Value Bet Meaning – A Betting Opportunity With Very Favorable Odds
A value bet is a sports bet whose true odds are priced for less than they’re worth, meaning that it’s likely to be profitable.
Sports bettors who engage in value betting are able to find and identify value bets based on their probability and odds. Finding value bets is very challenging, as oddsmakers most often set very accurate margins.
Here’s an example to better understand value bets. A bet on 2.0 odds theoretically has a 50% probability. That said, if you find the same 50% winning probability bet with 2.15 odds, you’re getting better than implied odds, making such a wager a value bet.