Value bet and Value margin
Betting the value bets is the foundation for profitable betting. A player should always bet on the value bets, since in the long run, a player can win only by betting on the value bets.
Let’s assume that you have calculated the following probabilities for ManU-Everton: 50% - 28% - 22%. Value margins for these probabilities are 2,00 – 3,57 – 4,55 (100/probability estimation). If a higher odds than value margin is available for some of the results, you are looking at a value bet. For example, if you can get better odds than 2,00 for ManU victory, it is then a value bet and all odds under 2,00 are underprices.
Value