Welcome to our Sports Betting 101 tutorial, where we teach you the best way to make money on underdog fantasy. If you are looking to maximize your earnings on sports betting but are uncertain where to begin, you’re in the right place! We’ve got you covered from the basics to complex strategies, and we guarantee that we’ll provide you with all the necessary insights to succeed in betting on underdogs. Keep reading to learn everything you need to know about underdog betting and start profiting from it today!
Sports Betting 101 Tutorial: Learn the Best Way to Make Money on Underdog Fantasy
Are you looking to turn your bankroll around and become a profitable sports bettor? Look no further than Underdog Fantasy, one of the most incredible Daily Fantasy Sports (DFS) platforms available. In this tutorial, we’ll explore the best strategies for making money on Underdog Fantasy and how you can use the power of odds to your advantage. Plus, we’ll introduce you to OddsJam, a powerful tool that can help you find positive Expected Value (EV) plays for your Underdog Fantasy slips.
Understanding Underdog Fantasy
Underdog Fantasy is a DFS platform where you can build parlay slips by selecting whether specific players will perform over or under a given metric. Unlike other platforms, Underdog Fantasy doesn’t limit you to low-stakes picks. You have the flexibility to place higher volume bets, which is crucial for sharp bettors seeking profitability.
To maximize your chances of success, it’s important to understand the different types of slips you can build on Underdog Fantasy. The most profitable slips to focus on are the three-pick standard, four-pick insured, and five-pick standard or insured slips. These slips offer the best opportunities for profitability and will be the foundation of your parlay-building strategy.
The Profitability of Different Slip Sizes
But why are these slip sizes more profitable? Let’s dive into the numbers. In a spreadsheet created by Alex Monahan, the founder of OddsJam, we can explore the relationship between win percentage, odds, and profitability. By adjusting the win percentage, we can see how it impacts the odds and ultimately the return on investment (ROI) for different slip sizes.
For example, with a win percentage of 56% and odds of -127, a three-pick slip yields a profitable ROI of 5.3%. However, a two-pick slip with the same win percentage becomes unprofitable with an ROI of -5.92%. Similarly, a four-pick standard slip is not profitable, while a four-pick insured slip is.
This analysis clearly demonstrates the importance of focusing on three-pick standard, four-pick insured, and five-pick slips. By structuring your slips around these sizes, you can increase your chances of long-term profitability.
Harnessing the Power of OddsJam
To find the best plays for your slips, look no further than OddsJam. OddsJam offers a suite of powerful tools, including their Plus EV tool, which helps you identify positive EV plays. This tool enables you to make profitable bets over time by analyzing the implied odds and comparing them to the actual odds.
When using OddsJam’s Plus EV tool, you can search for plays specific to Underdog Fantasy. The tool provides valuable information, such as implied odds and no Vig odds. Implied odds are based on the payout structure of the slip, while no Vig odds remove the bookmaker’s commission to give you a clearer picture of the true odds.
Ideally, you want to focus on plays with no Vig odds higher than -120. This indicates that the play has a higher likelihood of hitting, providing you with an edge over the sportsbooks. By filling your slips with plays that have favorable odds, you can further increase your overall profitability.
FAQ
Q: How can I make money on Underdog Fantasy? A: To make money on Underdog Fantasy, focus on building three-pick standard, four-pick insured, and five-pick standard or insured slips. These slip sizes have been proven to be the most profitable.
Q: What is OddsJam? A: OddsJam is a powerful platform that provides tools and resources for sports bettors. Their Plus EV tool helps you find positive Expected Value plays, and they offer an Optimizer specifically designed for Underdog Fantasy and other DFS platforms.
Q: How do I use the OddsJam Plus EV tool for Underdog Fantasy? A: Use the Plus EV tool to search for positive EV plays on Underdog Fantasy. Look for plays with no Vig odds higher than -120 to maximize your chances of profitability.
Q: Can OddsJam help me find profitable plays on other DFS platforms? A: Yes, OddsJam offers an Optimizer that covers various DFS platforms, including Underdog Fantasy. You can use it to find profitable plays tailored to your preferred platform.
Q: Is there a free trial for OddsJam? A: Yes, OddsJam offers a free first month with a money-back guarantee. You can try their services risk-free and see how they can enhance your sports betting experience.
To start making profitable bets on Underdog Fantasy, join OddsJam today. Don’t miss out on this opportunity to boost your sports betting success!
For more information and tools to improve your sports betting skills, check out these links:
Remember, becoming a profitable sports bettor takes time and practice. Stay disciplined, do your research, and leverage the power of tools like OddsJam to gain an edge in the competitive world of sports betting. Good luck!
