In this sports betting video, we go over key concepts in sports betting and how you can use sports betting math to make money betting on sports.
Being a profitable sports bettor is less about how much you actually know about sports, and more about understanding the math behind sports betting.
How to Sports Bet Using Math:
Learn that the vig, also known as juice, is how sportsbooks make all their money. They don’t charge a transaction fee, instead they juice up the odds to ensure their profit.
In order to be a smart sports bettor, you need to remove the vig to understand what the no-vig, fair odds of the line is. A bet that sportsbook price at -110 each way, actually has the true line of +100.
Find out what Positive Expected Value is in sports betting and you are essentially betting with a weighted coin in your favor.