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2022: How I Made $205,000 Profit Sports Betting in One Year
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- เผยแพร่เมื่อ 11 มี.ค. 2023
- My Twitter: / alexmonahan100
Email: Alex@OddsJam.com
Positive EV Tool: oddsjam.com/betting-tools/pos...
Arbitrage Tool: oddsjam.com/betting-tools/arb...
Spreadsheet to calculate profit goals: docs.google.com/spreadsheets/...
My Pikkit Profile (3rd party bet tracker): links.pikkit.com/user/oddsjam...
In this video, I break down how I made $205,000 sports betting in 2022. I cover a variety of key concepts to become a sharp, profitable sports bettor.
I began betting much more seriously once sports betting legalized in the United States in 2018. This was after a Supreme Court ruling. Major sportsbooks like FanDuel & DraftKings entered the United States.
The main profitable sports betting strategies discussed are arbitrage, Positive EV and sportsbook bonuses. These are three easy ways to make money off the sportsbooks.
#sportsbetting #makemoney #betting
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
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 =)
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?
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
I just subscribed now
Great video
Thank you for sharing this information with us 🙏
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
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.
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
I respect ur point most can't even show they made 100k u broke it down great
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 appreciate you for making these videos 💯
of course !
Just got into sports betting this January, I’ve been watching TH-cam 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?
Hey man love the content my question is are the bets always one size or you double up when you loose on ev?
Hello, what site do you use for finding the odds please
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
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.
Thanx 4 the excellent video Alex. What did FanDuel limit you to and do you sell information ?
No feelings, just money
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!
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.
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?
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?
Beyond the Kelly Criterion, any advice on bet size : odds to ensure you're not eaten by variance?
Appreciate the video. Keep winning my guy !
Appreciate YOU! Let's make $
I love how much this is like trading option in the stock market oh no bueno I found a new hustle for the weekends hahah
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?
Thanks , everything cleared
Local Hoosier (assuming based off of the T Shirt). Huge thanks for this video, im just starting out.
what's the best app which shows odds comparison on all books?
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?
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
We’re at war with the Sportsbook. Agreed
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.
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.
I beat the books 📚 EVERY DAY!!! Great video 100
But hey where do I see the betting line discrepancies that you see here what platform is that?
what is the site that allows you to see the prices for each different sportbook like you were doing?
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 use stake at all?? That’s the best place I like to keep my bets! What do you use mainly??!
This works in the UK too.......... I'm the living proof 😀
Stanford was always top 3 Universities growing up.Hats off...Tuition is well above what the avg American makes.
You and me think a ton alike. Love the video
I like how hard you stress to people that they need to put in the work.. Its every single day.
Looking now more at this all
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
Question: how do you report these type of earnings to the irs
I like this idea mayb I should switch to a bunch of single bets. But I see people winning on parlays. So mayb that’s the problem trying to get a 5-25 parlay to hit
video on guy winning 72 k minus txes i vegas 10 picks we had a guy hit 16 hockey first day for only 2 dollars 13k and others
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
how do you have so many sportsbooks? doesn't pa only have like 14 legal books? my state only has 3 legal books
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 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
but how do u know what team to put your money on
What’s the name of that website you’re using?
Good Vid Bro...Question for you though...What if you live in a state like Wisconsin? How is Underdog fantasy picks legal here but yet the same Draftkings prop bets not legal in WI? Any suggestions on where to take advantage of this system in WI?
That's what I'm saying all these guys have access to all the sports book, but me in New York barely have access to half of them.
What if I live in a state where I cant use multiple sportsbooks...?
So do you use offshore books because the American ones limited you?
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
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
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
Man, this is still science to me, but I really wanna keep learning… 😟😕
Been there done that. These betting sites will lower your limit.
How do I legitimately learn how to sports bet? What sites are legit to bet? How I learn about points and parlays and everything?
How about availing services to copy bet?
Hi Alex---Very informative video!!!!!
Can you please make a video on all the steps you would take,
if you were just starting out as a beginner?
Specifically,
a plan to make $1,000 per month on average.
THANK YOU!!!!!
Yes good idea
Thank You!
i say using a objective you can afford to double a number of times no need to bet big on a pick start with 50 dollars if you lose bet 100 or a little more if using minus 110 you shd win 1 of 4 then start over why bet big on a game if you can win that way/its a slower process you can make several progressions at the same time
It looks like the NBA is your main cash cow. I take it you recommend most bets be made in that league and not the NFL? I've won some in the NFL but I seem to be having a bit more luck with the NBA.
So time consuming, but it’s enjoyable I feel like I’m playing RuneScape,
Been staring screens and wracking my brain about juggling bonuses and turnover requirements for a few days and not sure if I’ve even broke even yet due to making dumb rookie errors 😅 gotta be 2-300 bets deep 🐎 see when they result how the spreadsheet looks 🤞
Don’t try to arb your bonus bets with a line on one side to improve the odds 😢
Why not arb bonus bets?
I love RuneScape. Love how you said that lol
What if I live in Portugal? Books here suck
Whats the name of that app where you see all those books?
What app are good for Arizona?
Around 3:00 - 3:39 you kept subconsciously shaking your head no when trying to describe what "you" can do
30 minute ad for oddsjam
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 !
@@RoyChadwick51 ?
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@@RoyChadwick51
Do you have to pay tax on the net profit ?
So you need to pay for subscription to Odds jam?
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??
Man to this day i never forgot a major error made by my local bookmaker. It was a soccer match between Canada and Saint Vincent and the Grenadine. They REVERSED the O/U 2.5 goals odds by mistake... Yes that match was always gonna be a Canadian slaughter and -2.5 was standing at 1.15 or something like that and the +2.5 was standing at something like around 4.xx... This was 2008 and i still remember it to this day. I never saw this mistake ever again. Either someone was very tired that day or someone was about to quit their job. xD
lmao
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....
What site is that that shows you all the books lines for the games?
Roi good, not huge volume though, I get 4x this volume😮
What tools are in the UK?
love the videos haha I I have 3 siblings, whom are all married. they know nothing about sports betting and had no accounts set up- so over the holiday I signed each of my siblings and their spouse up for : Fanduel, draftkings, and MGM I was able to hedge their promotion money out to where each couple got $1,000.00 and only used $100.00 per couple to trigger the promo money. Long story short 10x return on $100.00 was the talk of Christmas. Got me thinking ;I wonder how many couples there are in the world whom this process was applicable to. LMAO! There is money to be made in the sports gambling arbitrage world. BUT you better come with some bankroll and time commitment. People think they will turn $500 into $100,000.00! ain't happening.
Bro can I contact you. I wanna learn about the website u used and all stuff.
Depends how long is the life of each account...on some bookies you get limited 2-3 per day...
What app showed all the sports bets at once that you are using
Do you know now?
Only way to be slots player full time, if youre streaming and do affiliate for the casino.
How do I get your daily plays
Please explain your math at 4:30
What app do you use
Do you have to pay for arbitrage
im a $10 bettor and having $200k would be a dream
Take that $10 buy an audio book on how to sell? Then start selling oddsjam subscriptions like this guy did to people like YOU who want to turn $10 into $200k 😂
*seriously* thats an option either that or put $10 dollars on a 15 team parlay cross your fingers and hipe it hits 🤞
@@jeremyscorpio4170
That's terrible advice. Nobody is going to make 200k betting $10. That's the first thing.
Secondly your bankroll has to be at least 100 times bigger than your bet size.
Thirdly to win you need to master the LOSING STREAK. Nothing else. The very thing that defeats 99% of gamblers is what you must master.
@@jeremyscorpio4170 Man I've been running 15 leg over/under parlays on the Sunday & Monday games since the NFL season started... a dollar will get you around $16K. I usually do at least 20 of them. Crossing my fingers!!!
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!
What app is he using?
Whats the website you use to compare props?
Did you figure it out?
We should talk about the 51% for taxes
What are the best sites for sports betting
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
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 ?
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...
Be nice if you could sell your bet when its in the money
Exactly
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!