Value Betting: How to Find Value in Sports Bets
Let Sports AIs predictions help you find value bets more easily
Value bets: An introduction
When it comes to betting on sports, there are a variety of different ways to go about it. Some people like to place general wagers, like the home team or the total points scored in a game. Others like to place more specific bets, like the game with the best over/under or the game with the highest probability of a walk-off home run. But the most successful sports bettors will combine these principles in order to find value. Sports betting is a billion-dollar business that is only growing. With so many potential betting opportunities, it can be difficult to know where to start. However, one of the first steps is understanding the terminology.
Understanding the Basics
If you’re new to sports betting, one of the first things you’ll want to do is learn the basics. This way, you can have a more in-depth understanding of the betting markets and terms used in sports betting. One of the first things you’ll want to learn is the difference between the actual game, which is the sport itself, and the betting lines, which are usually the teams’ win-loss totals. The lines, as the name would suggest, are merely projections of the game.
Finding Value in Sports Bets
One of the most important steps in finding value in sports bets is understanding the logic behind it all. If you don’t know what you’re looking for, it’ll be nearly impossible to find value in sports bets. In the end, value betting is all about finding mispriced odds and taking advantage of this mispricing. The prerequisite for this, however, is that you need to know the likelihood of an event to happen. This is where Sports AIs predictions become relevant, because our algorithms can determine accurately the probability of certain outcomes of sport events. If you're interested in how our algorithms work feel free to check out this blog post. Additionally, you can visit one of our profit reports in order get an understanding of how much profit you can make with Sports AI and value betting.
Value Bets: A practical example
The easiest way to illustrate the principles behind finding value bets in sports betting is the coin toss example. In a coin toss the probability of both outcomes (heads or tails) is 50% which leads us to fair odds of 2.00 for each outcome (1/0.5 = 2.00). These fair odds of 2.00 would leave anybody betting on this coin toss with 0 expected gain or loss. Hence, with odds greater than 2.00, you will have a positive expected return on this bet. If you for instance bet on heads with odds of 2.05 and repeat this bet many times, it is very likely that you get away with a profit. This idea can be applied to the world of sports betting. Sports AI provides you with the outcome probability for sports like football/soccer, tennis, basketball and many more and all you need to do is to find mispriced odds!
How to profit from Value Betting
If you want to reap the benefits of finding value in sports bets, you’ll need to be persistent. While it may sound simple, finding value in sports bets is extremely rare. This is because most people who place sports bets do not know what they are doing, which causes them to make many bad bets. But with the help of Sports AIs bet tips and predictions, this whole process gets much easier! In order to succeed as a sports bettor, you can’t be satisfied with one value bet. Instead, bet on value bets multiple times every day. Once you have a value bet on your books, keep betting on it. When a value bet starts to pay off, stick with it. Don’t give up on the value bet because you’re afraid it will end. Keep betting and let profits compound on your account.Take a look at one of our profit reports if you're not convinced yet. It's possible to get a ROI of up to 27% per bet!
Finding value in sports bets is one of the most rewarding parts of sports betting. It’s also one of the most challenging aspects of it as well. This is because you need to know what you are looking for and be willing to bet on the wrong team. In order to reap the benefits of finding value in sports bets, you’ll need to be persistent and patient. This is because most people who place sports bets do not know what they are doing, which causes them to make many bad bets. In order to succeed as a sports bettor, you can’t be satisfied with one value bet. Instead, bet on value bets multiple times every day. Once you have a value bet on your books, keep betting on it. When a value bet starts to pay off, stick with it. Don’t give up on the value bet because you’re afraid it will end. Keep betting and let profits compound on your account and let Sports AI calculate the true outcome probabilities.