For those who aren’t familiar, PrizePicks is a Daily Fantasy Sports (DFS) company that allows you to “parlay” player props into one single entry and the more player props you add, the higher the payout is.
If you haven’t signed up for PrizePicks, be sure to use promo code ‘ODDSJAM’ for a first deposit match up to $100.
The amazing thing about PrizePicks is that the payouts, per number of selections in an entry, is the exact same no matter what. Take a two-selection entry, for example, that comes out to +200 odds. It does not matter what picks you select, the payout will always be +200, which will double your money if they both hit.
What this means, though, is that if you find player props that are likely to hit, and combine them into PrizePicks entries, you can make some serious profits. I understand that the logic of “take plays that are likely to win!” sounds, you know, obvious, but keep in mind how different the payouts work between PrizePicks and regular operating sportsbooks. Let me explain.
How to Make Money on PrizePicks
As mentioned above, every single two selection entry in PrizePicks is going to have +200 odds, regardless of what two plays you add. This is obviously in stark contrast with how sportsbooks operate. As we all know, the sportsbooks are going to significantly price up the odds of plays that they think are likely to hit.
Take this screenshot above, for example, which is pulled from the OddsJam Screen. There are two reasons why both of these player props (Kyrie Irving over 22.5 points, Pascal Siakam over 23.5 points) are two awesome selections to add to a two-selection PrizePicks entry.
First of all, literally every other sportsbook prices the point total of these players one point higher! The remaining betting markets have Kyrie Irvings point total over/under at 23.5, and Pascal Siakam at 24.5. Getting these one point lower on PrizePicks already represents excellent value.
But, that’s not the only reason why both of these plays are good. Not only does every other sportsbook price the point total one point higher, but literally every other sportsbook favors the point total going over as well. If sportsbooks think one side of a bet is more likely to occur, they are going to make that side more expensive to buy, meaning higher odds.
Look at the over odds vs. the under odds for every other sportsbook (taking out Underdog, which is another DFS company). They all have higher odds towards the over! Higher odds = more likely to occur.
So, to summarize everything here, not only does every sportsbook think the point total of these two players should be higher than the number we got it at, but they also favor the point total going over. That is ridiculously profitable!