Challenging the Odds: Mastering the Art of Value Betting in Sports
We’ll start with a simple example—a coin toss—to illustrate a crucial point for sports betting success at betting platforms like 22Bet. It’s well known that there’s a 50% chance of landing heads and a 50% chance of tails. But in sports betting, it’s not so straightforward. We enlisted two mathematicians to make probability predictions for a match. We gave them all the needed data.
Now, we have a game for you. Please provide me with more context. Which video are you referring to? Please take 30 seconds to watch and then another 30 seconds to think. If you get the point, you won’t regret it—we promise. Let’s return to the topic of the likelihood of a particular match. How can you say the chances were as follows when Chelsea played Arsenal?
- Chelsea win – odds 2.2 (45.5%)
- Draw – odds 3.70 (27%)
- Arsenal win – odds 3.2 (31.2%)
Please take a minute and meditate on this. Why not 40% for Chelsea’s win, 35% for a draw, and 20% for Arsenal’s win? Why not only 35% for Chelsea’s win? The slight shift in probability will impact whether you are losing or winning.
The odds above come from a bookie. They come from a complex football prediction model. It has been verified many times. But I can guarantee you one thing: The bookmaker’s probability may not be correct!
Please remember the highlighted sentence. It is our betting bible or core starting point. Let’s present the information from a different perspective.
Bookmaker Odds: Spotting the Value Bet Opportunity
Knowing this, it is evident that there is a chance for us. What if we can do it better? Even the most challenging and most sophisticated statistical model is an opinion. The actual probability can never be calculated. This is not a coin toss.
The limited way to calculate the 100% accurate probability is one of many problems of the bookies. Look at how bookies make money. They spread the deposits to make the most of them. Our investigation shows that Rowdie is in the top 3. This is out of all football prediction sites.
Example: Let’s say the bookmakers calculated the Chance of Chelsea winning was 50% (0.5), which comes to odds of 2.00. If most bet on Chelsea, that would push down the odds of a Chelsea win. It would also raise the odds of a draw and an Arsenal win. This would be the chance to spot the value bets in football.
Playing the Odds: The Power of Probability
- Calculating a match result is rarely possible. You can do better if you have a more profound knowledge of the team and league than the bookie.
- The odds fluctuate based on punters’ behavior.
Sharper Bets: Refining Sports Odds Calculation
Many bookies are outsourcing the odds from companies like Betradar. In my experience, most bookmakers’ employees need deep knowledge of sports betting math. Knowing more than the one who creates the odds is very important. You can look at the stats and make a betting model to set the football odds. Using this method would be an excellent way to accomplish the task. With experience, you can confront the model results with your critical opinion. The betting model is reviewed after each game, and you should do the same.
Use our betting model if you know the team and league deeply. It will convert your expertise into odds. Then, you can make some decent football predictions tonight. We are guiding you step by step.
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