So, sports betting is starting to take over, huh. This has a ton of people starting to dream big and wondering just how much money they can make with sports betting, or even make a living doing so. As of right now, 19 states have legalized mobile sports betting, with states such as Maryland and Ohio that are projected to have mobile sports betting legal by the end of 2022.
Along with more and more states legalizing sports betting mobily, we are also seeing more sportsbooks gain legality. These sportsbooks, such as FanDuel and DraftKings, are essentially creating an arms race trying to take advantage of the growing user base of the sports betting market..
So, with all these sportsbooks opening up, along with more states legalizing mobile sports betting, it is imperative to start using profitable sports betting strategies. The most profitable one is called Positive EV betting. Using Positive EV betting is how you can make a living betting on sports. The easiest way to accomplish this is using the best sports betting software on the market, OddsJam.
This system can generate a 5% return on investment on a nightly basis of betting on sports. I understand that 5% ROI might not sound like a lot, but let me put it in perspective. If a sports bettor invests $5000 a day on sports betting, that will equate to over $90K in profit in a year! That is well over the average salary one makes in a year!
Positive Expected Value Betting
Even if you are a beginner sports bettor, OddsJam is a great place for you to start this journey. The OddsJam website includes a betting education blog that has pages of blogs that explain beginner sports betting concepts. It is important to understand the basics of sports betting, and then you can move on to the more advanced concepts.
Articles are just the beginning in terms of what OddsJam can offer, too. There are a bunch of other tools, the most important of which is what I was referencing earlier, Positive EV betting.
There is an article in the betting education blog that details Positive EV betting for an in depth analysis and breakdown of why it is so valuable, but I will detail it here as well. The way Positive EV betting works is you place bets that have an edge of the sportsbook that you are placing the bet on. These bets have a positive profit margin that you can calculate, and the math behind works like this: you place bets that have a more favorable chance of occurring than the suggested odds on the sportsbook where you place the bet.
The OddsJam Positive EV page pulls odds from the most accurate sportsbook in the world in pricing odds, and then gives you specific bets that you can place on another sportsbook that has better or more favorable odds.
As mentioned before, this Positive EV page will provide bets that have a mathematical profit margin, and it will also provide the profit margin of each bet. The larger the gap between the OddsJam odds and the odds of the bet at the other sportsbooks, the greater the Positive EV percent.