Welcome to week thirteen of a 52-week account of my experience over the year with OddsJam.
You can read about last week here: OddsJam Bettings Results for Week 12 of 52.
Recap
Week 13 was another very good week! Consistent profit most of the week with lots of bets in. Six out of the seven days have been profitable, which is great for positive expected value (+EV) betting as there is usually a bit more variance than that.
NCAA Basketball opened this week just to add to the markets available. Having NBA, NHL, NFL, NCAAF, and NCAAB all on at the same time leaves a lot of markets open for betting every single day of the week. Similar to week 12, week 13 has just offered up so many bets. Plenty of big edges again (6, 8, 10, 15+%). I don’t manage to hit these high edges all of the time, but adding in a good share above in that higher bracket sure does help the bankroll.
I’ve not had as many big player props as I was last week. Part of that is timing, in my opinion. Knowing when different books release odds is helpful as often it is the early odds that offer those large edges. I’m seeing a lot of arbitrage bets listed. Unfortunately, many are listed with books that I do not currently have accounts with. I’ve purposely added in extra books that I am not using yet to get an idea of how many +EV and arbs get offered up so I can plan where I should look to register next.
I mentioned last week that I have been running into limits at a few books with player props. As frustrating as that has been, a side effect is that I simply place more +EV player prop bets at those books (even for the same game), and that has been very successful.
To try and get more bets in on NFL games, I’ve decided to try and place more early bets. In the past, I would have waited until game day. However, with only 24 NFL bets placed last week, I’d like to boost that number to something over 30. Perhaps it is timing, but I know there are more bets available on NFL than the 24 I managed this week.
NBA bets, mostly player props, have again driven the profits this week. This isn’t surprising as I’m starting to see consistently more +EV bets to be made on NBA games.
NHL was profitable again this week. There doesn’t seem to be as many +EV bets available and I only managed 27 bets for the week on NHL games. I’ve noticed that ‘shots on goal’ has not been kind so far this season. I’ll keep an eye on that as perhaps it is a rare market to avoid. Very hard to tell with such a small sample size. I should check with the crew at OddsJam (they have great customer service).
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Highlights
The biggest edge I found for the week was Jordan Clarkson to have under 25.5 Points+Assists+Rebounds in the Jazz-Pacers game. I missed this one, but it was a 17% (almost 18%) edge!
The longest odds I hit for the week was the Blues-Avalanche game, with the Blues taking the 1st-period money line at 2.67 odds (+166 American). I also hit a few at 2.55 odds which is always a nice boost.
The worst miss for the week was the Warriors-Pistons game. Killian Hayes made more than 5.5 assists and I had him on under 5.5 at 1.70 odds (-143 American). This certainly isn’t a stretch, but I didn’t place many bets with lower odds than these like I do some weeks.
Results
I’m up a respectable 51.6 betting units for the week (a betting unit is my smallest wager).
I’ve managed to up the number of bets placed again. This week I managed to place 227 bets – an average of more than 30 a day. I even managed 55 on Friday, which made up for the 4 on Tuesday. A generally consistent week.
However, something I did notice this week was the wild swings within a day. I had a bit more time so looked for more bets and checked on progress a few days this week. The swings truly are insane with one day starting 10-0 only to just about even out by the end of the day, while another started out 0-6 and again ended up about even. I think I’ll go back to just checking at the end of the day.
A few arbs in this week and I even managed to place a middle bet. As mentioned above, there are some books that seem to have more arbs that I should be taking advantage of. However, until I register and deposit there, I’ll just have to keep working the +EV bets.
The Numbers
I beat the CLV 84% of the time this week, which still seems too high. As mentioned, I’ve started to place some bets earlier than I usually would so I was expecting the CLV figure to go down. It hasn’t which tells me that I should try to place even more bets early AND more bets with a smaller edge. I won 52% of the bets for the week. There seemed to be a lot of bets just under even, so this is in line with expectations. My profit margin for this week was a respectable 5.9%, which is around long-term expectations meaning that returns this week were around the expected.
A New Trend
Something that I have noticed over the past few weeks is that my average bet size and the total amount wagered over the week have been steadily increasing. The increase in the total amount wagered is not surprising as I’ve been placing more bets. The average bet size increase is expected as bet size is linked to bankroll. So, since I’ve had some steady profits and adjusted my bankroll, I’ve been able to increase my bet size. Compound returns are a wonderful thing.
November has started overwhelmingly positive. I’ve been profitable 9 of the 11 days this month. Let’s see if I can keep that rolling!
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