Moneyspinning
Well-known member
- $Points
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Having an intuition for value is essential as well. There is an art to value betting that even the most sophisticated mathematics cannot comprehend. Well, it is always good to start with the math. This is how a value bet is defined at its core.
In general, the value of a bet equals its probability multiplied by its decimal odds minus one. If the value after this calculation is greater than zero, then you have a value bet.
A simple example – the standard coin toss has a 50% chance of landing on a particular side. If a bookie offers 2.10 odds to land on heads, the bet has sure value.
In general, the value of a bet equals its probability multiplied by its decimal odds minus one. If the value after this calculation is greater than zero, then you have a value bet.
A simple example – the standard coin toss has a 50% chance of landing on a particular side. If a bookie offers 2.10 odds to land on heads, the bet has sure value.
