Sports Betting Terminology | Math, Formulas | Sports Betting 101, Intro for Beginners

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Alex discusses the most important terms to know as a sports bettor. An example of a vital term to know as a sports bettor is closing line value (or CLV). You need to generate positive CLV as a sports bettor to win in the long run. Market hold, as well as bankroll management and the important of tracking your bets, are discussed in this sports betting 101 beginner video, too.

Alex also discusses edge in sports betting as part of his 101 series for beginners. This is an intro that should be valuable to all sports bettor, especially those who are relatively new to sports betting. Expected value in sports betting and other key terms are also covered in this video, but we also keep it a bit funny :)

He discusses parlay betting in sports and also what a Same Game Parlay is. Fanduel sportsbook was the first sportsbook to offer Same Game Parlays (or SGPs), but now a myriad of sportsbooks in the Untied States offer this market to sports bettors. Alex explains parlay betting and everything you need to know about these types of bets. Parlays typically have high "vig" or "juice" as a sports bettor.

The whole goal of this video is to help you become a profitable sports bettor. Alex discusses all of his tips, tricks & advice to making money as a sports bettor in the U.S. If you want to make money sports betting, then this is the video for you!

Alex focuses on sharp sports betting and using math, as well as statistical models, to find profitable betting opportunities. Any questions about sharp sports betting can be emailed to contact@oddsjam.com.

Alex explains the difference between legal, onshore sports betting and offshore betting in this video as well. There are large difference between onshore & offshore sportsbooks.

We hope you found this sports betting terminology helpful! Do you have any terms that you wanted to see in this video?

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