Value Betting is a profitable betting strategy that involves calculating a ‘true probability’ of a given event. Compared to arbitrage betting, Value Betting is less risky and requires less capital. However, it requires a lot of critical thinking and patience. It also requires nerves of steel and a disciplined attitude to succeed.

## Value betting is a profitable betting strategy

Value betting is a betting strategy that focuses on placing bets on sports events where the odds are significantly below the true probability of the outcome. This approach can lead to high profits over the long term because the return on investment remains stable. One example of a value bet is a coin toss. In this case, the odds are 2.00 for either side.

## It involves calculating the ‘true probability’ of an event

The idea behind value betting is that you can place a wager on a game or event if the ‘true probability’ is higher than the odds on it. This type of betting is also known as arbitrage betting. In a truly efficient market, bookmakers would be able to determine the ‘true probability’ of a certain outcome. However, in many cases, bookmakers just don’t get it right. So, in order to win at value betting, you have to find markets with a small overround.

## It involves calculating the ‘expected value’ of a bet

Value betting is the process of calculating how much you can expect to win in a given bet. Typically, this is determined by calculating the odds of a bet, such as a coin toss. The higher the EV, the more likely you are to win. For example, if the odds of the head winning are 2.00, you would expect to win $11 every time.

## It requires less money to start than arbitrage betting

When compared to arbitrage betting, value betting requires less capital to begin. This is because you won’t need to spread your money across multiple bookmakers. This means that you can get started with less money and start generating profits much faster. Also, unlike arbitrage betting, you won’t need to use multiple betting accounts.