Value bet calculator
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Analytics Analytics Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Advertisement Advertisement Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Very few sports bettors make significant money long term, but smart bets can, at the very least, keep bettors afloat to play recreationally.
To do so, a bettor must think critically. Indeed, that same shopper buys a discounted item he may not have otherwise purchased. Sports betting works the same way. A typical bettor thinks the Lions will win, so he wagers on Detroit.
Though he too believes the Lions will win, he thinks this is far less likely than the book does. Bettors should remember to add the line plus the first. This is because of the vig, which is applied to virtually every wager. That seemingly small fee adds up over the long run, making it difficult for sports bettors to break even, much less profit. Instead, sportsbooks list Super Bowl coin toss bets at for both heads and tails. Since Super Bowl coin toss bettors roughly split between heads and tails, the sportsbook is essentially guaranteed to make money regardless of the outcome.
More traditional sports wagers work pretty much the same way. If, for example, a book gets a roughly even number of bettors that wager the favorite will cover and the favorite will not cover, it is guaranteed to make money. Of course, not every sports bet is a coin toss. How do I Calculate my Expected Value? Unfortunately, bettors have no sure-fire way of knowing precisely which bets have positive expected value. As mentioned earlier, books set their lines based on decades of experience and substantial financial and human capital resources.
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