Alt: what is value betting
Are you tired of losing your bets to your bookmaker? Well, it is time to think like your bookmaker. A bookmaker uses in-depth industry analysis to decide on the odds of each game. However, it doesn’t mean this strategy is foolproof. As a player, can you use their poor judgment to your advantage and make them pay out more often? This is where understanding a value bet comes in handy. We’ll explore all this and more in this complete guide to value betting below.
What is Value Betting?
Value Betting is a way of betting that involves taking advantage of the odds offered by bookmakers. The strategy is to bet on the outcome of an event that has a higher probability of happening than the odds suggest. This is done by using a mathematical formula to calculate the value of each bet, which determines if it is worth placing.
The aim is to bet on events where the odds are lower than the probability of the event happening. A value bet can be made on any sport or market, so long as there is an established betting market for it, such as football or horse racing.
The most common example of value betting occurs when two teams are playing against each other. One team has been given better odds than they should have been given based on their performance in recent matches or overall record in previous seasons.”
Types of Value Betting
Value bets occur differently depending on a variety of factors. Below is a look at different types of value bets available at bookmakers:
Betting on the Big Favorite
Big favorites are the easiest type of value bet to understand. Big favorites are teams expected to win by a large margin, with their odds of winning at least -300. For example, you can try your luck at the best sports betting sites Philippines with games that offer odds that exceed -500 or -600.
Betting on a Low Favorite
With a low favorite, you are betting on a team that’s expected to win but not by a lot. Low favorites are often undervalued because they don’t get all the respect they deserve. When people make their picks, they often think about which team is playing better and neglect to consider how much of an underdog is getting paid out at the sportsbook.
If you’ve got your mind set on betting on your favorite team and want the best value, look for games where the line isn’t too much in favor of one side. You will have more potential profit if you can find a game where each team has an equal chance of winning and both sides. This requires a similar amount of action from bettors and bookmakers alike.
You can bet on a tie. Tie bets are also known as push bets. You can place this bet on any event, including sports, where the outcome is either a win or a draw. Tie bets are not uncommon in horse racing or boxing (a match could end in a draw if both fighters are knocked out). To win these types of bets, all you have to do is bet on some tied outcome.
The key difference between tie bets and other kinds of value betting is that there’s no way for them to lose money over time. Even if one team wins every game this season but only by one point each time (which would be very unlikely), your overall profit from betting $1 per point would still be more than 10%.
How Do You Calculate a Value Betting Margin?
Alt: how to calculate value betting margin
You need to calculate the margin to get the best odds for value betting. This is the difference between the odds offered by a bookmaker and the true odds of an event.
The formula for calculating the margin is as follows:
- Odds offered by bookmaker – True Odds = Margin
For example, if a bookmaker offers odds of 1.80 on a certain football match and it’s a 55% favorite, then this would give you a margin of 0.25 (1.8 – 1/3). That would mean that when correct, each $1 bet would return $2 in profit.
To find the margin, divide the odds offered by the bookmaker by the true odds. Therefore, if a bookmaker offers you an 80% favorite at 1.8 and it is 80% likely to win, then your margin is 1/1.8 = 0.625.
Example of Value Bet
An example of a value bet would be betting on a football game at Tether Betting App that you know will be close but not one of the more popular games. If you can find a team to bet on that has a chance to win but is underestimated by the bookies, then you should bet on them.
For example, if you were going to bet on a game between two teams that had played each other before and knew the outcome was close, but not as close as they would have been if they had played each other again (such as in a tournament or something), then you could bet on the underdog.
This is because most people will bet on the team they think will win or at least have more chance of winning. These players won’t necessarily be wrong; it just means they are choosing to make a safe bet rather than an exciting one where more risk is involved.
However, suppose you don’t research what happened in previous matches between these teams (or any other important information about them). In that case, there’s no way to know whether our decision will be based purely on instinct or whether we’ve done some research beforehand.
Important Tips When Using Value Betting
Below is a look at different tips and tricks to employ when using value betting:
Perform a Bet Analysis
It is highly advisable to scan markers to find profitable bets. The best way to do this is to use a bet analysis table. This simple tool can help you identify value bets, which have a higher probability of winning, and poor-value bets, which are more likely to lose money.
Using a bet analysis table will also help you avoid over-betting. When scanning markets for valuable opportunities, getting carried away and going on a betting spree is easy. If you keep track of all your bets in one place, you’ll be able to see if you’re overbetting and make adjustments accordingly.
Value Bet Calculation
Value betting is a great way to improve your results, but it’s not always easy to calculate. You can perform value betting calculations manually or use value betting software like Value Bet Calculator.
The manual method may be fine if you’re only interested in calculating value bets for one race. However, using a software-based solution will save you time and effort if you want to calculate value bets for multiple races per day or week.
Try Multiple Bookmakers
To start value betting, you must create betting accounts with several providers. It is important to spread your risk by opening multiple accounts at different bookmakers. This will allow you to access odds from different sources and take advantage of value bets available at one bookmaker but not another.
Find the Highest Betting Odds
If you are looking for a good value bet, look for the highest betting odds available. This is because high odds mean that the bookmakers think the team has a good chance of winning. To find these odds, you need to go to an online bookmaker and look at the markets for each match. You can then pick out which teams have high betting odds and place bets on them.
Use Bonus Offers
When value betting, you can use bonus offers to increase your payout. Many online bookmakers offer in-play and deposit bonuses, which can be used as an incentive to place a bet.
You can also bet on events that are less likely to happen. This means that if you bet on something unlikely to happen, but it does happen, your winnings will be higher than if you had won on something more likely.
Value Betting Software
Value betting software is a program that helps you to find value bets and then execute them. You can do this with manual clicks or by using automated processes.
A value bet is a bet that has a higher expected return than the bookmaker’s odds suggest. If you bet on a team with odds of an even chance of winning, and they win, you are being given 31% of your stake back by the bookmaker (in addition to their cut). For example, if you place £10 at 10/1 odds on Arsenal winning against Chelsea, if Arsenal wins, then you will get £31 back from your original stake of £10 (including their cut).
However, some bookmakers will not offer such generous odds on teams with a better than 50% chance of winning. So if you want to take advantage of these more generous odds, then it might be worth looking at value betting software instead.
Best Bet Types When Value Betting
There are a variety of bet types that work well with value betting. Here is a look at different bet types that work well when value betting:
2-Way Bets and Asian Handicap
The two best bets for value betting are 2-way bets and Asian handicaps. These bets differ, but they both involve some form of handicapping. A 2-way bet is a wager that allows you to choose the winner of two teams, while an Asian handicap is a bet that gives one team a head start over another team.
1X2 betting is a type of bet that gives you a good chance to make money. It’s yet another bet type to consider when using the value betting strategy. The betting market gives you a chance to gamble on a Home Win or Away Win with a high likelihood of the teams getting a draw.
Live betting is a great way to make the most of your bets. Although you may be tempted to place a bet on the outcome of an entire match, it’s best to focus on late goals instead. This is because such bet types often have value bets with the best odds.