To understand value betting, we need to understand the odds of betting. Betting odds are numbers that indicate how much you might win if you place a winning bet. It thereby suggests the probability that a bookmaker assigns to the likelihood of an accurate prediction. Value betting is a strategy that bettors use in sports betting, where you try to find bets with a higher probability of winning than the odds available on your bookmaker’s site suggest.
How Value Betting Differs from Traditional Betting
Traditional betting usually involves placing bets based on intuition or gut feeling and relying on luck for a good outcome rather than using a calculated strategy, while value betting in PinUp requires the use of mathematical models and statistical analysis to identify bets that have a higher probability of winning than what a bookmaker suggests.
Traditional bets are more focused on short term wins and much attention is placed on individual bets while value bets use long term strategies focused on consistent small profits over many bets thereby building a sustainable structure over time.
The bookmaker has the advantage in traditional bets because they set odds to ensure profit over the long term, but value bets take advantage of this by turning the table to exploit the inefficiencies of the bookmaker’s pricing structure to turn odds in players’ favor over the long term.
How to Find Value Bets
Every bookmaker has a team of expert bettors who are able to set betting odds for each market or event. Most gamblers know that betting on sports is highly unpredictable, and this doesn’t only affect the individuals placing bets but also the bookmaker. The bookmaker might underestimate the probability of an event occurring resulting in them offering bet odds that are higher than what it would have been if they made the right prediction. Your role as a value bettor is to capitalize on this mistake.
To find value bets, you will need a little bit of mathematics, the formula goes thus:
Value = (Expected win per bet × probability of winning) – (Expected loss per bet × probability of losing)
Assuming you bet $10 at the odds of 1.9 and you decide that the chance of Team B scoring more than 12.5 corners is 60%:
- Amount won per bet will be (bet × odds): $10 × 1.9 = 19.
- Probability of winning will be (your estimated probability): 60% or 0.6.
- Amount lost per bet will be (your bet amount): $10.
- Probability of losing: 40% or 0.4.
The value of this bet can be calculated thus: ($19 × 60) – ($10 × 40$) = $7.4
This means that you can win $7.4 for every $10 that you bet in a situation where you placed the same PinUp bet online multiple times.
Value Bet Resources for PinUp Users
Use Bonuses: You can be more risk-free with your value bets by taking advantage of the PinUp bet bonus, which is a 125% first deposit match-up. You can use this with or without a PinUp bonus promo code. Here’s how to go about it:
- Visit the official website and create an account in the “Register” section.
- If you already have an account, you can use the PinUp casino login section.
- After completing the registration process, go to the “Checkout” section and make a deposit.
- After doing this, the bonus will show up in your bonus account, and you can start using it to place value bets.
Tools and expert insights: You should make use of odds calculators and betting tools, which usually help spot value bet opportunities. If you want to gain more knowledge about value bets, you can check online resources like herobet for expert insights.
Manage your bankroll: You can minimize the risk of losing your bankroll by implementing strict bankroll management strategies. One popular bankroll management strategy is to wager only a very small percentage of your total bankroll on a single bet, making sure that you have enough funds left for multiple bets that can cover your losses. You can get more bets if you use the PinUp bet promo code, which will allow you to place a lot more value bets without hurting your bankroll.
Conclusion
Value betting is a helpful strategy that can help you maximize long-term profits by identifying wrongly priced odds. To get better at it, you can use odds calculators, practice bankroll management, and use bookmaker bonuses to get the most out of your bets.