Sports Betting Math | The Most Important Formulas, Calculators | Sports Betting Tips & Advice

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In this video, Matt gives an overview of the most important sports betting math concepts and sports betting formulas. As a sports bettor, it is important to understand the important sports betting strategies.

Matt details every calculator that is offered on the OddsJam website, and their important to the sports betting landscape. Luckily, these sports betting concepts are easy to understand, and OddsJam calculates everything for you, doing the hard part.

He takes you through the Expected Value calculator, and how OddsJam calculates Positive Expected Value bets. Betting Positive EV is the easiest way to make money betting on sports, and this is a sports betting 101 concept that Matt details. This is one of the many sports betting calculators offered on the OddsJam website.

He also discusses the free bet calculator. With more and more sportsbooks legalizing every day, that means there are more and more opportunities to take advantage of sign-up bonuses. As a free calculator offered on the OddsJam sports betting software, you can use these tools to convert those free bets and site credit into real cash using OddsJam.

He also discusses the Kelly Criterion Method and the importance of bankroll management. This method takes into account the odds you are betting, as well as the % chance the bet wins based on your sports betting math, and spits out an exact dollar amount to wager.

Another sports betting calculator that is important to be able to use is the no-vig fair odds calculator. Sportsbooks charge a vig priced into every market, and removing the vig to find the "true odds" is important to being a profitable sports bettor.

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