What is a Value Bet? Value Tips for Ghanaian Players

21 September 2022
18+ | Please play responsibly | Terms and Conditions apply | Commercial Content
Alex Waite

By Alex Waite

Published on September 21, 2022 Last updated on February 3, 2023 

When placing a wager, bettors can use a value bet strategy. In this article, we explain what this type of bet is and we provide real life examples of how to use value betting. 

What is a Value Bet?

A value bet is when bettors calculate the real probability of an event happening and they compare this with the bookmaker’s odds. 

Furthermore, to work out whether odds have good value, players can use a bet calculator. Alternatively, bettors can use a simple calculation to work out the real possibility of match odds. 

To work out the real value of any odds, bettors can divide the odds by 100 to work out their probability percentage. 

Value Bet of the Day

Last modified: 2023-02-03 07:41:37 UTC+ 0
Assan
Yield: 4.1%
Al-Sadd vs Al-Duhail SC
Qatar Stars League
12/03 17:30
Al-Duhail SC to win
Here we have Al-Sadd vs Al-Duhail SC. A football match from Stars League from Qatar. Al-Duhail SC played 5 matches and did 13 points, they won 4, draw 1, lost 0, last match they won against Umm Salal 3-1. Al-Sadd...

Value Bet Examples

Here, we provide some real-life examples of how this sports betting strategy works.

Football 

Firstly, in football, if Manchester United are about to play Liverpool, bettors can find the odds provided on a bookmaker’s website or a betting exchange. Then, they can use the calculation above to work out the probability of either team winning.

For example, Manchester United might have odds of 2.4 to win. Then, to work out the value, players can divide 100 by 2.4, which equals 41.6.

This is the probability that United will win the match. 

Next, to utilise a bet for value, players can compare odds to find anything higher than 2.4. This is considered good value because it offers better value compared to the probability of Man United winning the match. 

value bet football

Basketball

In addition, bettors can calculate the real value of basketball. For example, if the Brooklyn Nets are about to play the Boston Celtics, the Nets might have 2.5 odds to win.

Then, players use the calculation to work out the Nets’ probability of winning. This is 40% because 100 divided by 2.5 is 40, 

Then, players compare odds to find a better value than 40% of the Nets winning. For instance, any odds higher than 2.5 will provide more value than the 40% probability of a Nets’ win. 

Types of Value Bet

Generally, players wager on matchwinner bets when using the value strategy. However, there are other ways to use betting for value, which we outline below. 

Backing the Favourite

Usually, bettors pick the pre-match favourite in sports betting if the bookmaker has given them good value odds. Sometimes, bookmakers may offer good value for the favourite to win compared to other providers. 

Bettors can utilise the calculation to work out how worthwhile the odds are. However, if there is little value in the favourite, players can look at alternative markets like under/over or Asian handicaps.

Underdog Bets

Alternatively, players can back the underdog to win a match outright. Often, the underdog has good odds, but a lower likelihood of winning the match. 

However, to find greater value and to increase the underdog’s probability of winning, bettors can use the Asian or European handicap markets. Here, players choose to give the underdog a head start in the match, which the favourite then has to cover. 

For example, if Novak Djokovic plays an unseeded player in tennis, the bettor can select Djokovic to start with a -1 set handicap. Then, the unseeded player starts with a one-set advantage. 

Value Bet Prediction

Often, bettors can use some simple strategies to make informed and considered wagers. Here, we share some of our tips to consider before making a bet for value. 

Utilise Odds Comparison Tools

Firstly, when finding odds that have good value in sports betting, an odd comparison tool is useful. Here, players can find and compare hundreds of odds from various bookmakers.

Then, bettors can work out the probability of a match-winner bet and compare the available odds. Generally, using an odds comparison platform saves time. 

Look Beyond Match Winners

Overall, there are thousands of bets available in many sports. As a result, players can find further value in markets beyond match winners.

For example, a player can work out the probability of handicaps, under/over markets and individual player performance. 

Track Wagers

Furthermore, players who bet regularly can make rounded and informed decisions in future bets by keeping a betting journal. 

Also, if players commit to the betting for value strategy, they can track how well this has performed for certain sports, matches and individual teams. Then, if wagering for value is or isn’t working, bettors can adjust their wagers accordingly. 

Where to Bet on Value Bets?

  1. Get twice your deposit up to GH₵ 300 in Bet Credits for new customers at bet365.
    Min deposit GH₵ 1. Bet Credits available for use upon settlement of bets to value of qualifying deposit. Min odds, bet and payment method exclusions apply. Returns exclude Bet Credits stake. T&Cs, time limits & exclusions apply. Full T&Cs
    • In-play betting and boosted odds
    • Numerous live streaming events
    • Awesome live casino section
  2. 330% up to 3445 GHS
    18+.Minimum deposit: 200% – for deposits up to 380 GHS, 250% – for deposits of 381 GHS to 760 GHS, 300% – for deposits from 761 GHS. The bonus is valid for 30 days from the day of registration. For a 200% bonus: Half of the bonus amount must be wagered 5 times in pre-match or live accumulator bets. The second half of the bonus amount must be wagered 30 times in 1xGames.Each accumulator must contain 3 or more selections, at least 3 of which must be at odds of 1.40 or higher. For a bonus of 250% or higher: Half of the bonus amount must be wagered 10 times in pre-match or live accumulator bets. Each accumulator must contain 3 or more selections, at least 3 of which must be at odds of 1.40 or higher. The second half of the bonus amount must be wagered 35 times in 1xGames. T&Cs Apply. Full T&Cs
    • Simple and fast sign-up process
    • Wide selection of payment options
    • Superb new customer bonuses
  3. 100% bonus up to 975.00 GHS
    Minimum deposit: GHS5.00 Maximum bonus: GHS975.00 Wagering requirement in accumulator bets: 5x Each accumulator bet must contain 3 or more events. At least 3 of the events included in an accumulator must have odds of 1.40 or higher. The start dates of all of these events should not be later than the validity period of this offer. Duration of bonus: 30 days of registration. After 30 days the bonus and all winnings made on the bonus will be revoked. Full T&Cs
    • 24/7 Live chat support
    • Excellent mobile app
    • User friendly navigation and design
  4. Make your first deposit and get a 100% bonus up to 750 GHS
    18+. Make a deposit of at least 6 GHS. Get a 100% bonus up to 750 GHS for sports betting. The maximum sports betting bonus is 750 GHS. If the bonus is credited to the bonus account for sports betting, the wagering requirement will be 5x the bonus amount in accumulator bets. Each accumulator bet must contain at least three selections. At least three selections in each accumulator must have odds of 1.40 or higher. T&Cs Apply. Full T&Cs
    • Attractive welcome bonus
    • Ghana's best eSports betting site
    • Various payment options are available
  5. Get up to GHS 200 in Free Bets
    Minimum deposit: GHS 1 Maximum bonus: GHS 200 Wagering requirements: 3x Odds: 3 or higher. Minimum quote: GHS 1 Duration of bonus: 30 days of first deposit Exclusion for some games: Any free bet balance is forfeited as soon as you make a withdrawal Offer is only available to accounts opened after July 7, 2021 Visit site Full T&Cs
    • Supports Ghanaian cedis
    • Various promos for new and existing users
    • Extensive range of sports markets
  6. 3,300 GHS OR 100% matched Slots Bonus up to 6,600 GHS
    T&Cs: 18+. Sports bonus has 5 times wagering requirements, min odds 2.0 per selection. Slots bonus has 30 times wagering requirements. Minimum Deposit 660 GHS. T&Cs Apply. Visit site Full T&Cs
    • Broad selection of slot and virtual games
    • Enormous jackpots
    • Free support via phone
  7. Welcome offer up to GHS 400 in free bets
    Minimum deposit: No requirement to make a deposit upon registration Maximum bonus: GHS 400 Wagering informations: x3. Odds: 1.30 ore more. Minimum quote: GHS 1 Duration of bonus: 5 days after being added to customer's account Exclusion for some games: Football - Exclusion for total goals odd/even bets Basketball, Tennis and Volley - total points odd/even bets Visit site Full T&Cs
    • Cashout tool feature
    • Quick and easy payment processing
    • Generous new customer bonus
  8. Welcome "AKWAABA" bonus: 100% up to 500 GHS
    18+. Minimum deposit 10 GHS. T&Cs Apply. Full T&Cs
    • Different Promotions to Choose From
    • User-friendly Design
    • Excellent Deposit and Withdrawal Time
  9. Win up to ¢10,000 with only ¢5
    18+. You can place a bet with GHS. 5. For this option the Jackpot prize is GHS. 10,000 to be shared amongst all winners. The number of games in the daily jackpot is fixed at 8 games. If 3 or more games are postponed, all bets placed are voided and your stake is refunded. If one game is postponed, we divide the prize by 3, if two games are postponed the prize is divided by 9. You may only place unlimited number of bets in each event. Full T&Cs apply. Full T&Cs
    • Livestream and cashout features
    • Great customer support
    • Competitive odds

FAQs

In this section, we answer some of the most common questions about betting for value. 

How do you determine the value of a bet?

Firstly, bettors have to calculate the probability of the odds when betting for value. To do this, players divide 100 by the odds provided. Then, bettors compare odds and find those with higher values.

What is a value bet in football?

In football, betting for value involves finding odds with higher probability. In addition, bettors can find value in alternative markets like total goals, both teams to score and handicaps. 

What is a value bet in horse racing?

In horse racing, bettors calculate the probability of a horse winning. Then, they compare the odds to find value. However, bettors can also utilise each way and place bets in horse racing for value. 

How do you pick a value bet?

Often, bettors use odds comparison tools to find the best value from different bookmakers.

18+ | Please play responsibly | Terms and Conditions apply | Commercial Content