Question 1

What is a value bet?

Accepted Answer

It is a bet where the offered odd appears to be above the estimated fair odd for that outcome, creating a potential statistical advantage.

Question 2

How is edge calculated?

Accepted Answer

Edge compares the available odd with an estimate of fair probability. If the price pays more than that probability suggests, the opportunity may have value.

Question 3

Do value bets guarantee winnings?

Accepted Answer

No. Value betting is a statistical approach and can include losing streaks. Use bankroll management and only bet amounts you can afford to lose.