NFL Sharp Betting 101: Using Calculators. Kelly calculator, Arbitrage, EV, No Vig & More.

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In this video, we provide an instructional tutorial on how to use the sports betting calculators on OddsJam. Every sharp sports bettor is using these calculators in their daily betting game. You have probably learned by now how to use an arbitrage calculator and how to use the Kelly criterion betting calculator. In this video, we go through a few examples of how to use sports betting calculators in your everyday betting game. The goal of my videos is to help you make more money sports betting.

An arbing calculator shows you exactly how much to stake on both sides in order to guarantee yourself a risk-free return. A Kelly criterion calculator helps you manage your sports betting bankroll by showing you optimal bet size. An odds converter makes it easy to convert between decimal odds, American odds, and breakeven win percentage. If you are placing bets at +100 odds, as an example, you need to win 50% of your bets to breakeven.

We also discuss parlay calculators in sports betting. Parlays are very common for sports bettors, as well as in sportsbook promotions. Fanduel frequently offers a risk-free parlay bet on specific NFL games.

If you want to make money betting on sports, then you are doing yourself a disservice by not using OddsJam, and this video shows you how the product helps you profit every day in sports betting. You’ll make back the monthly cost of OddsJam during your first few days of betting.

Interested in our data? OddsJam powers multimillion-dollar initiatives, as well as small-scale web applications & research projects. Visit https://oddsjam.com/api to learn more.

Biography: My name is Matt Modi, and I come to you from Modi Sports Analytics. I got into the sports betting game in late 2019, but I use intuition and analytics to profit. Over the course of the NFL season last year, my bets went 85-40 with a +47 unit advantage. Including all sports, my total picks record is 251-181 with a +100 unit advantage.
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In this video, Matt details what exactly the vig is in sports betting, or what is juice in sports betting. This is a sports betting 101 concept that is important for all beginning sports bettors to understand. Before placing a bet, the most important thing a sports bettor can do is calculate the vig %, and the no-vig fair odds.

Matt is a mathematically profitable sports bettor who is located in Virginia. In this video he details one of his sports betting strategies of Positive Expected Value betting, and removing the vig from your bets.

Matt provides the sportsbook business model and how sportsbooks make money in this video. The way they do this is by charging a vig, or vigorish, also known as juice. Instead of charging users a transaction fee, they instead juice the odds and make their money that way.

Sportsbooks make money through the “juice” (also called “vig” or “house edge”). Backing out “fair” odds from these markets is the key to successful sports betting. You want to beat the “fair” implied odds from the OddsJam Perfect Line, which gets odds from the sharpest sportsbook in the world.

Beating the no-vig odds from sharp sportsbooks will mean that all of your sports bets have a higher probability of having positive closing line value, allowing you to consistently beat the sports betting market and make money in the long run.

This is the concept of Positive EV betting- calculating the true line of the sharpest book in the world, and placing bets with more favorable odds than that. This is how you can make money betting on sports.

Any questions? We recommend checking out our betting education hub of sports betting educational content here: https://oddsjam.com/betting-education

You can also reach out to us with any questions @ contact@oddsjam.com

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