1. What is Value Betting?
Value betting involves placing bets when the odds offered by bookmakers are lower than the actual probability of an event occurring. By consistently identifying value bets, you can build long-term profitability in sports betting. Bet Better’s statistical tools help you find these opportunities by comparing bookmaker odds with our calculated probabilities, giving you the advantage in sports like NFL, NBA, Soccer, and AFL.
2. How to Calculate Value in Betting
The formula for calculating value in a bet is simple:
Value = (Probability * Odds) - 1
If the result is greater than zero, you’ve found a value bet. Bet Better’s odds calculators streamline this process, allowing you to quickly determine whether a bet offers value, making the process both efficient and data-driven.
3. Finding Value Bets with Bet Better
Bet Better’s advanced analytics tools provide real-time insights into player and team performance, helping you identify discrepancies between bookmaker odds and actual probabilities. Our tools highlight value bets across multiple sports, making it easy to spot profitable opportunities that may be overlooked by bookmakers.
With detailed trends, live data, and statistical analysis, Bet Better equips you to make smarter, value-driven betting decisions.
4. The Importance of Consistency
Successful value betting relies on consistency. Rather than chasing large, risky wins, value bettors aim for small, steady gains over time. Bet Better’s best bets feature identifies high-value opportunities, allowing you to follow a disciplined approach that leads to long-term success.