What is value betting?
Before I get started I need to stress, that although value betting is a little more calculated than normal betting, it is still gambling, you do need to be at the required age and you should also never risk more than you can afford. Value betting looks to increase your profit but it still isn’t 100%. In addition, I’m very new to value betting, and I’d recommend that you do additional research before starting your journey!
The basic idea of value betting is very simple, you look to try find odds that give you value, or give you an edge over the bookmaker. The best way to do this is to use an OddsMatcher, such as the one on OddsMonkey – start your free trial for OddsMonkey here!
As you can see above, the back odds are significantly higher than the lay odds, this shows us that the back odds are very good value, any odds over 100% on the rating on the oddsmatcher are considered to be a value bet opportunity. However, it is normally recommended you do a little additional research before placing the value bet. For example, the football match is over 100% but the odds are still incredibly high, and not likely, as such should be avoided. Whereas the first selection of bets all have value and still have reasonable odds so would be worth placing.
You do have to act quickly when it comes to value betting however, as the bookmakers will adjust their odds to ensure there isn’t any opportunities available for the customer to take value from them.
Value Betting for a Month
To see if value betting was able to return a profit I decided to do value betting for a month, however, to add a little to it I also decided to do NO RESEARCH on any of the potential value bets, which isn’t recommended, but I thought this would give an interesting perspective around value betting, and allow us to see that hopefully, even without research in the long term you can make some profit.
As you can see from the graph above, the orange running profit / loss shows that at quite a few different points we were sat at over £100 profit! This was with me using £10 bets on all the value betting opportunities.
The reason I really like my graph from January however is that it shows you can very easily go on a long losing streak, as you’ll notice I went from nearly £150 worth of profit, down to -£13.50. Luckily though our value bets started to pick back up again and we started to climb back up to a high profit!
Although my trendline shows that over time we would lose money, I think if I’d have done research behind the bets, before placing, we would have had a much better return.
Conclusion
My own opinion of value betting is one of doubt, even after a month of doing it with no research and turning a profit, I still could see some huge flaws. It is still just betting at the end of the day. I’m going to continue with value betting for a few months, this time placing more time into research, avoiding high odds and hoping for a better consistent return.
If you’re wanting to get into value betting I’d recommend looking at additional posts, finding more videos exploring it, finding some potential strategies to use before you get started. I’d also recommend hitting the subscribe button over on my youtube, because there’s definitely going to be more exploring done around value betting on my channel!
