Quality Online Football Casino 745675244936381889

Value hunting is universal. It is applicable to both life and business. And it should apply to football betting as well. Many punters fail to appreciate the significance of value betting. This really is the most critical But also the most misunderstood concept in football betting. Value is the real key to making profit in the long haul.

Bear in mind, value is found whenever you can get an object for less than what it’s actually worth. The next illustration will clearly explain this.

You are an antique enthusiast and you are browsing around an antiques shop. You notice a good old vase on offer for $100. You know you could resell the vase for at least $120. What this means is there is VALUE in buying the vase. The key here is your knowledge that the vase is actually worth $120.

Conversely, if you buy the vase with the intention to sell it but WITHOUT KNOWLEDGE the amount you can sell the vase for, then this is not a wise purchase which is not just a value buy.

The same principle applies to football betting. In sports, the true value of the outcome of a match is expressed through the probability of that outcome happening. In the event you can get a price which is HIGHER than the one indicated by the probability, then you have found value.

Therefore, the prices (or trusted online soccer gambling agency odds) offered by the bookmakers are related to the probability of that outcome happening. In essence, how do we determine whether the odds are of value?

Fair prices (or odds) are set should the result is expected to be a 50/50 situation.

Let’s take the example of the flipping of a coin. As you’ll find two sides of the coin, the chances of heads and tails are 50% each. The formula to calculate the odds in such a 50/50 situation is 100 / 50 = 2. As such, odds of 2 are called FAIR ODDS.

As such, if we are betting on coin-throws, in the event the price offered will be lower than 2, then it has no value because we shall definitely lose. On the contrary, in the event the price is higher than 2, say 2.10, it means the probability for the win is 5% higher (2.10/2.00). This really is value.