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What bet could be called a value bet? A bet can be called a value bet if betting alike bets several hundred times we gain some money. I think it's clear that even the smartest, well analyzed bet can lose. No bettor makes it his aim to win all the bets. The main thing is that profit should be greater than loss. Let's look at the following example, that'll make it more clear:
Say the odds on match Federer - Safin are 1.3 - 3, and, having analyzed the situation we came to the conclusion that chances are 60% - 40% - our opinion Let's calculate the value of each bet: Federer to win: 60%*1.3=78%, or -22% Safin to win: 40%*3=120%, or +20% The results of the calculation show, that it's worth while betting on Safin, and the value of such bet is 20% And we are not at all sure, that Safin will win this very match. We just think, that in the long run this will be a profitable strategy with Return Of Investments (ROI) of 20% Any odds can have value be it 1.05 or 1000. But max value for 1.05 is 5% (in case we are 100% sure), while 1000 has 2000 times more value. Generally, any profitable system can be called value betting, as long as it is actually profitable. |