How do Sportsbooks Work

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In this video, I break down how sportsbooks work. The goal of this sports betting tutorial is to help you make money gambling.

As a sharp sports bettor, it's CRITICAL to study your enemy. You need to know how sportsbooks work - it's a zero sum game! You make money off the sportsbooks, or they make money off you.

We discuss how sportsbooks make odds. Odds are the same thing as implied probability. A -200 betting favorite = a 2:1 favorite = 2/3 to win. A -300 betting favorite = a 3:1 favorite = 3/4 to win. Odds signify win probability, the same way stock prices signifies valuation of a company.

Sportsbooks are CONSTANTLY adjusting their odds due to lineup news, injuries, sharp action, betting volume, etc. I give an example in the stock market where Nvidia dropped 15% due to DeepSeek news.

I used to work as a quant trader. I was a market maker at firms and investment banks like SIG (Susquehanna Trading) & Morgan Stanley. I explain how financial market makers are nearly identical to sportsbooks. All online bookmakers, such as DraftKings & FanDuel sportsbook, are just market makers. They set lines & adjust them.

I explain line movement in sports betting. We discuss how sportsbooks move and adjust odds. I give examples on NBA player prop bets. I have a PrizePicks / Underdog Fantasy 5.5 point middle on an NBA prop.

The OddsJam sports betting software has real-time odds from 200+ sportsbooks, including DraftKings & FanDuel. Data is the KEY to being a profitable sports bettor long-term.

#sportsbetting #fanduelsportsbook #draftkingssportsbook