Value Betting Manual

Complete guide to using FairOdds Terminal for positive EV betting

How to Value Bet

Click on a value bet in the list.
Click the bet button. This will open a tab in your browser and take you to the bookmaker website, sometimes directly to the event.
Find the correct odds at the bookmaker.
Double-check the bet, enter the suggested stake and confirm.
Log your bet by clicking the 'Add to Bet Tracker' button.

Read the manual below for detailed information about the interface.

Let's Get Started

When starting the value betting service for the first time, the recommended default settings are already enabled. If you are a beginner and don't know what settings to choose, you can rely on the default settings until you're more experienced.

You can change the risk/reward ratio by adjusting your betting strategy in the Settings panel.

But there are just a few steps you need to do first. Check out the four steps below to get started.

Step 1 – Enter Your Bankroll

Go to the 'Settings' panel (click gear icon in top right) and enter your starting bankroll and current bankroll. The value you enter will be the same on both when you start. Click Save.

Settings panel showing bankroll configuration — Settings panel - Enter your bankroll and Kelly multiplier

Bankroll settings:

Bankroll (€): Your total betting funds (e.g., €1000)
Kelly Multiplier (1-10): Recommended 4 for quarter Kelly (conservative)
Min % of bankroll: Minimum bet size (e.g., 1%)
Max % of bankroll: Maximum bet size (e.g., 5%)

Note! To keep the risk level you have selected, you should update your current bankroll regularly. This is especially important if you turn over a large part of your total bankroll every day.

Step 2 – Select Bookmakers

Bookmakers selection panel — Bookmakers panel - Select which sportsbooks to use

Click on the filter icon in the Positive EV Bets view and select the bookmakers you wish to use in the SPORTSBOOK dropdown.

When starting value betting for the first time, all bookmakers are selected by default. You can customize the bookmaker list to show only the sportsbooks where you have accounts.

To filter bookmakers:

Bookmaker filtering interface — Filter bookmakers in the SPORTSBOOK dropdown

Open the filter panel (top of EV Bets view)
Click "All Sportsbooks" dropdown
Search for specific bookmakers or select from the list
Check/uncheck bookmakers as needed
Click "Apply" to save your selection

FairOdds Terminal supports 60+ bookmakers including Bet365, Pinnacle, DraftKings, FanDuel, Caesars, BetMGM, Unibet, Betway, William Hill, and many more.

Step 3 – Select Sports and Markets

Sport selection filter — SPORT dropdown - Choose which sports to display

In the same filter panel, you can choose which sports and markets to display:

SPORT dropdown: Select which sports you want to bet on (All Sports, or specific sports like soccer, basketball, tennis)

Market selection filter — MARKET dropdown - Choose bet types to display

MARKET dropdown: Choose bet types to display:

All Markets: Shows all available bet types
Moneyline (OT incl): Straight win bets
1X2 (Reg. time): Three-way markets (soccer)
And more: Spreads, totals, Asian handicaps, etc.

Step 4 – Set EV % Minimum and Filters

Filter panel overview — Complete filter panel - Customize your value bet display

Use the filter panel to customize which value bets are displayed:

EV % MINIMUM: Set the minimum expected value percentage (e.g., 3% to only show bets with 3%+ edge)

ODDS RANGE: Filter by odds range (Min/Max) to control variance

AGE: Control how old bets can be:

Any age
Under 30s (very fresh)
Under 1 min
Under 2 min
Under 5 min
Under 10 min

AGE filter options — AGE filter - Control how old bets can be

EVENT DATE: Filter by when matches start (All dates, Next 24h, Next 3 days, Next 7 days)

EVENT DATE filter options — EVENT DATE filter - Filter by match start time

Click "Save" to save your filter, or "Reset" to return to defaults.

Understanding the Main View

Main EV Bets view — Positive Expected Value (EV) Bets - Main view with live opportunities

The Positive Expected Value (EV) Bets view is where you'll find all value betting opportunities. Bets are displayed as rows in a table, continuously updated in real-time.

Key columns in the table:

EV%: Expected value percentage (your edge)
Event: Match name and market type
Side: Which outcome to bet on
Soft Odds: Odds offered by the recreational bookmaker
Soft Book: Which bookmaker to bet at
No-Vig Odds: Fair odds after removing vig (from Pinnacle)
Avg Odds: Average market odds
Pinnacle: Pinnacle's current odds (sharp reference)

Placing a Value Bet

When you click on a value bet row, a bet details panel opens showing all information you need:

Review bet details: Event, market, odds, bookmaker
Check suggested stake: Based on your Kelly settings and bankroll
Open bookmaker: Click to open the sportsbook in new tab
Find the bet: Navigate to the correct match and market
Double-check odds: Ensure odds haven't moved significantly
Enter stake: Use the suggested amount or adjust if needed
Confirm bet: Place the wager at the sportsbook
Log bet: Click "Add to Bet Tracker" to record it

Bet Tracker

The Bet Tracker is where you track all your logged bets, profits, and statistics. Access it from the user menu (profile icon in top right).

Key features:

Total Profit: Your cumulative profit/loss
Pending Bets: Total amount in unsettled wagers
ROI: Return on investment percentage
Beat CLV: Percentage of bets that beat closing line
Total Bets: Number of wagers placed

Filtering bets: Use the filters at top to view specific bets by:

Status: All, Pending, Won, Lost, Refunded, Half Won, Half Lost, Completed
Sportsbooks: Filter by specific bookmaker
Sport/League: Filter by sport or league
Type: Positive EV, Arbitrage, Middle
Date range: All Time, Today, Yesterday, Past Week, Past Month, Past Year, Custom

Settling bets manually: If a bet isn't auto-settled:

Find the bet row in Bet Tracker
Click on the Status dropdown for that bet
Select the outcome (Won, Lost, Refunded, Half Won, Half Lost, Completed)
Click "Settled result manually" button to confirm

Bet status options — First, select bet outcome from Status dropdown

Settle bets manually button — Then click "Settled result manually" to confirm and save

Export bets: Click "Export" to download your bet history as CSV for further analysis.

Tips for Value Betting Success

Start small: Begin with lower stakes while learning
Update bankroll: Adjust current bankroll weekly as it grows/shrinks
Track CLV: Aim for 55-60%+ bets beating closing line
Be selective: Don't bet every single +EV opportunity if odds are poor
Speed matters: Value bets disappear quickly as odds adjust
Multiple accounts: Have 10-20 sportsbook accounts for maximum opportunities
Stay disciplined: Follow your Kelly sizing, don't chase losses
Expect variance: Short-term swings are normal, focus on long-term CLV

Understanding Settings in Detail

Bankroll Settings

Bankroll (€): Your total funds dedicated to betting. Should be money you can afford to lose.

Kelly Multiplier (1-10): Controls bet sizing aggressiveness:

10 = Full Kelly: Maximum growth, maximum variance (not recommended)
4 = Quarter Kelly: Recommended for most bettors (conservative)
2 = Half Kelly: Balanced approach
1 = Very conservative: Minimal variance, slower growth

Min/Max % of bankroll: Caps bet sizes regardless of Kelly calculation. Prevents betting too small (< 1%) or too large (> 5%) of bankroll on single bets.

Min/Max stake: Absolute minimum and maximum bet amounts in euros, calculated automatically based on your percentage settings.

You're All Set!

Now it's time for the fun part—start value betting! Make sure you read our Positive EV Betting Guide and CLV Guide for more detailed strategies.

Using FairOdds Terminal with this manual will make you a consistent winner in sports betting. The platform provides all the tools you need—now it's up to you to execute the strategy!

Ready to start? Launch FairOdds Terminal and begin value betting.