Great video. I’ve been doing this for years and have made a nice chunk this year but a lot of people just talk and not provide receipts and info like this
11 minutes in and all I know is sports betting is beatable and it take hard work. No real tips on how. My tip is skip the first 11 minutes of this video.
Over here in Europe, bookies are hot onto this. They will either close you down, or limit your stakes to almost nothing within a few bets if you are only arbing/taking value/winning constantly. The good days are gone.
A tip I've found to spot almost certain winners is to look at the first line on a suggested "quick(idiot) parlays"... They like to start it off with something that looks certain to actually happen, that top line is the hook.. Following 3 months of keeping track, the first line won straight up 91% of the time.
This is so true, something I learned early. For a 5 way parlay, you have 4 that are almost certain and then one that's so far out there, anyone who understands the basics, knows it's trash.
Love this. Trying to do the same thing. I'm betting like 100-200 times a week and so far 4Xed bank roll in 2 weeks. But starting VERY very small. Micro bets. Looking to keep adding small to the bank roll to start betting more each month. Let's see how I go!
you cant lose if you use progression o win bets like they do on roulette say either small money lines totals or spreads if you lose bet more till you win then start over paprlays less risk the whale in vegas progresses and reduces w round robins he is up millions over time and emails me from his agency and had vidos on his emails
Why do you offer affiliate links to sign up for every sportbook? It's a weird conflict of interest. It's well known that bookies ban/limit profitable (unprofitable to them) customers. If your strategies actually work, then why would bookies even want customers familiar with them? If I were a bookie I would automatically red-flag any account that signed up from an odds jam link and keep a super close eye on them
Because when you are an arbitrage bettor, you want to fly under the radar. Most people only get about 1 year at this before getting 'gubbed' i.e., restricted betting. In time they will see your betting patterns and gub you. Best idea is go all in and only expect 1 year
I made $2k my first week putting in that work from Sun up to Sun down, I've lost a lot in between but it's all growth, every loss learn from it and turn it into a W next time round!
yeah but careful, maybe not for you, but gambling addiction starts like that and then little by little you justify losing more and more... again nothing personal to you, i like your attitude, just have experienced and heard from a lot of people and we tend to forget and minimize the losses remembering the wins. Though this is mainly when we are just gambling and not following a strategy, best of luck man. Hope you figure your strategy and keep winning, have a good one!
@@mcube_yt_818 why you need to practice risk management and if you realize you're starting to have bad compulsions, risk management step away for a couple days and clear your head, when you start to lose you get desperate and when you get desperate you lose some more in a never ending hole, the money, will always be there, just take a break , I've been there!
@jamesconnor5923 you got find your niche in sports betting, I'm a player prop sharp, you find out what your good at, baseball is crap for me, made a a few bucks in tennis, player props I've made a small fortune so far.
Just got into sports betting this January, I’ve been watching RUclips videos on it since and I like your videos the best! More detailed and informative. Thanks bro!
@@biggstravels1851 ev betting is garbage 🗑 spend 4000 hours and teach yourself how to bet ingame so you won't have to do exactly what your competition is doing.
Signals I follow made this return ( from 1.09.23) Lay away side - 257 games, 88.72% wins, 95 points profit, ROi 10.94% Ltd - 162 games, 82.07%, 53 Points, ROI 10.65
I've been unsure about the betting business due to must bad news, at the same time I still feel it's the right time to make profit cos of the new start of the season, heard someone speaking of making over $500k since the lockdown and I'm driven to ask what techniques/skillset is needed to achieve this
To succeed in the betting business, you must review and put into consideration, the dynamics of your betting bank roll management prior to investing. Analysis Based on Research is Vital which is why; I recommend betting with a Professional if you don't know the basics
you cant predict a given game a sure way to win if you have capital is to progress and go back start w a baseobjective of 100 dollars so say you bet minus 110 and lose you need to bet 200 or can use money lines and bet more or hockey run lines is pays more minus 1.5 you shdnt lose more then 4 in a rown then start over with the 100 objective after 40 plays maybe your up 10 units
on the sign-up bonus you need to take a close look to t&c, specially the rollover. In Europe most platforms only accept odds up to 1.7 to 2 to complete the rollover
Thanks for ur video. Very informative! I will email you soon. Have a question on the EV betting. But first vid I’ve watched of yours and u got my attention.
The key point you mentioned was that it takes a lot of time to make anything significant in wagering sports. I’ve been a professional for 20+ years now and I earn a nice ROI each year… however you can’t make millions. 100k -120k has been by ceiling each year. Yes you could edge out more but “logistically” it’s extremely hard to get down the action. Unless you have runners working for you. (Been there and done that too) and that’s never sustainable. But anyways love your content and how you keep it real. Would love to get my 100k to 200k though. ;). We’ll see.
Well id make a guaranteed parley as fool proof as you can get like a 2-3 pick Parley get the odds up +300 drop $25k on it , take the profit from that , and keep trying your luck, I did that with 10 bucks got up a couple grand, you can literally bet on anything' like this guy won't hit a home run etc to get the odds up
@jamesconnor5923 agreed. My bread a butter is 20 and 25 point parlays (NBA). 2-3 players for right around even odds. It hits for me enough to be profitable but it's never guaranteed. Even superstars have off nights, a blowout can fuck you or an injury.
Great video, but Im curious how you figure a 90% ROI at 13:30. This would mean the $900 profit is on a $1000 bankroll. If you have a $1000 bankroll, you’re likely not betting $1000 in volume per day.
I don’t bet everyday but when I do, I turn 500 into 10k from one bet slip. I would personally say you shouldn’t bet everyday, I always go for quality over quantity matches... I try to have a maximum of 10 matches on a single bet slip and all the matches I bet on end tht very day, I understand why people would include the following day’s matches but I find that more risky. I also go for quality odds, I mostly bet on Draw no bet, over 1.5 and BTTS I always aim for 500 to 10k and 80% of the time I win
@@Motivation3290 place wins on matches ur 100% sure the team will win, teams like Man City, I give a win, teams like Arsenal, Liverpool, I give Draw no bet, teams like Man Utd, I give over 1.5, some matches I give both teams to score, I usually rank up 20 odds from sure wins, draw no bet, player shot attempts and both teams to score and in some cases I handicap teams... and personally I avoid Home or away bets 👐🏾 I don’t always win, some days I win, some days I lose... some times I’ll lose for an entire week but make back the losses and profits wen I do win.... I win like 70% of the time thts jst my personal strategy... i focus on premier league, bundesliga, league 1, Netherlands and MLS
2 questions: 1. What bet size do you recommend for each bet? Is it a good idea to just throw as much money as you can on something like an arbitrage bet, since it's risk free? Or will sportsbooks just limit you super quick when you do that? 2. How do taxes work for sports betting, when we're betting large amounts? Do I just pay taxes on the net winnings?
I've never gotten past 650$ without getting banned/limited to $5 max bets... For some reason 650 seems to be the number... I don't get any bonuses aside from the ones on TV commercials, and that is only because they are the "everyone gets a no sweat bet/profit boost etc etc.", but with 5$ limits maxed out
Awesome video. Thankyou. Not everyone is in the US. That said, how do you calculate the bet sizing manually. Bet sizing is critical to making this work.
How much do you guys pay for a win in taxes? My government charges 5% on every bet won, so it's kind of hard to find enough good bets to make any money at all.
Taxes can be a lot worse than that. I live in Illinois where we have a 4.95% flat tax. Let's suppose I bet $1,000 to win $1,000. If I lose I'm out $1,000 and have no tax benefit. If I win I have $2,000 in taxable income and a $1,000 gambling loss that can be used as an itemized deduction. If I use a standard deduction then the $1,000 gambling loss doesn't do me any good. I'm paying taxes on $2,000. Even if I do use that $1,000 gambling loss as an itemized deduction I still have to pay state tax of 4.95% on $2,000, not $1,000. The only way to avoid the extra $1,000 in state taxes is to be a professional gambler. The author of this video is probably a professional gambler but there's tax downside here too. Professional gamblers are self employed and must pay self employment taxes on all net winnings. It's a grind and the government gambling winning tax laws are terrible. I'm still intrigued but weary at the same time.
they only tax big wins if you bet online in usa then yes it can be tracked but the profit can be itemized up to losses i dont think state tax takes effect if you wipe it off on federal the software figures it out betting in person is more difficult but you can use smaller bets and nnot be tracked usually you have enough losses to cover wins you dont have to perfect with that reporting yes the standard dosent allow for offsetting losesor other itemized deductions i know alot about entering i use to do y own offsetting when i bet horses im a senior didnt have much income@@FrankSchoenburg
By far the best sports betting video I have seen. What website can I use that will show me all the different lines from various books like you show in the video here?
How do you do it, if your gainning so much profit, to not get banned, I think if you make 5-10k they will ban you, so my questions if how did u make 200k withoit getting banned??
the arbitrage is small returns use a progression like they use on roullette martindale dubling till you win and start over easy to hit one of 3 or one of 4 with money you cant lose just play favorites to cover or dogs plus points
how is this feasible considering taxes? Oregon for example is 8% state tax and then you have 24% federal on gambling$$ -- also i've heard some stories of books that will not pay out -- any sportsbooks to avoid?
I hear that’s from offshore books, but I’m new to this so I could be wrong. Had the same question and saw that answer somewhere online. Might’ve been arbitrage subreddit. I forget, but reply back if you find anything else
I am professional roullete player. the most important thing is good money management, stop loss, take profit for the day and strategy with more that 96% chances
I started a $100 to $1000 challenge over Christmas, it only took 8 bets. I actually got 19 bets in a row before it failed ha! Nice $100 to $1800 you should give it a try!
Can you make a video or repond please about how much of that comes out as taxes? Thak you for this vid its awesome. I am guessing you are itemizing and taking losses as deductions instead of standard deduction, but what is your total tax percentage including bracket+ self employment tax+ others? Also did you declare yourself as a professional? thanks
Is it possible to scale this down? How much volume do you need to have before it becomes profitable? If you are betting 500 dollars on every bet could someone else just as easily bet 5 and still make profit at a much lower quantity?
Been gambling in nj since the day fan duel was legal in Jersey , only down roughly 1700 in the last 5 or so years , it varies by the month man I’ve had killer months and I’ve had months where im ice cold and in the hole (like right now🤣) I do it for the love of baseball and football and I’ve only placed my bets on fan duel , gonna finally take some advice and branch out into other sports books. Usually don’t listen to these nerds because they never played sports and most likely don’t even watch them but I actually like this guy. Good video bro
I see the sign up bonuses all the time, BUT remember there's a rollover on that. Meaning you can't just deposit and withdraw the funds, it requires a bankroll rollover...some books up to 20 times!
How do you figure? I’ve been doing it for a month now I made 3000 but my peak was two weeks ago at 5000. I’ve been restricted on 21 accounts already. Lol
@@respectttt12345 What does the restricted amount mean you can bet now? The problem with you guys is you bet too much on individual accounts. Plus you Americans have no high street bookmakers like we do here in the UK. You can make a living from gambling for years without being detected over here if you are smart..
You lost me at the end with the positive EV and value bets. Regardless of the "edge", you still have to win the bet. It was sounding very similar to arbitrage betting, but there is obviously risk involved because you're only taking one side.
Same here...I was a little confused on that part. But I think the point was that if you spend time looking for some better value you will get more bang for your buck as opposed to just better ANY arbitrage bet...but I can be mistaken so don't qoute me 🤪
I Stand corrected..so I rewatched it and it's just finding value in better odds and taking money risks on ot which is more profitable but also risking loosing your money
There seems to be one big issue with all this: bookmakers will immediately ban you (or severely limit you) from gambling with them again once they find out you understand value. You don't even have to make huge amounts of bets. In fact, one bet sometimes will already put you in their 'problem bettor' category. There are a few bookies that will allow you to win in the long run, but these places, mostly exchanges rather than regular bookies, are full of people that understand shit, so your competing against other pro's, lowering your chances of making a living out of it. Personally, I know if they let me play against them, they are bound to be screwed, but they don't let me! It's an unfair game played by greedy companies that take advantage of dumb and vulnerable people. What's your experience?
@@erwintan3273 If only it were that easy. Many sports books are set up to block proxies, and even those who don't, you run the risk of having to provide address verification to withdraw your money.
I like that analogy “ you don’t take addiction advice from your drug dealer “ 👌
it's true 🤣
Yes that was a very important line to understand what all the advice from the books are about......more money.
No, but you don’t take addiction advice from someone who’s never been an addict either. 🤷🏻♂️
Omg soooo funny
Also don't take advice from someone who has a vested financial interest in you losing! I can't make it any simpler than that =)
Great video. I’ve been doing this for years and have made a nice chunk this year but a lot of people just talk and not provide receipts and info like this
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11 minutes in and all I know is sports betting is beatable and it take hard work. No real tips on how. My tip is skip the first 11 minutes of this video.
What you think this is??? Everything is a risk… he can’t make the plays hit for you… even if he were to give you the best tips.
some bs comment
I’m 11 minutes in and I just read this comment unfortunately
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yeah that’s how you know he’s trying to sell you a course 😂
Over here in Europe, bookies are hot onto this. They will either close you down, or limit your stakes to almost nothing within a few bets if you are only arbing/taking value/winning constantly. The good days are gone.
That is why we use exchange markets.
@@dominikadamus5053 I agree, and the US will probably end up going the same way for the same reasons.
A tip I've found to spot almost certain winners is to look at the first line on a suggested "quick(idiot) parlays"...
They like to start it off with something that looks certain to actually happen, that top line is the hook..
Following 3 months of keeping track, the first line won straight up 91% of the time.
On what app?
Now that you've written this, the books will change the order on purpose 😅
This is so true, something I learned early. For a 5 way parlay, you have 4 that are almost certain and then one that's so far out there, anyone who understands the basics, knows it's trash.
Love this. Trying to do the same thing. I'm betting like 100-200 times a week and so far 4Xed bank roll in 2 weeks. But starting VERY very small. Micro bets. Looking to keep adding small to the bank roll to start betting more each month. Let's see how I go!
Did you study CS?
you'll probably get banned/limited before you can even increase your stakes.
@@benzok8375??what
you cant lose if you use progression o win bets like they do on roulette say either small money lines totals or spreads if you lose bet more till you win then start over paprlays less risk the whale in vegas progresses and reduces w round robins he is up millions over time and emails me from his agency and had vidos on his emails
How are you doing a month in man?
Why do you offer affiliate links to sign up for every sportbook? It's a weird conflict of interest. It's well known that bookies ban/limit profitable (unprofitable to them) customers. If your strategies actually work, then why would bookies even want customers familiar with them?
If I were a bookie I would automatically red-flag any account that signed up from an odds jam link and keep a super close eye on them
Probably getting paid by them!!
Seems like a valid point.
Great point and our hero is eerily silent 💀
Because when you are an arbitrage bettor, you want to fly under the radar. Most people only get about 1 year at this before getting 'gubbed' i.e., restricted betting.
In time they will see your betting patterns and gub you. Best idea is go all in and only expect 1 year
In the UK, the betting apps have limits, bet365 £20,000 then they will close your account. How come your apps don’t do the same in the US?
I made $2k my first week putting in that work from Sun up to Sun down, I've lost a lot in between but it's all growth, every loss learn from it and turn it into a W next time round!
yeah but careful, maybe not for you, but gambling addiction starts like that and then little by little you justify losing more and more... again nothing personal to you, i like your attitude, just have experienced and heard from a lot of people and we tend to forget and minimize the losses remembering the wins. Though this is mainly when we are just gambling and not following a strategy, best of luck man. Hope you figure your strategy and keep winning, have a good one!
@@mcube_yt_818 why you need to practice risk management and if you realize you're starting to have bad compulsions, risk management step away for a couple days and clear your head, when you start to lose you get desperate and when you get desperate you lose some more in a never ending hole, the money, will always be there, just take a break , I've been there!
@jamesconnor5923 you got find your niche in sports betting, I'm a player prop sharp, you find out what your good at, baseball is crap for me, made a a few bucks in tennis, player props I've made a small fortune so far.
Great video! Cleared up a lot of confusion I had!
Love the info very helpful. Thank you.
I respect ur point most can't even show they made 100k u broke it down great
Love your explanations on this. I feel unmotivated to bet in any other method but this type of mindset.
Yea you are right, if you want to get started with sports arbitrage let me know I got a course on it for newbies
@@noelfuh8153do you still have the course available
What software are you using to track the discrepancies amongst the bookies' odds?
Did you figure it out?
@@zicko6677I'm also waiting for the answer
He has some links in the description
Pikkit is a great app that have multiple books odds on there
Hello, what site do you use for finding the odds please
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Thanks man, appreciate the info
Just got into sports betting this January, I’ve been watching RUclips videos on it since and I like your videos the best! More detailed and informative. Thanks bro!
Good luck learning anything useful.
EV betting is the way to go
@@biggstravels1851 ev betting is garbage 🗑 spend 4000 hours and teach yourself how to bet ingame so you won't have to do exactly what your competition is doing.
Bright future ahead
How much have you lost?
Signals I follow made this return ( from 1.09.23)
Lay away side - 257 games, 88.72% wins, 95 points profit, ROi 10.94%
Ltd - 162 games, 82.07%, 53 Points, ROI 10.65
What’s this mean ?
On Betfair or a bookie?
I've been unsure about the betting business due to must bad news, at the same time I still feel it's the right time to make profit cos of the new start of the season, heard someone speaking of making over $500k since the lockdown and I'm driven to ask what techniques/skillset is needed to achieve this
it's all about finding the right moment to take advantage of and generate colossal profit, which is why you need to do your research
To succeed in the betting business, you must review and put into consideration, the dynamics of your betting bank roll management prior to investing. Analysis Based on Research is Vital which is why; I recommend betting with a Professional if you don't know the basics
you cant predict a given game a sure way to win if you have capital is to progress and go back start w a baseobjective of 100 dollars so say you bet minus 110 and lose you need to bet 200 or can use money lines and bet more or hockey run lines is pays more minus 1.5 you shdnt lose more then 4 in a rown then start over with the 100 objective after 40 plays maybe your up 10 units
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Anyone know a site where you can get live odds from multiple sites for free?
What site are you using to compare all these books
on the sign-up bonus you need to take a close look to t&c, specially the rollover. In Europe most platforms only accept odds up to 1.7 to 2 to complete the rollover
What site are you using where you can see all the different sportsbook odds for all the games/ player props?
I believe it's oddsjam
what's the best app which shows odds comparison on all books?
Whats the name of that app where you see all those books?
What app are good for Arizona?
30 minute ad for oddsjam
Thanks for ur video. Very informative! I will email you soon. Have a question on the EV betting. But first vid I’ve watched of yours and u got my attention.
The key point you mentioned was that it takes a lot of time to make anything significant in wagering sports. I’ve been a professional for 20+ years now and I earn a nice ROI each year… however you can’t make millions. 100k -120k has been by ceiling each year. Yes you could edge out more but “logistically” it’s extremely hard to get down the action. Unless you have runners working for you. (Been there and done that too) and that’s never sustainable. But anyways love your content and how you keep it real. Would love to get my 100k to 200k though. ;). We’ll see.
Well id make a guaranteed parley as fool proof as you can get like a 2-3 pick Parley get the odds up +300 drop $25k on it , take the profit from that , and keep trying your luck, I did that with 10 bucks got up a couple grand, you can literally bet on anything' like this guy won't hit a home run etc to get the odds up
@jamesconnor5923 agreed. My bread a butter is 20 and 25 point parlays (NBA). 2-3 players for right around even odds. It hits for me enough to be profitable but it's never guaranteed. Even superstars have off nights, a blowout can fuck you or an injury.
@jamesconnor5923ya I hear you I’ve learned it’s always the one or two long shots that screw my parlay
As you build your bank roll just increase your unit size…. +100units x2000 per unit gives you 200k
@@kundaimawoko5420 it’s not that easy to get $2000 units on the apps. These books will limit you to $500 or less per play.
What’s the name of that website you’re using?
Great vid!
Question:
what's the avg daily amount of bets I should be placing when having a bankroll of $1000 using the Positive EV?
I would also like to hear an educated suggestion to this question
Could 0 to 50 only bet with an edge don't bet to bet
What site is that that you can see all the different book prices?
What are the best sites for sports betting
I beat the books 📚 EVERY DAY!!! Great video 100
is it legal to use online sports books if I am living in Texas which doesnt have legalized gambling?
I just subscribed now
Great video
Thank you for sharing this information with us 🙏
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Great video, but Im curious how you figure a 90% ROI at 13:30. This would mean the $900 profit is on a $1000 bankroll. If you have a $1000 bankroll, you’re likely not betting $1000 in volume per day.
Yes agreed - it should be on "wagered amount" per day not bankroll
@@alexmonahan100 So how much should your bankroll be if you’re wagering $1000 per day
@@juicedMMA In poker the rule is usually 25x the buy-in. Doesn't seem like that'd line up with the 3.2% advantage mentioned in this video
@@juicedMMAAt least $20,000...
Question: how do you report these type of earnings to the irs
Getting limited on a Sportsbook is legend status - like a BlackJack Card counter getting turned away at a Casino.
What tools are in the UK?
What app showed all the sports bets at once that you are using
Do you know now?
Please explain your math at 4:30
I don’t bet everyday but when I do, I turn 500 into 10k from one bet slip. I would personally say you shouldn’t bet everyday, I always go for quality over quantity matches...
I try to have a maximum of 10 matches on a single bet slip and all the matches I bet on end tht very day, I understand why people would include the following day’s matches but I find that more risky.
I also go for quality odds, I mostly bet on Draw no bet, over 1.5 and BTTS
I always aim for 500 to 10k and 80% of the time I win
Can u help
Simon can u please help me out with your tips
@@Motivation3290 place wins on matches ur 100% sure the team will win, teams like Man City, I give a win, teams like Arsenal, Liverpool, I give Draw no bet, teams like Man Utd, I give over 1.5, some matches I give both teams to score, I usually rank up 20 odds from sure wins, draw no bet, player shot attempts and both teams to score and in some cases I handicap teams... and personally I avoid Home or away bets 👐🏾 I don’t always win, some days I win, some days I lose... some times I’ll lose for an entire week but make back the losses and profits wen I do win.... I win like 70% of the time thts jst my personal strategy... i focus on premier league, bundesliga, league 1, Netherlands and MLS
@@simonchainbers8943 can we please be friends I really need ur help please
That's gambling, not even value!
How many hours a week does this take?
How can you identify an edge though?? I know what an edge is, I just dont comprehend how it is possible to identify an edge with a bet
What odd comparison tools do you use?
OddsJam
Do you have to pay tax on the net profit ?
what is the site that allows you to see the prices for each different sportbook like you were doing?
2 questions:
1. What bet size do you recommend for each bet? Is it a good idea to just throw as much money as you can on something like an arbitrage bet, since it's risk free? Or will sportsbooks just limit you super quick when you do that?
2. How do taxes work for sports betting, when we're betting large amounts? Do I just pay taxes on the net winnings?
not if offshore bets they use bitcoin he shows offshre stats so he must bet legal and offshore
if you bet online and in person it depends on bet you can easily bet smaller amounts on tickets and other casinos in person
Whatever your bankroll is I divide by 40 and that’s 1 unit example $1000 bank roll = $25 per unit
No more than 10-15% of your bankroll maybe 20%. I do 1-3% per bet 3 bets per day. Good Luck
I've never gotten past 650$ without getting banned/limited to $5 max bets...
For some reason 650 seems to be the number...
I don't get any bonuses aside from the ones on TV commercials, and that is only because they are the "everyone gets a no sweat bet/profit boost etc etc.", but with 5$ limits maxed out
Hi mate . So if I start with a 5k betting bank what could my balance be at the end of the month ?
Thanks
Depends on your plays
@@ilostmyiphone1128 so I my bets are £50 per play ?
What site is that that shows you all the books lines for the games?
but how do u know what team to put your money on
How about availing services to copy bet?
Awesome video. Thankyou. Not everyone is in the US. That said, how do you calculate the bet sizing manually. Bet sizing is critical to making this work.
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Hey Alex, Thank you so much. What advice would you give someone like me that only has access to one book and not multiple?
the arbitrage is alot of work and capital for a guarantee small
What's the site he was on that showed and compared all the books lines?
OddsJam
But hey where do I see the betting line discrepancies that you see here what platform is that?
How do you get all sports books into one page like that to compare all the odds and to compare all the books
it's just OddsJam
how do you have so many sportsbooks? doesn't pa only have like 14 legal books? my state only has 3 legal books
Bro said “1% a day is 365% ROI in a year” 😂😂 go grab a calculator and learn about exponents. Done with this video at the 4:30 mark lmao
Did he say that literally?
When he said it I was like hmmmm....maths not mathing
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How much do you guys pay for a win in taxes? My government charges 5% on every bet won, so it's kind of hard to find enough good bets to make any money at all.
Taxes can be a lot worse than that. I live in Illinois where we have a 4.95% flat tax. Let's suppose I bet $1,000 to win $1,000. If I lose I'm out $1,000 and have no tax benefit. If I win I have $2,000 in taxable income and a $1,000 gambling loss that can be used as an itemized deduction. If I use a standard deduction then the $1,000 gambling loss doesn't do me any good. I'm paying taxes on $2,000. Even if I do use that $1,000 gambling loss as an itemized deduction I still have to pay state tax of 4.95% on $2,000, not $1,000. The only way to avoid the extra $1,000 in state taxes is to be a professional gambler. The author of this video is probably a professional gambler but there's tax downside here too. Professional gamblers are self employed and must pay self employment taxes on all net winnings. It's a grind and the government gambling winning tax laws are terrible. I'm still intrigued but weary at the same time.
they only tax big wins if you bet online in usa then yes it can be tracked but the profit can be itemized up to losses i dont think state tax takes effect if you wipe it off on federal the software figures it out betting in person is more difficult but you can use smaller bets and nnot be tracked usually you have enough losses to cover wins you dont have to perfect with that reporting yes the standard dosent allow for offsetting losesor other itemized deductions i know alot about entering i use to do y own offsetting when i bet horses im a senior didnt have much income@@FrankSchoenburg
A 1% return everyday compounded for 30 days is not 30% ROI. Its 235% assuming its a consistent 1% increase every day.
i appreciate you for making these videos 💯
of course !
What if I live in a state where I cant use multiple sportsbooks...?
How do I legitimately learn how to sports bet? What sites are legit to bet? How I learn about points and parlays and everything?
No feelings, just money
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Does the app that you use to keep track of your profit also keep track of your bets or do you use Oddsjam for that?
Hey man love the content my question is are the bets always one size or you double up when you loose on ev?
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How do I get your daily plays
Whats the website you use to compare props?
Did you figure it out?
By far the best sports betting video I have seen. What website can I use that will show me all the different lines from various books like you show in the video here?
What app do you use
We’re at war with the Sportsbook. Agreed
Do you use stake at all?? That’s the best place I like to keep my bets! What do you use mainly??!
How do you do it, if your gainning so much profit, to not get banned, I think if you make 5-10k they will ban you, so my questions if how did u make 200k withoit getting banned??
I work in security so being able to do this while at my other job seems like a good use of time.
You won’t have the skills !
@@KerryOki66 ?
the arbitrage is small returns use a progression like they use on roullette martindale dubling till you win and start over easy to hit one of 3 or one of 4 with money you cant lose just play favorites to cover or dogs plus points
@@rogerrosen2323 who’s Martin Dale ?
thattttts the term for doubling your bets@@KerryOki66
Beyond the Kelly Criterion, any advice on bet size : odds to ensure you're not eaten by variance?
What app is he using?
What website is this?
So do you use offshore books because the American ones limited you?
how is this feasible considering taxes? Oregon for example is 8% state tax and then you have 24% federal on gambling$$ -- also i've heard some stories of books that will not pay out -- any sportsbooks to avoid?
I hear that’s from offshore books, but I’m new to this so I could be wrong. Had the same question and saw that answer somewhere online. Might’ve been arbitrage subreddit. I forget, but reply back if you find anything else
I am professional roullete player. the most important thing is good money management, stop loss, take profit for the day and strategy with more that 96% chances
I started a $100 to $1000 challenge over Christmas, it only took 8 bets. I actually got 19 bets in a row before it failed ha! Nice $100 to $1800 you should give it a try!
Thanks Alex, I live in Colorado. Im not a bettor, not sure how I got to your site? Seems straight forward, thanks for the content!
Of course, make money!
Can you make a video or repond please about how much of that comes out as taxes? Thak you for this vid its awesome. I am guessing you are itemizing and taking losses as deductions instead of standard deduction, but what is your total tax percentage including bracket+ self employment tax+ others? Also did you declare yourself as a professional?
thanks
Do you have to pay for arbitrage
Is it possible to scale this down? How much volume do you need to have before it becomes profitable? If you are betting 500 dollars on every bet could someone else just as easily bet 5 and still make profit at a much lower quantity?
I'm no expert but I'm certain that's the case. You just would be receiving way smaller returns but if your budget is low than that's where you start
Been gambling in nj since the day fan duel was legal in Jersey , only down roughly 1700 in the last 5 or so years , it varies by the month man I’ve had killer months and I’ve had months where im ice cold and in the hole (like right now🤣) I do it for the love of baseball and football and I’ve only placed my bets on fan duel , gonna finally take some advice and branch out into other sports books. Usually don’t listen to these nerds because they never played sports and most likely don’t even watch them but I actually like this guy. Good video bro
I see the sign up bonuses all the time, BUT remember there's a rollover on that. Meaning you can't just deposit and withdraw the funds, it requires a bankroll rollover...some books up to 20 times!
What site do you use to compare all the lines?
Did you figure it out? Also need that answer
Been there done that. These betting sites will lower your limit.
Does betfair exchange limit players too?
Betfair Sportsbook does, but not the exchange. Exchange charges 2% commission on winnings though.
This works in the UK too.......... I'm the living proof 😀
Appreciate the video. Keep winning my guy !
Appreciate YOU! Let's make $
I made $11,500 in 7 months doing +ev 🔥 only 20-$50 units too. This stuff is legit
Did u got banned from bookers
@@duongqua6792 nope! Still going strong, worked my way up $150 units now. Personally you only need to worry about being banned if your arbitrage bet.
How do you figure? I’ve been doing it for a month now I made 3000 but my peak was two weeks ago at 5000. I’ve been restricted on 21 accounts already. Lol
@@Giffycuh tks for ur info. I live in Asian, can i using +EV
@@respectttt12345
What does the restricted amount mean you can bet now? The problem with you guys is you bet too much on individual accounts. Plus you Americans have no high street bookmakers like we do here in the UK. You can make a living from gambling for years without being detected over here if you are smart..
so in the example at the beggining if we are starting with 1000$ we need to use 30k a month?
depends how much you bet....
You lost me at the end with the positive EV and value bets. Regardless of the "edge", you still have to win the bet.
It was sounding very similar to arbitrage betting, but there is obviously risk involved because you're only taking one side.
Law of large numbers. EV literally stands for expected value. Over time if you have positive expected value you will win.
Same here...I was a little confused on that part. But I think the point was that if you spend time looking for some better value you will get more bang for your buck as opposed to just better ANY arbitrage bet...but I can be mistaken so don't qoute me 🤪
I Stand corrected..so I rewatched it and it's just finding value in better odds and taking money risks on ot which is more profitable but also risking loosing your money
You can’t cash out the no sweat bets unless you win that no sweat bet. Not sure where you got the 18k just for signing up as a new member
There seems to be one big issue with all this: bookmakers will immediately ban you (or severely limit you) from gambling with them again once they find out you understand value. You don't even have to make huge amounts of bets. In fact, one bet sometimes will already put you in their 'problem bettor' category. There are a few bookies that will allow you to win in the long run, but these places, mostly exchanges rather than regular bookies, are full of people that understand shit, so your competing against other pro's, lowering your chances of making a living out of it. Personally, I know if they let me play against them, they are bound to be screwed, but they don't let me! It's an unfair game played by greedy companies that take advantage of dumb and vulnerable people.
What's your experience?
@10:33 How do you have access to "50+ Sportsbooks"? In my state, I have access to 3. Is there some way of circumventing geographical restrictions?
Norton VPN
@@erwintan3273 If only it were that easy. Many sports books are set up to block proxies, and even those who don't, you run the risk of having to provide address verification to withdraw your money.
Stanford was always top 3 Universities growing up.Hats off...Tuition is well above what the avg American makes.