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In this video, we discuss the key concepts for identifying sports betting opportunities and value odds. The concepts discussed include no vig fair odds, closing line value (CLV), expected value and line shopping. No vig fair odds are derived from sharp sportsbooks, such as Pinnacle and BookMaker. Implementing a mathematical sports betting strategy will enable you to make more money as a sports bettor in the US or Canada.
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Video description:
Alex is a former quant trader on Wall Street, and he graduated from Stanford in math and computer science. In this video, he outlines the basics behind coming a sharp sports bettor. First, you need to know which sportsbooks are the “sharpest.” Pinnacle sportsbook is known for being one of the sharpest books in the world; they even call themselves arbitrage friendly! BookMaker is another sportsbook that is known for having low vig and being extremely sharp.
We use BookMaker and Pinnacle to derive fair, no vig win probabilities for particular wagers. With these win probabilities, we can calculate the expected value of our wager. We should only be placing wagers on odds with positive expected value. Many sharps use the kelly criterion in sports betting to determine their optimal bet size.
Arbitrage is a beginner sports betting strategy. It involves generating risk-free returns in sports betting to grow your bankroll.
About Alex:
LinkedIn: https://www.linkedin.com/in/alexander-monahan-31a48b183
Twitter: @AlexMonahan100
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How do you know who the sharpest sports book is to use as a baseline? I want to bet esports but I don't know who the sharp is. Sucks OddsJam doesn't do esports.
Boss I love this
Love to learn more on that form you sir
Pinnacle is so good that even Vegas looks at their odds as a guide. I miss the days where they accepted US players.
I clicked on your blog for this subject just as this video popped up on my YouTube TL so I guess I should really subscribe to you 😆
What do you recommend for unit size on accounts with 1,000 dollars in them using this formula.
Nice
What would you suggest a good amount to have at each sports book?
So I have 1k invested in Betus…they gave me a 1k bonus with a 20k rollover…..I have been betting for about 6 months and my rollover is now 17600….even thou I bet over 9k in bets….their rollover requirements are ridiculous….seems I cant ever get a payout until i play the 17600…in rollovers..
It seems I have been scammed out of 1k…since the rollover is so high..
What do you think? Is this a normal rollover for a 1k bonus?
Thank You 👊🏼🤙🏼