October 15, 2010

Value Betting and Understanding the Overround

Betting on soccer can be more advantageous to the punter than casino games. The outcome of blackjack, poker, roulette and other casino games are dictated by the rules of probability - similar to the roll of the dice. Sporting events are much more difficult to quantify. Every soccer match is a unique event with a multitude of external factors which will determine the outcome of the event. The term “Value Betting” is used when a punter believes that a team has a higher chance of winning than the bookie has calculated it to be.

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