Odds favor you
A value bet is a wager placed when you believe the odds offered are better than the actual probability of winning.
The concept comes from poker and sports betting, where skilled bettors seek situations where the house or market has mispriced the likelihood of an outcome: The underdog at +300 was a clear value bet.
The term extends to any calculated risk where expected return exceeds cost.
IDEA.org / Words / value bet
Odds favor you
A value bet is a wager placed when you believe the odds offered are better than the actual probability of winning.
The concept comes from poker and sports betting, where skilled bettors seek situations where the house or market has mispriced the likelihood of an outcome: The underdog at +300 was a clear value bet.
The term extends to any calculated risk where expected return exceeds cost.
1. gambling — edge, Boundary or sharpness; odds (Likelihood expressed numerically); overlay (Covering placed atop); bookmaker (One who takes bets); sharp · wager · handicap · stake · closing line · moneyline · spread · juice · vig · true odds
2. poker — pot odds, Risk-to-reward betting calculation; equity (Impartial treatment or ownership value); bluff (Calculated false front); call (Contact by phone); raise · fold · range · position · outs · overbet · river · turn · flop · street
BET PURPOSE/INTENTvalue bet ≠ bluff Calculated false front; semi-bluff
BETTING VS. NON-BETTING ACTIONSvalue bet ≠ fold Bend onto itself; check-fold · check · give up · muck · surrender
value, bet, values, valued, valuing, valuable, invaluable, valueless, valuation
Word data: Linguabase (CC0) · www.idea.org/words/value_bet