Everyone wants to “outsmart the bookmaker.”
You do. Your sports-following friends do. And so does every other sports bettor on the planet.
This has led to the sports betting software market exploding.
🧑💻 The latest research tells us that more people than ever are using software to help them find and place bets, with the market itself projected to reach $2.9billion by the time 2030 arrives.
There’s now a sports betting software for almost every task you can think of. Whether you want to calculate odds or track all of your bets in one place, you can find a software for it. Simply put, the market is booming.
In terms of popularity, value betting software is top of the tree. This is a type of software that’s especially big among football fans, but is also a hit with other sports fans, too. Best of all, it’s incredibly simple to use.
So, in this guide, we’re going to take a look at the ins-and-outs of value betting software, how it works, and whether the software is actually worth your time.
What is Value Betting Software?
Value betting software is a type of tool that finds bets where the odds are too high. This means the potential returns are better than they would normally be. You then get an edge over the bookmaker and can try to land a profit.
The demand for value betting software has reached crazy new heights over the past several years due to demand, so the options on the market are close to endless. Currently, BetWasp #1 rated software on BettingTools, is the market leader, but there’s also RebelBetting, BetBurger, and several other options that you can pick from, too. Usually, these programs come with free trials, but you’ll have to pay a monthly subscription fee once the free trial is up in order to maintain access.
⚽️ Let’s do a quick example of the software itself. In the Premier League, if Liverpool are set to play Fulham and are given odds of 6/5 to win but their actual chance of winning is 55%, the odds should be around 5/4. This means the available 6/5 odds are offering a value bet opportunity, as they are too high based on Liverpool’s incredible league record this season. In cases like this, bettors will often swoop in early so that they can lock-in these odds.
Essentially, value betting software finds you bargains. If there’s a bet on the market with a high likelihood of happening with high profit returns, it’ll let you know about it. And because these bets can be quite tricky to find yourself, the software does all of the hard work for you.
How Does Value Betting Software Actually Work?
Once your value betting software is ready to go, it scans bookmakers’ odds for you across all the major sites. We’re talking bet365, Coral, William Hill, and all of the other big-hitters. After doing this, the software will then provide you with any overpriced odds it finds so that you can start placing bets.
Depending on the specific part of the year, value betting software can provide you with anywhere from 10 to 50 value bets a day. Yep, quite a lot. Sometimes, it can even go higher, especially if we’re bang in the middle of a busy football season.
Naturally, you probably won’t want to bet on all of the odds. This is why the software will usually provide you with a list of odds in priority order. In other words, the best-value odds will be at the top.
From here, all you have to do is visit the bookmaker’s site, find the odds, and place your bet. In some cases, value betting software even comes with a special feature where it can automatically place bets for you based on your own pre-set criteria, such as bet size and profit margins, which is extra helpful if you’re someone who’s busy a lot and doesn’t have time to place the bets yourself.
Where to Get Value Betting Software?
You can get value betting software on the internet from several different providers. As mentioned a little earlier, though, these providers all have different prices and none are available for free. Here’s a brief overview:
✔ BetWasp • Scans markets for over 40 different sports • Starts at £30/m
✔ RebelBetting • Analyses over 1 million odds every few seconds • Starts at £118/m
✔ BetBurger • Gives you direct links to bookmakers’ sites to place bets instantly • Starts at £66/m
✔ Trademate Sports • Identifies value on over 25,000 games per year • Starts at £100/m
✔ OddsJam • Analyzes millions of odds to mind the ‘mispriced’ ones • Starts at £150/m
Remember, these software programs come available with free trials, too. By using these free trials, you can effectively find out which software is best for you without losing any money in the process. You might even find that you want to start active subscriptions with two (or more) of the market options because they’re that good, which is something that lots of sports bettors today have already done.
Unfortunately, there’s no free value betting software available at the moment. The only option is to take advantage of free trials and then pay the required fee after. It’s a little frustrating that you have to pay for this software, but it does provide you with long-term value, so the trade-off is fair in the end.
Is Value Betting Actually Worth It?
There’s no question that value betting is 100% worth it. However, it’s generally regarded as a long-term strategy. The idea is that (over time) you stay consistent with the value bets you place until a healthy profit margin starts to emerge. Remember, not every value bet that your chosen software identifies is going to win and some of the early bets you place will fail. Gradually, though, a lot of the people using these applications find that they start to make a profit, which is why it’s a good idea to stick with them to see what happens.
If you do decide to start value betting, it’s vital to remove any personal bias you might have. Also, don’t panic too much if you don’t have much knowledge of the sport or game that you’re betting on, as all that matters is that there’s potential value in the odds. All that’s required on your side is that you take a look at the odds, decide if you want to go ahead with them, and then decide the specific amount you wish to bet.
Summary
If you’re struggling to find bets with genuine value or are stuck in the middle of a losing streak with your bets, adding value betting software to your list of tools is a great idea. Moving forward, this software will provide you with daily updates on value bets it’s identified, allowing you to take advantage of ‘bargain’ odds with high profit potential. From a sports fan’s perspective, it’s a no-brainer — especially now that the sports betting industry has become ultra-competitive.
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