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VALUE-BETS
Every sport event has got the probability of happening,
and, according to such probability, bookmakers make
up and offer their quotations. Different bookmakers
do not have similar quotations, because they give different
percentage of success of each event, and because of
different game bulk which may vary the quotation.
Overworking value-bets means to bet on different
event whose quotation is higher than it should be according
to probabilities.
"Value-bets" have got a specific characteristic:
they do not take into consideration the selection of
the more probable success of an event, but they produce
profit during a specific period of time.
You should not consider bet as a single event, but
as a group of bets.
A single bet could be losing while a series of bets
(on very competitive probabilities) will produce a profit.
There is a simple mathematical formula which will help
you to find out if an event is a possible value-bet
or not:
Value = (Probability * quotation) /100
If the value go over 1.00, we are talking about a value-bet.
Example: Milan vs Lazio
Milan has got a probability of victory of 60%, according
to the bookmakers valuation.
Let's think the quotation is 1. 70.
The values as a consequence
is: 0.60 * 1. 70 = 1.02.
Such bet has got a value of 2%, and this means that
we are supposed to obtain a profit of € 2 for each €
.00 we bet (obviously in a long time).
In the section "constantly
revisioned" you may find value-bets you can take
into consideration.
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