Building a profitable sports betting portfolio requires a strategic approach that leverages +EV (expected value) betting, bankroll management and diversification. The Portfolio EV Lab is designed to help bettors create, optimize and track high-performing betting portfolios based on real-time and back-tested data.
This guide will walk you through how to use the Portfolio EV Lab effectively, covering portfolio creation, risk strategy, bankroll scaling and bet selection to maximize ROI.
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Step 1: Access the Portfolio EV Lab
Start by opening the Portfolio EV Lab, where you’ll build and optimize your portfolio. This tool allows you to:
- Construct a portfolio based on sports, sportsbooks and bet types
- Analyze past performance to refine your strategy
- Optimize bet selection using historical and real-time data
The Portfolio EV Lab’s back-tested results give you insight into which markets, sportsbooks and strategies have been the most profitable.
Step 2: Select Your Sport, Sportsbooks and Bet Types
When building a betting portfolio, casting a wide net initially helps identify the best markets. Here’s how to set up your portfolio:
Choose a Sport
- If betting in an ongoing season, use current season data for accuracy.
- If it’s the start of a new season, review the previous season’s results to gauge trends and profitability.
For example, in March, an NBA portfolio should use current season data, while an MLB portfolio built at the season’s start may rely on last year’s results until fresh data is available.
Select Your Sportsbooks
- Choose the books you have access to (e.g., DraftKings, FanDuel, BetMGM).
- This helps Portfolio EV tailor bet recommendations based on where you can place wagers.
Keep Bet Categories and Bet Types Broad
- Start with a wide range of bets (spreads, totals, player props, etc.).
- Narrow the focus only if back-test results show that certain bet types are consistently negative EV.
This maximizes the number of +EV opportunities available to you.
Step 3: Define Your Risk Strategy
Portfolio EV allows you to choose between three risk strategies, depending on your betting frequency and risk tolerance:
- Balanced (Recommended for Most Bettors) – A middle-ground approach that balances volume and risk.
- Conservative (Best for High-Volume Bettors) – Places 100+ bets per day, spreading risk across many markets to smooth out variance.
- Aggressive (High-Risk, High-Reward) – Focuses on fewer bets with higher variance, ideal for those comfortable with swings.
For most users, Balanced is the best choice. However, if you place a high volume of bets daily, Conservative is optimal for diversifying your bankroll.
Step 4: Set Your Minimum OS Rating
The OS Rating is a key metric that filters out marginal +EV bets and focuses on higher-quality opportunities.
- Start with a Minimum OS Rating of 2 – This ensures a good balance between bet volume and profitability.
- Higher OS Ratings reduce bet volume – If you want fewer, more selective bets, you can increase the threshold.
This step helps remove bets with thin value, making your portfolio more efficient and profitable.
Step 5: Input Your Bankroll for Proper Bet Sizing
Bankroll management is crucial for long-term betting success. In the Portfolio EV Lab, input your current bankroll, which will:
- Automatically scale bet sizes based on your available funds
- Adjust daily as your bankroll grows or shrinks
- Provide accurate profit projections based on your staking strategy
For example:
- A $1,000 bankroll using Portfolio EV’s recommended bets at 5.6% ROI would have grown to $10,000+ over time.
- A $10,000 bankroll would see 10x the profits, showing how bankroll scaling directly impacts potential returns.
Keep your bankroll updated daily for accurate bet sizing and long-term profitability.
Step 6: Preview and Optimize Your Portfolio
Once you’ve set up your portfolio:
- Click “Preview Results” to view:
- Total bets recommended (e.g., 10,000+ bets over the season)
- Expected ROI (e.g., 5.6%)
- Total projected profit based on bankroll size
- Refine Your Portfolio:
- If certain bet types show negative EV, remove them.
- If you want higher volume, lower the Minimum OS Rating.
- If you want fewer, higher-quality bets, raise the Minimum OS Rating or switch to a Balanced or Aggressive risk strategy.
Following this process ensures that your portfolio is fully optimized for maximum long-term profitability.
Build a Profitable Betting Portfolio with Portfolio EV
By using Portfolio EV’s advanced betting tools, you can:
- Identify and bet on +EV opportunities efficiently
- Optimize strategy with real-time and back-tested data
The Portfolio EV Lab makes it easier than ever to build a high-performing, data-driven betting portfolio that maximizes expected value while managing risk effectively.
Ready to take your betting strategy to the next level? Start building your portfolio today!
4ogrow your bankroll systematically. Start small, stay disciplined and let the tools do the heavy lifting. Your betting journey might just transform into a profitable investment venture.
