Value betting is the idea that the quality of a bet is determined by price vs probability, not by whether it wins.
The concept
If you believe an outcome has a higher probability than the odds imply, the bet may have value.
Example:
- Market odds:
2.20(implied probability45.5%) - Your estimate:
52%
That difference is your edge. But you still need:
- disciplined staking
- a long-term mindset
- careful evaluation of your own estimates