence of Positive EV Plays

The video kicks off with a focus on positive Expected Value (EV) plays. The host, Jordan, walks us through his early morning routine, emphasizing the importance of checking for value plays throughout the day. He highlights the significance of email notifications for those high-value plays, which can pop up at any moment.

One key takeaway is Jordan’s approach to analyzing player props and odds across various sportsbooks. He uses tools like the Kelly calculator to determine the edge he’s getting from specific odds. This methodical approach is crucial for anyone looking to make a profit in sports betting.

Get more betting insights on Juan’s Youtube channel

Finding the Value in Sports Betting

Jordan takes us through several examples, demonstrating how to spot value in different bets. He explains the concept of lining up odds against the sharpest sportsbooks, like Pinnacle, to find where the best value lies. This approach is about more than just picking winners; it’s about finding bets that offer a higher return than the average odds suggest.

One interesting segment is where Jordan breaks down a bet on the Akron vs. Buffalo game. He predicts the line movement and explains why getting in early at -110 is a great play. This kind of foresight is invaluable in sports betting.

The Role of Intuition and Experience

While numbers and calculations are a big part of Jordan’s strategy, he also stresses the importance of intuition and experience. He discusses how understanding the sport and the teams involved can guide you in making smarter bets. This blend of analytical and intuitive betting is what sets apart successful bettors.

The Reality of Sports Betting: It’s Not All Wins

Jordan is candid about the ups and downs of sports betting. He shares his experiences of both lucky breaks and tough losses, reminding viewers that betting is a game of probabilities. His transparency about the variance in sports betting is refreshing and offers a realistic view of what to expect.

The Big Picture: Maximizing Returns and Managing Bankroll

A crucial part of the video is the discussion on bankroll management and maximizing returns. Jordan talks about his unit size and how he adjusts his betting strategy based on his bankroll. This segment is particularly useful for anyone looking to treat sports betting as more than just a hobby.

The Future of Sports Betting: A Gold Rush

The video concludes with a broader look at the sports betting industry. The hosts discuss the evolving landscape, with more sportsbooks entering the market and the potential for increased opportunities. They liken it to a gold rush, emphasizing that now is a great time to get involved in sports betting.

Final Thoughts

This YouTube video offers a wealth of knowledge for both novice and experienced bettors. Jordan’s approach, combining analytical tools with his sports knowledge and intuition, provides a blueprint for successful sports betting. Remember, it’s not just about picking winners; it’s about finding value and managing your bankroll effectively.

So, whether you’re new to the game or looking to refine your strategy, there’s something in this video for everyone. Happy betting, and may the odds be ever in your favor!

The post Sports Betting Strategy: Turning $20,000 into Gold in Just 4 Months first appeared on OddsJamInsider.

Unpacking the Game-Changer in Sports Betting: Positive Expected Value (+EV)

Admin — Sat, 25 Nov 2023 01:56:41 +0000

Hey sports enthusiasts! Let’s dive into the world of sports betting and unravel the mystery of Positive Expected Value (+EV). It’s not just a buzzword; it’s a strategy that can turn the tables in your favor. So, buckle up as we decode this game-changer!

What’s Positive EV Betting All About?

Positive EV betting is like finding a hidden treasure in the vast ocean of sports betting. It’s about placing bets where the odds are in your favor, more than what the bookies predict. Think of it as having an edge over the house.

The Coin Flip Analogy: Understanding EV in Simple Terms

Let’s break it down with a coin flip. Imagine betting $100 on heads at -110 odds. Statistically, you’d expect heads half the time. But, with the odds stacked against you, you’d end up losing money in the long run. That’s negative EV.

Now, what if heads had a 60% chance of winning? Betting on heads now becomes a smart move. Over time, you’d see more wins than losses, putting money in your pocket. That’s Positive EV in action!

Calculating the Magic Number: The EV Formula

To figure out if a bet has Positive EV, use this formula: Expected Value = (Winning Probability % * Profit if Won) – (Losing Probability % * Stake)

If you get a positive number, you’re looking at a bet that should pay off over time.

The Role of Vig in EV

Remember, bookies charge a vig (or juice) on bets. This affects the odds and, consequently, the EV. To get a true sense of a bet’s value, calculate EV using ‘fair odds’ or ‘no-vig odds’.

Strategies for Positive EV Betting

Market Width Matters: Check the difference in betting lines. A smaller market width (like 15 cents) suggests more confidence in the lines. Stay away from markets with a width over 25 cents.
Player Props – Handle with Care: Player props are tricky. They have higher variance, so only bet on those with at least a 5% Positive EV. And remember, betting heavily on player props might get you limited by sportsbooks.
Timing is Key: Bet closer to the game time. This ensures you’re betting with the most current information and odds.

The Bottom Line

Positive EV isn’t about winning every bet. It’s about playing the long game, where your wins outweigh your losses over time. It’s a blend of math, strategy, and a bit of luck.

So, sports fans, next time you’re placing your bets, think about Positive EV. It could be the difference between cheering at the finish line or walking away empty-handed.

Dive deeper into Positive EV betting and sharpen your strategy with this comprehensive guide: What is Positive Expected Value in Sports Betting? How to Calculate Expected Value in Betting

The post Unpacking the Game-Changer in Sports Betting: Positive Expected Value (+EV) first appeared on OddsJamInsider.

Unlocking Positive Expected Value in Sports Betting: Your Path to Profit

Admin — Tue, 26 Sep 2023 01:04:42 +0000

If you’re ready to take your sports betting game to the next level, you’ve come to the right place. I’m Alex, a math and computer science graduate from Stanford, and I’m here to demystify the concept of Positive Expected Value (EV) betting. It’s the secret sauce that can turn your bets into a profitable “hedge fund” of mathematically sound wagers. Let’s dive right in!

What is Positive Expected Value (EV) Betting?

Imagine a weighted coin that’s more likely to land on heads (53%) than tails (47%). When you flip it once, it could still land on tails, but if you flip it thousands of times, it’s almost certain to favor heads more. Positive EV betting operates on a similar principle. Here’s how it works:

➤ Comparing Odds: Different sportsbooks offer varying odds for the same event. By comparing these odds, you can spot market inefficiencies, also known as positive EV bets.

➤ Long-Term Profit: While not every single bet will win, over the long run, you’ll come out on top because you have the edge—the profit margin over the sportsbook.

Using Odds Jam: Your Key to Profitable Betting

At Odds Jam, we provide you with the tools and insights to find those lucrative positive EV bets. Here’s how to get started:

Percent Column: Look for bets with a high percentage in the profit margin column. This percentage represents your potential profit.
Bolded Bets: The bets you want to focus on will be bolded and encircled on Odds Jam. These are your golden opportunities.
Quick Navigation: You need to know how to navigate sportsbooks efficiently. Find the game, the type of bet, and the player quickly.
Real-Time Odds: Keep in mind that odds can change rapidly. Be ready to place your bets as soon as you spot a favorable opportunity.

A Real-Life Example

Let’s walk through a real example using Odds Jam:

We found a bet with an 8.65% profit margin on Christian Walker getting over one and a half player bases. A $100 bet would yield an $8.65 profit.
However, odds can change quickly. By the time we navigate to the game and player on Fanduel, the profit margin might drop. In this case, we found another opportunity with Josh Rojas at plus 145 odds.
It’s all about finding uncorrelated bets with positive EV. You might bet less on one and more on another, but collectively, they form a profitable portfolio.

Your Own Hedge Fund of Bets

By consistently identifying and placing positive EV bets, you’re essentially creating your own hedge fund of mathematically sound sports wagers. The more positive EV bets you make, the more you’ll see your profits grow over time.

Start Your Journey with Odds Jam

Ready to dive into the world of positive EV betting? Start your FREE 7-day trial with Odds Jam today and unlock the potential for consistent sports betting profits. Our dedicated team of data analysts and sports betting experts is here to guide you every step of the way.

FAQ

Q1: How can I turn a profit using Odds Jam? A1: The key is to identify positive EV bets with a high profit margin percentage. These bets are your ticket to consistent profits.

Q2: Why is quick navigation important in sports betting? A2: Odds can change rapidly, so being able to find and place your bets efficiently is crucial to secure the best odds.

Q3: Can I bet on multiple positive EV bets at once? A3: Absolutely! In fact, diversifying your bets with multiple positive EV opportunities can help spread your risk and maximize your profits.

Q4: How does the Odds Jam Bet Tracker work? A4: The Bet Tracker keeps tabs on your bets, showing you your profit and loss as a sports bettor. It’s a handy tool to stay organized and monitor your success.

Remember, sports betting is a volume game, and with Odds Jam, you’re armed with the tools and knowledge to make informed, profitable decisions. Start your journey to consistent sports betting success today!

The post Unlocking Positive Expected Value in Sports Betting: Your Path to Profit first appeared on OddsJamInsider.

Unleash the Power of Positive Expected Value Betting with OddsJam

Admin — Thu, 13 Jul 2023 03:38:36 +0000

Unleash the Power of Positive Expected Value Betting with OddsJam

Are you tired of losing your sports bets? Do you wish there was a way to ensure you always win in the long run? Well, your wish has just come true with OddsJam’s Positive EV Betting Tool. This revolutionary tool identifies mathematically profitable sports betting opportunities across 100+ of the most popular sportsbooks for all major sports!

What is Positive EV Betting?

Positive Expected Value (+EV) betting means that you’ll be placing bets that have a larger chance of winning than is implied by the sportsbook odds. This gives you a mathematical edge over a particular sportsbook, ensuring that all your wagers will have positive expected value. This means that even though you might experience downswings, it is mathematically guaranteed that you will profit in the long run.

How Does OddsJam’s Positive EV Betting Tool Work?

OddsJam calculates expected profit margin by using odds from the sharpest sportsbook in the world to back out an estimate of “fair value,” also referred to as the “true odds.” This allows the tool to find profitable bets where you have a mathematical edge.

Why Choose OddsJam?

OddsJam’s Positive EV Plan is the only offering with a live data feed to both regulated and sharp sportsbooks. It boasts the fastest updating odds, so you can catch sharp action line movements before anyone else.

Moreover, the more sportsbooks you have at your disposal, the more arbitrage and +EV bets you can make. So, whether you’re starting with a single sportsbook account or you have multiple, OddsJam is designed to maximize your profits.

Start Your Journey Today

Ready to start earning with Positive EV? Start your 7-day FREE trial with OddsJam today and experience the power of Positive EV Betting. Remember, there’s no commitment, and you can cancel anytime. Plus, there’s a 30-day money-back guarantee. So, what are you waiting for?

Join the winning team today and let OddsJam guide you to profitable sports betting!

Frequently Asked Questions

1. What is Positive EV Betting?
Positive Expected Value (+EV) betting means that you’ll be placing bets that have a larger chance of winning than is implied by the sportsbook odds. This gives you a mathematical edge over a particular sportsbook.

2. How does OddsJam’s Positive EV Betting Tool work?
OddsJam calculates expected profit margin by using odds from the sharpest sportsbook in the world to back out an estimate of “fair value,” also referred to as the “true odds.” This allows the tool to find profitable bets where you have a mathematical edge.

3. Can I start with a single sportsbook account?
Yes, you can start with a single sportsbook account which makes it quick to get started, but OddsJam recommends you get as many sportsbooks as you possibly can. The more sportsbooks you have at your disposal, the more arbitrage and +EV bets you can make.

4. How can I start with OddsJam?
You can start by signing up for a 7-day FREE trial with OddsJam. There’s no commitment, and you can cancel anytime. Plus, there’s a 30-day money-back guarantee.

The post Unleash the Power of Positive Expected Value Betting with OddsJam first appeared on OddsJamInsider.

Betting Thousands on Sports: Mathematically Profitable Results Revealed

Admin — Sat, 28 Aug 2021 01:41:20 +0000

Discover the secrets of mathematically profitable sports betting in our latest blog post. If you’re a sports enthusiast and wondering how to make the most out of your betting, then this is the article for you. We’ll reveal proven strategies that have helped bettors earn thousands of dollars in profits. So, dive in and learn how to turn your passion into a lucrative opportunity.

Betting Thousands on Sports: Mathematically Profitable Results Revealed

Are you someone who loves sports and betting? Are you tired of losing money on bets that never seem to pay off? Look no further than OddsJam, the all-in-one betting platform that offers a variety of betting tools, sign-up bonuses, and profitable strategies to help you succeed.

Introduction

Betting on sports can be a high-risk, high-reward activity. The thrill of the game combined with the opportunity to win big can be irresistible. However, without proper knowledge and tools, it can also lead to significant losses. That’s where OddsJam comes in, providing sports bettors with a range of valuable resources to help them make mathematically profitable bets.

Understanding the Value of Sports Betting

One of the key aspects of sports betting is understanding the value behind different odds. Let’s take a look at the positive Expected Value (EV) page on Oddsjam, a powerful platform for sports betting analysis. Pinnacle Sportsbook, known for its sharp odds, offers +315 odds for the Mets vs. Nationals game tonight. In contrast, DraftKings provides +375 odds for over 12.5 runs. By calculating the expected value, we find that DraftKings offers a 9.07% profit margin for this bet.

Placing Mathematically Profitable Bets

To illustrate the process, let’s place our first bet on DraftKings. We quickly navigate to the MLB section, considering the time sensitivity of odds movements. We locate the over 12.5 runs bet with +375 odds and proceed to place a $1,000 wager. By utilizing Oddsjam, we ensure that we are capturing the maximum value in our bets.

Maximizing Profits with Odds Comparison

Oddsjam provides a comprehensive platform for line shopping, allowing us to compare odds across multiple sportsbooks. By setting preferences and filters, we can identify the best possible bets based on favorable odds. For instance, we can turn on player props and discover Mitch Garver’s +380 odds to hit a home run on FanDuel, presenting a substantial Expected Value (EV) opportunity.

Tracking Bets and Expected Profit

Tracking bets and calculating the expected profit is crucial for long-term success in sports betting. By diligently monitoring our bets, we can assess our performance and make informed decisions. Let’s analyze the bets we placed earlier and review their expected profit margins. For example, our over 12.5 runs bet on DraftKings had an EV of 9.07%, which translates to an expected profit of $91 over the long run.

Exploring Additional Betting Opportunities

Oddsjam’s powerful tools enable us to identify more profitable betting opportunities. We can filter and sort through various markets, ensuring that we are always getting the best possible odds. By regularly refreshing the page and staying updated, we increase our chances of finding favorable bets. This systematic approach, combined with effective line shopping, significantly enhances our potential for profit.

Frequently Asked Questions (FAQs)

Q: What is Oddsjam? A: Oddsjam is a comprehensive platform that provides sports bettors with tools and analysis to identify profitable betting opportunities. It offers features such as the plus EV page, parlay builder, and positive EV tool.

Q: How can I use Oddsjam to improve my sports betting strategy? A: Oddsjam allows you to compare odds from different sportsbooks, helping you find the best value for your bets. By utilizing their tools and staying updated on odds movements, you can maximize your potential profits.

Q: Is sports betting profitable in the long run? A: Sports betting can be profitable in the long run if you consistently find value bets and utilize effective bankroll management strategies. By leveraging platforms like Oddsjam and practicing disciplined betting, you can improve your chances of long-term success.

Q: How important is it to track bets and expected profit? A: Tracking your bets and expected profit is essential for evaluating your betting strategy’s effectiveness. It allows you to analyze your performance, identify strengths and weaknesses, and make data-driven decisions to improve your overall profitability.

Q: Can I rely on Oddsjam to consistently find profitable bets? A: Oddsjam provides valuable tools and analysis to identify profitable betting opportunities. However, it is crucial to perform your due diligence and consider other factors such as team performance, injuries, and other relevant information before placing bets.

If you’re interested in exploring the world of mathematically profitable sports betting, I encourage you to visit Oddsjam. Their platform offers a wide range of tools and resources to enhance your sports betting experience.

The post Betting Thousands on Sports: Mathematically Profitable Results Revealed first appeared on OddsJamInsider.