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Profitable Sports Betting: How +EV Betting Works

Publish Date:02/07/2024

Sports betting is becoming more and more popular in the US. It seems like every time you turn on a game or watch a YouTube highlight, you are getting bombarded with ads from any number of sportsbooks. Despite what people may think, it is possible to beat the house at their own game mathematically.

Many people are turning sports betting from a hobby to a legit side-income, and even their career, consistently making multiple thousands of dollars per month. They are able to do this because sports betting operates sort of as a stock market, and nobody says it’s impossible to win long term in stocks! Let’s take a look at how we can use the market to make a profit in sports betting.

What is +EV Betting?

You may have seen the term “+EV” thrown around if you have spent any time looking up how to bet on sports, and it is the most important phrase that you can learn. So what does it mean? The EV in +EV stands for expected value, or how much money you can expect to make by placing the bet.

Every single point spread and moneyline you see is basically just a price of how likely the bet is to win. A +100 moneyline means that if you bet $100, you get $200 back if you win.

This bet is 50/50 odds, while a +150 moneyline is 40/60, but you will get more money if you win, $250.

A +EV bet gives you better odds than it should be priced at, which is a positive expected amount of value. Let’s look at it this way. If the stock price of Nike is $100 per share, but somebody says, “I’ll give it to you for $75,” you would accept that offer, right? Sure, there is a chance that the stock price will go below $75, but there is a better chance of making money at this price than buying the stock for $100.

How to Start +EV Betting

With how many sportsbooks there are popping up in every state, it is easier than ever to find +EV bets. It’s like going on Amazon and looking up a product, then getting a long list to choose from so you can guarantee getting the best price. The Pistons moneyline might be listed at +130 on DraftKings, but +150 on FanDuel. When this is the case you can bet the Pistons on FanDuel and increase the amount of expected money you will make simply by shopping around for the best price.

Getting a 100% profit boost is the same thing as getting a buy one get one free at your favorite store. Its a no-brainer!

+EV betting does take a lot of math! The best way to start out is to follow a picks service like PromoGuy. We crunch the numbers and will alert you when sportsbooks run profitable promos and odds boosts in order to compete for you, the beloved customer, just like a business would put an item on sale to bring you into the store.

Get started by following our free bets on Twitter/X, or the daily checklists we post for free. If you're ready to get all of our daily bets and boosts for a small premium ($19/month) over on our Discord when you sign up for PromoGuy Plus.

Make $2,600 Monthly Profits with Sports Betting

  • bullet-checkmarkDaily picks from betting experts on odds boosts and casino promos
  • bullet-checkmarkAn average of 25% ROI, with a total of $4,900+ profit in October
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