Value in Sports Betting

Value is a constant topic for serious punters and sports betting experts. They continuously look for an edge to gain the upper hand over the bookmaker.
It is not easy to determine if you are truly valuable. Only time will tell. Either you will be profitable or not. However, the principle of at least trying to gain value is still important.
For the most part what you are looking for is a circumstance where a team, horse or competitor have a better possibility of winning a contest than their odds suggest.
For instance you might evaluate that a competitor in a sprint has a 10% likelihood of winning the race. This probability can be divided by 100 to get 0.10. Divide 0.10 into 1 to convert your probability into odds. You will then be left with odds of  +1000  or 11.00 (decimal/euro) or 10/1 (fractional).
Effectively odds look at the likelihood of something not occurring whereas probability looks at the chances of something occurring.
Next, you need to take a look at the market. You should not place your bets if the majority of prices are at or near 10/1 for this event. This discipline is difficult to master. Although you may believe you can win this contest by placing a wager on it, you shouldn't. You don't have any advantage over the book.
But if the prices on display with the bookmakers are  e.g. You would place a bet on the event if the prices displayed with the bookmakers are, e.g. 12/1. You may choose to stake more the greater the value and price over the 10/1 mark - but this is really a staking issue and warrants more explanation in another article.
It is possible to add a safety margin to cover your inaccuracy in estimations or allow for the sportsbook's profit margin (built-in profit margin). You might lower the prices displayed at the bookmakers by 10%, or add 10% to your estimate price for an event.
Discovering value in particular sports is more difficult than others. Some people like to concentrate on niche sports, maybe pool, darts or UFC.  situs slot Other sports bettors favor typical sports but in the minor leagues of that sport.
Bettors do this because they feel they can achieve an advantage - they believe the bookmaker may not be fully capable of monitoring all markets efficiently from a time standpoint and are therefore more likely to put up prices that are bigger than they really should be.
Because Premiership football is a large mainstream market, it can be difficult for punters to access. He has the time and resources to analyze all aspects of the game.
Other mainstream sports like the NBA and MLB have a lot of fixtures that can put the bookmaker under pressure. It is not just about posting basketball prices. Each line must be monitored and moved accordingly.
So if you are starting out the recommendation is to find your sport, become an specialist in that market and then start looking for the holy grail...value.
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