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I need help understanding value betting

Is this the new hack of smart gambling?
fafu
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Re: I need help understanding value betting

Wed Sep 30, 2020 9:23 am

In the past bet365 was sharp on live baschet but now is no more. Does anyone some  sharp bookye on live baschet?  excluded pinnacle because he have few live matches
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Sandica9
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Re: I need help understanding value betting

Fri Oct 02, 2020 7:25 am

patan wrote: Thank you all for your advices.
Vidablue I think you are right.Maybe if i close the bet earlier i will have some profits and reduce the variance but as you said in the long run probably I will also have reduced profits.
Arbusers actually I was reading this article about the psychology 2-3 days ago and it is very useful.
If you close your bet for "some profit" by cashing out or backing the other optinos your are not doing anything else but betting with negative EV.
Imagine the bet goes the other way, what will you do, cash out not to loose all the initial stake?
Even though the bets refer to the same event you should treat them as independent events.
If you consider your initial bet to be a plus EV one, stick to it. If it wasn't then it was a bad bet in the first place. But hedging it will add some more negative EV to your bets due to increased live juice.
GL

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