Mastering Sports Betting Bankroll Management with REAL-TIME Examples

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If you want to win in sports betting, then you have to know how to manage and grow your sports betting bankroll. The Kelly Criterion in sports betting is one of the most important formulas that all sports bettors need to know, as it is the main way that sharp bettors manage their money. We see Mariners -1.5 run line is +245 odds on Fanduel, and this is a direct arbitrage betting opportunity to Pinnacle, the sharpest sportsbook in the world.
According to the Kelly calculator, we should have bet roughly 4% of our bankroll on this. If your bankroll is $10,000, then you should wager $400 on this run line at +245 odds to maximize returns and minimize the "risk of ruin." If your bankroll is $1,000, then you should only wager $40 on this specific MLB betting opportunity.
Arbitrage betting and earning risk-free returns by placing equal and opposite bets on two sportsbooks is a great strategy for building a sports betting bankroll.
#sportsbetting

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22 сен 2021

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Комментарии : 36

@OddsJam 2 года назад

Book a sports betting 1:1 call with an expert! calendly.com/d/dm9-v4y-m62

@OddsJam Год назад

All sportsbook sign-up bonuses in your location: oddsjam.com/free-bets OddsJam Positive EV Tool: oddsjam.com/betting-tools/positive-ev OddsJam Fantasy Optimizer/ Screen: oddsjam.com/fantasy-odds/prizepicks OddsJam Sportsbook Screen: oddsjam.com/nba/screen/player_points Email: alex@oddsjam.com Join the OddsJam Community Discord: discord.com/invite/H4UbBHjBaY

@rcellis6767 2 года назад

Obviously you could set and bet the EV bets all day and use the KC method until your whole Bank roll is invested in EV bets. Do you have a cut off number of bets or a certain percent of your bank roll that you don't go over?

@OddsJam 2 года назад

One specific bet shouldn't be more than 5% of bankroll, other than that it just matters if the bets are good! If you want to hop on a call, please fill out the form here: forms.gle/CnVxfpGJ7hLetY3H6 and schedule a meeting here: calendly.com/matthew-666/15

@nexttime47 2 года назад

How often should you update your bank roll on the kelly calculator?

@OddsJam 2 года назад

Only when you want to change what your bankroll is. If you want to hop on a call, please fill out the form here: forms.gle/CnVxfpGJ7hLetY3H6 and schedule a meeting here: calendly.com/matthew-666/15

@mkrueger2390 2 года назад

In what situation would you ever change the multiplier on the Kelly calculator to more than 1?

@jeremyfleming3259 2 года назад

I believe that the scale is between 1-0. 1 is the standard and 0 is the most conservative. So if you set your multiplier to 0.5 because you tend to be a more conservative bettor that means you should multiply the suggested bet amount by 0.5.

@OddsJam 2 года назад

You wouldn't, actually. If you want to hop on a call, please fill out the form here: forms.gle/CnVxfpGJ7hLetY3H6 and schedule a meeting here: calendly.com/matthew-666/15

@chukwuemerieezeigweneme4030 2 года назад

Thanks for your content, you never disappoint. I’d like clarity on somethings if you don’t mind. As a positive EV bettor, how many trades am I expected to take daily, also, using fractional kelly criterion, can I place multiple bets at almost same time? If yes, will I recalculate my position sizing (using kelly criterion) after each bet to place another bet immediately without waiting for the outcome of the first bet. Example: Assuming I’m betting with $1,000, I used $50 for the first bet which hasn’t been settled. I have a balance of $950, will I recalculate my position sizing with $950 without waiting for the bet on $50 to settle. I really need clarity on this and how profitable it might be. Thanks a lot. I really hope you reply

@William.-. 2 года назад

$950 would be your risk free balance

@OddsJam 2 года назад

The Kelly calculator would be just your total bankroll, it wouldnt change after bets are placed. If you want to hop on a call, please fill out the form here: forms.gle/CnVxfpGJ7hLetY3H6 and schedule a meeting here: calendly.com/matthew-666/15

@scottyramos1084 Год назад

When you say place a bet 5% of your bankroll. Is that you total bankroll or the amount you currently have on a sports book? So if I start with$1k bankroll and put $200 in five diff books what's my 5% bet?

@OddsJam Год назад

Thanks For The Comment! Also, you can schedule an appointment at any time with us below! Schedule Below: calendly.com/oddsjam-mike/20min calendly.com/randall-oddsjam/15min calendly.com/oddsjamryan/meeting calendly.com/boblo/20min calendly.com/matthew-666/15

@tommcmullen5983 Год назад

If you open your 4/5 sports betting accounts getting started how much do you need in each account to get started

@jakobesparza Год назад

1k-2k total. So 200-400 across 5 accounts is what I've seen. But you could do more in less accounts. Having more accounts just let's you go for more opportunities, you can bet with less accounts

@glowy_vegas1643 2 года назад

Its really sad that most these models didn't include the woman's NCAA which Infelt had better odds and won more on than the men's NCAA

@OddsJam 2 года назад

Working on it! If you want to hop on a call, please fill out the form here: forms.gle/CnVxfpGJ7hLetY3H6 and schedule a meeting here: calendly.com/matthew-666/15

@jamestimlin856 2 года назад

So I have to join a number of sport books like over ten to be able to use this method.

@OddsJam 2 года назад

Yep! Email us contact@oddsjam.com with any questions.

@user-kr2hw7zb6v 2 года назад

I live in Virginia, and nobody mentions about taxes. If we're taxed 24% by the feds and 2.5% by the state, how does anyone make money arbitraging? Because the winds and arbitrage is such small percentages, Virginia state taxes make you lose out on that completely, am I wrong? No one seems to be mentioning this

@jjm3762 2 года назад

Interesting. Don't you write off your losses? Your essentially losing 50% of your wavers

@user-kr2hw7zb6v 2 года назад

@@jjm3762 doesn't matter. If your arbitrating, You're sending a losing bet on one site and a winning bet on another site. You're winning no matter what, but you're losing on a site. I could claim the lost bet, of course. But that doesn't cover the 24% tax on my winning bet.

@user-kr2hw7zb6v 2 года назад

@@jjm3762 claiming the loss bet just means I don't have to pay anything on the site that I lost on. They still want me to pay taxes on the winning bet over on the sports book that I won the bet on.

@MileHighSteve24 2 года назад

@@user-kr2hw7zb6v did you find anything out?

@guitarguru1758 2 года назад

@@user-kr2hw7zb6v Not exactly - You can deduct gambling losses on your taxes.

@brycehaney9492 2 года назад

why would you make that bet when there is only a 30 something percent chance of it happening?

@tacipotti7289 2 года назад

Because the odds are at the right price. Would you pick a bet with only 33% chance if it pays you +9000 the amount you bet? Im sure You would take it.