Video Summary

Positive Expected Value (EV) betting is a profitable strategy that can be used by anyone, regardless of their level of experience or location. EV is a term originated from probability theory, and it refers to the anticipated return on a bet or trade. In sports betting, calculating the EV of a bet is simple. It's the cumulative total of every possible outcome's payoff multiplied by its likelihood of occurring.

An example is a football match between West Ham and Chelsea, with odds of 2.8 for the draw. If the match ends in a draw, the EV of this bet is calculated by the probability of the draw multiplied by 1.8, plus the probability of the match ending in either team winning multiplied by -1.

To find EV bets, look for odds discrepancies in lower-quality events, such as foreign football leads, and markets like underserving goals, corners, and cards. These events often provide the best opportunities for price discrepancies. You can use software tools, such as OddsJam or OddsMonkey, to help identify these opportunities.

Unlike Arbitrage betting, which requires placing multiple bets to cover all possible outcomes, positive EV betting focuses on identifying undervalued bets. This strategy is more profitable in the long run, as it eliminates the need for betting on both sides of an event.

The key to successful positive EV betting is to focus on bets with a positive EV, rather than trying to hedge bets. This approach can lead to significant profits over time. A study on the author's betting history shows a profit of over 6,000 pounds from one account. For more information on this strategy, check out the video's end screen.