OddsJam – The Easy Tool for Advantage Betting

What is OddsJam?

OddsJam is a powerful sports betting tool that aggregates real-time odds from over 100 sportsbooks. It helps bettors find opportunities to profit through three main strategies: Positive Expected Value (EV) betting, Arbitrage betting, and Promo Conversions.

Positive EV Betting

Positive EV (Expected Value) betting is placing bets where you have an edge over the house. This does not mean that the bet is guaranteed to win.  It means that the odds that are offered by the sportsbook are better than the odds of an event actually happening, and in the long-run over the course of placing hundreds or thousands of bets you’re mathematically guaranteed to make a profit.

An easy way to think of this is to imagine getting +105 odds on tails in a coin flip. This means that if I wager $100 on tails, I’ll win $105 for a total payout of $205 if the coin lands on tails. I have no idea whether the coin will land on heads or tails on this next coin toss, but I know that if I place this bet hundreds or thousands of times, it is statistically certain that I will profit as around 50% of the tosses land on tails.

OddsJam calculates “fair odds” (also called “no-vig odds”) by removing the sportsbook’s built-in margin, or “vig” (short for vigorish). For example, if a sportsbook lists both sides of a bet at -110, the fair odds would be closer to +100. OddsJam uses odds from multiple books to compute a weighted average and then flags bets where a particular sportsbook offers a better line than that fair market price – those are your +EV bets.

What does this look like in practice? Well here are my own personal results from doing this every night for about 2 months during NBA season:

Here I’m tracking what sportsbook I’m using, what the bet is, the odds I got on that book, the “no-vig odds”, how much I bet, how much the expected value of the bet is, and what the result was.  At the bottom is my total EV generated for this period of betting, and the total amount that I won and lost.  I’ll be honest, I was truly shocked by just how accurate OddsJam’s calculation of expected value is, as my EV aligned almost perfectly with my profit over time.

Arbitrage Betting

Arbitrage betting is a low-risk betting strategy that involves placing bets on both sides of a bet on two different sportsbooks to guarantee a profit. OddsJam identifies these opportunities by finding anywhere that the (+) odds on one side of a bet are greater than the (-) odds on the other side of the bet. Imagine getting +105 odds on tails and +105 odds on heads.  If you bet $100 on each side, you would make a $5 profit no matter the result of the coin flip.

Here’s an example of what this looks like in sports betting:

Here are two bet slips for an arbitrage bet I made on a recent NBA playoff game.

• Bet 1: $95 to payout $304 on Derrick White 7+ Threes
• Bet 2: $200 to payout $309.89 on Derrick White under 6.5 Threes

In this situation, if Derrick White hits 7 or more threes, I win the first bet, and if he hits 6 or less threes, I win the second bet.  I bet a total of $295, and will get back either $304 or $309.89 because no matter what happens, one of these bets will win.

How to Convert Promos into Profit

Promo conversions are a great way to build your bankroll as a new bettor. Lots of sportsbooks have great promotions for new users, and lots of sportsbooks also give out bonus bets as rewards to keep their customers happy.  OddsJam has a promo conversion tool that allows users to turn their free bets or no-sweat bets into guaranteed profit.

Let’s break this down with an example:

• Bet 1: $0 to payout $60 on Corbin Carroll to hit a home run
• Bet 2: $50 to payout $57.07 on Corbin Carroll to not hit a home run

Bet 1 is my $10 bonus bet, meaning I’m not risking any money on it, but it will pay out $60 if it wins. On Bet 2, I’ve placed $50 of my own money to win about $7 if Corbin Carroll doesn’t hit a home run. So I’ve wagered a total of $50 and I’ll get back either $57 or $60 no matter what.

OddsJam Pricing: Gold vs. Platinum Plan

OddsJam offers two main plans for sports betting.  Here’s a breakdown:

Plan	Cost (Monthly)	Cost (Annually)	Features
Gold	$200	$2000	Pre-Game arbitrage bets on domestic sportsbooks
Platinum	$1000	$10000	Live arbitrage bets on offshore sportsbooks

OddsJam also offers a 7-Day Free trial, and lots of discount codes to get 35% off on your initial purchase. Let’s go over the key differences between these two plans.

1. The Gold plan only has pregame odds, the Platinum plan has live odds

This is important if you’re interested in putting serious time into arbitrage betting. The lines move fast during games, and sportsbooks can vary significantly more in their odds, meaning that you can make more money off of +EV and arbitrage betting.  Note that this is time consuming, but very profitable.

2. The Gold plan has odds from domestic sportsbooks (Fanduel, Draftkings, Caesars, MGM, etc.), the Platinum plan also has odds from offshore books (Bovada, BetOnline, MyBookie, etc.)

Depending on what sportsbooks you like to use, this can also be important.  If you live in a state where lots of domestic books are available like Virginia, Illinois, Pennsylvania, etc. you may not be interested in the platinum plan for offshore books. If you live in a state where most domestic books are illegal, it may be worth looking into the platinum plan if you’re interested in getting into the game.