Value Bets are bets which may create more value to punters from the perspective of improperly odds pricing from a bookmaker’s side. This means that a bookmaker may price an outcome at 50% chances of winning, but the punter may give that outcome 70% chances. This difference can create value to the punter as he will be able to bet at much higher odds on that outcome than he would believe to be fair (for the 70% chances). This is what value betting is, and below calculator lets you easily calculate the extra value a bet can offer based on the bettor’s estimation for an outcome and the bookmaker’s listed odds.
To use the Value Bet Calculator start by selecting the odds format you want to use, weather or not to include commission deductions (should the odds come from a betting exchange), what is the outcome estimation in percentage and the bookmaker betting odds. Having all these values in place will quickly return a result for the value bet: if the value is positive, than this is bet which gives extra juice / value to the punter.