If you’re new to the world of sports betting and looking to maximize your profits with OddsJam, you’ve come to the right place. In this comprehensive tutorial, we will walk you through the essential tools and features of OddsJam, helping you kickstart your journey towards successful sports betting, Read Our Full Guide and Follow These Steps To Improve Your Profits with Oddsjam
Setting Up Your OddsJam Account
Before we dive into the tools and features of OddsJam, let’s start with the basics. If you’re new to OddsJam, you’ll first need to sign up for an account. Once you’ve done that, follow these steps to get started:
1. Select Your State or Country
OddsJam caters to users from different states in the United States, as well as various countries, including Canada, Europe, Australia, and Mexico. The first thing you should do after logging in is to select your state or country. This step is crucial because it tailors the available sportsbooks and bonuses to your location.
2. Access Your Profile
Click on your profile name in the top right corner. Here, you can manage your personal information, reach out for support, and handle your subscription settings. Pay close attention to the “Manage Filters” and “Bankroll Settings” sections within your profile.
The “Manage Filters” feature allows you to customize the sportsbooks you see on OddsJam. You can exclude sportsbooks you don’t use or add new ones if they become available in your area. This helps you streamline the odds you view, reducing clutter and focusing on the books that matter to you.
Bankroll Settings in Oddsjam
Your bankroll is a crucial aspect of successful sports betting. Adjust your bankroll settings according to your financial situation and risk tolerance. The “Kelly Criterion Method” is used to calculate the recommended bet size, which you’ll see throughout the OddsJam platform. Your bankroll and Kelly multiplier directly impact this calculation.
Exploring OddsJam’s Tools
Now that you’ve set up your OddsJam account and configured your preferences let’s explore the powerful tools that OddsJam offers:
1. Positive EV Tool
The Positive EV (Expected Value) tool helps you identify bets that have an edge. It calculates the recommended bet size based on your bankroll settings. Keep an eye on the recommended bet size, as it depends on your bankroll and the Kelly multiplier. This tool is your go-to for finding value bets.
2. Arbitrage Tool
Arbitrage betting involves betting on all possible outcomes of a game to guarantee a profit. OddsJam’s Arbitrage Tool helps you identify arbitrage opportunities, where odds discrepancies across different sportsbooks create a risk-free profit. It’s an excellent option for risk-averse bettors.
3. Low Holds Tool
The Low Holds Tool assists in finding bets with low vig or juice. Lower vig means better value for bettors. You can use this tool to search for bets with favorable odds compared to the market average.
4. Middles Tool
The Middles Tool helps you spot middle betting opportunities, where you can bet on both sides of a game and potentially win both bets. OddsJam provides you with the information needed to identify these profitable middles.
5. Fantasy Optimizer
If you’re into daily fantasy sports or player props, the Fantasy Optimizer is a valuable tool. It helps you create lineups or select player props with the best-expected value based on OddsJam’s data.
6. Sportsbook Screen
The Sportsbook Screen allows you to monitor real-time odds across various sportsbooks. It’s an excellent resource for comparing odds, especially for niche markets and alternative betting options.
7. Betting Education
OddsJam offers a wealth of educational articles that cover various aspects of sports betting. Whether you’re a beginner or an experienced bettor, you’ll find valuable insights on topics like positive EV betting, using OddsJam effectively, taking advantage of free bets, and much more.
8. Bet Tracker
Use the Bet Tracker to keep a record of your bets. Tracking your bets helps you analyze your performance over time, identify trends, and make data-driven decisions. The Bet Tracker provides essential statistics and charts to help you refine your betting strategy.
OddsJam is a comprehensive platform designed to empower sports bettors with the tools and information needed to make informed wagers and maximize profits. By following this tutorial and exploring the various tools and features, you can gain a competitive edge in the world of sports betting. Remember, practice and continuous learning are key to becoming a successful sports bettor with OddsJam. Good luck, and may your bets be ever in your favor!
Frequently Asked Questions
What is OddsJam, and how does it work?
OddsJam is a sports betting platform that provides bettors with valuable tools and resources to find profitable betting opportunities. It works by comparing odds from different sportsbooks to identify value bets, arbitrage opportunities, and more.
Do I need a subscription to use OddsJam?
While OddsJam offers both free and premium subscription options, you can use many of its features for free. Subscriptions provide additional benefits, such as access to more sportsbooks and enhanced features.
How do I set up my bankroll and bankroll settings?
In OddsJam, you can configure your bankroll and bankroll settings within your profile. You’ll specify your initial bankroll amount and set a Kelly multiplier to determine recommended bet sizes. These settings help you manage your bankroll effectively.
What is the Positive EV tool, and how do I use it?
The Positive EV (Expected Value) tool helps you find bets with a positive expected value, indicating potential profitability. It calculates the recommended bet size based on your bankroll settings. To use it, look for bets with a positive EV and consider placing wagers on them.
How can I get started with arbitrage betting using OddsJam?
Arbitrage betting involves betting on all possible outcomes of a game to guarantee a profit. To get started with arbitrage betting on OddsJam, use the Arbitrage Tool to identify opportunities where odds discrepancies between sportsbooks create a risk-free profit. Be sure to follow the provided instructions to place your bets accurately.