Value Bet Calculator

Value Bet Guide

A value bet is a bet with a greater potential return compared to the probability of occurring. This bet used over the long run is aimed at improving long-term success. Our Value Bet calculator can be used freely by all punters to calculate the potential of a value bet.

There are several options to fill in before getting a calculated result:

• betting odds are already selected as Fractions, but other formats can also bet used
• commission can be selected in case the bet is placed with a betting exchange which will charge a fee on the winning bet
• estimated probability is what the punter estimated as the procentual probability of the event to occur (the result of the bet)
• betting odds are the just field where the bookmaker odds can be inserted

Once all fields have been completed, the calculator will return if the bet creates value or not. If the returned valued is positive, the bet can be considered “value bet”.

In order to identify value bets there are several values which the punter should have: betting odds are the easy part by getting them from the preferred bookmaker; however the probability of an outcome may prove a bit more tricky to calculate and it could involve good knowledge of the sport. For this we recommend visiting sports statistics websites for a list of statistics by sports, with past results, head to head data and much more. Further more, for football, punters can check stats247.com for a list of betting markets analysed from a statistical point of view with percentage results for 1X2 market, Over/Under 2.5 goals, Draw No Bet, Double Chance, Half Time results and many more.