What is PrizePicks, and how does it work?
PrizePicks is a daily fantasy sports platform that allows users to pick a select number of players in order to create customized "player prop" entries. Users can make predictions on the performance of individual players in games across various professional sports leagues, including the NFL, NBA, MLB, PGA, and more. Users can then win cash prizes based on the accuracy of their picks.
How does your tool work, and how can it help me with PrizePicks?
Our tool calculates the sportsbooks' projections for a given prop based on the prop and the odds offered. The tool removes the vig to get the actual number the sportsbooks think the player will achieve for that stat. It then uses that projection to estimate the probability of the prop hitting on PrizePicks. By using this information, you can make more informed picks and increase your chances of winning.
What is the 54% threshold for breaking even on 5 and 6 leg parlays, and why is it important?
The 54% threshold is the estimated success rate needed to break even on 5 and 6 leg parlays on PrizePicks over the long term based on the current payout structure. This means if you can find plays that win at least 54% of the time you will be able to break even over the long haul.
How frequently do you update the data?
Both PrizePicks and prop markets are updated every minute. Use the refresh button to fetch the latest data.
What is a vig?
Bookmakers charge a commission on every bet placed in order to make a profit. This commission, also known as the vig, is usually a percentage of the total amount bet and is included in the odds or line offered by the bookmaker. For example, if a bookmaker offers odds of -110 on a particular bet, it means that you would need to bet $110 in order to win $100, with the extra $10 going to the bookmaker as their commission.
What are vigless odds?
Vigless odds remove the bookmaker's commission from the calculation and represent the true odds or probabilities of a particular outcome. We use vigless odds to get a more accurate projection of the sportsbooks props.
How do you handle props that are on an integer or whole number?
For these props there is the possibility of a push which gets factored into the calculation. The probability of a push is removed from possible outcomes because a push will not count as a win or a loss.
What are implied odds?
We show the implied odds for the prop at PrizePicks based on the projection we got from the sportsbooks. With that same projection we figure out the percentage of success on this prop and convert that into odds. The odds of a prop going over or under will not include a vig.