Do you fully understand what a value bet is?

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WinJonny

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Do you fully understand what a value bet is?

Value is a phrase that is frequently used in reference to sports betting, although many gamblers are unfamiliar with it. The idea is rather simple because value basically just calculates the correlation between a selection's chances and the likelihood that the related result will occur.

A pick is said to have significant expected value when the chances are higher than they "should" logically be relying on the applicable probability.
 
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