Sports Betting Math for Beginners | Odds, Probabilities

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In this sports betting tutorial, Alex explains the most important formulas for sports bettors to know. He explains sports betting math, which largely revolves around odds and probabilities. He discusses how to bet on sports and make money in the long run.

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Alex explains the relationship between probability and odds is critical to becoming a profitable sports bettor. If you are betting at +100 odds, then your bets must win 50% of the time to breakeven. If you are winning more than 50% of the time, you're a profitable bettor. If you are winning less than 50% of the time, something needs to change, since you are bleeding the vig, or house edge, to sportsbooks and losing yourself money.

Alex goes over how to read the OddsJam No-Vig Fair Odds Calculator. This No-Vig Fair Odds Calculator shows you the true win probability, without the “juice.”

Alex discusses his sports betting strategy and shares how he finds value on all his picks. He explains how to find and place mathematically profitable bets using the OddsJam Positive EV Tool.

He goes through the formula for breakeven win probability, as well as strategies for identifying betting opportunities where your win probability is greater than the breakeven percentage required to make a profitable bet.

In this beginner sports betting math tutorial, Alex explains the sports betting math to make you a profitable sports bettor. Alex discusses how to read sports betting odds. He explains sports betting data and how to convert odds to probabilities.

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