It is possible to win at sports betting! A bettor simply needs the perfect tools in his belt to be able to beat the market. Our tools not only help you beat the market, but we make it enjoyable, easy and fun as well.
There are three keys that make up the core of our ethos and philosophy for GamedayMath. Let's discuss these one-by-one...
Beating the Closing Line
Closing Line Value (CLV) is a crucial concept in sports betting that measures how well a bettor can consistently beat the closing lines at sportsbooks. The closing line is the final point spread, odds, or total offered by a sportsbook just before an event starts. It is the most efficient and accurate reflection of the true probabilities, as it factors in all available information, market movements, and sharp bettors' influence.
In simple terms, the Closing Line Value quantifies the difference between the odds you bet on and the closing odds of the same wager. If you consistently bet on lines that are better than the closing lines, you're said to have a positive CLV, which indicates a higher probability of long-term success in sports betting.
A positive CLV suggests that you are identifying value in the lines and placing bets before the market adjusts, while a negative CLV means that you're often betting on lines that are worse than the closing lines, decreasing your chances of success over time.
Line Shopping at Multiple Sports Books
The primary reason to shop lines at multiple sportsbooks is to find the best odds and point spreads. Different sportsbooks may have slightly different lines, and even small differences can add up over time. By comparing and choosing the most favorable odds, you can maximize your potential payout and increase the overall value of your bets.
Line shopping can reveal discrepancies between sportsbooks, creating arbitrage betting opportunities. In arbitrage betting, you place bets on all possible outcomes of an event across different sportsbooks, guaranteeing a profit regardless of the actual result. This strategy relies on finding and capitalizing on those discrepancies, which line shopping helps you identify.
Different sportsbooks may offer access to various markets, bet types, and sporting events. By shopping lines at multiple sportsbooks, you can expand your betting options and potentially find more profitable opportunities.
Bet Responsibly and Have Fun!
Let's be honest - there are a lot easier ways to make money! The reason we don't mind scraping 2 to 5% ROI in bets after sitting in front of an odds dashboard for hours is because we love math and sports! Betting can be very enjoyable! And what is more fun than rooting for your team to win in OT, because you have a few dollars on it?
What isn't fun is losing money. And what is even less fun is betting irresponsibly to put yourself or your family in financial trouble. This is why we also provide tools to help manage your bankroll and set bet amounts. The best thing out there right now is the Kelly Criterion. By following the Kelly Criterion, you can bet responsibly and manage your bankroll more effectively, reducing the risk of ruin and increasing the potential for long-term profit.
In Conclusion on Our Philosophy
The ultimate goal of any sports bettor is to make money. There are many ways to make money in sports betting and a lot more way to lose money. GamedayMath was built to help the sports bettor achieve profitability in the long-run. Having multiple sports books gives a bettor more options. Beating the closing line is much easier as your options increase. Our tools, like Euclid EV and the Nostradamus No-Vig, allow users to find value in the lines. Finally, it's especially important to enjoy the process. Do the work, make bets, then sit back and enjoy game. You may win or lose that game, but by following the process, you will be profitable in the long-run.
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