AI Summary
This video is a walkthrough of the new Flex Parlay features on the social sweepstakes platform Rebet. It explains how Flex Pick acts as an insurance-style parlay, shows how the slider lets you choose how many legs you can lose while still getting paid, and finishes with a positive expected value (EV) betting strategy powered by OddsJam. It ends with a signup promotion for OddsJam viewers.
Chapters
Rebet is a social sweepstakes platform available in 37 states. It is free to play, players can win real cash prizes, and it is positioned as a useful option in states where sports betting is not available, such as Florida and Texas.
With a standard parlay, if one leg misses, the whole ticket fails. Rebet's new Flex Pick solves this by offering an insurance-style parlay that tolerates losing legs.
When you build a Flex Pick, a slider bar lets you select how many legs are allowed to lose on the parlay. Because the platform is taking on insurance risk, the payout is reduced compared to an all-hit parlay.
The slider determines how many losing legs you are protected against. Adding alive 4-leg option shows different potential payouts depending on how many legs actually hit.
You can build 5, 6, 7, or 8-leg parlays and still use the slider approach. You are not required to hit every single pick to get paid.
The displayed payout changes depending on whether you have American or fractional odds selected. Users should verify the correct odds format in their Rebet settings.
The video shows a 5-leg example where the possible payout differs by insurance level. For example, all five picks hit and paying out can change between plus 449, plus 655, and plus 308 depending on how many legs you allow to lose.
Flex Pick is not limited to singles. It works with SGPs, standard parlays, and in-play live-bet combinations, giving users options such as Payout A, B, or C.
For a moneyline bet, such as a World Cup match, if your side goes up by two goals, you get paid automatically as a win. Even if the team later blows the lead you no longer sweat the outcome.
The internet sites a positive EV tool on OddsJam. The recommended configuration is de-vigging to Circa as a sharp sportsbook, an odds range of about -200 to +150, and selecting leagues and markets where you have an angle.
Kevin Gausman under 5.5 strike outs at plus 110 odds is presented, with Circa showing an over 7% edge. That is a core example of a positive expected value selection.
Activating Flex Bet reduces the payout and therefore reduces your expected value. You need to do the math first to ensure the edge is still valuable, especially for higher-variability plays.
Using code OJ when creating a new Rebet account grants a $100, $100 deposit match. The creator encourages viewers to test the new Flex features.
Rebet's Flex Bet and early-win features make parlays more forgiving by letting bettors absorb two or three losing legs while still cashing. The key is to pair them with genuine positive EV picks and to remember that insurance reduces your payout, so it is worth only when your edge has enough cushion.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (10)
What is Rebet?
easy
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What is Rebet?
Rebet is a social sweepstakes platform available in 37 states, free to play but with real cash prizes.
00:13
What problem do Flex Bets solve for parlay users?
easy
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What problem do Flex Bets solve for parlay users?
In standard parlays, if one leg dies the whole ticket loses. A Flex Bet acts as insurance so you can still get paid if some legs miss.
00:39
How do you choose how many legs can lose in a Flex Parlay?
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How do you choose how many legs can lose in a Flex Parlay?
Using the slider bar on the Rebet platform, you select the number of legs that are allowed to lose on the parlay.
01:04
Why is the Flex Parlay payout slightly reduced compared to a normal parlay?
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Why is the Flex Parlay payout slightly reduced compared to a normal parlay?
It includes insurance. With a Flex Bet, the platform guarantees payment even if some legs miss, so the payout is naturally lower.
01:17
How does odds format affect a Rebet flex bet?
easy
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How does odds format affect a Rebet flex bet?
The payout shown changes based on returns whether you have American or fractional odds, so you need to set the correct odds format in settings.
02:25
What is the early win feature on Rebet?
medium
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What is the early win feature on Rebet?
It is in a moneyline bet, such as a World Cup match: if your team goes up by two goals you get paid out as a win automatically, even if they later blow the lead.
03:49
What tool does the creator use to find positive EV bets?
hard
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What tool does the creator use to find positive EV bets?
OddsJam positive EV tool, with de-vigging to Circa as the sharp sportsbook and filters for odds range, league, market, EV percentage, and date.
04:16
What is one specific positive EV example given in the video?
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What is one specific positive EV example given in the video?
Kevin Gausman under 5.5 strikeouts at plus 110 odds, with Circashowing more than +7% edge.
04:46
Why does using a flex parlay erode your positive EV?
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Why does using a flex parlay erode your positive EV?
Because Rebet pays you a reduced payout to be active with insurance on a parlay. That reduced payout cuts into your edge, so you need enough edge before you add insurance.
05:40
What is the OddsJam viewer offer for new Rebet users?
easy
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What is the OddsJam viewer offer for new Rebet users?
Use code OJ when signing up for Rebet; on a first deposit of $100 you receive a $100 match.
06:05
💡 Key Takeaways
Rebet fills a gap in restricted states
It explains why a sweepstakes platform is available in states where traditional sports betting is not.
00:13Insurance parlay mechanics
The slider bar is the entire basis of Rebet, which is a useful, concrete demonstration of how flex insurance works.
01:04Early-win payout automation
The automatic two-goal payout is the kind of feature that can reduce risk-taking and help emotional betting.
03:49From OddsJam to an explicit 7% edge
It shows a clear practical path from line-shopping to a bet with an actual edge: Gausman under 5.5 strikeouts at +110.
04:46Payout protection is not free
The reminder that Flex insurance eats into your edge is the clearest, most valuable caution in the video.
05:40Full Transcript
[00:01] serious upgrades to their platform. And after seeing what they've been working on, I had to make a video to break it down. I made a Rebet tutorial a while video out, it'll be linked in the description below. But they've added
[00:13] changed the way to make money on this platform. Let's dive in. But before we Rebet, they're a social sweepstakes platform that's available in 37 states.
[00:25] So, if you live in Florida or Texas, this is where you want to take advantage sports betting isn't available where you live. It's free to play, but you can win real cash prizes. And there's some serious edges on this platform. Now,
[00:39] let's get into what's new. So, the problem with standard parlays is if one So, you can see over here looking at the White Sox-Orioles matchup, we currently have the SGP selected. If we come over
[00:51] here to Flex Pick, this is where things change dramatically. Flex Bet is essentially an insurance-style parlay. Now, what you're going to see over here is once we have our selections made. So, I have yes runs first inning, White Sox
[01:04] to win, the over 10 and 1/2. Then you're going to notice that we have this slider bar right here. With this slider bar, you can select how many legs are allowed to lose on your parlay. Now, because you're taking insurance, the payout's
[01:17] going to be slightly reduced compared to a normal three-leg parlay, but you have insurance built in. So, I added a fourth leg to this parlay. And what you'll this is where you're going to see your outcomes in terms of how many legs on
[01:32] your parlay hit, that's going to be your payout. If you go up to two out of four, you're going to notice then that the payout starts to increase, and so on and beautiful thing is, if you want to start
[01:44] to tack on some extra legs, like five, six, seven, eight-leg parlays, this is options with the slider bar, where you're not going to have to hit on every single pick to still get paid. So, looking at this Mets-Blue Jays matchup,
[01:57] I like the Mets to win. I like the under eight. Then, I'm going to come over here there's going to be a run. That kind of pairs up nice with my under. Come over to get at least six strikeouts. Gausman's going to get at least at least
[02:11] six strikeouts. We come down here and then over here on the flex pick, this is our payout. Now, one thing that's important to note, depending on your settings, whether you're American or fractional odds, this is going to change
[02:25] sure that you have the correct odds format selected in your settings profile. But again, when you come over here, if I think that maybe three out of notice if I hit all five picks, we're getting paid out of plus 449. If I go
[02:40] though up to four out of five and all five picks hit, I get paid out plus 655. This drops though if I go to two out of five and five out of five hit, it's plus 308. So, this is where you have a ton of customization at your fingertips where
[02:54] you can select what you like in terms of the odds, how many legs that you want to go out of. But the best part is, if you don't hit all five, selecting the options here at your fingertips, you're still in the game or you still have a
[03:06] chance to cash. Now, when it comes to the flex bet parlays, this just isn't applicable for SGPs, but also just your standard parlays plus live betting when you're cooking up parlays live betting. So, White Sox, Phillies, Rangers money
[03:20] parlay. We can come over here to flex pick and we have those same payout options available to us, whether it's payout A, payout B, payout C, etc. Remember, when you're using the flex parlay option, you have insurance baked
[03:35] three here and you get paid out of plus 256, naturally, if you just took the standard parlay option at plus 49, it's a higher payout. But what you're baking into this with the flex pick is insurance in case you don't go three out
[03:49] going to get paid. Another feature that I love here on Rebet is the early win. on the money line when it comes to the World Cup. If they go up by two goals, you get paid out as a win automatically. So, this creates some interest, right?
[04:04] If you take an underdog and they go up by two, it's an automatic payout. If they blow the lead, you don't have to sweat your bet. So, let's talk about how and make a boatload of cash. So, one of
[04:16] positive EV tool over here at OddsJam. Come up to the filter section. I'm currently de-vigging to Circa as my sharp sports book. Using the power selected as my sports book. Now, for your odds range, this is where wherever
[04:30] we want to go after something like a minus 200 odds to up here to plus 150. EV percentage, I'm not going to select anything right now. And the date range you want to select a certain league, market, you have an angle on something,
[04:46] this is where you can really get into the customization here over at OddsJam. We have five results. Hey, Kevin Gausman, under five and a half strike outs at plus 110 odds. Circa says there's an over 7% edge. So, if you know
[04:59] me, I typically like to cook up standard traditional parlays. So, adding Gausman Guardians and the Rangers no runs first Cade Cavalli, the edge is a little bit lower for me. So, I'll peruse around and
[05:13] FanDuel have? Well, they have nine different results. Maybe we can go over here and add this NBA player prop. This is our standard three-leg parlay. And now we have an edge on all three of these legs. And if you wanted to add
[05:26] insurance because our edge is so high, we could take a reduced payout and then have insurance baked in. Now, for those of you that have a higher taste of risk, three-leg parlay. But, if you're a little nervous about running parlays
[05:40] consistently, this is where that flex parlay is going to be so valuable to you. Remember, because we're receiving a reduced payout on Rebet, we're going to eat into our edge on each one of these plays. So, you want to make sure that
[05:53] you go through the math to see that the edge is still valuable for us. But, the higher EV edge plays that we have, the more cushion that we have to take a reduced payout. Signing up with Rebet is incredibly easy, and there's an
[06:05] exclusive offer for Odds Jam viewers. Using code OJ when you sign up for the first time creating a new account on Rebet, when you deposit $100, you'll receive a $100 match. Go check out these new features for yourself, and let me
[06:17] know in the comments below, how do you feel about the new Flex Parlay option feel about the new Flex Parlay option that's available to you with Rebet?
