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How to Use Positive Expected Value in Sports Betting to Make Money
OddsJam co-founder Alex Monahan shows you how he bets thousands of dollars on sports with a mathematical edge to profit in the long run.
Alex uses the OddsJam positive expected value betting tool to find bets with an edge over the sportsbooks based purely on market data.
This video includes a deep-dive into Positive expected value (+EV):
- Line shopping
- Beating closing line value
- Tracking profit margin
- And much, much more!
What is Positive Expected value in sports betting?
Said simply, positive EV are profitable bets that are weighted in your favor so you always win in the long run.
A positive expected value (or +EV) bet is a mathematically profitable bet. Our +EV formula compares odds against the sharpest sportsbook in the world to back out mathematical profit margin.
In other words, in real-time, we take a midpoint of the market on the sharpest sportsbook in the world and back out your expected profit margin.
As an example, imagine the sharpest bookmaker sets an NBA moneyline at -105/-105. The midpoint of this would be +100 odds for each team. If you are getting +106 odds on a different sportsbook, that bet is +EV, since you are getting better odds than the “fair,” midpoint odds of the sharpest sportsbook.
Learn how to use OddsJam as your path to becoming a winning sports bettor.
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