"What is Value?"
Buying at price that offers a positive expected return.
"How many different "types" of Value are there?"
Huh? Value is value ... I guess we could be silly and say "good value" and "bad value" (or in JMan's case "no value" .. j/k)
"How do you determine Value?"
Theoretically, with math. Calculating the expected return should show you any lines that offer "value" ... but not every line should as a "perfect" linesman would have the juice span the true odds.
"Do you enter wagers not knowing whether you're getting or giving away Value?"
Yes. Without having access to all the data you need when you need it sometimes you make bad judgement (ahem ... impulse)
"Is not Value derived mathematically?"
Theoretically, yes. But certain things might be mathmatically <near> impossible to code .. i.e. Shaq playing at "85%" health .. you're relying on a perception and worse - how do you acturately fix this into the equation??
"What are YOUR thoughts regarding VALUE?"
If you don't value shop your bankroll will drop.
[This message was edited by lander on May 16, 2003 at 05:35 PM.]
Buying at price that offers a positive expected return.
"How many different "types" of Value are there?"
Huh? Value is value ... I guess we could be silly and say "good value" and "bad value" (or in JMan's case "no value" .. j/k)
"How do you determine Value?"
Theoretically, with math. Calculating the expected return should show you any lines that offer "value" ... but not every line should as a "perfect" linesman would have the juice span the true odds.
"Do you enter wagers not knowing whether you're getting or giving away Value?"
Yes. Without having access to all the data you need when you need it sometimes you make bad judgement (ahem ... impulse)
"Is not Value derived mathematically?"
Theoretically, yes. But certain things might be mathmatically <near> impossible to code .. i.e. Shaq playing at "85%" health .. you're relying on a perception and worse - how do you acturately fix this into the equation??
"What are YOUR thoughts regarding VALUE?"
If you don't value shop your bankroll will drop.
[This message was edited by lander on May 16, 2003 at 05:35 PM.]
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR>Originally posted by dimeplayersonly:
i didnt see any value whatsoever in laying -850 under any circumstances...<HR></BLOCKQUOTE>
Dimeplayersonly,
If you think that the New York Yankees have a 98% chance of beating e.g. the Danish national baseball team then why on earth not lay -850?
i didnt see any value whatsoever in laying -850 under any circumstances...<HR></BLOCKQUOTE>
Dimeplayersonly,
If you think that the New York Yankees have a 98% chance of beating e.g. the Danish national baseball team then why on earth not lay -850?
<BLOCKQUOTE class="ip-ubbcode-quote"><font size="-1">quote:</font><HR> Dimeplayersonly,
If you think that the New York Yankees have a 98% chance of beating e.g. the Danish national baseball team then why on earth not lay -850? <HR></BLOCKQUOTE>
How was the 98% chance derived? Only by your own thought or by comparing the thoughts of others? (BIG DIFFERENCE)
If someone else (Bookmaker), at the same time, thought that the Danish National team would beat the Yanks 1 out of 10 times, thus posting them as +900...certainly there would be value in laying the -850.
However, if the Bookmaker thought the Danish team would beat the Yanks 1 out of 5 times, posting them at +400...then, there wouldn't be any value in laying -850.
Value is RELATIVE...meaning, there needs to be at least another similar item/number/thought to provide a "relative" comparison.
If you think that the New York Yankees have a 98% chance of beating e.g. the Danish national baseball team then why on earth not lay -850? <HR></BLOCKQUOTE>
How was the 98% chance derived? Only by your own thought or by comparing the thoughts of others? (BIG DIFFERENCE)
If someone else (Bookmaker), at the same time, thought that the Danish National team would beat the Yanks 1 out of 10 times, thus posting them as +900...certainly there would be value in laying the -850.
However, if the Bookmaker thought the Danish team would beat the Yanks 1 out of 5 times, posting them at +400...then, there wouldn't be any value in laying -850.
Value is RELATIVE...meaning, there needs to be at least another similar item/number/thought to provide a "relative" comparison.
