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Online Sports Bet Hints

by Maggie Bentham (2019-11-24)

Value hunting is universal. It is applicable to both life and business. And it should apply to football betting as well. Many punters fail to appreciate the significance of value betting. This is the most important But additionally the most misunderstood concept in football betting. Value is the real key to making profit in the long haul.

Remember, value is found whenever you may get an object for less than what it's actually worth. The next illustration will clearly explain this.

You are an antique enthusiast and you are browsing around an antiques shop. You notice a nice old vase on offer for $100. You know you can resell the vase for at least $120. This implies there is VALUE in buying the vase. The key here is your knowledge that the vase is actually worth $120.

In contrast, if you buy the vase with the intention to sell it but WITHOUT KNOWLEDGE just how much you might sell the vase for, then this isn't a wise purchase which is not just a value buy.

The exact same principle applies to football betting. In sports, the true value of the outcome of a match is expressed by the probability of that outcome happening. If you're able to get a price which is HIGHER than the one indicated through the probability, in which case you have found value.

Because of this, the prices (or odds) offered by the bookmakers are linked to the probability of that outcome happening. Simply, how do we determine if the odds are of value?

Fair prices (or odds) are set if the result is expected to be a 50/50 situation.

Let's take the example of the flipping of a coin. As you will discover two sides of the coin, the chances of heads and tails are 50% each. The formula to calculate the odds in such a 50/50 situation is 100 / 50 = 2. Therefore, odds of 2 are called FAIR ODDS.

As such, if we have been soccer betting on coin-throws, in the event the price offered is lower than 2, then it has no value because we are going to definitely lose. On the other hand, in the event the price is higher than 2, say 2.10, it means the probability for the win is 5% higher (2.10/2.00). This really is value.

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