Value Bet For Cheltenham vs Chesterfield

Value Bet For Cheltenham vs Chesterfield

Cheltenham vs Chesterfield takes place at 3pm on Saturday 17th March. Is there a good value bet to take on the game?

There sure is.

First let me break down this fixture for you real quick.

Cheltenham sit 15th in League Two whilst Chesterfield are rock bottom, with the worst defence.

Where’s the value bet?

It’s on Cheltneham to win.

As I write this you can get odds of 1.85 for them to win with 888sport.

That equates to an implied probability of 54.10%.. basically they think Cheltenham have a 54.10% chance of winning the match.

What probability best represents Cheltenham’s chances of winning..

Well, I’ve calculated the most accurate odds for this game as being 1.80 which gives an implied probability of 55.60%.

What does that mean?!

In short it means that 1.85 is a good value price.

Great.. how do you take advantage of this Value Bet?!

Let’s say you have a £1,000 bankroll.

Using Kelly Criterion (an optimal staking plan) you’d place a bet of £33.60.

Of course, if you’re more risk averse then you could do 10% kelly, 20% kelly 30% kelly stakes.

Is it guaranteed to win?

Of course not.

All it means is that if the game was played, let’s say 1000 times you could expect Cheltenham to win 55.60% of the time.

Equally, that also means you can expect them to LOSE 44.40% of the time.

Team lineups might change at the last minute which would affect the probabilities, and then of course there are random elements which can take place during a game such as refereeing decisions, rash tackles.. you get the drift.

However, by betting on value over time you are stacking the odds in your favour and stand a very high chance of betting profitably.

If you’d like me to explain value bets in more detail feel free to drop me an email or check out this blog post about value bets.