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Betting Articles

The advantages of betting with Intertops
Lazy Sports Betting Tactics
How to beat the bookies in the over-under markets
How to convert between decimal and American odds
How to get an edge in betting
How to test the credibility of a tipster`s record
Kelly criterion method
How to use Kelly Criterion for betting
How Weather Affects Sports Betting
Increase Your Chances of Winning Long Term Betting on Sports
Intermediate and Advanced Sports Betting
Common sportsbetting myths
Advices on Betting Fundamentals
Betting do's and don'ts
Choosing a staking method based on your betting profile
Betting staking plans
Value betting explained
Sports-betting- a game of numbers
Market movement in betting
Types of odds explained
European types of bets explained
American types of bets explained
Martingale Considerations in Sports Betting
In-play betting
Accumulator betting
Mobile betting
A Crash Course in Horse Racing
A Crash Course In Sports Betting
American odds versus decimal odds
Bankroll management
Money management in sportsbetting- odds, edge and variance
Basic bet types explained
Paying for Picks
Betting on winning streaks
Betting psychology- a crash course about aspiring professional bettors
Popular Sports Betting Beliefs
Do you make these 9 sportsbetting mistakes?
Does intuition have a place in sportsbetting?
Exchange betting
Randomness in sportsbetting
Fractional versus decimal odds
Home team advantage analised
How bad at sportsbetting are you?
Reasons to Keep Betting Records
How bookmakers make money
How bookmakers work
How do betting exchanges work
Should You Bet on Multiple Sports or Specialize?
How do free bets work
How does luck influence short term betting
How good are betting tipsters
Sports Betting for Beginners
How loss aversion impacts performance
How many sports to bet on
How Much Should You Bet On a Sporting Event?
Staking-one method to improve your betting
How much you should risk per bet?
How Sports Betting Has Changed Over the Last 20 Years
How To Avoid A Big Sports Betting Loss
The art of multiple betting
The history of lotteries
The value of information in soccer betting
Three careers ideally suited to betting
Tips for Better Sports Betting Results
Types of Online Sports Betting Bonuses
Understanding and managing your risk of ruin
Understanding Horse Racing Bet Types
Understanding Live Betting
Value betting is an essential skill for bettors
Ways to Increase the Percentage of Sports Bets You Win
What are drawdowns and how to manage them
What are the most common mistakes the bettors make
What are the real chances of winning the lottery?
What distinguishes winning from losing betors
What is a handicap soccer betting?
What is the Fibonacci betting system?
What is the Labouchere betting system
What is the Martingale staking system
Why do we gamble? Irrationality and overconfidence
Why patience is an essential trait for any serious bettor
Poisson Distribution: Predict the score in soccer betting
Fixed Staking vs. Variable Staking
Basketball betting: Bet types explained
7 Sure-Fire Baseball Betting Strategies
How Does In-Play Betting Work?
To Parlay, or Not to Parlay?
Wisdom of the Crowds applied to betting
CASINO ARTICLES
A Novice’s Tutorial on Casino Gambling Games
How to Gamble with Dice – Popular Dice Games and Their Variations
How Online Casinos Helped Me Love Roulette Even More
My Top Three Tips for Getting Comps in Casinos
5 blackjack stereotypes
5 Gambling Tricks You Can Only Use Online
5 LITTLE-KNOWN FACTS THAT AFFECT YOUR AVERAGE HOURLY LOSS IN A CASINO
5 REASONS CASINO GAMES ARE SO ENTERTAINING
5 Things All Casino Gambling Fans Are Sick of Hearing
5 Tips to Managing Your Casino Bankroll Effectively
The Five Most Important Tips I Ever Learned on Bankroll Management
5 Rookie Mistakes in Blackjack and How to Avoid Them
7 roulette variations probably you have never heard of
7 THINGS YOU NEVER KNEW ABOUT CASINOS
7 Ways Casino Players Sabotage Their Chances of Success
How to Tell If You’re About to Make a Mistake with Your Next Casino Bet
The 12 Types of People I Meet in Casinos – Analyzing My Fellow Gamblers
10 SURE-FIRE CASINO GAMBLING STRATEGIES THAT WORK
What I Love Most About My Three Favorite Video Poker Games
The Last Guide to Video Poker Tournament Strategies You’ll Ever Need
Baccarat and the Martingale System – Can It Work?
Is There a Gambling System That Never Loses?
Combining the Martingale System with Odds Bets in Craps
Which Bets on Which Casino Games Offer the Best Odds of Doubling Your Money?
What’s Next for Online Gambling?
Using Self-Discipline in the Casino
20 ONLINE GAMBLING TIPS
Going All-In – When to Bet It All in Poker
10 Things I Wish I’d Known About Roulette Before I Started
Who’s the Best Video Poker Player in the World
Are No-Deposit Bonuses at Online Casinos a Waste of Your Time or Worth Going For?
Are Online Casino Bonuses Worth Taking?
BEATING BACCARAT – WINNING SYSTEMS & STRATEGIES
CHOOSING THE RIGHT SLOT MACHINE
EUROPEAN VS. AMERICAN ROULETTE
EVEN MONEY CASINO BETS
Feel Confident When Gambling Online – 8 Tips to Help You Choose a Secure Site
Finding the Best Slots Online
Gambling and Poker Playing: 10 Things to Know
GAMBLING GAMES THAT ARE REALLY WORTH TRYING
HOW TO AVOID GOING BROKE AT THE ROULETTE WHEEL
HOW TO GET YOUR FIRST ONLINE CASINO SIGNUP BONUS
How to make a million playing video poker
How to Spend Your Gambling Winnings
HOW TO SURVIVE A BLIZZARD AT THE CRAPS TABLE
HOW TO WIN AT ROULETTE
How to Win Consistently at Casino Gambling
How to Win Consistently at Craps
How to Win Consistently at Roulette
HOW VOLATILITY WORKS IN CASINO GAMBLING
Is It Possible to Play Roulette as a Career (Or Even as a Part Time Gig)?
Is One Blackjack Game Better Than Another?
MONEY MANAGEMENT STRATEGY FOR YOUR NEXT CASINO TRIP
ONLINE CASINO DISPUTES
SKILL BASED CASINO GAMES: PROS AND CONS
The 5 secret joys of casino gambling
The Benefits of an Online Gambling Environment
The Best Long-Term Strategies for Playing Progressive Jackpot Slots
THE BIGGEST JACKPOTS IN ONLINE GAMBLING
THE EASIEST WAY TO LEARN BLACKJACK STRATEGY
THE HOUSE EDGE
The only roulette strategy you will ever need
The Surprising Secret to Winning at Casino Gambling
Who Takes Care of Your Safety at Online Casinos?
Why Don’t Craps Players Just Use the Right Strategy?
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WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
WHY IS THE DON’T PASS BET BETTER THAN THE PASS BET IN CRAPS?
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Value betting explained

Here we are going to presume you already have general understanding about betting, and it’s main elements- odds complying, types of odds, types of bets, etc.

 

At the beginning we are going to take as an example the old classic scenario with flipping a coin. It should be obvious  till now the chances of the coin, landing “heads” or “tails” are absolutely even, etc. 50%-  50%. In a game, where there is no middle man to organize the game, pay profits, and collects a commission, the odds you should obtain for  say betting on “tails” each time are exactly 2.0, so for betting any 1 pound, if successful you should take back your complete stake of a  pound, plus exactly the same amount of profits- another 1  pound, thus collecting a total of 2 pounds.

Now imagine that someone offers you odds of 2.15 every time you bet/again on “tails” . Do you think that this will be profitable in the long term? Of course, you bet it will be. If we have a big enough representative sample of enough flips/for the sake of this example say 10,000/ you should find out that the number of your wins is  basically even with the number of your losses. Thus winning 5,000 flips and losing again 5,000, you, at the end of this game will break even, should the odds given are 2.0. But what happens in another  situation, when you can obtain odds of 2.15 for example. After 5,000 losses and 5,000 wins your overall profit will stand at 750 pounds/ 5,750 pounds won minus 5,000 pounds lost/, exactly because each of your wins brings you more profit than each of your losses, although the likelihood of either outcome is absolutely the same. Now  “It’s not fair this way”  I can hear you saying, and it might not be, but it happens on frequent occasions in Sports-betting. And not because the bookmakers are stupid. Sometimes they just have different opinions from each other  about the likelihood of the same event happening, and there is nothing wrong with this. Also they might be compelled  to set a kind of an “unfair” price for a certain outcome, cause the weight of money on the other sides of the book “forces” them to adjust a certain price, in order to balance their book.

Now such situation, when you are given a higher price for a certain outcome than it’s real likelihood of happening you can call “value”  So this bet has a value in it and it’s worth taking, because betting in such a manner will make a winner out of you in the long term. So this is exactly what we call “value betting”.

As a smart bettor or investor you should always be on a look-out for some value betting. Of course before this, you should have obtained the ability to estimate or to judge the approximate likelihood of the betting event happening, and when you see a price that is higher than the  fair one, you should consider making a bet on this event. Of course this look-out for some value betting/investing/ is connected with a lot of shopping around of such prices, in many different bookmakers, but when you find it it’s going to worth the labor. By the way this is just another reason to have accounts with as many on-line bookmakers as possible, so you are going to be ready to take advance of such odds immediately, cause such prices usually don’t stay the same for very long time.

In other words if for the outcome of a sporting event you are in advance very sure that you won’t be able to find odds, greater than say 5.0, everything which is 5.5 and above should be considered as a value bet and should be taken, if possible.

We hope we have been useful for you with this article on your way of obtaining better odds than they really should be. Just do not underestimate this knowledge and ability if it happens to get to such a high level in Sports- betting, cause “value betting” could be an absolute paramount to your success, and in the long term WILL make a VERY HUGE difference in your profitability in Sports betting and investing.