Value?

[Osesame]

I'd like people who look for value to describe what thay actually mean by value,and if they find that following their perceived value has made their betting profitable.

[mr onemore]

Re: Value? Best place I've ever found value was learning to play limit poker! At the low level games, you can regularly play hands with real probabilistic value - it really can be worked out at this level - and over a long stretch have an edge of about 3 to 4% over the mugs. It was quite an education, managing a (small) bankroll, with only a small egde, and seeing how long it takes to grow, (quite literally, thousand of bets...) and yet how long the losing periods can also be. I'd recommend this exercise to any punter who has a serious attitude towards their edge, value betting, patience, and bankroll maintenance. As far as other betting - I almost exclusively bet on football. Have spent a lot of time testing systems, looking for value, which I define - as like most I think - as identifying trends which if back testing has proved profitable over previous seasons can reasonably be expected to continue in the future. My problem is that I have tested hundreds of ideas theoretically, but not put into practice the kind of discipline as stated in the poker paragraph above to really say if I have profited from identifying and backing value bets. Plenty of profit in theory - not so much in practice!! Hope that answers your question.