What is the value bets formula?

A bet is a value bet if the following formula applies: Value = (Probability * Decimal odds) -1. If the value is 1.08 -1, then a value bet has been found as it is greater than 0.

How do you calculate value bet?

What are examples of value bets?

If there is a much better chance of an event occurring than what the bookie's odds say, you have a 'value' bet. For instance, the bookmaker has offered odds of 2.50 on Arsenal to beat Manchester United. The implied probability of this event occurring is 100/2.50 - 40.

How do you profit from a value bet?

As you will only be placing a single bet on a match, you will not win every bet you place. But assuming all bets placed will be a value bet, with a positive expected value, you will be making money in the long run. Volume is key when value betting. By placing lots of value bets, you can expect higher profits.

Are value bets worth it?

If you constantly find value bets, you will be a profitable bettor in the long run. However, bookmakers never intentionally offer value opportunities, as the odds they offer do not represent the true probability of an outcome.

The Secret Formula to Win at Betting

What type of bet is most profitable?

Remember that college football is the most profitable betting option out there. Baseball has the lowest betting value for new and experienced bettors.

What is under 2.5 value bets?

Under 2.5 Goals is a popular football bet that literally means you are betting on there being less than 2.5 goals in a football match. That means you'd win this under 2.5 goals bet if the match you'd bet on produced no goals, one goal, or two goals.

What is over 1.5 value bets?

OVER 1.5: The number of matches a team has featured in where over 1.5 goals were scored by both or either team. UNDER 1.5: The number of matches a team has featured in where under 1.5 goals were scored by both or either team.

What is the expected value of a $1 bet on red?

Since we have a discrete random variable X for net winnings, the expected value of betting $1 on red in roulette is: P(Red) x (Value of X for Red) + P(Not Red) x (Value of X for Not Red) = 18/38 x 1 + 20/38 x (-1) = -0.053.

How do you calculate the expected value of a $1 bet?

What is +500 odds?

A +500 bet means you can win $500 with a $100 wager; this is also known as 5-to-1 odds. Meanwhile, a -500 bet means you must wager $500 to win $100 (plus your original wager back).

What are 9 2 odds on a $2 bet?

Example #2: A horse that wins at 9-2 will return $4.50 for every $1.00 wagered. If you had placed the minimum bet of $2 on that horse to win, your payoff will be: $9.00 (4.50 x 1 x $2) + your original bet of $2 – for a total of $11.

What does (- 110 pay on a $100 bet?

The number next to the minus sign is the amount you must bet to win $100 in profit. If the number is -110, you must bet $110 to win $100.

What is a good value bet?

Always Look for Value

Value means getting better than “true” odds on a team. For example, if your objective assessment of the game suggests the underdog should be receiving 3.5 points, but is receiving 6.5 point, then that is a value-betting proposition, also called an “overlay”.

What does 1.75 mean in bet?

Under 1.75 is a HALF-LOSS. Over 1.75 is a HALF-WIN.

Is 2 1 odds the same as 200?

A 200 moneyline price is therefore the same as the fractional 2/1 odds, or 3.00 in decimals.

Is 15 2 a good bet?

A 15-2 winner is good odds and a 15/2 loser is bad odds.

Is 5 2 a good bet?

Many punters ask if 5/2 odds good or bad and the boring answer is it depends on whether it is value for money in the betting market. A 5-2 winner is good odds and a 5/2 loser is bad odds.

What does under over +2.5 mean?

Over/under 2.5 goals is the most common market as far as the football matches are concerned, meaning that you can bet on over 2.5 goals to be scored (you win if there are three or more goals scored) or under 2.5 goals (you win if there are two goals scored or less).

What is the easiest bet game to win?

Double chance bet: In this bet, you win money when any two from the three outcomes are obtained. It means, even draw match wins you money when you have placed money on the possibility of draw or lose. 1x2 betting with double chance proves easy when the strong team is meeting a weak team at home ground.

What is the safest type of bet?

Victory for the team considered the big favorite

It is considered the safest type of bet, even if the discussions are endless. Betting on the (clear) favorite team is appreciated and used by most players. However, it is good to look carefully, to distinguish between a valuable quote and one that involves too much risk.

What is the biggest bet win of all time?

Topline. Texas furniture kingpin Jim McIngvale—better known as “Mattress Mack”—won $75 million on Saturday after his bet that the Houston Astros would win the World Series paid off, taking home what is believed to be the largest payout in legal sports betting history.

What does 5000 to 1 odds pay?

Clarke, who has season tickets to see the Foxes, had a 10 pound bet ($14), thanks to the 5000-to-1 odds, result in a 50,000 pound ($72,480) pay out.

How much is $100 bet on 220?

Going further, a $100 bet on the draw at +220 would payout $320.

What happens if you bet $100 on a 220 money line?

For instance, a $100 wager on +220 odds would return a profit of $220. However, a team with -220 odds would require a $220 bet to return a profit of $100.