What’s the worth of a fixed odds bet? To grasp this concept it is good to have an understanding of probabilities and odds. You don’t need to be a maths professor but it would help to learn a little about probabilities. Odds are only a numerical representation the probability of an event.

The “normal” way of fixed odds betting is first finding an event you believe in, then check if the odds present value. Valuebetting requires another way of thinking. In fact, valuebetting is the opposite of conventional betting. It’s not about picking objects, but picking odds.

It is not nescessarily to believe in the team you put your money on. As long as the odds presented are better than the strictly mathematical chance your team has of winning the game, it’s a valuebet.

Sporting events that represent value don’t follow any paticular pattern. No need to pay attention to criteria like league table, form, history, injuries, etc to find value sports bets. In fact it is better to keep things as simple as possible.

Let’s look at an example.

The chances....fixed odds betting