Arbitrage Sports Betting 101 | Beginner Tutorial (with OddsJam Software)

in this course I'm going to be teaching you everything you need to know to get started with profitable betting strategies with software if you're looking to make a bit of money on the side through Arbitrage risk-free betting or to do a bit more complex strategies like most of the EV betting or if you just want to see what the process is like and how the software works for assisting you when it comes to profitable betting strategies then this is for you people often think that sports betting is either like gambling or very risky and you

can't make much money but really that's not true if you have a mathematically proven strategy and well yes there is a small learning curve at the beginning once you get the hang of it which should be hopefully pretty quick by the end of this lesson then all you really need to do after that is just press some buttons and it will help you make money so today I'll do a full run through of what you need to know from start to finish and basically Hold Your Hand all the way through with real-time examples and actual

bits so you can get past the initial learning curve and be able to know how to do everything yourselves so let's get into it today we'll be using oddsjam to learn Arbitrage positive EV editing I have videos on the first two so watch those if you don't know what they are and then come back to this one so firstly what is oddsjam oddsjam is essentially like a software that the main benefit has is that it scrapes the odds from various Sports books so you don't need to do manual checks if you were to for example

go through a Sportsbook link for example sportsbet and then look for their odds um for every sport you need to go through manually and all the different markets that will take a very very long time so the main benefit of odds Jam is it scrapes all the odds for you and compiles it neatly into a software package that can actually be used to generate profitable bets and as for example we can see here the NBA lines we can see all the different sports books and where the best odds kind of are um you can also

go to their screen which shows more real-time odds across all the different sports books so it shows Sports books across all the ones here um that they have and gives you the best odd set this right now by itself the raw data isn't very useful but I'll show in a bit why how can use that information to make some profitable bets and if you go to oddsgams about us page what they say is they're a leading provider of Premium sports betting news and data and the founder of oddsjam is Alex um here and he worked

at Sig which is one of the leading proprietary trading firms and he worked as a quad Trader which is a background that is very useful for Arbitrage betting as it's similar Concepts they might do Arbitrage on stock markets whereas now ozjam does arbitrage and positive expected value trading on Sports markets so a very similar Concepts there so who can actually benefit from oddsjam well let's take a look at the locations they currently offer so it kind of depends on what sports books you have access to so right now they have sports books across the United

States across Canada across Europe and some other parts of the world like for me Australia and Mexico and you might be able to have access to some of these Sports books that they have if not it probably isn't the right software for you and you need to probably find the right software for your country so assuming that you are from one of these countries if you are in the US you can also look at their legalization tracker because not all states in the United States currently have regulated gambling and therefore it may not be allowed

for you to be able to play spits online but this is a Tracker of all the states that are legalized so for example if you're in New York or New Jersey um you can bet and you can bet online as well so to take a look at their plans um you can also do a free trial link is in the card here or also in the description and you can start your seven day bidding towards trial um or you can so that's the first betting tools this is the most basic plan that they have it

contains a few of the tools they have and if you have the markets that they have additionally they also have the screen which was what you just saw and I'll go into detail a bit later down the line which shows all the betting Market odds in real time side by side however the one I would probably recommend if you wanted to Arbitrage and positive Eve vetting is go to the betting tools tab after you click on start your free trial and the one you want to be looking at is the middle one the industry plan

so this has a few more features compared to the basic plus plan which is the positive EV betting and Arbitrage betting tools and these are the ones we generally will want to use and I'll demonstrate in a little while and you can see more detail about all the features down below when you compare the patterns the main ones we want are Arbitrage and positive EV betting some of the other tools are also helpful and I'll go over how they work in a little while and they also enable email notifications so you don't need to be

manually checking on channels or you can get them straight delivered to your email address so having a look at their plans they have weekly monthly and yearly options weekly is the most expensive per week monthly gives you a bit more of a discount and yearly gives you a even greater discount the one I would personally recommend is the monthly one as it's a bit cheaper than the weekly one um if you compare the monthly pricing and the yearly one is a little bit inflexible the monthly one gives you more flexibility in case you do need

to stop the subscription or like a few months later if your accounts are all restricted and there's no more bets that you're allowed to place because the Sports books aren't letting you post Bets with them anymore and it no longer becomes viable so I'll generally recommend the monthly plan and the industry plan is the one I am currently using and you also do have a seven day free trial period as well um to get a few of what the product is like and see if it can help you much or not so now assuming that

you've signed up or registered for the free trial and are now logged in once you get to the main screen it will be a welcome page and first thing you want to do is change your location so depending on which state you're in you might have access to different sports books or not have access to certain Sports books so you want to change that for me I'm in Australia and that is where I'll be setting my location to and that's very important as we'll see in a little while so now after you've changed your location

you'll see at the top there's Sports so the sports page shows you the odds for different sports and this by itself as I said isn't very useful but um there's also tools and this is the most important there's Arbitrage tools and also positive EV bits so so you need to adjust your filters at the moment say no Arbitrage but if I set it to the next seven days you can see there's a few Arbitrage bets in my area that I can go ahead and place one common misconception of Arbitrage bets is that it is not

very profitable as you're only making a few percent returns each time but um why it is so good is that it's risk-free and it compounds so a few percent might not sound like a lot compared to like stock markets but do remember stock market returns are over a period of a year these returns are over a period of one day or a few days and it compounds a lot more quickly so the returns are much greater in the long run so let's say even as two percent Arbitrage if I have 500 either side I make

twenty one dollars risk-free and if I place a few of these together that adds up to a few hundred dollars pretty quickly so one thing you'll see here is that there's many different sports books for example if you click if you hover over it will show what the sports book is called my bookie every game you need bet 365. Ladbrokes points bet and there's just a lot of different sports books that are available um depending on your location you might not have access to all of them or you might have access to different ones one

important thing is that it's very important to sign up to all the sports books that you can have access to because that will mean more opportunities as we can see if we only had access to unibet and Bet365 we wouldn't actually be able to place these few bets over here because we will need different sports books but um if you have access to other sports books then we can place more Arbitrage bets and positive expected value bets so one way you can find out which sports books you can sign up to is if you go

to resources and go to free bets at the moment in Australia it's quite limited but let's say I was in New York or anywhere else in the United States so then I can see I have a lot of other sports book options that they can recommend so what you can to who is actually to read the review of each of these spots so for example I go to FanDuel Sports review which is the most popular sports book in the United States um then you can have a read about which states that you can access fanjoin

whether it's in Canada and what sports they actually have on offer so for example you can see they have sports like here in Australia football and what you need to do to get signed up so some of them have some strict requirements like you need to have a Social Security number which means I personally cannot access Financial because I'm not in the United States I don't have a physical address there and I don't have a Social Security number and you can also check out what some other things about them are like like for example their

customer support and their mobile app which you can use to play specs on as well and they compare it to DraftKings which is the other biggest sports book in the United States and they also tell you what promotions they generally have which is a great source of value and good money and Arbitrage opportunities as well so some of the screenshots are here like an opt-in required if you place twenty dollars on a same game parlay you'll get a 10 bonus back in credits or there's insurance which is a four-legged parlay if you only one of

your legs loses then you get a refund of up to 25 dollars there's also a boost which improves the art for certain markets and you can get Arbitrage opportunities at those as well and they tell you whether you have to opt into their promotions or not or if you're automatically eligible or if you need to click opt-in to get access to those promotions so you can have a review of all the sports books by clicking on the review there's some first risk-free bet offers but if you click on the clean 200 or however much that

is depending on what the sport book is currently offering but you'll see what other sports hooks are available and what might not be available depending on what state you are in so it's very well built out for the United States at the moment not so much for Australia but you can review the sports books here if you're in the United States or Canada so now on to another important concept which is fair odds so if I were to for example go to the positive expected value tab we can see a lot of the odds that

they give us are from Pinnacle or oddsjam so effectively they're the same thing Pinnacle and odds gem line is effectively they're always going to be the same and you can see here in this column there's something called no big odds and something called with if you click on it it will tell you what it means essentially no big odds is the fair odds for an event after the Vic has been removed so firstly what is the Fig we can do that with an example so if we use Pinnacle which is the sharpest sports book that

a lot of Arbitrage betters use oddstream has three sharp sportsbooks that they can use to scrape good odds from and one is Pinnacle which we can see here the other two are Bovada and that online so how sharp sportsbooks work is the odds are a lot better than regular Sports books so if I take Pinnacle example which is a shop sports book and if I compare that to sportsbet if I go to the same game NBA game Celtics and Nuggets we can see Celtics is 1.85 compared to 1.81 and Nuggets is 2.06 compared to 2.04

so slightly better and 1.9 1.9 for the handicap compared to 1.93 and 1.97 so we get better odds on Pinnacle and that is pretty much not 100 the case but pretty much nearly always because the odds are better and that's what would make them sharp they're more accurate pricing so we can use these to determine the fair odds in the case where we don't have a betting exchange and we can do something called removing the Vic so firstly let me change this to American odds um just to be able to use the odds chat tool

so what is no big betting and how to calculate the novig odds actually if you don't want to read through this is sports books always take a little cut of from the ferrodes so if the ferrodes was 2 or plus 100 they're only going to offer you 1.9 or even in the case while Pinnacle like a sharp Sportsbook they're still only offering you 1.93 or 1.97 instead of two and that's the juice or The Vig that they keep so that's how Sports books make money they give you odds that are less than the fair odds

so an example of that is Boston Coatings versus Lakers and even line one person bets 110 on one team the other person bets one 10 on the other team and DraftKings the sports book will pay a hundred dollars profit to one person and collect 110 from the other person so they've just made a risk-free ten dollars profit and basically by giving you worse odds in the feroz that's how sportsbooks make money so novig is when we remove that juice so how to calculate that we can get the implied percentage down to 100 so for example

in this part for maybe the odds for a higher state is 180 and the other team is plus one five five and let's use the calculator so so if you go to calculators and you go to vid calculator it will tell you what The Vig is or what percentage profit the sports book is keeping for themselves so for the first bet we have it as minus 180. this means you have to bet a hundred and eighty dollars to win 100 in profit and the other one is plus one five five so one five five what

one five five means is if you bet a hundred dollars you'll get 155 in profit that's how American odds work and this will tell you the Fig is 3.5 this means roughly for about every 100 that people bet on these two teams assuming it's evenly split up um in terms of how strong the teams are then the sports book will keep three and a half percent of that profit so they'd make three dollars and fifty cents risk-free um so what this is saying is the two probabilities add up to 103 percent using these odds it

implies Ohio state has a 64.3 percent chance to win and the other team has a 39.2 percent chance domain if you add that up that's 103 which doesn't make sense because the sum of the probabilities should add up to one it's either one team wins or the other team wins assuming that a draw is not possible and that additional three percent is how much a sports book is keeping in profit so in the case for sportsbooks like uh Sports bet um that vig will be higher than The Vig for Pinnacle which is gives you better

odds closer to the fair rides so the Vic they have is less and we can use Pinnacles odds and if we remove that thing then we can get the fair rides so why Fair rides is useful is just think about it this way if you know the ferrides then all you need to do is find odds that are higher than the ferrides and that will give you a positive expected value of BET so now we can go ahead and calculate the no big odds using oddsjams tool and they have a calculator for that so if

you go to calculators and now I go to the novig ferods calculator we can enter in those odds again so we had that example is -180 and that other example was one five five so instead of a 64.3 chance removing The Vig it says there's a 62.1 chance for the first team to win and the 37.9 chance for the other team to win instead of a 39.2 and that gives the fair amount of negative 163.93 and plus 163.93 and these should always be opposite and equal in number so 163 negative 163 positive what that means

is someone has to bet 163 to gain 100 someone has to bet 100 to gain 163 and that should give the sports book no profit if that was the case so now we know these are the fair odds and how it works is it subtracts a proportion of the implied percentage so from 64.3 to 62.1 and the other one from 39.2 to 37.9 and make sure that the probabilities are up to 100 so it's removed two percent roughly from here remove 1.3 percent roughly from here and that's because this percentage is higher so it would

reduce in that same proportion uh it's not a perfect way of finding the ferods but it's pretty close um you do have to note though like it's not perfect and like it can be off by a few like 0.5 or something around those lines um but generally it is pretty accurate however one thing you have to note is the higher the wig is so if this was minus 200 and this was 120 [Music] um this Vig is quite high and we can find that out by going back to calculators big calculator minus 200 and 140

the figure is eight percent so the higher the wig the less accurate the novid calculator is because it's uncertain where exactly the feral should be it's not always in the middle it might be a little bit on each side of the middle and if this spread is very very wide you don't know where in between it should sit it might sit like right in the middle or a little bit to one side and if that split is wide that little bit that's off by could be very large so now we know a rough way of

how to find the Ferrone so we can find the ferrodes of Boston Celtics and done with another nugget skin so let me change this to American odds and we can see what the V is minus 117 and 106. so The Vig here is 2.46 which is pretty good pretty small now if you go to something like player props um for example our Horford three-point field goals over 1.5 and under 1.5 if we have one five two and minus two one three we can see that V is a lot larger so 7.73 and this means the

juice that the Sportsbook is taking in this case Pinnacle is quite high and it will be even higher for a regular Sports one so the videos last for Pinnacle and that's why if the Fig is less then it means the ferrods calculator using the Novi cat using the novig ferals calculator will be more accurate so we can calculate the ferrides for over and under 1.3 field goals by entering these two numbers two one three one five two it's saying the ferrode should be -171.49 now if you're not in the United States or you're not familiar

with American odds and you might use decimal or fractional odds instead what you can do is you can go to your account go to profile go to the overview and change the odds format so you can go to American odds you can change the decimal odds you can change to fractional or even probability decimal odds if I do that and save the changes then now when I go to the calculator for the big calculator if I want to find The Vig for sports bet I can enter in 1.82 as a just a decimal odds and

we can see the figure is 4.45 which is larger than what it was for this market for Pinnacle so Pinnacle has a smaller fig and allows us if we remove The Vig using that proportional reduction um then it's more accurate with Pinnacles odds so that's how we find the fair odds and you can have a practice with that across any two-way Market game so can't be like a soccer game where like there's a win draw Win um it has to be a two-way Market so this works for over 1.5 and under 1.5 because it can't

be exactly 1.5 as the number of three pointers has to be a whole number so it can only be this one or that one it can't be both and it can't be neither so that's how we can get the fair rides for each particular event across any two-way Market so on Instagram does also have other calculators like a basic Arbitrage and expected value calculator now that I've switched to decimal odds let's say for one side of the bit I find odds of 2.01 and the other side I find odds of 2.1 and if I want

to enter in a hundred dollars for my first bet then for the other bet I will about need to bet 95.71 to guarantee a risk-free profit of 5.29 it all calculates it for you and it's a 2.363 Arbitrage now this is a hypothetical example and this tool by itself is kind of made redundant and so is the expected value calculator tool because they have sorry the calculator they do have Arbitrage as a tool in itself um as you can see here they give you the percentage and if you enter in here it will be the

exact same thing for a real life example and it's the same for a positive EV but so it will give you the percentage and it will tell you how much to wager depending on your stake size so let's cover the Arbitrage tool first so it might say no Arbitrage you might need a refresh some nodes they might not actually be any or you might need to set the date range so I don't like to do next seven days you can also set a custom date range to let's say up to three days and that will

give you only ones up to the 3rd of January and that is because I don't want to be betting on things like two weeks later and having my money locked away for a long time so how do you filter for the right Arbitrage opportunities you can set the minimum percentage you might want that to be at least a one percent Arbitrage Sports books you can choose which sports books you have access to so if you don't have access to the global Sports books you can probably untick that if you do you can tick that for

me I'll untick that and you can also remove Sports books where you've been restricted on already so I might remove Ned's um and I might remove Palm bed and sports but for example you can choose a sport so generally I like to just keep things as it is and the league I like to keep as it is um now main Market Alternative Market and player prop I like to generally stick with main market and alternative markets for player props I want a higher percentage um Arbitrage because player prop bets are more likely to be seen

by the sports books are suspicious or like they know I think you're getting value and therefore might restrict you faster um maximum odds you can set as well if you want minimum odds or maximum odds but for now I'll just leave that as it is I can also go to settings and I can manage my filters so I can exclude these Sports books which I don't have access to for example bet online I can't actually access from Australia so I can add that in and that will mean it won't show me that online's odds for

possible Arbitrage opportunities so what you can do after you've set your filters you can choose to save your filter and for example I'll call this a test you can choose to get email alerts from this filter so if an Arbitrage opportunity pops up then it will come straight to your inbox so here if I want a minimum percent requirement of say a three percent Arbitrage right now there aren't any but if I go ahead and save that filter and get email alerts the instant they appear then I will see that and not have to check

myself manually and this is an important point is because why does arbitrage bets exist even in the first place um that is because it's a sports book mispricing so a sports book has made a kind of mistake in their odds they're not very accurate and another sports book has more accurate odds or odds in the opposite direction and if you combine those two together it will create an Arbitrage opportunity so one important thing about Arbitrage bets is they don't stick around forever the very good arbit charge opportunities for example the ones three percent and higher

they will disappear within a few minutes or even sometimes like 30 seconds of the bets appearing so what you need to do is be very very fast they're not there just for you to they're not free money just for you to take they will disappear if our charge bets always existed then that would be kind of too easy and that's why there's a conception that all Arbitrage bets don't actually exist um because that's just because they can't actually find any themselves either manually which is very very hard um unless you're creating synthetic arbitrages using promotional

offers but with software it is actually very possible to find Arbitrage opportunities and they generally appear right when sportsbooks post their odds so and sports book like uh fanjoy or Sports black might post their odds and at that time points but has already posted their odds and they're not in line with sports books odds and that's when Arbitrage exists now a few people will find that I'll try it and start betting on that once they start betting on that the spots we'll see is a lot of volume coming in on one side of the bit

and they'll adjust the odds until the Arbitrage no longer is exists so that's why Arbitrage bets are they're not rare they happen quite a lot but they don't last for a very very long time so you do have to be quick when you are getting on them and I'll demonstrate this with an example when one does pop up in my email so right now if I don't set a minimum percentage um so if I set that to zero we can see there are a few oh it was one of 1.52 and another a few that

have been here for a while less than one percent now these might exist for a little bit longer because um people who do Arbitrage building a lot they might not want this because it does lock your money away for at least another day and you're only getting eight uh 0.8 when you could be waiting for a bit of opportunity to come along so now I'll do a demonstration of a live Arbitrage bet so here I can see Buffalo Bills versus Cincinnati Bengals uh football game on Tuesday January the 3rd there's an Arbitrage of 1.39 between

unibet and bet365. now the reason why I don't bet on the first opportunity which is actually better is because Ladbrokes they've actually restricted me already and won't let me place any bits with them so what you want to do is go to both Sports books at the same time and find out how much to bet so I like to split it up into two screens so I have Bet365 and unibet on the other now I want to find this market so Buffalo Bills so it's this game and it's total points so I'm looking for alternative

total two-way and this is over and under 61.5 so on Bet365 I'm betting the under so under 61.5 which is odds of 1.28 um let me just check so it's 1.28.5 1.2857 actually if I bet 100 I'm getting one to eight point five seven which is correct um it's rounding up to 1.29 so and just go back to that yeah 1.286 now let's say I want about a hundred dollars then I need about 26.79 on unibet so I'm going to look for the same game so it's important for what I would charge you have to

place both bets almost simultaneously otherwise you won't actually be able to get an Arbitrage now I just got an email notification actually from oddjam so and I can see this one has popped up um and it was under test too so that was a 1.52 and it's between these two sports books so now going back to unibet I will search the same team Buffalo Bills and bangles and I want to go to the totals so I want to find 61. now this one's giving me odds of 4.58 for the overs which is correct so 4.8

and 1.286 so that's all correct now how much do you want to actually bet now if I enter in a hundred dollars on Bet365 I'll get 128.57 profit and I ended up at 26.79 on minibet to get the same payout now this guarantees me 1.79 now this is very very small um and you can size up a bit more so maybe 500 and 134 or 133.93 generally I like to round to the nearest full number so I might do 135 and just 504 uh 500. I like to stick with 500. and this one I might

do 135 um it will tell me to bet 133.93 but I'd bet 135 and now it nine dollars seems a bit more reasonable as a good profit so we can go ahead and bet that now you want to be placing your bets one right after the other in case the odds do change so have them both ready at the same time so this one I'm just going to do a hundred dollars on Bet365 and 26.79 on unibet and that's because one I only have 38.57 on my account and uh basically they were restricted me saying

I can't bet too large some so um I'm only going to do a small bet as an example so firstly I want to do two beds at the same time now I'll go ahead and place this bit now that is placed now almost instantaneously I want to go to the other one and place that bit of 35 so oh sorry not 35 it was 27. so I just round up to the nearest number um now let's go ahead and place that bet check it's the correct thing over and that one was under improve and see

it says my stake is too high so that's something you've got to be careful of and this is not a pure Arbitrage because there's that risk of your Stakes on one side not being allowed through so this wouldn't really happen at the start if you're just starting off as long as your size reasonable amounts so as long as you're not doing things like betting two thousand and five hundred on the other side to get like thirty five dollars profit which is a bit too much anything like 500 or less should be okay generally at the

start so they would normally allow you on for that but unibet is not happy with me so they're only going to allow me to about 7.74 cents so I'll go ahead and place that bet now the good thing why I placed the Bet365 bet first is because I know Bet365 has a feature where I can cash out for the original amount that I bet or I can cash out for that so if I go for that and I can do a partial cash out so I'll do cash out and amount now normally Sports books won't

let you to do this but but 365 is actually one of the good ones that allows you to do this which is really really nice um so now I need to readjust my dollar amount so here I've got 7.74 cents that means on Bet365 I want to be betting 28.90 so go to 28 I want to cash out uh 100 minus that so I want to cash out 71 .1 so that will leave me with 28.90 left so done so my remaining stake is 28.9 I can make 37.15 and you can see it's gone back

into my account so this way I've guaranteed a profit of 52 cents now it's pretty much nothing and generally I wouldn't do this bit but I'm just doing it as an example and that's because unibet is actually my account has been restricted and the only not only that's tiny tiny amounts so but just to demonstrate this I will try to that's kind of how it would work and one other thing you've got to be careful of is for the over 61 under 61 you have to know what happens if it is exactly 61. now I

I do know this and I didn't have to check this but you would have to read their terms and conditions to be on the safe side but if it is exactly 61 your stake would just get refunded on both sides and that's what Union Bank 365 both do if one of them was exactly 61 and you didn't win then you would just um lose that bet then that is not an Arbitrage because you're quite exposed to if it's exactly 61 then you can lose a lot of money so that's something else you have to be

very very careful of so after that you've placed these bets what you can do is add this to the BET tracker so now if I bring this tab back so I can see the whole screen I can see these are all correct and I will save that into the back tracker so if I go to my bet tracker I go to bets I can see I have a pending bet of this one here the unibet and Bet365 now some of these beds will get automatically assessed and graded so if your bet wins bet36 will know

that um uh sorry uh odd sham will find that out and automatically mark it as lost or won so one of these will be marked as one one of these will be marked as lost and then that will this the this table of all your bits um will go into your dashboard so then this is the way to manage all your bets so here I can see my total profit across all my bets was 2683 that I did end up tracking uh 37 of bets in pending so the one I just placed um the average

return on investment was three percent so that was the average size on my Arbitrage opportunity and we can also break it down into which week I made money so I did it across three weeks before most of my accounts got restricted um which sports books I made or lost money mostly came from points bet and unibet and that's because points button uniber were probably the legs of the Arbitrage that were positive expected value and the other legs from Bet365 or time were probably not definitely they were probably um the Hedge bet or negative expected value

and we can also see a lot of my profit came from basketball soccer and football soccer especially during the World Cup and which League came from Mostly from the NBA and whether it was an Arbitrage or positive AV I actually lost some money from positive EV um but that's because it was a small sample size and not a lot so that is how you track your bets it all gets managed neatly for you and you can see your profit across time as well so if you go to resources and have a look at the BET

tracker guide or have more information telling you how to use it and it will tell you also which sports have the these automatically graded for you so it will tell you for example NBA all these get graded so I assist bats um odds Jam will automatically scrape the MBA database and find out whether you're bet won or lost and that way you don't have to manually say mark it as one or lost manually you can just get it automatically assessed but you do have to wait a little bit of time before that happens then this

is a list of there are many things that they automatically grade for you you can have a look at that in your own time so that was Arbitrage bets and we've covered that now so let's take a look at the other type of bet which is positive EV betting so to do that we can go to oddsjam tools positive EV and that will bring up positive expected value bets for whichever Sports books you have and once again you can filter and customize this so Sports books if I say only all Australian Sports books and remove

the global ones that will show only the one I can actually bet on so that was at all Global Sports books and now I only have Australian ones then that helps me filter those up and I can say I want it to be in the next 24 hours or the next seven days and I can save this filter as let's say positive EV filter and I can choose to get email alerts for this type of bet as well so if I save that then so now I've saved those Footers let's take a look at placing

a bet for a positive expected value but um let me just quickly refresh and we can see the best one here is this one under two three five total points full of caltex vs Nuggets game at 1.9 odds now what do all these things mean so percentage is the expected return um or the amount of expected value we have from this bet which is 2.48 percent this is not that high normally I would only do ones that are like five percent or higher but for the purposes of this demonstration um I will go ahead and

place this so what is also recommended bet size now this comes from something called The Kelly Criterion which is something that determines how much you should bet based on firstly the risk and also how good of an opportunity that is and how much money you have for your bankrupt which is how much money you can bet in total how much money you have so if you click the question mark that are here you can set your bankroll so let's enter your bankroll if I have a bankroll of one thousand dollars let's say I have one

thousand dollars in the bank account I can place bets for and the Kelly multiplier you can either set to 0.5 or 1. and just set that to one so what Kelly Criterion is is if you go to a calculator and go to Kelly calculator it will explain what Kelly criteria is so it basically determines how much you should bet to make sure you don't go broke um if there's a positive EV opportunity because there is still some risk involved you could still end up losing the bet and obviously we need to factor in this risk

and make sure we're sizing responsibly and we're not betting all our money on one positive EV opportunity it might be a very good positive UV opportunity and we can bet more on it but we have to be responsible if that does lose then we've lost a lot of our money and we might not be able to continue betting so it helps us decide sustainably and it's the optimal mathematical method um you don't really need to know the formula but it determines how much percentage of your bankroll you should bet based on how good the opportunity

is and How likely you are to win which we can determine from the ferrets so let's say our Kelly multiply is just one and the odds are 2.5 so our percentage chance of winning let's say 70 uh sorry 45 percent our expected value is 12. and if this reset as one we should bet 8.33 of our bankroll if it was say 40 percent uh 42 which would bet 3.33 of our bankroll so in that case would be betting 33.30 so you can read a bit more about it um what's the optimal bet size is basically

what it helps figure out and there's this calculator tool which isn't that helpful but the calculator curly calculator but you can use it's already Incorporated in the positive EV tool so this is base this dollar amount is based on the Kelly Criterion and I've set my bankroll to one thousand dollars so let me go ahead and place that filter and we can see this is the best positive EV opportunity let's just go ahead and click this calculator and see what it says so we have a 53.91 transfer winning according to the Pinnacle Fair odds um

R Kelly multiplier of 1 means we should bet 27.50 it's rounded up to 30 because I want to be betting in full dollar amounts so that's why it says 30 and this game is tomorrow so it's a good opportunity to place now no big odds what does this mean this is the fair rides determined from how we did the Novi calculation from a bit earlier and saying the fair Rod should be 1.85 but we're getting 1.9 which is where our 2.48 Edge is coming from and what does with mean it's basically how wide the Sportsbook

margin is that we're using to determine the ferrots which is we see Pinnacle Sportsbook or the odds Jam line which is pretty much the same thing they just um the exact same values and if we click on this you'll see all the odds so Pinnacle is actually 2.14 and 1.77 for this bet but we see we're getting 1.91 here and it's way better than the Pinnacle odds and that's across the fair odds of 1.85 and therefore it's positive expected value so we can go ahead and once again place this bet so if I go to

tab and we want to look for this opportunity which is in the NBA so that is this game we want to find the total points under 235.5 so pick your own total a lot of the time you'll find is um looking for these bets so you want to you don't always know where you're going to find it and there's a lot of things to look through so once you know where it is then it's easy to look for so I know it's in pick your own total because I bet on this before and it was

235.5 and it was the under two three five point five so you want to bet the under two three point five point five so if we go that bit recommendation of thirty dollars and go ahead and place that bet so make sure it's the right bet you're placing and it's gone through so thirty dollars generally won't be rejected you can size up more if you want if you have a larger bankroll if you have 10 000 you can just bet 300 um so if you do about thirty dollars then you make 2.48 of that which

really isn't a lot so if you get a calculator 2.48 times 30 divided by 100 is only 75 cents of expected value so it's not really worthwhile to do small amounts for positive EV um you do want to be sizing up more and being able to take on that risk but just for that example that's what I've demonstrated and as I can see here I can just add this to the BET tracker and here I can say save that as entering the event stage which is 30 dollars and save that into my bed so we

can see I've already placed a bet here and it's put a tick there so you could do another one Drake minus 1.5 so this is college basketball so I can search for Drake Missouri State at versus Drake and it is trigger minus 1.5 so this one here and here we can see the ferods uh across all the sports books is about 1.9 1.9 about close to two for the other one but 1.75 of tab and on the other side it's 2.05 so this is actually an Arbitrage but this is the positive expected value where it

is we can see Pinnacle is pretty much in line with the other sports books and tab is the kind of outlier so they've got their pricing wrong and 2.05 is an opportunity for Drake minus 1.5 cents a 3.32 hour charge it's recommending me to bet 31 dollars and it tells you how much percentage chance you're expected to win based on the no big odds and it's a pretty tight width so I can kind of trust the odds if the white width was large then I wouldn't really trust the fair rides calculation but in this case

it's okay so I can go ahead and place thirty dollars and once again you do want to be diligent and add this to your bet tracker so I can say about 30 dollars and I can save that as an account so then I can check my bets and see that it is populated here with the BET type as positive EV and I can see in my dashboard I have more bets in painting now so those are the main tools positive EV and Arbitrage betting that we've gone through now finally is oddsdam really the tool for

you um well we can have a look at some of the reviews as well um don't take my word for it as you can see this is the amount of amount that I made um I didn't start tracking my bets all the way at the beginning I only tracked them about um 20 of the way through so it's not fully reflective it was probably around closer to like a bit over 3K and when I did start using ozjam my accounts my sports betting accounts already had a lot of restrictions and limitations on them which is

why I kind of stopped betting after a while [Music] um so yeah really depends where you're from what sports books you have that's why I recommend the monthly one so you can cancel when your accounts all get restricted but what you can do is take a look at some of their reviews so if I go to there oh it's Jam review so I've got a betting education and then go to reviews you can see some of how much other people have made so in America you can probably make a little bit more some people have

been saying they make over 20k some people show that um made about 5k or 3K some people have made even more than that they probably have a very large bankroll so someone made three thousand a day that's probably very good luck but overall they are making money but you can see it does swing wildly so it was probably using positive EV bets and depending on the sports books you have you can make a lot more as well if you have more Sports books than we can make so that's another important thing sign up to as

many sports talks as you can as it's not just about using one sports book you're not going to make much from that you need as many as you can have access to so you can see more of their reviews and how much we've been making so um as you can see it's not that difficult to use but the main thing is understanding how to use it some of the risks involved and what each of the different tools does how to get Fair rides and how to stake appropriately depending on your risk tolerance and the Kelly

Criterion so that's it for this tutorial lesson on how to use odds Java software to learn about Arbitrage and positive EV reading and get started yourself with some examples if you guys have any questions feel free to leave a comment down below so that way I'll be able to find it quickly and respond to it I'll definitely reply to every comment within the first 24 hours my adrenaline won't reply to direct messages as I get too many of those and I believe that you should just be helping everyone by putting a public comment that everyone

else can see if they have the same question so please do that and as always like this video If you learned something from it or enjoyed it and subscribe to see more Arbitrage and positive EV sports betting content see you guys in the next video