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How to Get Started with Portfolio EV — And Why It Works

Updated April 23, 2025 | 7:25 am CDT by Sam Smith
How to Get Started with Portfolio EV — And Why It Works

Welcome to Portfolio EV by OddsShopper — the smartest way to bet at scale and start growing your bankroll immediately. This guide will walk you through what Portfolio EV is, why it works, and how to get your first portfolio up and running so you can start placing hundreds of +EV bets every day with confidence.

How to Get Started with Portfolio EV — And Why It Works

Ditch the guesswork. Start making smarter, sharper +EV bets with a FREE TRIAL of Portfolio EV. Visit the Portfolio Betting page now!

What Is Portfolio EV?

Portfolio EV is a top-down, market-based betting strategy. We identify inefficiencies in sportsbook lines and hammer them over and over again. We compare the true odds of every market to what the books are offering. When there’s a gap, that’s your edge.

Example:

Caesars is offering +159 on an NBA bet. Our true odds say it should be +132. That’s a misprice, and you should take that bet every time.

One of those bets isn’t going to change your life. But 200 of them, every day? That’s where the magic happens.

Why Portfolio EV Works

When you volume bet +EV edges daily, you’re doing three critical things:

  1. Every bet you place has value. You’re only betting lines that have a higher chance of winning than the odds imply.
  2. You compound returns. By reinvesting your bankroll each day, your bet sizes grow alongside your bankroll.
  3. You smooth variance. This isn’t a “pick your seven favorite bets” kind of thing. The more bets you place, the more your results reflect your actual edge, not randomness.

How to Set Up Your First Portfolio

1. Head to the Portfolio Lab

Start by creating a simple, all-sport, multi-book portfolio:

  • Select All Sports – More markets = more daily volume = more profits.
  • Choose Your Sportsbooks – Add every book you have access to. The more, the better.
  • Select All Bet Types – Same logic. More opportunities, more volume.
  • Set Your Risk Strategy – Choose flat or Kelly bet sizing.
  • Click View Markets

This brings you to the real power of Portfolio EV — our back-tested market data.

2. Use the Right Filters

Set your timeframe:

  • Current season for sports in-season now.
  • Previous season for sports like MLB just getting underway.

Adjust filters like:

  • OS Rating (1–5) – The higher, the stronger the edge.
  • Expected Value
  • Odds Range
  • Market Type

We recommend starting with a minimum 2 OS rating. You can loosen it to 1 if you want more volume. All are long-term profitable.

Bonus tip: Consider creating separate portfolios by sportsbook. Some markets consistently perform better on certain books.

3. Only Show Positive Historical ROI Bets

When using your portfolio in the Top Bets page:

  • Use the filter dropdown to hide bets with negative historical ROI.
  • Choose current or previous season data.

You’ll now only see historically profitable bets based on real data.

4. Update Your Bankroll Daily

This lets Portfolio EV auto-calculate bet sizes based on your strategy.

  • Flat Betting: Every bet = 1% of your bankroll.
  • Kelly Betting: Bets vary based on the edge.

Example: $1,000 bankroll + flat strategy = ~$10 bets across ~100+ edges.

How to Actually Place Bets at Scale

Now the fun part: mass execution.

  • Tap “Bet” on any bet — it goes straight into your bet slip.
  • Use the Mass Entry Tool to add 20 bets at once.
  • Use the Parlay Builder for auto-generated +EV parlays.

You can place hundreds of sharp bets in minutes.

Trust the Process (And Ignore the Noise)

Don’t overthink it. Don’t cherry-pick. Don’t worry about a single bad beat.

  • You’re not risking your bankroll on 4 picks.
  • You’re spreading your edge across 100-plus independent bets daily.
  • A few losses mean nothing in the grand scheme.

This approach eliminates risk of ruin and turns variance from an enemy into an afterthought.

Final Tips for Success

✅ Use Historical ROI Filters – Trust the data. If it’s back-tested profitable, it’s worth betting.

✅ Join the Odd Shopper Discord – Sync your account in profile settings and jump in. Learn from power users, ask questions, and get help 24/7.

✅ Download the Odd Shopper App + Enable Notifications – This keeps you plugged into every new edge, even when you’re on the move.

That’s it. You’re ready to start volume betting the smart way. Place hundreds of +EV bets. Reinvest your bankroll daily. Let the edges stack up.

Categories Betting 101
The Portfolio EV Checklist: Start Betting Smarter Today
How to Be a Profitable MLB Bettor: Finding Positive EV
Sam Smith

Author

Sam Smith

Sam Smith is a writer and editor with Stokastic and OddsShopper. He has been immersed in the world of professional sports data since 2015 while also writing extensively on the NFL for a multitude of blogs and websites. With OddsShopper, Sam looks to blend his sports and editorial expertise with OddsShopper's data to bring you the best betting information possible.

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