Bankroll Management, the Kelly Criterion and the Best Way to Make Money Sports Betting

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In this video, we discuss the importance of bankroll management when it comes to sports betting. If you don't know how to manage your money, then it will be incredibly difficult to profit on sports betting. Your risk of going broke will be too high. This video details the two different methods to manage your bankroll, and, more importantly, we explain why one method (the Kelly Criterion) is better than the other. The Kelly Criterion is the main bankroll management method used by sharp sports bettors.
Once you have your sports betting bankroll established, how the heck do you know how much to place on each bet? We will go into that as well in this video. First, we have the classic unit scale, which is an easy and uniform way to calculate how much you should spend on a single bet. Then, more importantly, we go into the Kelly Criterion Method. The OddsJam platform has a Kelly Criterion sports betting calculator that you can use for free.
It might sound daunting, but using the Kelly Criterion Method to bet on sports is the easiest way to make the $400K that Alex made in a year while not even betting on sports full time. Intrigued? Listen in for details and learn why this isn't a hoax. Of course, you do not need to use the Kelly Criterion for arbitrage betting, as your returns on capital are risk-free with arbitrage.
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Biography: My name is Matt Modi, and I come to you from Modi Sports Analytics. I got into the sports betting game in late 2019, but I use intuition and analytics to profit. Over the course of the NFL season last year, my bets went 85-40 with a +47 unit advantage. Including all sports, my total picks record is 251-181 with a +100 unit advantage.