Written by :
Published on :
The best online sportsbook is Premier Per Head, and it’s not just because they offer a superior product. Separating themselves from the rest of pack is a fully-staffed, 24/7 call center, situated domestically with operators on standby to offer clients assistance with any kind of customer service need. Possessing a deep understanding of the sports betting industry, from both sides of the table, our call center staffers are courteous, knowledgeable, and work hard to assure your PPH experience runs smoothly. As one of the top online sportsbooks, Premier Pay Per Head will allow you to manage real-time sports betting across all your clients from the convenience of a single screen.
Guide To Making A Living Online Betting: Understanding True Value
As a way to show you how serious we are about treating our clients right, we’ll provide some tricks to keep in mind if you wish to beat your bookie!
It all starts with learning how to identify, and then act upon, “value situations”. Successful bookmaker gambling hinges on how well a bookie can adjust odds so that they’ll always make a profit regardless of any game’s outcome. However, every now and then, certain situations arise where you may think that the odds given by your bookie, reflect a probability that’s much less than the expected outcome. This is called a value situation, and if you’re savvy enough with sports and have a hawk’s eye, then you may just out-maneuver your bookie.
To illustrate our meaning, we’ll use a very simple, but realistic coin toss example. There are only two results that can occur, so the probability of any outcome sits at 50%, or 2.00 in decimal odds (100% / 50% = 2.00). If one bookmaker offers odds of 1.90 that the coin lands on tails and a second bookmaker offers 2.10 for the same event, which one is offering value?
Well, here’s where some quick math enters the equation:
(PO x DO) - 100%
Take the probability of the outcome (PO), multiply it by the decimal odds (DO) and then subtract from 100%.
Using the above example’s first bookmaker, your equation will look like this:
(50% x 1.90) - 100% = -5%
Using the above example’s second bookmaker, you equation will look like this:
(50% x 2.10) - 100%= 5%
From those results, it’s obvious to see that the second bookmaker is offering the true value situation. But you might be wondering how exactly you go about spotting one of these scenarios?
That is the ultimate question, and finding a way to easily identify them is the key to mastering long-term sports betting. It just takes a keen eye, extensive sports knowledge, and some guts to go against the odds.
Try Out Our Pay Per Head Trial
Established bookmakers, those in the process of becoming a bookie, and anyone with a strong clientele trying to switch to a digital book, should head over to our product page now, and sign-up for our one-month free PPH trial. Get streamlined reporting, communications, and support through a single screen anywhere you go. Try it out today!
