Value betting is a strategy that allows bettors to gain an edge over bookmakers by identifying and placing bets on odds that are higher than the actual probability of the outcome. This technique can significantly maximize your profits in sports betting.
How Does Value Betting Work?
To successfully use value betting, follow these steps:
- Identify the true probability of an event.
- Compare the true probability to the bookmaker’s odds.
- Calculate the “value” using this formula: Value = (Odds * Probability) – 1.
- Place bets only when the value is positive.
By consistently finding and betting on positive value, you can increase your chances of long-term profitability in sports betting.
