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Author Topic: Value Betting - Seeking advice/sparring  (Read 97 times)
saerlingen
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May 12, 2019, 01:09:05 PM
 #1

Hello fellow gamblers!

For the last two months I have been value betting for a decent profit, it is not an overwhelming return of investment, but it seems stable long-term, which is a lot better than most things you can do with your Bitcoins.

After quickly realizing the mathematical advantage holds true in the long-term, I created a data-entry website so that I can upload the "true" odds for events I might bet on, and also build a betting bot that can read these true odds to determine if the given odds on an event holds value or not, and place a bet accordingly.

I also implemented some stats tracking, it is very basic stuff but feel free to have a peek Smiley

https://obscure-peak-68988.herokuapp.com/stats

I never had a bankroll larger than 0.03 BTC in my account, and the bets range from 0.0001-0.0005 BTC depending on how much value is there.

Weekends pack the most bets for sure, but on avg. i'd guess my bot makes 50-100 bets every day.

Anyone doing something similar, and care to discuss their approach?


Best esports betting site <3 (https://www.onehash.com/?ap=faf3adf5de2d4190aef003)
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jademaxsuy
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May 12, 2019, 03:11:58 PM
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I am having some time understanding the post since I am.not good in English. Base on my understanding that you are not holding bitcoin since OP states that it is profitable holding long term for bitcoin. Yeah I agree with you in this matter but since you are betting then it might lead you to dispose some of your BTC.

Well, OP im betting you will bet using BTC and then you can win also BTC. So there is no point wether you lose or not you will still.have the btc unless all of it will lose in gambling. If I were you OP, I should only bet in moderation. But, I think that you are making f
profit out of it because you have stated that a bot will going to bet for you. You are lucky. Jusy hold the BTC and for sure you will going to the moon! LOL
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May 12, 2019, 03:27:12 PM
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Value betting explained. Value betting is taking advantage of overpriced odds that are higher than their true probability. Simply put, when value betting, you will be placing bets that have a larger chance of winning than implied by the bookmakers odds.

Source: Google

Best esports betting site <3 (https://www.onehash.com/?ap=faf3adf5de2d4190aef003)
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