DFS apps quickly found their place in the betting ecosystem as they hit the degenerates favorite things: Easy to use apps & parlays. These apps know this and target this audience directly in their marketing.. but how can you be the 1 a dozen who wins using these apps?
First: let's understand how these odds work. See these arent your typical sportsbook as there aren't even odds until the second leg is put together. But by doing some quick math, it can be implied the math below is the price of each piece within the 2 core apps (Prizepicks & Underdog)
Finding multiple discrepancies can create an advantage within the DFS space and with the core audience not being "sharp" you'll see major line moves wait just a touch longer on the DFS apps. If you have a screen to take advantage, you can certainly win on the apps
Value in promos
Prizepicks has become well known for their "Taco Tuesday" promo (as well as several others such as free wager Fridays) which give users boosted odds or free squares (Lebron over 0.5 pts) to try to grab more attention. But with some easy math, you can quickly price out these boosts and see their Expected value
Example above was a Ladd McConkey taco, which gave users the Ladd square for the same price but a fair price of -320! So knowing a 2 leg pays +200 & 1 of your legs is a -320, any bet > +127 would build a profitable bet! With most prize picks squares sitting at -114 market avg, you can quickly have a near 20% EV wager (& if you took time to optimize the bet, could get even better)
Correlation: the scary talk
We won't go too deep here, but in short: these books aren't the best at pricing in multiple events that are correlated.. Let's use a patched example: previously users could take a QB passing completions OVER as well as the primary WR receptions OVER and pay the exact same +200 to get these bets. Over time, the apps have gotten good at finding a lot of the low hanging correlation spots, but there are still plenty of angles available throughout the book for those who want to take the time and get creative. An easy reference to see what books believe is testing out the same positions within actual sportsbooks. So let's say you go NFL: Mahomes OVER yards & Worthy OVER yards. these are very obviously correlated, but lets hypothesize PP gave you +200.. go over to FD to see they'll pay you +171, giving you a good bet ( SGP will be integrated into Bettor Odds soon, allowing users to quickly see the pricing for any parlay combo)
Overall, DFS apps can be a great add to your betting portfolio. If you aren't sure what you're doing.. sit back & wait for Taco Tuesday or free square promos! No reason to force your hand. If you are an advantage bettor, use an odds screen to find the best squares available and get to betting! Reminder these will be large +$ wagers in most cases, so the staking size will be significantly smaller than your typical betting. Stake properly, have justification behind the wagers take (DO NOT look into their fancy stat histories.. idgaf if hes went over in all his last 5) & collect your coin! 