Calculator to calculate Value Bets and their mechanism

Enter Bookmakers and their odds for 1, Х and 2

VALUE BETS

WHAT WE CALL VALUE BET?

The value of a bet is simply a mathematical way of calculating how good a bet. Used probability of occurrence of the outcome of this sport event and the coefficient of bookmakers.

Value = probability * coefficient - the result is the percentage.

If the value is more than 100% call bet Value.

MECHANISM

When it comes to purely mathematical game (eg roulette) probability can be calculate easy. In our case, however, it comes to an event whose probability can not be calculated with certainty. Every bookmaker calculates a probability and on the basis of its calculated his odds.
WE USE THE ARITHMETIC MEAN OF THE PROBABILITY ASSUMPTIONS ALL BOOKMAKERS.
Statistics show that the resulting probabilities are surprisingly accurate.
The conclusion from all this is that betting of value odds are in favor of the bettor. THIS DOES NOT MEAN THAT YOU NECESSARILY HAVE TO WIN - if you bet on the value bets in a large number of bets, the balance is very likely to be in your favor.

CALCULATION OF PROBABILITY

First calculate the ratio of profit to the bookmaker - on exactly what percentage of the total amount of bets paid off as profit for a given event.

D = 100/(1/K1+1/KX+1/K2)

Then calculate the probabilities for 1, Х and 2:

P1 = D/K1

PX = D/KX

P2 = D/K2

D,P1,PX and P2 are percentages.

EXAMPLE:

Bookmaker	K1	KX	K2	D	P1	PX	P2	ST1	STX	ST2
10Bet	5,5	4,3	1,4	88,6	16,11	20,6	63,29	94,19	85,49	88,19
William Hill	5,15	4,25	1,4	87,43	16,98	20,57	62,45	88,19	84,50	88,19
GoldBet	4,1	4,45	1,5	88,08	21,48	19,79	58,72	70,21	88,48	94,49
Pinnacle Sports	4,95	4,45	1,4	87,64	17,71	19,69	62,6	84,77	88,48	88,19
Ladbrokes	5	5	1,36	88,08	17,62	17,62	64,77	85,63	99,41	85,67
Sportbet	5,25	4,25	1,4	87,71	16,71	20,64	62,65	89,91	84,50	88,19
Stan James	4,5	3,9	1,3	80,14	17,81	20,55	61,64	77,06	77,54	81,89
GoldBet	7	4,5	1,3	88,16	12,59	19,59	67,81	119,88	89,47	81,89

averages	5,18	4,39	1,38	86,98	17,13	19,88	62,99

Where К(1;Х;2) are coefficients of bookmakers, D is the profitability of the bet (in the case rate payment by the bookmaker), Р(1Х2) are probabilities, and ST(1Х2) are the values of the respective bets. As seen in the case has an idea to get stakes on 1 in bookmaker UNIBET with an average probability profit 19%.

CONCLUSIONS

    The calculations are a tedious job, but with the help of the calculators do not have to be calculated one by one - only collect information from bookmakers in which you are a customer and fill in.
    The use of Valuebets is associated with a good knowledge of mathematics and if you don't feel good, don't rush.
    The use of Valuebets is more easily than that to Surebets and at a given point in time appear to be the better solution.