Value Bets Search Tool (Football, Baseball, Soccer, & More)

How Our Value Bets Tool Works

To find value bets, we monitor lines from online sportsbooks to find mispriced odds and lines that should return a profit over time. We check the odds every minute, so you can always find value bets that are currently available.

Let's go over an example: if almost every sportsbook has the Kansas City Chiefs to win at -150 odds but one sportsbook has them at -135, we assume that -150 is the correct price, meaning there’s value at -135.

>> Read More: How to Read Betting Odds

It’s not as simple as just looking for a market with odds that are more favorable than what other books are offering, however.

In order to be a value bet, it has to overcome the ”vig” or “juice” that sportsbooks charge. This is essentially what sportsbooks charge in order to take the bet and is the reason why standard 50/50 odds are usually at -110 (bet $110 to win $100) instead of +100 (bet $100 to win $100).

Using the same example above, if you assume -150 is the correct odds for the Chiefs to win and the other side has odds of +130, we can calculate the “Consensus No Vig Odds”—aka the price that sportsbooks would offer if they weren’t taking a cut.

In this case, the no-vig fair odds would be about -138. So, if -138 is a fair bet, you are getting a deal at -135, creating a value bet.

To use our Value Bets Tool, simply check the cards above to see currently available value bets based on our data. Here is an explanation of the columns:

• Event: The game, league, date, and time.
• +EV Bet: The bet that is offering positive expected value (+EV) and which sportsbook is offering it.
• Consensus No Vig Odds: The consensus odds among the sportsbooks we track with the vig removed.
• +EV Bet Odds: The odds of the +EV bet in a button that you can click to go to the sportsbook offering it.
• ROI: The expected long-term return on investment based on the +EV bet odds and the consensus no vig odds.

What is a Value Bet?

A value bet is one that has a positive expected return based on the odds. If you consistently bet value bets, you should make a profit over time.

It's possible to find value bets by finding the consensus line and odds at other sportsbooks. By looking at the consensus odds on both sides of a market, we can find the no vig odds. Anything that is more favorable than the no vig odds is a value bet.

Implied Probability

To truly understand value betting, you first must understand implied probability. Implied probability is the chance that a bet will win based on the odds from the sportsbook.

For example, if a sportsbook has a market with two sides having -110 odds each, the implied probability of each side winning is 52.38%, according to the odds.

You’ll notice that 52.38% multiplied by 2 equals 104.76%—which is over 100%. This extra 4.76% is from the vig that the sportsbooks charge.

>> Calculate for yourself: Implied Probability Calculator

Regardless of the vig, if you think there is a greater than 52.38% chance of one of the sides winning, that would be a value bet, assuming you are correct on the chances of it winning being greater than 52.38%.

As another example, if the true chances of a team winning is 65% but the odds imply that they have a 60% chance of winning, this would be a value bet.

Calculating No Vig Odds

Now that you know implied probability, let’s take it a step further and look at what no vig odds are.

In short, these are the odds that sportsbooks would be offering if they didn’t take a cut.

For example, instead of both sides having odds of -110, each side would have +100 odds (a true 50/50 bet).

It’s important to calculate the no vig odds so you can understand if there’s value on lines/odds offered by other sportsbooks.

Let’s say the consensus odds among sportsbooks for the Dallas Cowboys to win is -180 (odds1) against the Detroit Lions, who are at +150 (odds2) to win. To remove the vig, we do the following:

1. Convert the odds to Decimal format by doing:
   1. Positive odds: 1 + (American Odds/100)
   2. Negative odds: 1 – (100/American Odds) 
   3. odds2 = 1 + (150/100) = 2.50
   4. odds1 = 1 – (100/-180) = 1.56
2. Find the total odds by doing:
   1. TotalOdds = (1 / odds1) + (1 / odds2) 
   2. TotalOdds = (1/1.56) + (1/2.50) = 1.041
3. Find the no-vig implied probability of each side of the bet by doing:
   1. NoVig ImpliedProb = 1 / odds / TotalOdds
   2. NoVig ImpliedProb odds1 = 1 / 1.56 / 1.041 = 61.6%
   3. NoVig ImpliedProb odds2 = 1 / 2.5 / 1.041 = 38.4%
4. Convert each implied probability to no vig American odds by doing:
   1. NoVig odds1 = -160
   2. NoVig odds2 = +160

Based on the no vig odds, we can then look for bets with better odds in each direction. For example, if you can Cowboys at -159 or better (-155, -145, etc.), that would be a value bet. Similarly, if you can get the Lions at +161 or better (+165, +170, etc.), that would be one as well.

How Do You Find Value Bets?

1) Look for Mispriced Lines at Sportsbooks

The tool above works by finding mispriced lines at sportsbooks. If most sportsbooks have the odds of a bet within a small margin of each other, we assume that these are the “correct” odds. If one sportsbook has considerably different odds, we consider that to be mispriced.

In order for this difference to result in a value bet, it must be large enough to overcome the vig that sportsbooks charge.

While you could do this work yourself by checking the odds for markets at many sportsbooks, it would take way too long to find a single value bet.

Our Value Bet Finder tool does the work for you by comparing odds at major sportsbooks every minute to find currently available opportunities.

2) Take Advantage of Odds Boosts

Odds boosts are another way to find value betting opportunities. Odds boosts are when a sportsbook increases the odds on a specific bet.

While not all odds boosts are value bets, many are.

If an odds boost is for a single market, you can compare it to other sportsbooks to see how much value it offers.

If the odds boost is on a parlay, it’s harder to calculate if it’s a value bet since it’s harder to know the no vig odds on the bet.

3) Look for Arbitrage Betting Opportunities

Arbitrage bets are rarer opportunities that guarantee you to make money by betting both sides of the market with separate sportsbooks.

You know you have an arbitrage betting opportunity when the sum of the odds of a two-way market add up to a positive number.

A two-way market is just one where there are only two possible outcomes of the bet, such as an Over/Under on a player's points, a moneyline bet where one team has to win, or a spread bet where the spread is the same number with each sportsbook.

For example, if FanDuel has the odds on the Yankees to win at +105 and BetMGM has the Red Sox to win (against the Yankees) at +100, you can bet both sides to guarantee yourself profit either way.

4) Look for Middle Betting Opportunities

The last way to find value bet opportunities is by middling a bet. When you middle a bet, you place one bet with one sportsbook and another bet with another.

The key here is that the lines have to be different, giving you a chance to win both bets if the outcome ends up in the middle.

For example, if FanDuel has Patrick Mahomes' passing yards at 220.5 and BetMGM has it at 200.5, you could bet the Under 220.5 at FanDuel and Over 200.5 at BetMGM. If the result ends up in between 201 and 220, you would win both bets. If it ends up outside of that range, you would still win one of your bets (though you may not make a profit depending on the odds).

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