Python in Sports Betting?! Analyzing Fanduel Promos

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Data runs the world - it should run your sports betting accounts, too.

In this video, Alex analyzes sports betting promotions and odds boosts using math. He takes a look at the NHL parlay insurance on Fanduel sportsbook. This promo offers you an interesting proposition - you get your money back (up to $25 per day) if only one leg in the parlay loses. This Fanduel promo is mathematically profitable, as Alex shows in this video.

Alex's NHL parlay for this promotion comes out to +3358 odds. He wagers on the Toronto Maple Leafs -1.5 puck line at +152 odds, the Arizona Coyotes moneyline at +202 odds, the Detroit Red Wings moneyline at +125 odds and the Canucks moneyline at +102 odds. All odds are best offered on the Fanduel sportsbook betting app.

He then runs a simulation in Python to determine the exact probability that one leg does not hit in his parlay. This parlay promotion turns out to be profitable by roughly 15%. This is a mathematically profitable sports betting promo.

Having a strong understanding of math and statistics is critical to becoming a successful sports bettor. If you're able to understand expected value in sports betting and other mathematical formulas, then you'll become much more profitable.

If you have questions about statistics for sports betting or anything else, then shoot us an email at contact@oddsjam.com!

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