SmartBettor’s +EV Parlay Generator: Build Profitable Parlays in Seconds

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SmartBettor

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Understanding +EV Parlays: The Math Behind the Magic

Before diving into SmartBettor’s +EV Parlay Generator, let’s understand why +EV parlays can be so powerful. Most bettors know that parlays typically benefit the sportsbooks – in fact, over half of New Jersey sportsbooks’ $608 million profit in 2021 came from parlays alone. This is because parlays compound the house edge: if you’re making -EV bets, combining them makes them even more negative.

But here’s the exciting flip side: when you parlay +EV bets together, you can actually multiply your edge. Let’s break this down with a simple example:

Single Bet Example:

  • Odds: -110
  • True win probability: 55%
  • Bet amount: $100
  • Expected Value calculation:
    • Potential payout: $90.91
    • EV = (0.55 × $90.91) – (0.45 × $100)
    • EV = +$2.83 (2.83%)

Two-Leg Parlay Example:

  • Two independent bets, each with 55% win probability
  • Combined probability: 0.55 × 0.55 = 0.3025 (30.25%)
  • Combined odds: +499
  • Bet amount: $200
  • Expected Value calculation:
    • Potential win: $499.05
    • EV = (0.3025 × $499.05) – (0.6975 × $200)
    • EV = +$11.46 (5.73%)

As you can see, parlaying these two +EV bets more than doubled the total expected value from $5.66 (two separate bets) to $11.46 (parlay)!

Why This Works

The math behind this is fascinating. When you combine +EV bets in a parlay:

  1. Your win probability decreases (making it harder to win)
  2. But your payout increases exponentially
  3. When the bets have positive expected value, the increased payout more than compensates for the lower win probability

This is exactly why sportsbooks love parlays – they usually benefit from this same mathematical principle when bettors combine -EV bets. We’re simply turning their own weapon against them.

Introducing the +EV Parlay Generator

We’re excited to introduce the +EV Parlay Generator – a powerful new tool that makes it easier than ever to create profitable parlays. While most bettors struggle to find and combine +EV bets, our tool does the heavy lifting for you, helping you generate mathematically profitable parlays with just a few clicks.

Key Features

1. Personalized Sportsbook Selection

  • Choose which sportsbooks you want to use for your parlays
  • See only the bets and odds available at your preferred books
  • No more wasting time on odds you can’t actually bet

2. Customizable Parlay Generation

  • Specify exactly how many parlays you want to generate
  • Choose your preferred number of legs per parlay
  • Let the tool automatically find the most profitable combinations from hundreds of current +EV bets

3. Real-Time +EV Display

  • See the expected value of each individual leg
  • Watch how your total parlay EV changes as you add or remove legs
  • Make informed decisions about which bets to include

4. Easy Editing and Customization

  • Browse through hundreds of current +EV betting opportunities
  • Add or remove legs with a single click
  • Fine-tune your parlays until they’re perfect

5. One-Click Bet Placement

  • Save your favorite parlays to your SmartBettor bet slip
  • Place bets directly through your chosen sportsbook with one click
  • No more manually rebuilding parlays at the sportsbook — with one click, your parlay is transferred and populated in your sportsbook’s bet slip

How to Use the +EV Parlay Generator

Step 1: Set Your Preferences

  1. Select your active sportsbooks from the dropdown menu
  2. Input how many parlays you want to generate
  3. Specify your preferred number of legs per parlay

Step 2: Generate Parlays

  • Click “Generate Parlays” to see multiple options automatically created from current +EV bets
  • Each parlay will show:
    • Individual leg details (teams, odds, expected value)
    • Total parlay odds
    • Potential payout
    • Combined expected value

Step 3: Customize Your Parlays

  • Browse the available +EV bets database by clicking ‘Edit Parlay’ and ‘Add Leg’
  • Add or remove legs to optimize your parlay
  • Watch the total expected value update in real-time

Step 4: Place Your Bets

  • Save promising parlays to your bet slip by clicking ‘Add to Bet Slip’
  • Review all your selected parlays in one place
  • Click ‘Bet’ to automatically create the parlay at your chosen sportsbook

Pro Tips for Using the Generator

Customization Strategies

  • Replace lower EV legs with higher ones from the available bets list
  • Consider game times when building parlays – you might want all games to start around the same time

Bankroll Management

  • Save multiple parlay options to compare their risk/reward profiles
  • Use the expected value calculations to inform your bet sizing
  • Consider limiting the number of parlays you place at once to manage variance

Concepts Summary

The Compounding Effect

Understanding the compounding nature of +EV bets is crucial for maximizing your profits:

  • A -EV bet of -2% combined with another -EV bet of -2% results in a parlay with -3.96% EV
  • A +EV bet of +2% combined with another +EV bet of +2% results in a parlay with +4.04% EV

This compounding effect explains why:

  1. Most parlays lose money (they compound negative value)
  2. +EV parlays can be extremely profitable (they compound positive value)
  3. Sportsbooks often limit parlay sizes and payouts (they know the math too!)

Why Use SmartBettor’s +EV Parlay Generator

While the math behind +EV parlays is compelling, finding and combining these bets manually is extremely challenging:

  1. You need to identify multiple +EV bets available at the same time
  2. The bets need to be on the same sportsbook
  3. You need to calculate complex probabilities and expected values
  4. You need to track odds changes in real-time
  5. You need to manage multiple combinations efficiently

SmartBettor’s tool automates this entire process, making it possible to harness the power of +EV parlays without the headache of manual calculations and tracking.

Conclusion

The +EV Parlay Generator transforms the way you create parlays, making it easier than ever to build profitable combinations. By automating the search for +EV bets and simplifying the parlay building process, you can focus on what matters most: making smart betting decisions. And now that you understand the mathematical edge behind +EV parlays, you can use this tool with confidence, knowing you’re applying sound betting principles to maximize your potential returns.

Ready to start building more profitable parlays? Head to the +EV Parlay Finder page. Need help getting started? Our support team is always here to help.

Remember: The +EV Parlay Finder is a tool to help you find value, but always bet responsibly and within your means.

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