VALUE BET IN SPORTS BETTING [BASIC CONCEPTS]

Are you wondering what is a value bet in sports betting? You are in the right place!

In this video, you will discover a fundamental concept in sports betting. First of all, we will introduce the concepts of odds and probability, which are the basis of sports betting, and show you how to convert odds into probability. Then we will illustrate how value betting works through a really simple example. Through this video, we want to emphasize the importance of always choosing value bets to become a winning bettor over the long term.

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[lukemcdermott]

This guy seems to really know what he's talking about!

[pocketsurprise]

You did not use the correct wording when explaining. A value bet is not when player thinks the odds offered by the book are higher than the actual probability of it happening. That may be the case in some instances depending on what you were betting, but it's the other way around, actually. A value bet is when the actual probability of an event happening is greater or higher than what the book is offering. That means you can buy in at a lower price, but the actual probability of it happening is better. The book wants to be right on queue with the probability so it is confusing and you won't know which way to bet but if you can see the probability of something happening or not happening is actually higher than what the book says, it has added value. It's a discrepancy in the odds the book is offering. You know there is a greater or lesser chance of it happening or not happening and the book has it priced wrong. Depends on what you are betting. Value goes both ways either the book has it over or under priced and you notice it, that is a one up for you.

[rickman]

I been a mug gambler for yrs, and I'm in need of finding and understanding a new way of winning. Cheers! Sth. OZ.

[scorpio]

My question is if for example I place a value bet and bithe team got good odds. Does this mean I only lose if the two teams go on a draw?

[mstii]

ArbAdviser has been my secret weapon for maximizing my betting returns. The software's detailed analysis and real-time odds comparisons have given me an edge. I'm excited to hear that they are updating the software and can't wait to resume making profit