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Shane Huang

Shane Huang

220,000 subscribers

👁 232,176 views

The Mathematical Truth About Sports Betting... | Sports betting explained

Video Overview & Insights

👋🏻 Hey guys! In today's video, I explain how the mathematical truth behind sports betting (sportsbetting) and why you can expect to lose a lot of money. In this sports betting explained episode, I use expected value (EV) calculations to show the mathematics of betting on sports.

🏆 🏆 For those who do want to learn the trade and make money betting yourselves (like a pro trader) and be able to make on average $500/ week, then you can check out my 5 - part sports betting course over on my website at:
Australia/NZ: https://shanehuang.com.au/course/

USA/Canada: https://arbitragecamp.com/usa-course/

— @ShaneHuang88

I explain all about multi bets, bookie edge, implied odds using a betting exchange which are the foundations of any sports betting education. Then I go over a couple sports betting tips and strategies so you wont lose money in the future. Hope you guys can find it insightful but please do more research first betting before betting any of your actual money.

🏆 🏆 For those who do want to learn in depth the arbitrage and positive EV strategies I use with real practical examples to help you get started, then you can check out my 5 - part sports betting course over on my website at:

You are great my friend am learning a lot

— @wisdommudenda5409

AUS/NZ: https://shanehuang.com.au/course/

USA/Canada: https://arbitragecamp.com/usa-course/?utm_source=YT

💈🩸💈🎲💈🩸💈

— @chrismcnally4328

Discord Group: https://discord.gg/3ExG9erVAC

If you enjoy this video and want to see more about money or university life, please leave a comment down below saying what you would like to see next and any new video ideas are always appreciated!

I need to learn about percentages and decimals and fractions smh those are not my strong pints. I know the BASIC - add, subtract, multiply and divide..BUT I AM WILLING!

— @SoSo_DC

🙋🏻♂️ Who am I?

My name is Shane and I am an Australian 4th year student studying Engineering and Commerce at The University of Sydney. This channel is dedicated to studying tips, money and insights into college life. I hope you can find this useful! Enjoy!

lifetime time update everyday

— @mdmorsthedalam1135

✌️ Remember to SUBSCRIBE! See you in the next one! https://www.youtube.com/shanehuang88

⚠️ DISCLAIMER: This video is not gambling/ investment advice - while the strategies and math I teach and the tools recommended will provide an advantage, there is still user error and luck involved when it comes to betting which can lead to losses. These videos are for educational purposes only and I am not guaranteeing any gains or losses from using the betting methods I talk about.

Its all good and well until youre 30 NBA games in a row losing by one leg or one rebound..

Why is it always the 1.12 player also? The bookies know

— @leftovercrass5210

More User Perspectives

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Betting on correct scores is a big no no ..mugs game ..over 1.5 or 2.5 goals for mult bets better chance of winning

@simonoakley5102
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Tbh I'm on bet fair and you allways get better odds because they take 5% of yr winnings on each bet so the extra odds is for them really

@simonoakley5102
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Wow, this video was super informative! Thanks for breaking down the topic so clearly. Subscribed!

@sebastianmoulin
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Hello

@PreciousOlopy
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the video just changed my way of seeing things thanks

@BiciocIgor
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Profitable bettors often face limitations, making it difficult to place bets consistently every day and maintain steady profits.

@AntonySelvoire
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Multi legs gives more bonus so ur math will be wrong on a 10 leg multi because for instance i played an 12 leg multi with 27 odds and 9$ bonus so total 36 dollar

@amirnefzi4659
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Jion group

@mangeshingale6387
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It would be cool for you to share an analysis of the Kentucky Derby

@Shelley-eb6kz
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По каким ресурсам ставиш

@АлексейБарышевский-ч2ч
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true, all is about math, lucky I can use pre-game hedging in my country in exchange and ordinary bookmaker in one time

@travelandearnmoney
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Is there someone who can explain me how it works? He doesn't explain practically how it works

@pierdelduca4706
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I'm in one or them betting groups lol, the amount of times I see bets with like 20+ legs I just cringe, it's funny that it's usually AFL too

@bodycountplays2915
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about the high odd events. It is not simply because the odds are higher. the bookmaker could have given you 8.5 instead of 6. So it is because bookmakers make the juice higher on higher odd events. mathematically it is the same if the bookmaker gives you more fair odds on high odd events (unlike the parlays in which mathematically the edges combine). is this true?

@Arashhh85
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they might be a branch under the guys that run the show, so to keep the company profitable they have to charge a bit more to make a profit.

@cr0ok_lee
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The accuracy and speed of ArbAdviser's market analysis is unmatched - a game-changer for me!

@mstii3712
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So we should become bookies instead. Got it!

@th_bessa
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@James Please add me to that list, looking forward to it. I have been thinking of getting into this day trading thing and it seems I have got a true mentor here.

@mdkashif390
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Why is not everybody using the exchanges? Even with comission isnt it still better than the normal bookies?

@DerklugePlayer
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Idk I used my free bets on some big parlays and got paid pretty well.

@rich9536
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Charging a fee for services rendered is not "ripping anyone off". Sports books are a middleman.

@jesusthroughmary
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What if we don't have EV at KO and we wait for a better odd in play ? Is the same EV ?

@kingx1666
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Where did you get that video of the guy on the floor with the chips? That was hilarious.🤣

@jasonmaguffee
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Thanks for the true secrets of Trading and Betting. I highly appreciated

@raphaelnyatuame5257
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let me guess..... you are going to start your show with A COIN TOSS STORY?????????????????????

@stevencarrier5393
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I want to ask you more about betting

@johnkatui4162
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Can I get your contact

@johnkatui4162
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Was winning a parlay with 25 something odds with god knows how many bets put together...my final bet to win the whole thing was the Argnetina vs Saudi Arabia game and ofc i put my money on Argentina...they lost like 1/40 games now and that is the game they lost 😂

@awayfrom234........
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Hi Shane. Nice video but you cannot just say that whatever is in the exchange is the correct odd.
The market can be misfit, specially betting live.
This is a good video for punters though.
While traders need to find EV within the exchange which is a different story and there's probably no mathematics for that since it come to your knowledge of the game and game reading ability.

@PedroDuraes-qp6jb
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I can see that people’s opinions is not equal to the truth, though they can change the odds, for eg. no matter how many people bet on the earth is flat doesn’t change the fact, just like some people believe some weak team in World Cup can win.

@FeelFree3
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Hi Shane, how do you calculate the EV of a lay the draw bet?

@barryrichardson3784
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Hey Shane great video, could you use this method of splitting back and lay prices for finding true odds on horse racing?

@brickies_laptop
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https://m.youtube.com/watch?v=ABj7peI_R2M I think the statement about sports betting rings true ever more. “U can’t win”. Rubbish odds and low score pacts for giants at home vs minnows away. There’s less goals but more 4/9 2/5 8/13 and 8/11 for 3 or 4 goals for the home team. Not gonna name any team in particular, they all like free money

@freddone4792
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2:50 bet fair
6:15
9:15

@stevethea5250
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your assuming those numbers the bookmakers put out are always correct. But there not.

@CobaltFrame-o7y
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What you neglect to tell people Shane. Is that if you beat the closing line. You are making profitable bets.

@CobaltFrame-o7y
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Tell tht to the people living off it lol

@Road2compgaming
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Actually anyone tried this guy out some people talk about sports arbitrage and end up being scammers?

@Nazi171
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Won plenty of 10+ legs brother so definitely not a hard task, you just need to watch more types of sport by the sounds! Just pick the shit you know! Also don’t do head to head bets on soccer, waste of money when many games end in a draw. Get good cuz.

@icu_trippin
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Create Video. With them you protect many people to loose all there money. Hopefully millions of viewers will see and understand this Reality.

A further interessting Question on the exchange exist. Is there an +EV existing on Betfair Exchange or can we only see always the fair odd without an +EV.

Maybe you are interessted in talking about this and we can arrange an expert talk of Valuebets on Back and Lay Odds of an Betting Exchange for our Viewers on both of our YouTube Channels.

@SportsBettingAcademy
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Increase your bets every time you lose so your next win puts you up then drop down to your starting bet again. Been winning for 35 years. ONLY HALF YOUR BETS CAN BE ON THE FAVORITE. You're welcome

@davidking6351
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This is incredible, Shane!

@OddsJam
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Hello Shane, I am really into your formula for EV, but I still don't get how do you get the probability... would you care to explain, please?

@SkimpyVessel193
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why can't you just be a book?

@EternallyYours-13