AI Summary
The video explains why profitable sports bettors are moving to peer-to-peer exchanges like Profit X and Novig instead of traditional sportsbooks like FanDuel or DraftKings. It demonstrates how these exchanges work, highlighting the benefits of better odds, no limits, and arbitrage opportunities.
Chapters
The video introduces Profit X and Novig as peer-to-peer exchanges that offer better profitability for sports bettors compared to traditional sportsbooks.
Exchanges function like normal sportsbooks but with a key difference: they show available liquidity at each line, allowing bettors to see how much money can be wagered at specific odds.
When betting more than the available liquidity at a line, bettors get blended odds, meaning they receive a mix of odds as they move through the order book.
For most people, it's recommended to start by taking existing lines on Profit X rather than setting their own lines, which is more advanced.
An example shows that placing a $10,000 bet would take liquidity at multiple odds levels, from plus 205 down to plus 199, whereas a $1,000 bet gets the best odds.
Unlike FanDuel or DraftKings, exchanges like Novig and Profit X do not limit bettors, even if they are winning or have good CLV.
Main lines have high liquidity, but player props and niche markets have less, though still more than traditional books for certain players.
Using OddsJam, bettors can find plus EV plays on exchanges, such as Wemby points under at plus 127 on Profit X versus minus 102 on FanDuel.
Large liquidity on a play may indicate sharp action, but even then, plus EV remains plus EV; small liquidity plays are less likely to be sharps.
Exchanges often have small arbs, especially between Profit X, Novig, Kalshi, or Polymarket, allowing bettors to get down large amounts without being limited.
Peer-to-peer exchanges like Profit X and Novig offer better odds, no limits, and arbitrage opportunities, making them essential tools for profitable sports bettors.
Mentioned in this Video
Tutorial Checklist
Study Flashcards (7)
What is the main advantage of peer-to-peer exchanges like Profit X and Novig over traditional sportsbooks?
easy
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What is the main advantage of peer-to-peer exchanges like Profit X and Novig over traditional sportsbooks?
They do not limit bettors, even if they are winning or have good CLV.
03:06
What does 'blended liquidity' mean on an exchange?
medium
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What does 'blended liquidity' mean on an exchange?
When betting more than the available liquidity at a line, you get a mix of odds as you move through the order book.
01:06
What is the recommended approach for beginners on exchanges?
easy
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What is the recommended approach for beginners on exchanges?
Start by taking existing lines rather than setting your own lines.
01:47
How can you identify potential sharp action on an exchange?
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How can you identify potential sharp action on an exchange?
Large liquidity on a play may indicate sharp action, but even then, plus EV remains plus EV.
05:45
What is an example of a plus EV play mentioned in the video?
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What is an example of a plus EV play mentioned in the video?
Wemby points under at plus 127 on Profit X versus minus 102 on FanDuel.
05:16
What types of markets have less liquidity on exchanges?
easy
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What types of markets have less liquidity on exchanges?
Player props and niche markets have less liquidity compared to main lines.
04:01
What is the benefit of arbitrage opportunities between exchanges and prediction markets?
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Click to reveal answer
What is the benefit of arbitrage opportunities between exchanges and prediction markets?
You can get down large amounts without being limited, even if the arb percentage is low.
07:48
💡 Key Takeaways
No Limits on Exchanges
This is a key differentiator from traditional sportsbooks, allowing unlimited betting for profitable bettors.
03:06Plus EV Example
Concrete example of how exchanges offer better odds than traditional books, enabling plus EV betting.
05:16Arbitrage Without Limits
Explains how bettors can exploit arbs between exchanges and prediction markets without being limited.
07:48Full Transcript
[00:01] through why you need to be using exchanges like Novig and Profit X if you want to be the most profitable sports better possible. I'm going to walk you through both the exchanges, how they work, and exactly why you should be
[00:13] making plays on them versus somewhere like FanDuel or DraftKings. So, I'm going to start out in Profit X for this video, but Profit X and Novig are going to work pretty much the same exact way. Um I'm just going to show you exactly
[00:27] over here on the left side, we've got all the different sports like you would for any normal sports book. And for all intents and purposes, this works pretty much just like a normal sports book would, but with one big caveat. So, as
[00:40] little numbers below these lines here. So, you can see that we can get New York 2,389 below that, and then San Antonio minus
[00:52] 210 501 below that. So, what those numbers mean is that's the amount of liquidity that's available. So, that means you can bet up to 2,389 dollars at this line of plus 205. Well, the moment you bet more than that,
[01:06] you're now getting odds at plus 200. So, you're getting kind of blended liquidity this, you would get the majority of that at plus 205, but you would get a little of it at plus 200. And this is different
[01:18] this is because this is a peer-to-peer exchange. Same thing with Novig, right? Everything here, there's a person or a syndicate or whoever it might be on the action out there and wants you to take this bet because they've got the other
[01:33] side. They've got the Spurs at minus 205. So, you can either fill in these take this line. So, you can take the own plays and put your own plays out there for availability. Now, what I'm
[01:47] going to suggest for most people here is you're going to want to just stick with getting started on Profit X. You don't want to deal with setting your own lines. That's something we can cover in a different video, but you're going to
[01:59] for this example here, right? Now, the reason this is so good, right? And real quickly, I'll show you it's the same exact concept over on Novig here, right? So, if we click on this, we click into this game, we go here, and we look, and
[02:12] we've got plus 205 on an X, right? So, same exact odds. So, here's an example showing you the blended liquidity, right? So, you can see there's a $1,030 here, we get plus 205 odds. But, if we go ahead and we make this $10,000, well,
[02:27] we're taking all the liquidity at plus 205 and 204, right? So, that's the first basically $2,000 here, and then the remaining is plus 203, right? And then we got it even a little more that we can't see down here all the way at plus
[02:41] 199, right? Because we're going all the way up to $10,000 here. Now, I would not right? You obviously want the best odds possible, so I would just go ahead and place $1,000 here, right? Because then you go ahead, you get the best odds
[02:54] possible for this, and you're going to actually be able to just wait, and you Now, you can see here, right? There's a There's a good amount of liquidity on these plays, right? So, there's $1,000,
[03:06] $6,600, $6,000 on the San Antonio side, right? And that's why this is so great. actually not going to be able to be limited by Novig or when you make plays.
[03:18] limited by Novig or when you make plays. Unlike a FanDuel or a DraftKings, on FanDuel, win money on DraftKings, get really good CLV, get really good plus EV plays, they're going to eventually limit
[03:33] you, and you're going to be able to put $25 down on a main line, and you know, all seen that happen, and a lot of us have probably have that happen to us, better. Well, places like Novig and Profit X, you can't do that. You can't
[03:47] peer-to-peer. Now, like I said, these main lines, won't always necessarily see that on, you know, these alternate lines, right? So, let's go ahead and we can click into here. And we're going to click out of
[04:01] So, you can see, for example, on Wemby's over, you know, there's not nearly as good amount, right? You can get down, you know, close to $200, $300 all the
[04:13] way at plus 104 odds, right? If you combine all of these for the liquidity, which you wouldn't be able to get down over on FanDuel or DraftKings more than likely, right? But, there's not nearly as much as the mainlines, right? As you
[04:26] thousands of dollars that had liquidity there. And this is, again, the most popular player. Let's go ahead and click off of him, and let's go maybe click on, you know, Devin Vassell, right? So, there's actually a decent amount here,
[04:38] but the odds get, you know, three to four points lower here, right? So, again, you can see on these player props, maybe these more niche markets, there's not nearly as much. Again, less than $1,000 in total on Dylan Harper
[04:51] in a million years be able to get down $1,000 on a player prop for Dylan Harper over on DraftKings, right? Now, when we hop into OddsJam here, you can see that
[05:03] there's a ton of plus EV opportunities available. So, we were just talking about Wemby points, right? We go ahead and we click in here and we can zoom in, right? You can see that the under is the plus EV play here. Now, you can see the
[05:16] under, right? The average odds for this are plus 104. Uh FanDuel, which is a player props, is minus 102 on this. Well, over on ProfitX, you can get this at plus 127. So, if you wanted to play this over on ProfitX, you could. This is
[05:31] nearly a arbitrage opportunity, right? cuz you've got plus 127 that you can get over on ProfitX. You've got minus 130 on FanDuel. You've got minus 129 on no vig, right? So, you can actually get really good odds here on these plays. You can
[05:45] get a lot of really plus EV plays here. Now, obviously, keep in mind, right? If only see there's $51 of liquidity available here, right? Now, this is not that's a sharp that's putting down thousands and thousands of dollars
[06:01] because there's only $51 available here right now, right? But, if you see that a play come up and it's on the plus EV tab like this, for example, and there is on this, you might be a little bit more
[06:13] could potentially to be some sort of sharp that's got this down, right? Because they're go ahead and they've got $1,500 down on this. It's likely one person, right? But again, plays where there's $28 of liquidity, $400 of
[06:27] liquidity, $87 of liquidity, they're not as likely to be sharps that are putting this action in. And you can go here and again see this play, right? Even with this potentially being a sharp, right? You can see that it's very good odds
[06:39] see, okay, a sharp book like FanDuel when it comes to these player props has when it comes to these player props has it at -132, average odds -125, even another exchange like Profit X has it at -128. Well, this person's put down -104,
[06:54] right? You can see how much this line has shifted, and -104 is really good odds here for this specific play. So, you could go ahead and place it even be a potential sharp out there. That doesn't mean they're going to hit plays
[07:08] every time. At the end of the day, plus EV is still plus EV. What you'll also see on these exchanges, right, is you'll see a lot of times there are much smaller arbs that pop up here, right? So, you've got this arb, for example, on
[07:21] player batting walks. Now, you can only get $272 down, and it's only 1.2%, but you'll see most of these arbs that are available, they include No Vig, right? Or sometimes you'll see Profit X pop up on here as well. But you'll see they're
[07:34] very small arbs that pop up here, and so some people will take advantage of this especially if you see arbs between Profit X and No Vig, where you can get down lots of money, or Profit X, No Vig, and Kalshi or Polymarket, where you can
[07:48] get down money without being limited, you'll see people hammer these because they can get down lots and lots of liquidity here. If you can get down liquidity here. If you can get down $2,000 on an arbitrage opportunity
[08:00] because it's between either Profit X, No Vig, Kalshi, or Polymarket, even though it's only maybe a 2% arb, which is really low typically, that's a free $40, and you don't have to worry about being limited, and you got it down pregame
[08:13] where you don't have to move nearly as quickly, right? So, that's another way They're not always going to be up for super long. They're not going to necessarily be the largest arbs out there, but you can get a lot of money
[08:27] down with your bankroll on these sites, especially for arbitrage opportunities. So, that's a really quick overview of both Profit X and No Vig, showing you how they work, why it's really important and it should be in your arsenal,
[08:40] better, and showing you the two main ways you can attack them right now. Let in the comment section, and make sure you subscribe for more videos like this.
