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Online Sports Betting Strategies

by Renate Waldman (2019-11-24)

Value hunting is universal. It really is applicable to both life and business. And it should apply to football betting also. Many punters fail to appreciate the significance of value betting. This really is the most important But also the most misunderstood concept in football betting. Value will be the real key to making profit within the long term.

6 months agoAs always, value is found when you may get an object for less than what it's actually worth. The following illustration will clearly explain this.

You are an antique enthusiast and soccer gambling also you are browsing around an antiques shop. You notice an excellent old vase on offer for $100. You know you might resell the vase for at least $120. This means there is VALUE in buying the vase. The key here is your understanding that the vase is in fact worth $120.

Alternatively, if you buy the vase with the intention to sell it but WITHOUT KNOWLEDGE just how much you can sell the vase for, then this is not a wise purchase and it 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 can get a price which is HIGHER than the one indicated by the probability, in which case you have found value.

As a result, the costs (or odds) offered by the bookmakers are associated with the probability of that outcome happening. Now, how do we determine whether the odds are of value?

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

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

For this reason, if we have been betting on coin-throws, in the event the price offered will be lower than 2, then it has no value because we will definitely lose. However, if the price is higher than 2, say 2.10, it means the probability for the win is 5% higher (2.10/2.00). This is value.

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