These are the Most Frequently Asked Questions
If we haven't answered your questions, our support team is very responsive, so please feel free to send us a message and we'll get back to you immediately.
What is Outlier Pro and how does it work?
Great question. To start, thumb through the educational articles on the "Learn" tab to get familiar with concepts like:
Are Positive Expected Value bets guaranteed to win?
No. Positive EV betting is a long term strategy. Positive Expected value (EV+) simply refers to situations where the potential payout from a bet is higher than the risk involved. Sharp bettors look for these scenarios since the bet is expected to be profitable in the long run as variances play out.
Are Arbitrage bets guaranteed to win?
Yes. Arbitrage Betting is a strategy where a bettors make multiple bets on opposing sides of a gameline or prop, guaranteeing a profit no matter the result.
However, there are still risks associated with arbitrage betting. For instance, if the bettor gets a bet down on one side of the line, but the line moves to less favorable odds on the other side of the line before the bettor is able to place the second bet, the bettor might could be stuck with a large and unfavorable bet one side of line.
How many sportsbooks do I need for Arbitrage to work?
Arbitrage opportunities can exist entirely on one sportsbook, so technically, bettors only need one sportsbook to arbitrage. However, the more sportsbooks a bettor has access to, the more arbitrage opportunities they'll be able to execute on.
How big does my bankroll need to be to start executing and Expected Value strategy?
Any bettor with any size bankroll can execute on an Expected Value strategy by employing the Kelly Criterion. The Kelly Criterion is a mathematical formula that is used to determine the optimal amount of money to bet on a particular wager based on the perceived probability of winning and the potential return on investment.
Using the Kelly Criterion, bettors can allocate an appropriate percentage of their bankroll to EV+ opportunities, regardless of the size of their bankroll.
I don't understand some of these terms, can you help explain?
Yes! We've put together a Glossary of Terms that should be helpful. But, of course, reach out if you run into any terms that we haven't defined.
What sportsbooks does Outlier use to devig odds?
We are constantly adding sportsbooks (so definitely check back). But at the time of writing, we allow Outlier Pro users to devig odds with sportsbooks including: Pinnacle, BetUS, BetOnline, SuperBook, BetUS, MyBookie, Caesars, DraftKings, BetMGM, and FanDuel.
What if I don’t end up liking Outlier Pro?
No problem. We offer a 7 day free trial to all users so that you can try out Outlier Pro risk free.
What if I want to upgrade, downgrade, or cancel my subscription?
If you subscribed to Outlier via the Apple App Store or Stripe, you may upgrade from Outlier Premium to Outlier Pro at any point during your free trial. Immediately upon upgrade, your free trial will end and you will be billed for an Outlier Pro subscription.
If you subscribed to Outlier via the Apple App Store or Stripe, if you choose to upgrade your subscription from Outlier Premium to Outlier Pro in the middle of a billing cycle, you will be credited with the prorated balance of your Premium subscription, will be immediately charged for an Outlier Pro subscription in full, and your recurring billing date will be updated to the date of upgrade.
If you subscribed to Outlier via Stripe, if you chose to downgrade your subscription from Outlier Pro to Outlier Premium in the middle of a billing cycle, you will be credited with the prorated balance of your Pro subscription, will be immediately charged for an Outlier Premium subscription in full (deducted from your credit balance), and your recurring billing date will be updated to the date of downgrade. Recurring payments for Outlier Premium will continue to be deducted from your credit balance until exhausted. If you subscribed to Outlier via the Apple App Store, there will be no credit/credit balance, and you will remain an Outlier Pro subscriber until the end of your billing cycle, at which point you will begin the new billing cycle as an Outlier Premium subscriber.