Episode Transcript
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Speaker 1 (00:01):
Most betters lose money, not because they suck, but because
the sportsbooks take a cut. But Novig is changing all
that and we're gonna show you how to actually win more.
Right here in this video, welcome into betting pros. I'm
Seth Wilcock and today I'm joined by the editor in
chief himself, Mike Mayer, to break down Novig's no juice
model and the exact strategies that you can deploy to
(00:23):
profit more than you would at most major books. And
before we get going, be sure to give this video
a thumbs up if you enjoy this type of content.
Also make sure you're subscribing to the BP YouTube channel
and the audio feed. If you're new, Mike, you've been
an absolute Novig fanatic since becoming familiar with this platform.
Can you walk us through Novig's peer to peer betting
(00:44):
and it's commission free model, potentially starting with an explanation
of a what Vig is.
Speaker 2 (00:51):
Yeah, So, first off, I'm super excited to do this video.
When they asked me to do this video, I was.
I was par with and I just jumped into the opportunity,
despite pushing it back a week because my kids or sick.
But now that we got through that, I'm excited to
jump in because, like you said, I love no Vig.
It's not like it's not a fake thing. I really
enjoy this platform. I'm on it every day. And so
(01:11):
what it is is, like you said, it's a peer
to peer betting exchange, meaning you're betting against other users.
You're not betting against the house, which is huge when
it comes to value and you know, just kind of
like finding that edge. So what a veig is is
at traditional sportsbooks, the book makes its money via the viig,
and the viig isn't a fee, but it's baked into
the odds. And so the way to think about this
(01:32):
is when you look at odds, think minus one ten
versus minus one ten. You're gonna see that a lot, right,
So think about look at Week one in the NFL schedule.
You're gonna see Eagles versus Cowboys. The spread is seven.
It's plus seven Cowboys minus ten minus seven Eagles minus ten.
So there's minus one ten on either side. And ideally,
what the book wants is they want even money on
(01:56):
both sides of that. They want even money on the
Cowboys and even money on the Eagles. Both at minus
one ten, because what's going to happen is that viig
in the middle. That's where they're going to make their money,
that ten dollars difference, because if you got minus one ten,
if you want to make one hundred dollars, you have
to bet one hundred and ten dollars, So that ten
dollars difference, that's the viig. That's where the books make
their money. Now at no vig, they don't have a vig,
(02:16):
hence the name no vige. That's kind of they're just
putting it right there in your face. They're no vig,
so they're peer to peer. And if you place a
minus one bet on the Eagles at minus one seven,
what you're actually doing is you're creating a plus one
ten bet on the Cowboys at plus seven on the
other side of the bet, so that means another better
can come in and instead of looking at minus one
(02:36):
ten minus one ten, they're looking at minus one ten
plus one ten, which is huge when you're thinking about
like long term value to be able to get a
plus money on that. And I know Matt Paroult recently
relaunched the Sharps Report Yes on the Betting Pros YouTube
feed and one of his recent guests actually said something
that really hit home with me, and he mentioned that
(02:58):
he sees to future of sports betting being really heavy
on peer to peer and he thinks the days of
minus one ten is the default odds are numbered and
I'm really excited if if that's if that's the case,
And as you can tell from this opening monologue, I'm
fired up about this.
Speaker 1 (03:13):
This is maybe the most excited Mike Mayor I've ever seen.
So this all sounds great, Mike, but let's put this
into action with some of your best ways to profit
on the platform that is Novig.
Speaker 2 (03:25):
Okay, So some of the best ways to profit, and
there are a number of them. Number one is you
can you can be the house so Novig. Actually, one
of the coolest things about it is they let you
post your own lines. So if you're sharp at setting
numbers or fading trends, or you can act like a
market maker. You can use tools and see consensus odds,
you can use betting pros and see what consensus odds are.
(03:46):
And there if there's not an existing market on novig,
you can create one. Or if there is a market
with a huge delta and we'll get into what that
means a little bit more later. You can you can
kind of undercut that and just create your own market interesting,
and you can you can offer better lines than are
out there. And like I said, undercut markets and liquidity
can make things interesting because when an offer is filled,
(04:07):
if if the entire liquidity is taken up by an
opposing better, that market opens back up. And so you'll
see lines move really quickly, which is which is again
just opens up more value. So sometimes you'll see you'll
open up Novig and you'll see minus one fifty on
the on the under of a certain bet and plus
one oh five on the over. That means, if you
want to bet the under, you can create a minus
(04:28):
one oh six market that instantly becomes the best in
the market at a plus one oh six opposing value.
Just like we talked about Cowboys minus or Eagles minus
one ten Cowboys plus one ten. It's the same thing.
If you see minus one fifty but plus one oh
five on the other side, you don't have to bet
minus one fifty. You can create minus one oh six,
which creates plus one oh six on the other side.
Speaker 1 (04:48):
That's amazing that that's awesome and I feel like that's
probably one of the most advantageous ways to continue to
build your bank roll. And I've say, you know, you've
done a pretty good job of it so far this year.
I I think you're up eighty some units over there
on the Betting pros app.
Speaker 2 (05:04):
Yeah, I'm really enjoying it. A lot of that, A
lot of that plus eighty is is Novig And the
one of the main things I like to do is
exploit line efficiencies on Novig And just because of the
nature of how the lines are created and how the
markets are created, because it's created by other betters. It's
not created by market makers at sportsbooks whose entire job
(05:26):
is to is to get that line right, to make
sure that you lose money. Yeah, so they're sports books
have market makers and their entire job is to make
sure that book is profitable. NOVIC doesn't have that they
it's it's other betters creating lines and you're betting against
each other. And so what I do is every morning
I open up the Betting pros app and I look
at the consensus ods for money lines, spreads, and totals,
(05:48):
and more importantly, I'm a props better. So I open
up the prop at cheat sheet and I just scroll down.
I'll even filter by Novig because we have no vag
odds on Betting Pros yep, and so I'll filter by
novag and I said, show me the best lines, and
you'll see when you do that filter, it's going to
be boom forty different bets that you can place where
NOVIC has the best lines because they just always have,
(06:09):
like you'll see them like post like posting it on
their social media all the channel, all the time. On
their channels, they're always ragging about how they have the
best lines. And it's true the lines move quickly, but
they always have some of the best value out there.
Speaker 1 (06:22):
Well, Mike, that's awesome man, And we've kind of explained
the ins and outs of the platform how you're using
it to profit. Let's go ahead, though, let's share some
of our favorite current offerings on novig. What do you
have for us that's currently available for betters?
Speaker 2 (06:39):
So current offers I do? So I'm a volume ev better.
So you can check my profile on Betting Pros every
day and you're going to see ten, twenty thirty more
bets on NOVG. I if I get a little nuts
and every one of those is a bet where I
found better value on Novig than anywhere else. That's just
how I I'm betting right now. And maybe I'll move
(07:00):
to other books, you know, depending on how things change.
But right now, I'm all Novig all the time. You know,
you'll see a few other books sprinkled down there, but
it's ninety percent or more of my bets every day
are on Novig. If you want to look at something
like NFL Futures, which is a market that Novig recently ended,
you can find value there too. I recently was just
looking at the giants who they have the you know,
(07:21):
they're going to be an improved roster, but they have
the hardest scheduled at the NFL right now, brutal, and
I don't think I don't think they're that improved to
really make any noise. And so I bet they're under
five and a half wins at minus one ten on Novig.
And if you look at other books, that's going to
be minus one thirty, minus one forty or more. But
I got it for minus one ten on Novig. Yeah,
I think you have one too.
Speaker 1 (07:41):
Yeah, that's great value you have over there. I found
a team that also underperformed last season, but I'm drinking
the juice. I'm going with the Tennessee Titans to make
the playoffs. Plus four thirty two at Novig the best
price otherwise at other shops plus four twenty five, So
I feel like I'm getting a little bit of value.
And you know I'm by with this. Callahan family is
selling me down there in the Music City.
Speaker 3 (08:02):
Man.
Speaker 1 (08:02):
They allegedly have to kick quarterback cam Ward out of
the facility because this guy's first one in, last one out,
each and every single day. I like the skill players,
Tony Pollard, Calvin Ridley. They also have some interesting wide
receivers that we've broken down over on the Fantasy Pros
YouTube channel during the NFL Draft show, l like a
Oman or Chimrie DK. I think they're both guys. They
got Kevin Zayler, Dan Moore kind of shure up that
(08:24):
offensive line, and like this defense. They couldn't stop anyone
from scoring last season when they got inside the red zone.
But actually a lot better than most people think. Second
fewest yards allowed per game, so with the fourth easiest
strength of schedule opposed to the Giants to have one
of the toughest. I think the Titans could make a
playoff push in year one of the cam Ward era,
and with the help of Novic, I will be profiting
(08:46):
one point seven percent more than I would be at
traditional sportsbooks with this play. So your thoughts here on me,
you know, just saving a couple of pennies, but that
does add up to profit after the long.
Speaker 2 (08:57):
Term, So it does up and you are getting good value.
But what I would say is I would look closer. Okay,
I would especially look closer when you look at if
you if you look at the consensus OIDs on betting
pros futures for teams to make the playoffs, because I
did that when I saw you put your your bet
in the sheet, I was looking for my own bets
of what I wanted to make or what I already
out that had out there. And what I noticed was this,
(09:18):
So you have the Titans at plus four thirty two
to make the playoffs. If you look at on Novig
the Titans to not make the playoffs, it's minus six
six seven. So that's a huge delta between plus four
thirty two and minus six sixty seven. So what I do,
what I would do is I wouldn't even fire on
that plus four thirty two. Okay, I would create my
own market plus six sixty six because what's going to
(09:39):
happen is either best case scenario, someone's going to match
that match that market because you're now undercutting that minus
six sixty seven with a minus six sixty six, and
now you have huge value. What is more likely to happen.
And this is another cool thing about the app is
you'll create that market, someone won't match it. But when
you go into novig and look at your profile and
(10:00):
look at your portfolio, you'll see that. You know, you'll
see plus six six six is no longer top of market.
Top of market is now six thirty, but now you
can you can hammer six thirty and now you have
six thirty instead of plus four thirty two, which is
which is huge, And that's one of my favorite things
about Novig, especially when you get that long term outlook
like that.
Speaker 1 (10:18):
Well we're always talking here at betting pros, getting closing
line value, getting opening line value, having positive ev heading
into whatever event you're betting on, and this seems like
a great platform to do that. So very intrigued. That
is definitely something I'm going to do right after we
get off this video and Mike, so we have explained
why we love novig. We've given out some more of
(10:38):
our favorite plays. But objectivity it's always key here big
JA journalists. So let's discuss two viewers what they should
know about the platform before diving in themselves here, man, sure.
Speaker 2 (10:50):
So the main thing when it comes to peer to
peer exchanges is is there enough liquidity? Because that's always
going to be key when it comes to betting on
these exchanges, because the good thing is that you're not
betting against the book who's trying to lose you money.
But the bad thing is that you are now dependent
on either people matching your bet or there being enough
money on the other side of a bet. And you'll
see sometimes let's say I want to hammer the Giants
(11:13):
minus one ten for twenty dollars, but there's only eleven
dollars of liquidity on the other side. I either have
to make a twenty dollars bet which actually turns into
an eleven dollars bet plus or a nine dollar bet plus.
You know, I'm creating an open market for an eleven
dollars hoping someone else matches it. So liquidity comes into play.
The other thing is what if no one takes my bet.
(11:36):
There's a real chance that if you are either creating
your own market or you're undercutting a market, no one
matches the other side of it. And you're seeing less
of that now because more and more people are joining
novig and so there's a ton of people on there
and you're just seeing stuff. I create markets all day long,
and it's like before I find my next bet, I
get a notification that someone matched it, which nice. The
good thing is that if no one matches your market,
(11:58):
nothing happens. You just get your money back. So it's it's,
you know, no harm, no foul. The other thing is
they're relatively new. They're they're creating new markets all the time,
but there are limitations on their markets. Right now, there
aren't a ton of obscure markets available. The good thing
I will say is that because they are peer to peer,
there are no limits. It's not like traditional books where
(12:20):
if you prove to be a really sharp better, they're
gonna limit you know, a traditional book is gonna limit
your your account real real fast. The same thing with arbitrage.
You can actually arbitrage on novig in real time. If
you want to live bet and they don't care. They
won't limit you because it's not their money. They don't care.
And so because there is no limits or there are
no limits, you are sometimes dealing with you know, unchained
(12:41):
sharp betters because they're not limited by their you know,
a sharp sports book that has identified to them as
being sharp. And so you do have to be a
little careful because while you're not dealing with the book,
you are dealing with some sharp betters out there, so
you do have to be careful about that. And then
the last thing out there is right now there is
no vig, no fee, nothing on on noviig. But that
it also means they are currently making no money. So
(13:03):
at some point there has to be a path to
profitability here. It's kind of like the if you've seen
the movie The Social Network of Facebook, where yep, it's
just cool right now and they don't work. They're not
worried about making money. At some point they're gonna have
to make money here, and so other peer to peer
exchanges they charge a small fee in exchange for not
having a big that's probably the path forward here, but
for right now, they're not making any money or charging
(13:24):
anybody anything, which is amazing.
Speaker 1 (13:26):
It feels like we're kind of in this golden age
of sports betting right now on Novig right that, yeah,
you know, the restriction restrictions are off. We have kind
of almost an open field to play a little bit.
So if you are someone who's been limited at some
of these major sportsbooks, it sounds like a great platform
to try out, and you know to just be on
the lookout because Mike Mayor, he's swimming around. He's one
(13:47):
of those sharks in the water now apparently as well.
And one of the cool innovations that we've made here
at Betting Pros is that the prop bet analyzer and
the cheat sheet now also actively offer no big line.
So while you're shopping your odds, you're looking through pass
performances trends, you can now also see that if you're
getting a better line directly from Novig that's already offered Mike.
(14:09):
Anything else you can add about some of the Betting
Pros tools we're using and we have out there for
people to get invested with right now, and how Novic
can kind of pair with that to help create edge
for betters.
Speaker 2 (14:22):
Yeah, So my favorite thing, two of my favorite things
to do is if you just go to let's say
you want to bet WNBA, you can just go to
the game odds screen and just scroll down the app
and you'll see that little novag icon of where wherever
Novic has the best odds and spoiler alert, you're gonna
see a lot of novag icons on there. Yeah, And
so that's one thing I love. The other thing, I'll
(14:42):
go right into the prop bet cheat sheet and I'll
just filter by Novig and I'll you know, the first
thing I'll do is I'll say, show me all of
the all of the bets. Wow, we are recommending, according
to our projections, where Novic has the best odds, And
I'll just start there, and if I like the way
the projections look and the fact that Novic has the
best odds, all either fire on those odds or what
I'll also see is, you know, on the on the
(15:04):
betting pros Propatchichi, we'll show you what the current you know,
over odds if you're betting profits like the current over odds,
but we'll also show you what the under the under
odds are. So if there's a huge delta there, I'll
just hop into the No Big app and I'll just
undercut that and see if I can get even better
value than what we're showing already.
Speaker 1 (15:20):
You're like the person in Crafts who is betting like
the no pass line, right, that's Mike Mayer over here,
this stinker at the table. But well, there you have it, folks,
everything you need to know for how to make money
betting on Novig a peer to peer betting platform with
no juice, meaning higher profits for you. And if you're
serious about sports betting, Novig should be in your rotation. Absolutely,
(15:44):
you'll lose less, you'll win more. It's that simple. Just
ass Mike. It's also legal in most states, including Georgia, California,
and Texas. It does use a coin deposit system, but
it is real money and you can use the code
Mayor that's m a h e R for fifty two
percent off your first coin purchase up to twenty five dollars. Again,
that's code Mayor m a h e er. Check it
(16:07):
out now at bettingpros dot com slash juice. That's bettingpros
dot com slash juice. MIC's on it every single day,
dropping screenshots and picks into our discord at bettingpros dot com.
Slash chat. If you have questions, dm him there. He's
happy to help. Also, we are currently offering a free
seven day trial of Betting Pros Premium, so you can
(16:28):
use our tools to gain an edge on novig. Redeem
your seven day free trial of Betting Pros Premium by
downloading the app at Bettingpros dot com slash apps, using
the code juice and activating your trial on the upgrade screen.
All right, that'll do it for us right here on
Betting Pros. Be sure to give this video a thumbs
up if you enjoy this type of content. Also, make
(16:49):
sure you're subscribing here to the channel and the audio
feed if you're new, and be sure to be downloading
that BP app and syncing your sportsbooks today. For Mike Mayer,
I'm Seth Wilcock Carol.
Speaker 3 (17:00):
Y'all, thanks for listening to the Betting Pros podcast. If
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