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Video Tutorial: How to Input Best Market Odds into the True Odds Calculator


This is the last in our series of video tutorials regarding the filling-in of data into the True Odds and Value Bet Calculator Excel spreadsheet.

Here you will learn the input process of market odds from sites such as www.betfair.com into the True Odds and Value Bet Detector to automatically identify under- or over-priced events as potential value bets.

In addition, marvel at the way our lovely lady from the east tries to convince you that Atlético Madrid and Real Madrid are one and the same club. Thank heavens she’s a mathematician and not a football fan! (Sorry, Madrid!) 🙂

You can enlarge the video by watching it directly in You Tube. (Click first on Play and then on the You Tube logo in the bottom right-hand corner of the video below).

If you find it difficult to watch the video on Soccerwidow’s site then feel free to swap over to YouTube. Here’s the link: How to input odds into your Value Bet Detector

Video Tutorial Main Learning Points:

  • Using www.betfair.com as the source for best odds. Soccerwidow shows you how to quick up the process by typing in the best odds using the split screen function.
  • Alternatives to Betfair include www.oddschecker.com and www.oddsportal.com, both of which monitor the bookmaker and exchange markets for best odds.
  • When using Betfair, choose a price mid-way between the back and lay values if there is a gap. For example, back price 4.4, lay price 4.8: enter 4.6 as the market will usually settle at this midpoint.
  • Alternatively, enter the back prices for back bet strategies, and lay prices for lay bet strategies.
  • For the Asian Handicap markets, it is better to use Oddschecker or Oddsportal as Betfair’s liquidity is usually poor and will therefore not reflect market prices.
  • Ensure you only use odds for markets that you have access to and which have a chance of being matched or placed at the prices you require.
  • Even if you are not concentrating on some of the bet types it is always a good idea to fill-in the spreadsheet in its entirety for future analysis and to help you play through various betting strategies.


Related Videos:

Our True Odds and Value Bet Detector uses Excel 2003 to allow functionality in all versions of Excel.


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Last Update: 17 August 2013

Categories:Learning Centre Statistics & Historical Data



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