oddsjam.com/subscribe: sharp, profitable betting tools. Track your profit over a large enough sample size (say 250 wagers) of Positive EV bets and you'll be up! Try it out today! Join the OddsJam Community Discord: discord.com/invite/H4UbBHjBaY Email: alex@oddsjam.com
Unfortunately, I live in WA state that doesn't allow us to use any Online betting apps. Only the ones connected to the local tribal casinos. So if you like online betting, do not move to WA state!
Positive EV doesn't mean it will win? It's just priced better, than other markets? Correct? Maybe a prediction, pays better , and you certainly want that, however, the wager must win .if a team is 1 and 9, isn't the correct payout 1 placed should get 9? But if it gets 11 theoretically you have an advantage, but that's if you find that, and add all the variables? How, and who determines such an incredibly complex valuation? I appreciate your channel, and can't rap my head around this. I've been known to buy down lines, and add Longshot to parlay, in order to have less risk, and find it profitable. I always feel no matter the slight benefit of odds, that if it doesn't win, who cares what the line cost. Obviously you don't want to pay -300 for a likelihood of something that only happens 1 Iin 10 times. What am I missing here. Great show.
Hey there, thanks for watching. I guess the simple explanation would be as follows. These sports books literally stake their existence on the premise that they can accurately price these markets and by translation accurately predict the likelihood of outcomes. Because we have so many sports books, and thus so much data on each individual market, OddsJam is able to aggregate all this data and come up with what the price should be for any given market. We refer to it on the platform as the "no-vig odds." When there is a situation when one book has a price that is not in-line with the market consensus and that price favors the bettor, there is a mathematical advantage to betting it. You're right in saying that it is binary, in the sense, that a bet either wins or loses and there are so many variables in the determination of that outcome, but over the course of time (and volume of bets) taking bets that are outside of the market consensus will make you more profitable. It goes back to the law of large numbers. If you have a coin that is weighted 60% to come up heads, of course you, as the bettor, will bet heads...but there is still a 40% chance it comes up tails, so you would be crazy to bet a large percentage of your capital on one coin flip. However, over the course of 1,000 coin flips...or 10,000 coin flips, the math heavily swings in your favor. That, in a nutshell, is what we're doing with Positive EV Betting. Hope that answers some of your questions, but if you have more, feel free to reach our to contact@oddsjam.com. We'll be able to walk you through in more detail on how it works as well as give you a demonstration of the software. Thanks again!
oddsjam.com/subscribe: sharp, profitable betting tools. Track your profit over a large enough sample size (say 250 wagers) of Positive EV bets and you'll be up! Try it out today!
Join the OddsJam Community Discord: discord.com/invite/H4UbBHjBaY
Email: alex@oddsjam.com
Unfortunately, I live in WA state that doesn't allow us to use any Online betting apps. Only the ones connected to the local tribal casinos. So if you like online betting, do not move to WA state!
This is perfect for fliff here in Cali…much valued your content
Appreciate you! Be sure to join our discord if you haven't already. If you have any questions, email us contact@oddsjam.com
discord.gg/GCKyD4cgVe
Positive EV doesn't mean it will win? It's just priced better, than other markets? Correct? Maybe a prediction, pays better , and you certainly want that, however, the wager must win .if a team is 1 and 9, isn't the correct payout 1 placed should get 9? But if it gets 11 theoretically you have an advantage, but that's if you find that, and add all the variables? How, and who determines such an incredibly complex valuation? I appreciate your channel, and can't rap my head around this. I've been known to buy down lines, and add Longshot to parlay, in order to have less risk, and find it profitable. I always feel no matter the slight benefit of odds, that if it doesn't win, who cares what the line cost. Obviously you don't want to pay -300 for a likelihood of something that only happens 1 Iin 10 times. What am I missing here. Great show.
Hey there, thanks for watching.
I guess the simple explanation would be as follows. These sports books literally stake their existence on the premise that they can accurately price these markets and by translation accurately predict the likelihood of outcomes. Because we have so many sports books, and thus so much data on each individual market, OddsJam is able to aggregate all this data and come up with what the price should be for any given market. We refer to it on the platform as the "no-vig odds." When there is a situation when one book has a price that is not in-line with the market consensus and that price favors the bettor, there is a mathematical advantage to betting it. You're right in saying that it is binary, in the sense, that a bet either wins or loses and there are so many variables in the determination of that outcome, but over the course of time (and volume of bets) taking bets that are outside of the market consensus will make you more profitable.
It goes back to the law of large numbers. If you have a coin that is weighted 60% to come up heads, of course you, as the bettor, will bet heads...but there is still a 40% chance it comes up tails, so you would be crazy to bet a large percentage of your capital on one coin flip. However, over the course of 1,000 coin flips...or 10,000 coin flips, the math heavily swings in your favor. That, in a nutshell, is what we're doing with Positive EV Betting.
Hope that answers some of your questions, but if you have more, feel free to reach our to contact@oddsjam.com. We'll be able to walk you through in more detail on how it works as well as give you a demonstration of the software. Thanks again!
am i watching the same video? repeat
right on!!! Thank you Sir Alex, I needed this video.
LFG! Make sure you join our discord too bro! discord.gg/GCKyD4cgVe
@@OddsJam done!!! Thanks a lot for the lessons