Value,Sports,Betting,Serious,p sports Value in Sports Betting
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Serious punters and sports bettors are constantly talking about value. They continuously look for an edge to gain the upper hand over the bookmaker.Obviously, it is by no means easy to establish whether or not you have genuine value, merely time will tell. You will either be profitable or unprofitable. Yet the rule of at least attempting to obtain value remains an crucial factor.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. Divide this by 100 for to reach a probability of 0.10. You can then change your probability into odds by dividing 0.10 into 1. 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.So next you want to look at the market. If most of the prices are sitting at or close to 10/1 or lower for this event - then you should not bet! This is a hard discipline to learn. You may think strongly that you will win by making a bet on this contest but you mustn't because you don't have an edge over the book.But if the prices on display with the bookmakers are e.g. 12/1, you would bet the event. 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.You may wish to build in a safety margin for your own inaccuracy re estimation or to allow for the sportsbook's vigorish (built in profit margin). So you might reduce all prices on display at the bookmakers by e.g 10% or instead add 10% to your estimated 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. 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.Larger mainstream markets like Premiership football can be demanding for the punter because it is a massive market for the bookmaker and he has time to analyse all aspects of an forthcoming game.However, other mainstream sports such as Basketball (NBA and college) or MLB offer up a huge quantity of fixtures which can leave the bookmaker under pressure at times. Keep in mind it is not solely a matter of posting prices in basketball for example, each line has to be monitored and moved appropriately.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.View sportsbooks
Value,Sports,Betting,Serious,p