Video Summary
Sharp bettors who made over $38,000 in NFL week two used a combination of smart strategies to lock in a huge profit. One strategy that made a significant chunk of the profit was called positive EV betting, where they relied on market information to find discrepancies in odds across different sportsbooks.
Positive EV betting involves looking for situations where one sportsbook is offering better odds than others, and betting on that line. This can be achieved by comparing the odds on different platforms, such as DraftKings, FanDuel, and Underdog Fantasy. In this case, one sportsbook, fliff, offered a Nai Harris over 13.5 rushing attempts bet at -105 odds, which was significantly better than the -130 odds on other platforms.
By combining multiple bets, including the Nai Harris play, in a single slip on fliff, the sharp bettors were able to maximize their profits. However, it's important to note that fliff only allows a maximum bet of $500, which limits the potential profits.
The second strategy discussed was middle betting, also known as low-risk lottery tickets. This involves betting on both sides of a market, hoping that the result falls in a specific range. For example, if a quarterback's passing yards line is set at 192.5 on FanDuel and 209.5 on fliff, a middle bet can be placed on the over 192.5 on FanDuel and the under 209.5 on fliff. If the result falls within that range, both bets win.
The key to middle betting is using software that scans the market for these opportunities and alerting the bettor to potential plays. By using multiple sportsbooks and betting on both sides of the market, sharp bettors can maximize their profits while minimizing their risk.
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