Last updated on September 10th, 2023 at 07:05 am
Sports betting has become a popular pastime for many. Also, the NFL is one of the most exciting leagues to bet on. However, to succeed in NFL betting, one must understand the concept of +EV, which stands for positive expected value. +EV NFL betting is the key to long-term profitability.
In essence, +EV betting involves finding opportunities where the potential payout outweighs the implied probability of an outcome. If you consistently make +EV bets, you will be ahead in the long run. To determine the expected value of a bet, you need to consider both the potential payout and the probability of winning.
To illustrate this concept, let us say you are betting on an NFL game where the odds of a team winning are +200. If you bet $100 on that team and they win, you will receive a $200 payout. However, the implied probability of this outcome is only 33.3% (1 divided by the decimal odds). If you believe the team has a higher chance of winning than the implied probability, this bet would be considered +EV.
Advanced Techniques for +EV NFL Betting
Once you have a solid understanding of +EV betting and the art of finding value, you can take your NFL betting game to the next level with these advanced techniques:
Effective bankroll management is crucial for long-term success in NFL betting. Don’t be tempted to bet beyond your budget. Avoid chasing losses and resist the temptation to bet more than you can afford. By managing your bankroll wisely, you can weather the ups and downs of NFL betting and maintain a positive expected value.
According to sports betting tutorials, line shopping involves comparing the odds different sportsbooks offer to find the most favorable lines. Having accounts with multiple bookmakers and regularly checking their odds, you can take advantage of any discrepancies and secure the best possible value for your bets.
Utilize advanced analytics
Advanced analytics tools can provide valuable insights into player and team performance. Metrics such as yards per play, turnover differentials, and red zone efficiency can help you make more informed betting decisions. By combining these analytics with your research, you can identify potential +EV bets.
Mastering +EV NFL betting
Cracking the code of NFL betting and mastering +EV requires patience, research, and a disciplined approach. By understanding the concept of positive expected value, finding value in NFL betting, and utilizing advanced techniques, you can increase your chances of long-term profitability.
Remember, +EV betting is not about winning every bet but making smart bets with a positive expected value. Stay disciplined, manage your bankroll wisely, and refine your betting strategies before using betting software. With time and dedication, you can unlock the secrets of +EV NFL betting and enjoy the thrill of consistent profits.
Aside from betting on football, you might have thought, “I want to be a bookie.” If that is the case, you can start one with the help of a pay per head solution.