Positive EV Sports Betting: Building Your Own “Hedge Fund” of Profitable Bets

Are you a sports bettor looking for ways to increase your chances of making money? If so, you’ve come to the right place. In this article, we’ll explore the concept of positive expected value (EV) betting and how it can help you form your own profitable sports betting strategies.

Understanding Positive EV Betting

Positive EV betting involves finding market inefficiencies in the odds provided by different sportsbooks. Each sportsbook may offer slightly different odds for the same event, creating opportunities for smart bettors to identify bets with a positive expected value. But what exactly does positive expected value mean?

To simplify the concept, let’s consider a weighted coin that has a 53% chance of landing on heads and a 47% chance of landing on tails. If we flip this coin 10,000 times, it’s highly likely that heads will come up more often. This statistical advantage is similar to positive EV betting. While not every individual bet will be a winner, over the long run…