Five Formulas to Make Money Sports Betting (Step by Step Tutorial)

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In this video, I explain the most important sports betting formulas & strategies that you need to know to make money long-term. Winning on sportsbooks is all about data & math. Invest in your betting education because it pays off big time.

We first go through no vig fair odds. This is the most important formula in sports betting to win long-term. Profitable sports betting is all about finding bets on sportsbooks where you're getting above fair value.

I show you how to use a fair odds sports betting calculator. This calculator takes a bookmaker's market & removes the vig, We go through some examples with NBA player props & an NBA bet on Fliff.

I explain that DraftKings sportsbook has a fair odds market of +100/+100. We go through the sports betting math. I explain that each bookmaker, FanDuel & DraftKings, are an indication of the fair odds.

We then go through the expected value formula for backing out the edge of a bet. I go through some prop bet examples on Fliff & other major sportsbooks, like FanDuel & DraftKings. We go through the sports betting math & how to use this expected value calculator.

We discuss the Kelly Criterion calculator for optimal sports betting bankroll management. Unit sizes can be mathematically optimized. This is a critical calculator for building a sports betting bankroll.

Next, we discuss hedge betting & the importance of an arbitrage calculator. Arbitrage is an amazing sports betting strategy that makes guaranteed profits based on inefficiencies in the sports betting market. You're day trading books like FanDuel & DraftKings to make a risk-free profit.

Tons of sharp & professional bettors use arbitrage to make money - it's a proven & data-driven strategy. I started out sports betting with arbitrage & made my first $40,000 that way.

We go through an example of arbitrage betting between two sportsbooks, Fliff & DraftKings. We go through how to use an arbitrage calculator & determine bet sizes. This was an NFL player prop arbitrage opportunity on Bucky Irving Touchdowns, a prop bet.

Next, we explain odds converter calculators to change American odds to decimal odds. Many sportsbooks like Sleeper Picks, ParlayPlay & Chalkboard use different odds formats.

#sportsbetting #fanduel #draftkings