No fluff, how I made $400,000 betting on sports part-time & why I write software for bettors
Published 2021-08-21
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Learn how to make money sports betting, no fluff. Alex (bio @ bottom) outlines key concepts to become a more profitable sports bettor, such as line shopping and identifying inefficiencies in sports markets in the US.
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Alex graduated from Stanford and previously worked as a quantitative trader on Wall Street. He's currently the cofounder of OddsJam.
Video description:
In this video, we discuss that sports betting is a financial market, just like the stock market. Odds are not static and are determined by supply & demand. As new information enters the sports betting ecosystem, odds change. As an example, if Kevin Durant gets injured, the Nets moneyline odds may move from -200 odds to -120 odds, as the Nets are less likely to win the game.
We next outline line shopping and the importance of having multiple sportsbook accounts. Since sportsbooks have different odds, set by independent models, you need multiple accounts to become a profitable sports bettor. As an example, if you are located in New Jersey, you have 15+ bookmakers to choose from; ideally, you have them all. Getting the best odds (e.g. +200 instead of +185) adds up to a lot of money in the long run, as the whole goal as a profitable sports bettor is to identify discrepancies in odds.
We next outline bookmaker limits. Sports betting is not scalable. That is why "professional sports betting" is a career path that attracts 0 smart, technical people. It's a career path where your earnings are capped. For that reason, you should never, never trust somebody who claims to be a "professional sports bettor."
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#SportsBetting #SportsBettingAdvice #SportsBettingTips #SportsBets
All Comments (21)
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This was a content unicorn: Intelligent man talks about sports betting intelligently. Easy sub, thanks for sharing!
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This was unbelievably valuable. I completely see the concept you are talking about when you relate finding an inefficient market to both stocks and sports. That's exactly what it is. It's finding an edge that you can profit on.
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Most people have 3 stripes on Adidas gear. He shopped around and found it for -2 stripes. What a legend
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earned a new sub within 3 minutes of the video. no bs no fluff plain and simple to the point I love it keep up the phenomenal work I'm about to binge your videos
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You are so humble and transparent with everything. Let's all hit the thumbs up for youtube algorithm. Great content brother. Keep up the great work. Cheers from Canada.
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Why can't you just write software that sends me an email of all your picks? There's no reason we can't all be rich right?
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This is powerful lesson for all who wants make sports betting. I lost a lott of money on sports betting until now, mostly because i never tok this advices seriously and its because i see sports betting as fun because i like sports, but not as one part of financial marked like its nicely explained here on this video...
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People don't get the simplest concept of probabilities and exploiting them. Good poker players do this. If you have to bet $10 to win a $110 pot and your hand has only a 10% chance to win, you'd make that bet every time. Yeah, you're going to lose 9 times out of 10, but that one win pays more than "90%". So keep doing it and you'll be profitable over time. Stop trying to win it all in one night. That's why I trade stock options!
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Great video. I love the no bullshit approach to sports betting. Can’t wait to see more. Thanks.
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First time ever I've heard anyone talk about limits and why certain ppl aren't necessarily full time successful sports bettors 👍
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Thank you, thank you for this informative and enlightening vid. New to the channel so this was first one I watched think I watched twice straight through rewind few times just make sure heard you clearly *can’t actually remember any YouTube watched straight through. I’m a forex trader & still in shock as so much info got from this so appreciate all the insight I’ve gained, and the just straight up no b.s. like wow I get we all in this to make $$$ but everybody trying sell you something, didn’t get that from this so thank you.
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Amazing info! The fact i live in Quebec, literally a 20 minute drive away from Ontario is really annoying as most of the Sportsbooks are not legal in Quebec:(
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You didnt lie there was no fluff, straight to the point
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I like that, Real Game No Edits (kinda). Keep up the good work.
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Math is math and you developed a way to identify mistakes in the math that make sportsbetting profitable. Very cool, very smart. You seem to be the first going public with this knowledge, at least on You Tube. I guess if one gets banned from using that knowledge why not? Now help others to become banned winning players makes a lot of sense to me, I would do that too. I'm thinking this opportunity won't last long, so anyone who is ready to jump in should not hesitate to get this service and pound the books for as much as you can before you are limited or banned. If you are in a new state to legalize sportsbetting, learn this stuff out before blowing the sign up promotions betting on your favorite teams or something equally stupid and not mathematically correct. Once more books open up in AZ I'm going to give it a shot.
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Impressed with what you've built man, you thought about harvesting data from the Australian book makers?
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Problem starts when the bookies start closing or limitating your account, i personally got two account cancelled (i could cash out), and my amounts weren't huge (we are talking) about 3-400 euros bets.
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Priceless information given simply. Much appreciated
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Dope software bro. Solving a problem, much success to you.
