Trying to explain the concept of value betting to a betting newcomer is often an exercise in futility. Your newbie betting friend will only accept a bet is a good one if the horse actually wins, and he collects cash from the bookmaker.
Andrew at Betting Expert has posted a comprehensive article on how to develop your own 'sixth sense' when it comes to spotting value.
In his article Andrew gives a 6-step plan for developing an eye for value.
You don't need to be a maths wiz to be successful betting value long-term. But you do need to understand probability. After all, this is the business. Betting odds represent the probability of a particular outcome and I see far too often people betting in point-blank black and white terms.
For more articles on value betting visit my horse racing and betting systems blog at SkyBlueKangaroo.com
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