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The OddsJam logo on our site represents a weighted average of the two sharpest sportsbooks in the world, Pinnacle & BookMaker.
In this video, we discuss why profitable betting strategies, such as sports arbitrage and ev betting, are difficult for US sports bettors. You need to overcome the vigorish, or vig, as a sports bettor to be mathematically profitable and win in the long run. The vig is also referred to as the "juice" in sports betting, or the house edge. Knowing how to overcome the vig is the only way to make money consistently as a sports bettor; it's the only way to be profitable in sports betting.
The typical vig is 4.76%, which is the standard -110 odds, -110 odds point spread. Some sportsbooks have higher vig than others. Some markets have higher vig than others, such as player props. You can use a vig calculator from OddsJam to determine the no vig fair odds.
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In this video, we also discuss why sports arbitrage bets ("arbs") and positive expected value bets (EV bets) are even possible in sports betting when the vig is roughly 4.76%. The reason is that sportsbooks have different odds. The odds on DraftKings are different than the odds on Fanduel. Thus, line discrepancies can exist. Most US sportsbooks have 10,000+ odds on their platform at any given time. They cannot keep everything in line, so arbitrage exists between bookmakers in certain markets.
If you need a real-time odds to power your sports betting research or business, then the OddsJam API may be right for you. We offer main markets, alts, game props, player props, futures and lots, lots more! We have a real-time BookMaker odds api, too. Check out our API here: [ Ссылка ].
Learn about Alex, OddsJam cofounder and youngest member of the team. Alex graduated from Stanford in math/cs before pursuing a career on Wall Street in quantitative trading, and then ultimately starting OddsJam. Twitter: @AlexMonahan100
General questions? Reach out to us at contact@oddsjam.com or on Twitter.
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