What Is a Value Bet in Sports Betting?

These are selections that provide you with a slight, or even large edge against odds with another online bookmaker, which is why they are named value bets because there is extra value. If a selection is shown to have a lower probability represented in the odds by online bookmakers to what is expected to happen, then there is value that can be exploited.

Value is extremely important in betting, and at the forefront of our ideology here at OddsPortal, where we try to bring you the best odds and compare online bookmakers all the time to help earn you more money when you win.

Over time, with value bets and our odds comparisons, the difference in profit you will make on winning bets could be huge and something that everybody should be interested in!

Value bets originate from the financial sector and value investing, which is a strategy where investors buy stocks that are trading for a lower price than expected based on intrinsic or fundamental value. By making the investment, that person hopes that it will cause the market to eventually recognise the true worth of the company.

The stock of a company might have underlying value based on its assets, earnings, or potential growth and the price is deemed as too low by the investor and of ‘value’ because it has been underappreciated by the market. If it is to eventually grow, that would mean the investor gained an edge.

Similarly with value bets, if your selection was deemed as value based on its probability against the bookmaker’s odds and it wins, you have gained an edge on the betting site and other bettors.