Value in Sports Betting

Serious punters and sports bettors are constantly talking about value. They are always looking for ways to get an edge over the bookmaker.
depo 50 bonus 30 to 4x It is not easy to determine if you are truly valuable. Only time will tell. You will either be profitable or unprofitable. Yet the rule of at least attempting to obtain value remains an crucial factor.
You are generally looking for a situation where a horse, team or competitor has a greater chance of winning a contest that their odds suggest.
For instance you might evaluate that a competitor in a sprint has a 10% likelihood of winning the race. This probability can be divided by 100 to get 0.10. Divide 0.10 into 1 to convert your probability into odds. You will then be left with odds of  +1000  or 11.00 (decimal/euro) or 10/1 (fractional).
In other words, odds are the probability of something happening while probabilities are the chance of something happening.
Next, you need to take a look at the market. If most of the prices are sitting at or close to 10/1 or lower for this event - then you should not bet! This is a hard discipline to learn. Although you may believe you can win this contest by placing a wager on it, you shouldn't. You don't have any advantage over the book.
If the prices displayed with the bookmakers are, e.g. 12/1, you would bet the event. You may choose to stake more the greater the value and price over the 10/1 mark - but this is really a staking issue and warrants more explanation in another article.
You may wish to build in a safety margin for your own inaccuracy re estimation or to allow for the sportsbook's vigorish (built in profit margin). So you might reduce all prices on display at the bookmakers by e.g 10% or instead add 10% to your estimated price for an event.
Discovering value in particular sports is more difficult than others. Some people like to concentrate on niche sports, maybe pool, darts or UFC. Others prefer to bet on traditional sports, but only in the minor leagues.
This is because bettors believe they have an advantage. They think the bookmaker might not be able to monitor all markets at once and so are more likely raise prices than they should.
Larger mainstream markets like Premiership football can be demanding for the punter because it is a massive market for the bookmaker and he has time to analyse all aspects of an forthcoming game.
However, other mainstream sports such as Basketball (NBA and college) or MLB offer up a huge quantity of fixtures which can leave the bookmaker under pressure at times. Keep in mind it is not solely a matter of posting prices in basketball for example, each line has to be monitored and moved appropriately.
If you're just starting out, the best advice is to first find your sport and become a specialist in it. Then start searching for the holy grail...value.
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