There are a few common EV betting mistakes that just about all of us will make at some point. Hopefully, after arming yourself with the information in this guide, you’ll be one of the few who manage to avoid them.
As you read on, you will learn a little bit more about the basics of EV betting and how you can get started. Then, we will break down some of the most common EV betting mistakes before providing you with a simple checklist to help get your EV betting experience up and running.
Back to basics: Getting started with EV Betting
When discussing EV betting, we mean finding positive expected value across a range of odds. Finding positive expected value (commonly called +EV) means that you can anticipate winnings over a prolonged period of time. Conversely, a negative expected value (-EV) means that you are likely to lose money over time.
Getting started with EV betting does come with a level of complexity – it certainly isn’t just a case of finding discrepancies and placing random bets.
First, you need to understand how EV betting and the basic calculations work. From there, you will also need to get to grips with odds comparison tools, sportsbooks, strategies, and more. Is it really any wonder that the average Joe tends to make a few common EV betting mistakes?
Fortunately, sites like PromoGuy+ recruit researchers and specialists to help scour the markets looking for the best
free +EV betting picks for today. Although PromoGuy+ has an expected ROI of 30%, this won’t come without a few losses. However, it is the consistency and coverage they offer that ensures that you get the chance to benefit from EV betting all year long.
EV Betting: Pros & Cons
- Specialist betting strategy focused on implied probability
- Gives you a mathematical edge over sportsbooks
- Tools like PromoGuy+ are available to help
- Winnings are not guaranteed
Our top-of-the-line betting sites
1.
Bet $1, Double Your Winnings Your Next 10 Bets
2.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
3.
Get $150 in Bonus Bets Win or Lose when you bet $5!
Bet now
Subject to meeting qualifying criteria. Minimum wager $5. Minimum odds -500 or greater. $10 minimum deposit. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New customers only. Available in app only. Max. prize, game restrictions, time limits and T&Cs apply. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
4.
New Customers Bet $5, Get $300 in Bonus Bets If Your Bet Wins!
5.
Bet $5 Get $200 in Bonus Bets If Your Bet Wins!
A Helping Hand: Common +EV betting mistakes and how to solve them
When done correctly, EV betting is a great tool to help bolster your sports betting experience. That said, it doesn’t come without a few considerations. Here we will show you that you aren’t alone and, most importantly, show you how to avoid EV betting mistakes in the future.
Stick with trusted sportsbooks
One of the most common EV betting mistakes we come across focuses on loyalty. For the average bettor, finding yourself a top sportsbook and sticking with that brand generally, allows you to pick up rewards that reflect your loyalty.
However, for those of you looking to take advantage of our
EV betting guide, you’ll want to make sure that you have access to a number of reputable sportsbooks. When you combine this with consistently looking at the latest odds, you’ll start to spot discrepancies, and thus, EV betting opportunities.
Give your EV betting strategy enough time
Patience is a virtue, and impatience often leads to this next EV betting strategy mistake – giving up before you’ve given your strategy a chance.
Unfortunately, there are no guarantees in the world of EV betting. Sure, you can figure out the implied probability and give yourself the best mathematical chance of securing winning bets, but there is nothing to control the physical outcome of each fixture.
With this, losses will occur. However, one single loss doesn’t mean that your EV betting career is over. You have to look at EV betting like a marathon – not a sprint – and take the rough with the smooth. Losses will happen, but so will wins, so you’ll still need to stick with your strategy for a few months before calling it quits.
Read the bonus terms and conditions
When EV betting, you’ll find that some issues can’t be accounted for. As an example, your calculator could throw up an expected value betting error, or the odds may be miscalculated. However, there are some things you do have full control over — like reading through the bonus terms and conditions.
Alongside looking for the best EV betting opportunities, you’ll find that most online sportsbooks provide you with ongoing bonuses and promotions. Although this is not always the case, you could see that a bonus can be used on the EV betting markets you are currently reviewing.
Before you place your EV bets using bonus funds, please make sure that you are familiar with how each promotion works, including wagering requirements and expiration dates. After all, you don’t want to waste too much time at one single sportsbook playing through your bonus, as you could end up missing other profitable EV betting opportunities elsewhere.
Knowledge is the key to EV betting success
EV betting isn’t the easiest strategy to grasp, so you can be forgiven for the odd mistake while testing out new theories.
With this, we would recommend finding a group of experts to help bolster your own knowledge and potential winnings – similar to
PromoGuy+. Although you can’t ever guarantee that bets will land in your favor, they seem to have done a pretty good job of consistently finding and securing EV betting opportunities.
Plus, based on their recent stats, it looks like they are achieving a 30% ROI and up to $3,600 each month.
Stick to major leagues and markets
Although we could easily carry on adding to this list of EV betting strategy mistakes, we will finish with those of you who hover around the NFL, NHL, MLB, and so on.
For most of us, we will have a team, or number of teams, that we follow. However, due to the popularity of these sports, we aren’t alone. In turn, online sportsbooks will pay close attention to the latest news, injuries, suspensions, and rivalries, in order to offer competitive odds in line with the competition.
Sportsbooks assign various experts to review and manage this part of the online sportsbook. That means you will find fewer opportunities to test out your latest
profitable betting strategies
if you confine yourself to commonplace bet types, the moneyline, for example. So, there is no harm in looking at more niche proposition bets – this is where you may find the most market movement.
Top tips: A quick checklist to help get your EV betting experience up and running
Before we leave you to check out PromoGuy+, we’ve created this table focusing on a few key takeaways to help keep you on the right track.
| EV Betting Checklist | Key Takeaways |
| Sports | Any of interest. However, bear in mind that major US leagues are well covered by sportsbooks. |
| Markets | You will find fluctuations across the board. However, proposition bets and niche markets will have greater discrepancies. |
| Sportsbook | Do not remain loyal. Focus on the EV betting opportunities available at a number of safe and trusted sites. |
| Bankroll | Stay on top of things with safer gaming tools. Track your progress. Amend your strategies as necessary. |
| Assistance | You can always rely on the team at PromoGuy+ |
Stick to the plan and avoid making simple mistakes while EV betting
It is absolutely fine to make a mistake while getting to grips with EV betting. That is, after all, how you learn. However, wouldn’t it be nice to limit making too many mistakes directly associated with EV betting itself?
Hopefully, this guide has given you a little insight into the various ways you can avoid making common EV betting mistakes. Of course, the truth is that you aren’t always going to land a winning bet. But making sure that you consistently add to your own EV betting knowledge is crucial if you are ever going to leave fate in the hands of the athletes alone.
To help, we would suggest making use of our sportsbook comparisons, odds comparison tools, and our latest betting tips. Additionally, you can always get in contact with the team over at PromoGuy+ if you want to take your EV betting a little more seriously.
The best online betting bonuses in 2025
1.
Bet $1, Double Your Winnings Your Next 10 Bets
Wagering (WR): 1x Deposit
2.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Min. Deposit: $5
3.
Get $150 in Bonus Bets Win or Lose when you bet $5!
Wagering (WR): 1x Bonus, Min. Deposit: $10
Subject to meeting qualifying criteria. Minimum wager $5. Minimum odds -500 or greater. $10 minimum deposit. Paid in Bonus Bets. Bonus Bets wager excluded from returns. New customers only. Available in app only. Max. prize, game restrictions, time limits and T&Cs apply. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply.Gambling Problem? Call 1-800-Gambler 21+
4.
New Customers Bet $5, Get $300 in Bonus Bets If Your Bet Wins!
Min. Deposit: 5
5.
Bet $5 Get $200 in Bonus Bets If Your Bet Wins!
Wagering (WR): 1x Deposit, Min. Deposit: $5
Common EV betting mistakes FAQ
🤷♂️ Should I give up if my EV bets keep losing?
We can’t answer this. However, you need to understand that EV betting is a long-term strategy. Due to the nature of the sports themselves, you won’t win every EV bet you place. However, the probability of a win is far greater than if you bet blindly.
🤝 Where can I get help to boost my EV betting strategy?
We have plenty of great guides here to help you improve your understanding. We also have a dedicated team of researchers and reviewers over at PromoGuy+ who are already meticulously scanning the betting markets seeking the next batch of +EV odds for you.
🎁 Can I use a sports betting bonus with EV betting?
Yes. You can use a bonus at any point. However, it is important that you read through the fine print before locking yourself in. Before you can withdraw any winnings, you will need to meet certain requirements and could potentially miss out on other EV betting opportunities in the meantime.
Daily picks from betting experts on odds boosts and casino promos
