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The Sports Betting Tools that Have Made Me $235,000 Profit in 2024 (Step by Step Betting Tutorial)
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The Sports Betting Tools that Have Made Me $235,000 Profit in 2024 (Step by Step Betting Tutorial)

How to Maximize Your Sports Betting Profits

Introduction to Betting Process

  • Alex introduces his betting process, highlighting a profit of over $235,000 from more than 7,500 bets this year.
  • Emphasizes the importance of using multiple sportsbooks due to the fragmented and inefficient nature of the sports betting market in the US.

Strategies for Successful Betting

  • Discusses various betting strategies including higher risk and lower risk options, as well as traditional sportsbooks versus fantasy sites with fixed payouts.
  • Stresses that all bets are data-driven rather than based on gut feelings; mentions proven strategies like Arbitrage and positive EV (expected value).

Volume of Bets

  • No perfect number of daily bets exists; instead, bettors should place as many profitable bets as possible when they have an edge.
  • Highlights seasonal variations in betting opportunities across different sports throughout the year.

The Importance of Tracking Bets

  • Introduces Pickett, a verified bet tracker that helps users sync their sportsbooks and analyze profits by sport or league.
  • Encourages tracking results to build confidence in increasing unit sizes based on positive ROI over time.

Arbitrage Betting Explained

  • Defines Arbitrage betting as taking advantage of discrepancies between odds offered by different sportsbooks for guaranteed profits.
  • Shares personal experience starting with Arbitrage betting and emphasizes its low-risk nature if executed correctly.

Finding Arbitrage Opportunities

  • Explains how different odds set by various sportsbooks create opportunities for hedging bets against each other for risk-free profits.
  • Demonstrates using Odds Jam's Arbitrage tool to identify profitable hedging opportunities quickly.

Practical Example of Arbitrage Betting

  • Walkthrough example comparing odds from Betfair and Circa sportsbook showing how to hedge effectively for guaranteed profit.
  • Utilizes an arbitrage calculator to determine optimal bet sizes on both sides for maximum profit while minimizing risk.

Middle Betting Strategy Overview

  • Introduces middle betting as another strategy where discrepancies in lines allow bettors to win both sides under certain conditions.

Example of Middle Betting

  • Provides an example involving DJ's passing yards where two books have differing lines allowing potential wins on both outcomes if within a specific range.

How to Utilize Odds Jam for Sports Betting

Middle Betting Strategy

  • The concept of middle betting is introduced, highlighting that sometimes there are better middle bets available than others. A tool refresh can reveal these opportunities.
  • An example with De'Aaron Fox's points illustrates how to use a hedge calculator to place bets on different sportsbooks, potentially leading to a profit regardless of the outcome.

Sportsbook Screen Overview

  • The Sportsbook screen provides a grid view of various markets, allowing users to explore player points and first-half points across multiple sportsbooks.
  • Line movements are color-coded (green for improvements and red for declines), making it easier to identify favorable odds.

Game Pages and Bet Tracking

  • Odds Jam offers game pages that display where the best possible odds are located for specific games, such as Miami Ohio vs. Bowling Green.
  • A bet tracker feature allows users to monitor their profit and loss from placed bets, although the speaker mentions they do not frequently use this tool.

Positive Expected Value Tool

  • The positive expected value (EV) tool scans millions of odds across sportsbooks, identifying discrepancies that indicate profitable betting opportunities.
  • An example involving Saquon Barkley's under shows how comparing lines from different sportsbooks can reveal value in betting at -103 on Caesars compared to higher lines elsewhere.

Understanding Market Dynamics

  • Sportsbooks adjust their odds based on various factors including market demand and sharp action; understanding this helps bettors find value.
  • Arbitrage opportunities arise when discrepancies exist between sportsbook lines, allowing bettors to secure risk-free profits by placing opposing bets.

Using Odds Jam with Fantasy Books

  • The speaker discusses using Odds Jam tools specifically for fantasy books like Underdog Fantasy and Prize Picks, which operate differently than traditional sportsbooks.
  • Fantasy books require parlay entries with at least two picks; thus, utilizing the positive EV tool can help maximize profits in these environments.

Optimizing Bets Across Platforms

  • It's crucial to understand payout differences between platforms like Underdog Fantasy (6X payout for three-pick entries) versus Prize Picks (5X payout).
  • The Odds Jam promo converter is highlighted as a valuable tool for maximizing profits through promotional offers from various sportsbooks.

Turn Your Bet into Risk-Free Profit

Understanding the Betting Strategy

  • The strategy involves betting on a long shot, such as a hockey player to score a goal at +650 odds, while hedging with a bet against that outcome on another platform like FanDuel.
  • Utilizing promotions from sportsbooks can enhance profitability; for instance, using Caesars' risk-free bet promo allows you to hedge your bets effectively.
  • A practical example includes betting on an underdog in college basketball (Memphis) while simultaneously betting on a favorite (Yukon) to ensure profit regardless of the outcome.
  • Odds Jam provides tools to convert various sportsbook promotions into risk-free profits by analyzing different types of bets and bonuses available across platforms.
  • The tutorial emphasizes understanding how to maximize sign-up bonuses and utilize calculators for determining the best lines and hedging strategies between sportsbooks.
Video description

Instagram: instagram.com/alexmonahan/ Twitch: https://www.twitch.tv/alexmonahan100 Twitter: https://x.com/AlexMonahan100 Visit OddsJam (promo code "ALEXM_YT" for 25% off first month): https://oddsjam.com/subscribe Email me with questions (comment too!): amonahan@alumni.stanford.edu In this sports betting tutorial, I explain the tools that I use to make money. I use a variety of sportsbooks, such as DraftKings & BetMGM. I explain the importance of using multiple bookmakers, as all sportsbooks set their own odds & lines. I use the Pikkit sports verified bet tracker. Pikkit syncs with major sportsbooks like FanDuel, DraftKings & PrizePicks. It shows you profit & loss, as well as a variety of other analytics, such as closing line value (CLV). I also use basically every tool on the OddsJam sports betting software. OddsJam has NBA, NFL odds from every major sportsbook, including Caesars, Dabble, Betr Picks & DraftKings. OddsJam updates odds in real-time to point out value in the market. I explain arbitrage betting first. I give a walkthrough of the OddsJam sports betting software & how to use the Arbitrage Tool. I started sports betting with arbitrage. When 2 sportsbooks get SUPER out of sync, you can "day trade" them and bet equal & opposite outcomes to guarantee a risk-free profit. That's arbitrage betting. Arbitrage is a risk-free betting strategy. You are hedging your bets for a risk-free profit. It's a sharp, data-driven sports betting strategy that WORKS & prints profits long-term. Arbitrage betting is an amazing side hustle. Once you learn & understand arbitrage in this sports betting tutorial, you'll be able to implement it! Arbitrage betting is super simple. You're just placing 2 bets & hedging for a guaranteed profit. We then go through middle betting, or middling. I explain the importance of using MULTIPLE bookmakers as an arbitrage & middle bettor. We never know which sportsbooks are going to have the most profitable bets on a given day. That's why more = better. We then go through the OddsJam Odds Screen & bet tracker. Again, I tracked most of my bets on Pikkit Sports. Pikkit integrates with every major sportsbook, such as FanDuel & DraftKings. I also show the OddsJam game pages which are critical to line shopping. Line shopping in sports betting just means ensuring that you're getting the best possible odds on all of your bets - line shopping is the FIRST step to being a profitable bettor. I then explain the OddsJam Positive EV Tool. I go through my filters on the OddsJam sports betting software. I set minimum odds around -175 and maximum odds at about +175. The OddsJam sports betting software works for EVERY major sport, including NFL, NBA & MLB betting. We go through no vig odds & other critical sports betting formulas. I explain the math behind sports betting & how to make money long-term. The goal of this tutorial video is to go through betting strategies that work and are proven to win. Some sports betting strategies have higher variance than others. For example, Positive EV betting is A LOT higher variance than arbitrage betting. Again, arbitrage is a risk-free betting strategy. If you're doing it correctly, you'll win every time. It's like investing in stocks vs bonds. Positive EV betting is higher risk, higher reward. I then go through DFS pick 'em books like PrizePicks, Underdog Fantasy, Dabble & Betr. Those are the 4 main fantasy books I use. I give a brief tutorial on how to use fantasy books like PrizePicks. I explain how DFS pick 'em sites are different from traditional sportsbooks like FanDuel, Caesars & DraftKings. Finally, we go through sports betting promos & bonuses. Most sportsbooks have lucrative deposit matches. Many of these deposit bonuses can be converted into risk-free cash by hedging. The OddsJam sports betting software shows you how to convert your sports betting bonuses & bonus bets into risk-free profit. Sports betting can be an amazing side hustle. Arbitrage, middle betting & promo conversion have made HUNDREDS of thousands of dollars over the past few years. #sportsbetting #draftkings #prizepicks