How Do I Know If a Bet is a Value Bet?

What is a Value Bet?

A value bet is when the probability of an event happening is higher than the odds suggest. Finding value bets is key to long-term betting success.

How to Identify Value Bets

1. Calculate Implied Probability - Convert odds to a percentage.
2. Compare with Your Own Estimates - Use statistics to determine actual probabilities.
3. Look for Overpriced Odds - If a bookmaker undervalues an event, it’s a value bet.

Using tools like odds comparison sites and betting models can help you consistently find value bets and maximize profits.