Sportsbet – How to Find Positive Expected Value (EV) Bets

Sportsbet is an Australian sports bookmaker offering a range of betting options for sports, racing and more. They are part of the Flutter wagering group, which recently won praise for a new consumer protection technology at a parliamentary hearing on gambling harm.

The basics of sports betting involve predicting the likelihood that something will happen during an event, and then placing a bet on that event at a sportsbook. The odds that a sportsbook sets reflect their confidence in the probability of that occurrence, and bettors can then choose to back or lay the event. If the bet wins, you get your original wager back plus any profit (based on the odds that were offered when you made your bet).

When looking for positive expected value (or +EV), sports bettors should look at a variety of factors, including team and individual performance, injuries, weather, trends, and more. Ultimately, no single metric is capable of beating the sportsbooks, but bettors should strive to understand all of the available data before making a bet.

To help bettors understand the odds that they are seeing, sportsbooks will often include a win probability percentage. The higher the percentage, the more confident a sportsbook is in its prediction. Using this information, bettors can then compare the win probability for a given team to the odds that they are seeing, and decide whether or not the bet makes sense based on their knowledge of the teams and their history with each other.

One of the most important things to remember is that you should always bet within your means. It is easy to get caught up in the excitement of a winning bet, and this can lead to overbetting and subsequent losses. To avoid this, be sure to set a betting budget and stick to it. It is also important to bet sober, as emotions can often cloud judgement and lead to poor decisions.

Another way to improve your chances of finding value bets is to specialise in leagues and tournaments that you are familiar with. This will allow you to develop a sense of betting value that you can have confidence in, and then gradually expand your horizons.