Bet on Value - The Guide to Value Betting
If you've just picked up sports betting recently, you might have heard the term betting on value or value betting for a number of times already but do you actually know what it is?
Value betting is extremely important skill for anyone doing betting professionally. While the bookmakers set odds based on their assumptions of the outcome and the bettor tries to make the best bets possible based on the information he or she has, nobody really know the true probability of the outcome of an event for sure.
So a value bet in its essence is when a bettor has correctly identified the probability of some event occurring and it's higher than that implied by the bookmaker's odds. So a value bet is when the probability of outcome is higher than probability implied by odds. Value bet is a bet that has value in it. So when we talk about value bets we are in essence talking about beating the bookie.
If you has a bettor don't know the most likely outcome of the event, you could then check dozens of different bookies for the odds of the same event. Even 10 of them give you very similar odds and one of them gives you something totally different, there's a chance there might be some value in it for you with that bookie. Obviously, betting with that bookie on that event doesn't mean that you will win, but doing the same thing over and over in the long run there's a good chance you'll be beating the bookie.
What is value betting?
Value betting is extremely important skill for anyone doing betting professionally. While the bookmakers set odds based on their assumptions of the outcome and the bettor tries to make the best bets possible based on the information he or she has, nobody really know the true probability of the outcome of an event for sure.
So a value bet in its essence is when a bettor has correctly identified the probability of some event occurring and it's higher than that implied by the bookmaker's odds. So a value bet is when the probability of outcome is higher than probability implied by odds. Value bet is a bet that has value in it. So when we talk about value bets we are in essence talking about beating the bookie.
If you has a bettor don't know the most likely outcome of the event, you could then check dozens of different bookies for the odds of the same event. Even 10 of them give you very similar odds and one of them gives you something totally different, there's a chance there might be some value in it for you with that bookie. Obviously, betting with that bookie on that event doesn't mean that you will win, but doing the same thing over and over in the long run there's a good chance you'll be beating the bookie.
more in betting
6 Things Not to Do if You Want to Make Money With Sports Betting
Lots of people are doing the dumbest things when betting, especially those people who treat sports betting as a hobby not an investment opportunity. But if you're not one of them, you shouldn't do the same mistakes they are doing.
Lots of people are doing the dumbest things when betting, especially those people who treat sports betting as a hobby not an investment opportunity. But if you're not one of them, you shouldn't do the same mistakes they are doing.
Where to Find Best Sports Betting Tipsters
While you can always choose to decide on which bets to make yourself, but as you can't be an expert yourself in every market, help from sports betting tipsters should always be appreciated. However, how to find the best betting tipsters?
While you can always choose to decide on which bets to make yourself, but as you can't be an expert yourself in every market, help from sports betting tipsters should always be appreciated. However, how to find the best betting tipsters?
Earn Cashback on Your Betting
Imagine that every time you bet on a sports event with a bookie, or go to an online casino and play slots, or even play bingo, you would get a percentage of the amount you bet back, no matter the outcome. Sounds like a dream? Maybe. But it is real.
Imagine that every time you bet on a sports event with a bookie, or go to an online casino and play slots, or even play bingo, you would get a percentage of the amount you bet back, no matter the outcome. Sounds like a dream? Maybe. But it is real.
How to Track Your Betting Results Like a Professional
As you might imagine, tracking your betting results is extremely important. Going even further, we could say that keeping score of your results is one of the most important things you need to be doing.
As you might imagine, tracking your betting results is extremely important. Going even further, we could say that keeping score of your results is one of the most important things you need to be doing.
Introduction to Betting Money Management
In the end of my previous post I mentioned the importance of your betting bankroll and your betting bankroll management, so let's dig deeper into the topic.
In the end of my previous post I mentioned the importance of your betting bankroll and your betting bankroll management, so let's dig deeper into the topic.
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