Value Betting Explained Value Betting as a Betting Strategy

If you’re committed to pure betting, you’d be wise to find the best odds wherever you can, so if that’s a bookmaker then so be it. This is because the odds represent the ‘price’ in very real terms; they represent the cost to you of placing the bet. It’s easier to think of it in terms of something else you might buy regularly.

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A message will automatically pop up in your browser every time a value bet is detected. How Trademate detects these bets is a matter of secrecy (we suppose if you had a good strategy for detecting value bets, you would not share it parimatch too easily either!). However, as you can see from the video below, a lot comes from comparing odds at various bookies.

What is the most profitable betting strategy: matched betting, arbing or value betting

• Let’s break down what a double down bet really is, when it works in your favor, and when to avoid it at all costs.
• This staking style is more popular with aggressive bettors who have a lot of resources in their gambling bankroll.
• It is this EV that must be compared to the implied probability of a certain outcome to determine if a bet is a value bet or not.
• Calculating the chance and the value of the bet using the formulas above is key to finding bets of value which we’ll cover below.
• Taking advantage of the best available odds enhances your potential returns.
• To fully grasp value betting, you must understand the relationship between probability and odds.

Don’t forget to review your results periodically to figure out what needs to be improved. Occasionally tweak your value betting strategy, keeping in mind that samples of less than 1.000 bets can be misleading. Knowing that the actual probability of the coin landing on each side is 50%, the correct odds for either outcome should be 2.00. Learn here how to easily convert probabilities to odds and vice versa. You are betting where the value is every time you are backing odds that are higher than what the true probabilities imply.

Should I use a tipster to help me identify value bets?

A value bet is the one where you believe the chances of one team winning are better than the odds suggest and all you need to do is to take advantage of the situation. Matched betting, on the other hand, is a system that uses bookmakers’ bonuses and promotions against them. Bettors sign up with multiple bookies and will often use lay-betting to make sure they cover all eventualities, ensuring an outcome. Value betting on favourites is one of the preferred strategies of most bettors. This is when you believe the bookie has undervalued the favourite and that they actually have a better chance of winning than what their price suggests.

They tend to have higher margins and adjust their odds relatively slowly, often in response to odds changes at sharp bookmakers or exchanges. Some bookmakers also take into account odds from betting exchanges or other bookmakers when setting their own odds. But, if you can consistently find bets that have value to you – known as positive expected value (+EV) bets – you can make fantastic long-term profits from value betting.