OddsJam Results: December 2024
I CRUSEHD it in December and had my best month ever using the OddsJam EV Tool! My results were more than triple my previous best month! What a ride I’ve been on. Compound growth has fully kicked in, and I love it!
I was aiming to hit $1k in profit before the end of 2024 and December didn’t disappoint. So, how well does OddsJam work? In my experience, it is outstanding!
Everything that had more than a handful of bets, so NBA, NFL, NHL, were all very profitable!
December was profitable from the start with four green days off the mark, and it kept rolling from there. What a month!
Recap
December started with four green days and stayed there. Most of my red days were relatively minor compared to my sizeable green days. With 20 green days for the month, positive variance was certainly on my side.
With two days in the $300 profit range, two in the $500, and two in the $700, you get the idea that it was a remarkably profitable month. My $700 days were both record-setting days by a wide margin! Even the first $500 day was a record at the time, making three record-setting days throughout December.
It wasn’t all green. I had a significant red day, setting a disappointing record, on the 29th going down more than $800 for the day.
However, it is all part of +EV betting. You don’t win every bet and you don’t win every day. In my experience, the best good days are always balanced by the worst bad days. You just end up with a lot more reasonable good days that pulls everything well into the green!
It feels great to have cracked the $1k monthly profit before the end of 2024, and to do it so convincingly!
If you are in the US or Canada and have access to Fan Duel, Draft Kings, MGM, and Ceasers, etc., there are insanely profitable opportunities. How about OddsJam in Australia? Covered! Aussie has a ton of books to work with! Seriously, sign up for your free trial and take 35% off your first month with coupon code Beyond35 and take advantage of a great side hustle using OddsJam!
Results
Here is my OddsJam ‘Wordle’ for December 2024! Very heavy don’t the green at almost 2 to 1!
With a second full month of the NBA regular season, my volume was up again!
Just about everything was a solid performer this month. Player 3’s was my worst-performing bet for the month pulling me down a bit over $250.
Everything else, especially points, assists, and rebounds, was absolutely solid!
The Numbers
Profit, CLV, and Win Rate
December finished with just under $3.8k in profit! It was far and away my best month ever!
My profit per wager was a solid 8.77%, well above my long-run average of about 4%. Yes, that is some positive variance. However, after November with a profit per wager of 1.4%, this all balances out. Amazing how there is always a reversion to the mean.
The best indicator of long-term success with +EV betting is the closing line value ( CLV is the BEST indicator of long-term profitability) and for December, mine sat at a healthy 74%. This is a bit lower than my usual 80% range, but still very solid.
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My win rate was up again slightly to 55%. That is likely a reflection of the odds on the bets I’m placing. I’m getting a lot more in on market favorites which should push my win rate above 50%. But again, CLV is the best indicator for long-term profitability.
Turnover and Profitable Leagues
My overall turnover was up, even though I had slightly fewer bets. At the moment, I’m averaging about 35 bets a day. If I had more books on the go, I’d push that number higher. However, until I get limited at one of my existing books, I’ll sit with what I’ve got.
I finished December with 1050 bets and a turnover of $43k and I’m very happy with both of those figures.
The compounding effect that the OddsJam EV Tool has on my bankroll is starting to shine. I’m getting solid-sized bets on now that, on average, are significantly higher than what they were just a few months ago.
I had three standout areas, which also had the highest number of bets, for the month in player props. Points was up more than $600. Assists was up over $800. And rebounds were up $1300!
Great to see assists starting to come back strong after starting the NBA season as a significant drag. Play the long game and the profit will follow!
Goals
Goals for December
Updates in bold.
- Increase my bet volume. In December last year, I placed 612 bets. Last month, I was over 1000. I’ll be a bit conservative and set the target at 900. Done! I had 1050 bets in for the month.
- Keep the green streak, which is currently at four months, going strong. Overall, this is part of a bigger goal to beat my longest green streak of 10 straight months. Tick. We are now at five straight profitable months and counting.
- Place more than $30k worth of bets. I placed just under $13.5k worth of bets in December 2023 and was over $30k last month. I’d like to do that again. Crushed! I had just over $43k in bets for the month.
- Hit $1k in profit. I’m keeping this goal until I hit it. To hit this with my long-run average profit/wager of around 3.5%, I’d need to place around $30k in bets, which is well within reach. Done! With my highest turnover ever and a profit margin of 8.77% (positive variance at work), I finished with just under $3.8k in profit!
Goals for January
- Increase my bet volume. In January last year, I placed 360 bets. Last month, I was over 1000. With the NBA still in full swing and everything on a roll, I’ll target 850 bets.
- Keep the green streak, which is currently at four months, going strong. Overall, this is part of a bigger goal to beat my longest green streak of 10 straight months.
- Place more than $35k worth of bets. I placed just over $6.7k worth of bets in January 2024, which seems low. I over over $43k in turnover this mont and over $30 in November. So, I’ll set the target at $35k.
- Hit $5k in profit. Now that I’ve ticked off the $1k in a month goal, I’ll look to set a new high water mark at $5k. Like the $1k goal, I’m keeping this goal until I hit it. This is a lofty goal and to hit this with my long-run average profit/wager of around 3.8%, I’d need to place around $140k in bets. That is a stretch at the moment, but I’ll look to hit this by the end of 2025.
What a month! I can’t wait to see what January 2025 brings!
Originally published at https://beyondtheev.com on January 7, 2025.
