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The best bets and resources to make you more profitable

When I first started using OddsJam to bet on sports, which was September 2021, my bankroll was $500. My average bet size was roughly between $10-$25. In my literal first week of betting, I profited $289.

Naturally, because of that success, the next week I decided to increase the number of bets I placed. Same bet size, just more volume. The results? $510 in profit. During my third week of betting with OddsJam, I profited $684.

So, for those of you doing the math at home, **on a $500 bankroll, I profited $1,483 in three weeks of positive expected value (+EV) betting**. I had legitimately tripled my bankroll in only three weeks! Let’s break down the numbers, looking at daily profits:

- Total Profit: $1,483
- Days Betting: 21
- Daily Profit: $70.62
- Daily ROI: $70.62 in daily profit / $500 bankroll = 14.12% ROI.

14%!!! That is insane in terms of daily ROI. So, what I decided to do was increase my bankroll from $500 to $750 after those three weeks. After more success, $750 to $1,000, and $1,000 to where it now currently sits at $10K.

So, thanks to OddsJam, after just over a year of sports betting I was able to 20x my bankroll. With that said, of course, that 14% ROI was going to come down. Unfortunately, it is unrealistic to expect even a 10% daily return.

More realistically, when positive EV betting with OddsJam, the average user earns roughly 3%-5% ROI on a nightly basis. It is hard to fully capture how profitable that is over the course of time, so let me detail this concept, using only 2%, to really drive home the profitability of positive expected value betting, and how you can use that daily profit to increase your bankroll as you are going.

Profiting 2% on a daily basis means that you are profiting 60% over the course of a month (using 30 days in a month).

- 2% profit * 30 days = 60%

Makes sense, right? So in terms of actual dollars profited, let’s back to my $500 bankroll, and use that as the base moving forward.

- $500 bankroll * 60% profit = $300 profit

The recommendation here (and something that I wish I did at first) is to **take your profit at the end of each month and add that to your existing bankroll**. This is the easiest way to decide how much to grow your bankroll on a monthly basis.

So, after just one month of betting, you have increased your bankroll from $500 to $800. Let’s see how month two looks.

- $800 bankroll * 60% profit = $480 in profit

Let’s round this down to $450 just to keep things in easy with round numbers.

So, if you add that $450 in profit you have now built your bankroll to $1,250. Keep in mind that your bankroll started at $500, so in just two months of +EV betting, you have already more than doubled your starting bankroll.

I’ll go one more month to drill this home.

- $1250 bankroll * 60% profit = $750 in profit

So, the final recap — after only three months of betting, your bankroll is now $2,000. You have legitimately quadrupled your bankroll after three months, or 90 days. The exciting part is that it only goes up from there. Keep this up for a year and you start to understand just how lucrative this can be.

Month | Starting Bankroll | Monthly Profit % | Monthly Profit | New Bankroll |
---|---|---|---|---|

1 | $500 | 60% | $300 | $800 |

2 | $800 | 60% | $450 | $1250 |

3 | $1250 | 60% | $750 | $2000 |

The table above neatly sums up the numbers involved in increasing your bankroll over time. Keep in mind that I used the low end of 2% daily returns, and a smaller bankroll of $500, so **the majority of users are actually more profitable than this**.

Another thing to keep in mind is that this is the average return. Some days you are going to profit over 2%, some days you are, unfortunately, going to be down. But, overall, your daily profits will average out to 2%, or 60% monthly. To learn more about variance, click here.

So, if you take this 60% in profit after each month and add that to your existing bankroll, and you have successfully increased your bankroll, all thanks to +EV betting! 🙂

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