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How our Positive EV scanner works
Value bets are the bets wagered on undervalued outcomes (with positive expected value), allowing for a long-time profit.
Operating principle
You can find all currently valid value bets in the "Positive EV" section. Values are getting selected after comparing them with the odds of Avgline (read more about Avgline here).
For a better understanding of the concept of value bets, we recommend you to read about the formula and see a visual example of calculation of the value bets in this article.
Defaults settings of the scanner
You can on your own select the BOs to be scanned for value bets by ticking the bookmakers’ name. The percentage profitability of the selected event can also be customized at the top of the settings window.
As a result, the customer gets the Positive EV bets matching the specific parameters. The bet is automatically redirects you to the value bet calculator after clicking on it (1). The drop-down list (2) is designed to quickly view the odds set by other bookmakers.
The value bet calculator is useful in calculation of expected profits, and respective stakes. In the "Bet" field (4), you will be able to enter the amount of the stake, and it will automatically calculate the related profit in the "Win" field (3), and vice versa. Here, you can also choose the currency of the stake (5), and the income received (6). Dollars (USD) are set as the default currency, whereas the potential winning amount is set as 100, but this value can be changed in the "Bookmakers" section of your Personal Account.
You can wager your bet using the outcome frame (7) - by clicking on it, you will be redirected to the selected event by the specific bookmaker. You only have to specify the amount of the stake and wager it with the bookie.
After making a bet, the customer can save it to the Accounting using the "toolkit" icon (8). If the selected bet turned out to be useless or already wagered, you can hide it using the "recycle bin" icon (9).
Additional filters
Value bets have lots of additional settings available at the Personal Account. To activate them, go to "Multifilters" –> "Valuebet" tab. The following settings are available there for prematch and live modes:
1. "Bets": to mod the amount of odds results by events.
2. "Sports": to filter by sports with value bets to be displayed in the search results.
3. "Country": for setting the countries to be included in the search results.
4. "Show/filter out selected leagues": for setting the championships for bet selection.
5. "Hide wholes/quarters": to select the outcomes to not be displayed in the search results (H1 (0), TO (1.25), etc).
6. "Periods": is designed for displaying events by periods. More details can be found in our blog
7. "Halftimes/breaks/timeouts": for setting the display options for live events during breaks / halftimes.
8. "Time played, min": to set the time range for football (soccer) events.
9. "Starting not earlier/not later than": for filtering upcoming events by the staring time (only relevant for bets being wagered before the start of the event).
10. "Age": setting to display the "lifetime" of value bets (in minutes for prematch mode, in seconds - for the live one).
11. "Type": for setting up groups of events to be included in the search results.
The above are the standard settings for value betting, but the Multifilter section also has a number of unique filters:
- "Positive EV percent": to set the profitability percentage.
- "Bookmakers": the Positive EV search results will be displayed only for the BOs selected in this option.
Positive EV tool: demonstrative example
Let's look at how our Valuebet tool works on a demonstrative example. Imagine we’d like to find value bets with DraftKings. We need to select this bookie in the "Bookmakers" field and preferable sports in the "Sports" field:
As a result, we will get a selection of outcomes from the DraftKings bookmaker. The list of results with auto-updating: valuebets can be sorted, grouped, and the alerts (text or sound) also can be set.