Making Money with Plus EV Betting: Setting Up OddsJam

We are continuing from Part 1 » https://www.bonusedge.com.au/blog/making-money-with-plus-ev-betting-a-step-by-step-guide-oddsjam

Make sure you sign up to OddsJam and use the 7 day free trial and place your “test” bets to see how you go!

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1. Starting with Match Betting:

Get ready to kick off your journey with match betting! It's all about seizing the opportunities that betting sites offer through promotions like free bets and bonuses. The idea is to place opposing bets on different outcomes of an event, so you break even and don't lose any money. By making smart use of these promotions, you can build up a solid bankroll over time. This bankroll will set the stage for your profitable betting adventures!

You can make up to 10,20 even $40,000 in tax free profits within your first year!

We have a structured course for Australians to do this here:
CLICK HERE TO LEARN HOW TO BECOME A PRO MATCHED BETTOR

""I've put in on average 7-8 hours a week and easily made $1000-$1500."

- Danny N.

2. Transitioning to Plus EV Betting:

Alright, once you've stacked up a solid bankroll from match betting, it's time to make the leap to plus EV betting. This type of betting is all about spotting opportunities where the bookies' odds are higher than the expected value, giving you a real mathematical edge and setting you up for some serious long-term gains!

3. Leveraging Odds Jam:

Odds Jam is a game-changing resource for bettors seeking positive expected value. By analyzing odds across various bookmakers, it pinpoints favorable opportunities and notifies you. The platform empowers you to spot undervalued markets, where bookmakers are offering odds higher than the true value. These differences translate to potential profits, and seizing them can result in steady gains.

4. Setting Up Your Odds Jam Account:

Peter will walk you through the steps of creating your Odds Jam account, helping you to set the odds format to decimal, choose your initial bankroll, and customize your staking strategy.

5. Understanding Expected Value:

The concept of expected value percentage is absolutely crucial when it comes to making profitable bets. It measures the potential profit of a bet and is key to identifying bets with positive expected value. This means finding opportunities where the odds offered by bookmakers are higher than the fair price based on probability. It's all about maximizing your chances of winning big!

6. Implementing a Staking Strategy:

It's super important to handle your bets carefully to steer clear of unnecessary risks. Peter suggests trying out the Kelly multiplier to figure out how much you should stake. With the Kelly multiplier, you can make sure you're not betting too aggressively, which lowers the chance of losing all your money. It's all about finding that sweet spot between going for big profits and keeping those risks in check!

7. Tracking Your Bets:

It's absolutely crucial to track your bets to keep an eye on how you're doing and evaluate how well your strategy is working. With Odds Jam's bet tracker tool, you can easily check out your betting history, profits, and important stats. It's essential to gather a big enough collection of bets so you can really understand how profitable you are in the long run!

8. What's Next:

Get ready for the next section of the guide where Peter will dive into the world of advanced plus EV betting. He'll be delving into topics like staking size, prioritizing bookmakers, and choosing the best sports to focus on for maximum results. Peter is really pumped about this and wants to urge everyone to grab a 7-day free trial with Odds Jam to get hands-on experience with the platform.

9. Conclusion of Setting up OddsJam

Peter's transition from match betting to plus EV betting showcases a methodical strategy for boosting income through strategic wagering. Armed with the right resources and a grasp of expected value, anyone has the potential to establish a dependable stream of extra earnings. Plus EV betting prioritizes mathematical principles over deep sports knowledge, opening up opportunities for a broader audience looking to grow their finances. It's an exhilarating way to maximize potential gains!

Learn Part 3 - Tips and Tricks for Oddsjam here: https://www.bonusedge.com.au/course-detail/oddsjam-ev-betting-part-3/5547

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