I've been thinking about this a lot and it would be interesting to hear some opinions here. Everyone that knows anything about sportsbetting knows to bet value. All bets can be great as long as you get the right price( imo anyway).
So when you do have an edge, how and why is there value?
Value is in the eye of the beholder. For example, if the yankees were a RD getting +150 is that value or a sucker bet?? If a top 5 NBA team was getting +3 at home is that value or a sucker bet? Finding a +.500 team getting money or plus points is usually considered value but the phase "it's too good to be true" also comes into effect. I believe it's the situations that surround the games that creates the value ie back to back games, 3 road games in 4 nights or a team returning home following a long west coast trip. Finding value is not as easy as it seems. Oddsmakers are super sharp, they don't give away money. If it were that easy we'd all be rich.
Just try not to pay a lot of juice.
Food for thought.
Value is in the eye of the beholder. For example, if the yankees were a RD getting +150 is that value or a sucker bet?? If a top 5 NBA team was getting +3 at home is that value or a sucker bet? Finding a +.500 team getting money or plus points is usually considered value but the phase "it's too good to be true" also comes into effect. I believe it's the situations that surround the games that creates the value ie back to back games, 3 road games in 4 nights or a team returning home following a long west coast trip. Finding value is not as easy as it seems. Oddsmakers are super sharp, they don't give away money. If it were that easy we'd all be rich.
Just try not to pay a lot of juice.
Food for thought.
You said it tophat. If its too good to be true it probably is. And vegas tries to sucker us time and time again. I can think of a few baseball games this year where the teams or esp. pitching matchups look really good and the price (odds) are too good to be true and sure enough it loses. Maybe not every single time but more times than not. And once vegas gets in your head your in trouble. Because then u don't make bets on certain games and those of course would win and the ones u do bet lose.
Is there Value or Edge? To me it's perception and how a game is capped. Capper A may feel there is an edge to Team 1, while Capper B sees an edge for Team 2. Then both cappers make a report on why they see their edge and no matter which one you read they both make sense. Bottom line I'm not fully sold on creating value, like tophat says keep the juice to a minimum.
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