{"id":264720,"date":"2023-03-16T13:03:39","date_gmt":"2023-03-16T20:03:39","guid":{"rendered":"https:\/\/bilcomprd.wpengine.com\/?p=264720"},"modified":"2023-03-17T08:06:52","modified_gmt":"2023-03-17T15:06:52","slug":"profitable-sports-betting-how-ev-betting-works","status":"publish","type":"post","link":"https:\/\/ballislife.com\/profitable-sports-betting-how-ev-betting-works\/","title":{"rendered":"Profitable Sports Betting: How +EV Betting Works"},"content":{"rendered":"
Many people are turning sports betting from a hobby to a legit side-income and even What is +EV Betting?<\/strong><\/p>\n You may have seen the term \u201c+EV\u201d thrown around if you have spent any time looking up Every single point spread and moneyline you see is basically just a price of how likely the bet is to win. A +100 moneyline means if you bet $100, you get $200 back if you win. This bet is 50\/50 odds, while a +150 moneyline is 40\/60, but you will get more money if you win, $250.<\/p>\n <\/p>\n A +EV bet gives you better odds than they should be, or, increases the expected<\/strong> amount of value<\/strong> a bet has. Let\u2019s look at it this way: if the stock price of Nike is $100 per share, but somebody says, \u201cI\u2019ll give it to you for $75,\u201d you would accept that offer, right? Sure, there is a chance that the stock price will go below $75, but there is a better chance of making money at this price than buying the stock for $100.<\/p>\n How to Start +EV Betting<\/strong><\/p>\n With tons of sportsbooks popping up in every state, it is easier than ever to find +EV bets. It\u2019s like going on Amazon and looking up a product, then getting a long list to choose from so you know you are getting the best price. The Pistons moneyline might be listed at +130 on DraftKings<\/a>, but +170 on FanDuel<\/a>. When this Getting a 100% profit boost is the same thing as getting a buy one get one free at your favorite store. Its a no-brainer!<\/em><\/p>\n
\nSports betting is becoming more and more popular in the US. It seems like every time you turn on a game or watch a YouTube highlight, you are getting bombarded with ads from any number of sportsbooks. Despite what people may think, it is possible to beat the house mathematically at their own game. <\/strong><\/p>\n
\ntheir career, consistently making multiple thousands of dollars per month<\/strong>. What people
\ndon't realize is that sports betting is similar to the stock market, and nobody says it\u2019s impossible
\nto win long term in the stock market! Let\u2019s take a look at how we can use the market to make a profit in sports betting.<\/p>\n
\nhow to bet on sports, and it is the most important phrase that you can learn. So, what does it mean? The EV<\/strong> in +EV stands for expected value, or how much money you can expect to make by placing the bet.<\/p>\n
\nis the case you can bet the Pistons on FanDuel and increase the amount of expected money you will make simply by shopping around for the best price<\/strong>.<\/p>\n