Studio Guides
Real Odds and Value Bets
In studio we determine real odds as a statistical reference of “true odd” combining and analyzing the pure results of both teams many years before. Real odds help to understand the difference between sports book odds and to decide which are value bets or not.
Besides, real odds reflect also the probability of a given outcome (market) and helps user as a prediction trend.
Real Odds
What is Real Odds?
It is the odds (or probability) that Studio assigns to an event based on the past games of both teams.
You can find real odds at the pregame match coupon and at the explore tool which analyze each game separately.
How to set Real Odds:
From the Profile:
You can set Real Odds from the profile by the module Real Odds Profile
Create a new profile by selecting the database and home/away assumptions (photo 1).
Database records to use: Choose the historical database of past games.
Home as: Include type of games for the home team.
Away as: Include type of games for the away team.
There are four options:
Only Home or only Away games
Both: to inlcude both home and away games
ingore: to ignore all games.
From the Explore Tool:
You can set Custom odds for an individual game from the Explore Tool
Select seasons: Choose database historical games for both teams (photo 1)
Home: Include type of games for the home team.
Away: Include type of games for the away team.
There are four options (photo 2):
Only Home or only Away games
Both: to inlcude both home and away games
ingore: to ignore all games.
Excluded teams (photo 3): The teams you add here will not be included in the sample of real odds Analysis
Value Bets
What is a value bet?
A value bet is a bet where the probability concerning real odds of a given outcome (market) is greater than the sportsbooks odds reflect.
Simply when value betting, you will be placing bets that have a larger chance of winning than implied by the bookmakers odds.
This means you will have an edge over the bookmakers in the long run.
You can recognize a value bet in locations of studio where there are real odds together with the bookmakers odds, that is at pregame and at explore.
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