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Value hunting is universal. It’s 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 significant But also the most misunderstood concept in football betting. Value is the real key to making profit within the long haul.

Of course, value is found whenever you can obtain an object for less than what it really is actually worth. The following illustration will clearly explain this.

You are an antique enthusiast and you are browsing around an antiques shop. You notice a nice old vase on offer for $100. You know you may resell the vase for at least $120. It indicates there is VALUE in buying the vase. The key here is your understanding that the vase is in fact worth $120.

On the flip side, if you buy the vase with the intention to sell it but WITHOUT KNOWLEDGE just how much you can sell the vase for, then this isn’t a wise purchase and it is not just a value buy.

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

For this reason, the costs (or odds) provided by the bookmakers are linked to the probability of that outcome happening. Quite simply, good online casino soccer how do we assess whether the odds are of value?

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

Let’s take the example of the flipping of a coin. As you will discover 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. For this reason, odds of 2 are called FAIR ODDS.

As a result, if we are betting on coin-throws, when the price offered is lower than 2, then it has no value because we’re going to definitely lose. However, 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 is value.