Finding Value – Value bets and extracting maximum profit
Finding value is the key to making profit long term from betting. Not one single punter wins every bet he/she makes, in fact just getting a good winning percentage can be hard. Don’t give up if you have a few loosing bets because the good news is that if you make sure you find the value you will profit long term.
Value simply means finding better odds than the chance of it occurring. A crazy example might be a football match, lets say England v Andorra. The realistic odds for England winning at home might be around 1.2, but lets suppose you see the odds available at 1.7? This is a value bet it gives England roughly a 58% chance of winning the game, where in actual fact the probability should be more like 83%. If you could pick a bet like this every day then you would be very rich.