What is one way of winning online bets with a solid long-term strategy? There are numerous trending ideas that suggest different approaches to how you place your stakes and the potential end profits. You can read everything you need to know about optimal betting strategies in our dedicated review article.
In the world of classic betting strategies, the Value Betting strategy is one of the most widely appreciated schemes in Tanzania. Keep reading the article to learn more about the wagering plan and some key principles.
What is the Value Betting?
Value Betting refers to the principle of wagering on events that are underestimated by their predetermined odds. Sometimes, the bookmaker will set lower odds for events than their actual betting worth. If you expect a game to lead to higher payouts and winning potential than implied by the sportsbook odds, you can place a value bet on the game.
- Profit from higher profits by wagering on devalued events and avoiding the profit margin set by the sportsbook.
Examples
This strategy is not as simple as you may have thought. Finding values in sports wagering requires a certain set of skills and knowledge. However, with a proper practive it will seem like a piece of cake. First, let’s review the strategy in more detail with specific sports examples.
- Scenario: football match between Arsenal and Manchester United.
- Bookmaker odds: Arsenal winning (1.60), Manchester United (3.00), draw (3.50).
- Your calculated odds: Arsenal winning (more than 1.60), Manchester United (less than 3.00), draw (3.50).
- If your calculations indicate a higher chance of winning than offered by the sportsbook, place the value bet for a higher potential payout.
- Scenario: basketball game between New York Knicks and Boston Celtics.
- Bookmaker odds: New York Knicks winning (1.80), Boston Celtics (4.00), draw (3.00).
- Your calculated odds: New York Knicks winning (more than 1.80), Manchester United (less than 4.00), draw (3.00).
- If your calculations indicate a higher chance of winning than offered by the sportsbook, place the value bet for a higher potential payout.
Strategy Principles and Advice
Value wagering is a solid plan as long as you get the hang of it. While the basic principles are pretty clear, it is not always easy knowing when to go against the system. Here is a broader overview of the most essential factors to consider when working out the wagering.
#1: Follow Professional Tipsters
- One of the best and most secure ways to start wagering is by learning from professionals.
- Follow top professional tipsters to gain powerful insight that will give you more statistical value than the bookmaker.
- Compare various predictions from several tipsters to gain the best offers.
#2: Become an Expert in a Specific Sport
- It is wiser to stick to a particular sport or league instead of a broader selection.
- By focusing on a single sport, you can notice trends and essential momentum shifts that will be significant for determining odds.
#3: Be Selective
- Being selective in value betting strategy is crucial for long-term success.
- Make sure not to go for the favorite if the statistics do not imply any value.
- Focus on the bets with the strongest edge instead of multiple games.
#4: Focus on Implied Probability
- Value betting strategies involve comparing your calculations to the implied victory chances offered by the sportsbook.
- As soon as you calculate the implied probability using the sportsbook odds, you can truly determine the value of placing a bigger stake on the unfavorable event.
Value Betting: Pros and Cons
The strategy can become an amazing tool for both beginners and regular punters. Consider its potential pros and cons to fairly approximate its benefit for your own wagering scheme.
Pluses
- Long-term Profitability. The plan allows you to make a stable profit over time as you benefit from the positive expected value.
- Objective Reasoning. Punters are not exposed to emotional decisions or momentum shifts and are instead objectively wagering on certain events.
- Critical Assessment. Seeking value in bets involves key wagering and research skills, leading to your critical assessment skills being actively sharpened.
- Wagering Flexibility. The principle is relevant for most sports and wagering markets, meaning high applicability and usefulness once you master the technique.
Minuses
- Unpredictable. Betting against the bookmaker odds can be very unpredictable, especially when it comes to assessing the favorites.
- High Assessment Risks. Due to the high number of factors involved, you may experience difficulties with accurately predicting each sports event. Sometimes, your calculated points will not play out due to certain factors involved.
Final Words
Ultimately, the value betting strategy presents an amazing opportunity for punters to use their critical analysis skills to profit in the long run. You can benefit from the technique as long as you follow our advice and keep some challenges in mind. In the end, it all comes down to lots of time and practice.
F.A.Q.
The strategy can definitely be worth it in the long run as long as you balance it with other betting approaches.
You have to calculate the odds and the bookmaker’s predicted chances of each team winning and then compare your calculations with the bookmaker’s predictions.
You can calculate the value mathematically by multiplying your set probability by the offered odds and subtracting 1 from the number.
