Value betting is a term that can be loosely used to refer to many things, but the most generally accepted definition is the ability of gambler to place bets that guarantee good value (winnings) over an extended period. Sustained value in betting calls for several factors and principles to come in play, but the most common denominator in all value bets is for the players to bet less and win more, or shop for those bets that offer the lowest risk with the highest values. Here are a couple of principles that can help in guiding your value bets.
Money Management
The most basic principle in value betting is that you should NEVER bet more than you can afford to lose. This is based on the fact that online sportsbetting sites always have a mathematical edge over bettors and the edge that comes with vigs added on bets keeps them in profitable business whether you win or lose. With that, money management is of ultimate importance and you have to be a very good bettor to consistently make profits from your wagers. By having a proper money management plan, you will also be able to know how much to invest, risk, re-invest or expend over time, thus avoiding the amateur mistake of just placing wagers without knowing how much you are making or losing in the betting lines.
Value in Planning and Researching
By planning, we mean you should research on what you want to bet on (including issues like form, home vs. away splits and derbies), and then have a solid plan of how to place your wagers. And once you have a plan, stick to it and avoid being swayed by emotions or other related distractions that can easily ruin your chances of profitability.
Shopping for Best Odds
Most recreational bettors, commonly known as punters, often rely on gut feeling and years of following a sport to make predictions, which often leads to modicum success. The problem, however, is that most punters take huge risks for small rewards, rarely paying attention to the odds they are betting on. And as a result, their wins can easily be wiped out by a couple of losses. This is where value betting comes in as solution of taking your wagers to the next level. Rather than just rely on knowledge and gut feelings, value betting calls for an assessment of all the variables in a given matchup, giving weight to how these variables determine your own odds against the sportsbook odds. When the mathematical edge favors the sportsbook odds in big way, your best option is to keep off and wait for instances that the odds will be in your favor, preferably in a way that offers an opportunity for good-value wins. Value betting, mind you, is an investment, and not just a gamble, so odds that don’t meet this criterion should be avoided.
Discovering False Odds
Given that the sportsbetting odds are mostly determined by the market and public perception, certain odds tend to offer a false representation of the reality on the ground, either due to mistakes by the Oddsmakers or for the sole purpose of baiting bettors into placing wrong wagers.
For example, in the NFL, the Dallas Cowboys may be playing a game without starting QB Tony Romo, and going against an improved and in-form Oakland Raiders team in Oakland. But since the Cowboys have previously owned the Raiders in the past and many Dallas supporters will still be hoping for their team to win, the Oddsmakers decide to favor the Cowboys wrongly instead of installing them as small road underdogs. If you notice such a line that offers such a “False Favorite”, it means there’s a huge opportunity to go with the Raiders as a solid underdog bet, which means more value for you when Oakland wins the game. The ability to study lines and odds, and then exploit such false odds can be greatly rewarding; something that has seen many value bettors make good money by placing just a few selected bets.
Expecting and Preparing for Losses
Losses are part and parcel of gambling, and value betting is no exception. You must therefore be prepared for occasional losses even as a value bettor, while keeping in mind that your overall efforts will cumulatively lead to bigger wins and lesser losses, leaving you smiling with good profit margins.
Injuries/Suspensions/Missing Players
When there is no clear indication about a key player missing a game due to injury, suspension or any other reasons; keep away from the betting lines. In MLB, a starting pitcher can be the difference between a win and a loss, just in the same way a star player in the NBA or quarterback in the NFL can influence odds. So, instead of blindly jumping into the lines, wait until the very last possible minute when you have all the info about the available and missing players before placing your bet. If no information is availed on time, don’t bet.
Don’t miss out the Sports Betting General Guide that MyBookie has for you:
Betting Guide 1
- Spread Betting Tips
- Understanding When to Bet Spread Betting vs. Money Lines
- Sports Betting Guide: Spread vs Money Line
- Playing Difference of Point Spread vs. Moneyline Sportsbetting
- Wagering on Moneyline or Straight Up Bets
- Five Questions You Should Ask Yourself When Betting On Sports
- Determining Betting Impact Of Injured Players: Betting Guide
- Betting Non-Marquee Sports NASCAR, Golf, Tennis, WNBA
- What Is Implied Probability In Online Betting?
- All About Sweetheart Teasers The Good, Bad and Ugly
- Introduction To Bankroll-Boosting Pleaser Bets
- Keys To Disciplined And Profitable Betting
- Picking Sexiest Cheerleading Squads in American Sports
- Analysis of Understanding Of Player Props
- Insane Betting Myths That Are Actually True – September 5th Edition
- Insane Betting Myths that are Actually True – September 2 Edition
- Betting On Draws Strategy Explanation
- Betting on Draws
- The Keys To Developing A Winning Mindset
- Key Numbers In Sports Betting
Betting Guide 2
- Non-Marquee Sports With Profits From College and Pro Sports
- Each Way Double Explanation For Doubles and Each-Way Doubles
- Dealing With Sports Betting Losing Streaks
- Round Robin Bets Explained
- Using Trends to Predict Outcomes in Sports Betting
- Reverse Bets Explained
- The Importance of What You Know in Sports Betting
- Understanding the Impact of Downtime in Sports Betting
- Reduced Juice Betting Explained
- How to Optimize Your Selection Process in Sports Betting
- Using Stats, Trends and Other Statistical Betting Tools
- Sportsbetting Guide: Hedge Betting Explained
- Principles of Value Betting
- Sides vs. Totals Debate: Which Should You Be Betting?
- Is Paying for Picks Worth it?
- How to Get Max Value When Betting
- Types of Sports Bettors
- What is Proportional Betting?
- Methods to Improve your Betting Income
- Identifying Profitable Prop Bets
Betting Guide 3
- Most Common Risk Factors in Sports Betting
- Risk Factors that Every Sports Betting Fan Should Keep in Mind
- Using Stats in Sports Betting
- Understanding and Wagering on Prop Bets
- What’s the Difference Between an Oddsmaker and a Bookie?
- What is Point Shaving?
- Identifying When to Stay Away from Betting Favorites
- Most Common Sportsbetting Handicapping Myths
- What Makes a Successful Sports Odds Bettor?
- Are Winning Streaks in Sports Betting Real?
- Most Popular Leagues to Bet On
- Early vs Late: What’s The Best Betting Strategy?
- Sides vs Totals: Where Should You Place Your Bets?
- Win, Lose, or Draw: The Art of Sports Betting
- Gambler’s Fallacy Explained
- Exposing The Gambler’s Fallacy
Betting Guide 4
- The 20 Golden Rules of Betting Against the Spread
- Using Free Bets To Your Advantage
- Choosing An Online Sportsbook: Top 5 Things To Consider
- The Importance of Discipline and Emotional Control in Sports
- Winning Percentage vs Units Won
- Wat is Statistical Handicapping?
- Should You Bet On Your Own Team?
- Sports Betting: Tight vs Loose Wagering Styles
- Perfect Sports Betting Situations To Use Teasers
- Gambling Whose Time Has Come Written
- Advantages of In Play Betting
- Bankroll Money Management
- Online Betting Types You Should Use More Frequently
- Parlay Explained: How to Boost Your Sportsbetting Bankroll
- Sports Betting Questions to Ask at the End of a Streak
- How to Handle the Next Game After a Betting Loss