Sportsbet is one of the most popular betting sites in Australia with a huge range of sports and racing markets. However, their odds are often not as competitive as some other big corporate bookmakers, which is why we recommend sticking to the likes of PlayUp or BlueBet instead.
Betting Odds Calculator
The odds offered by a sportsbook are based on their implied probability of the outcome happening. If you’re able to calculate your true probability, then this can give you an advantage over the implied probability that the sportsbook is giving you.
Bookmakers set their lines based on decades of experience and substantial financial and human capital resources. They employ the best oddsmakers and programmatic algorithms to evaluate hundreds of thousands of sporting events.
These algorithms and a vast array of data sources are utilised to create a line that an average bettor cannot realistically replicate with nearly the same accuracy.
+EV Betting Explained
Positive expected value betting, or a bettor’s search for +EV, is one of the foundational methods to winning long-term with sports betting. Casual bettors, or what we call “the public,” tend to ignore this important metric and focus on a more basic approach to gambling.
This can lead to a false sense of confidence when it comes to finding a winning bet. Despite the best intentions, most sports bettors don’t use enough positive expected value betting to win long-term.