There’s a simple and a slightly more complicated way to understand this question. You can calculate the value of your bet by multiplying the odds of your bet by the wager that you made. Let’s say that the odds for team A to win team B are 2.50, and that you made a $4 wager. Your bet will have the value of $4.00 x 2.50 = $10.00. The profit of your bet would be $10.00 – $4.00 = $6.00. Alternatively, uncovering value may come down to the sportsbook. Here the question is not about the potential outcome of a bet, but where to make it. Let’s think about a coin flip, with 50% – 50% changes for heads and tails, which would mean odds of exactly 2.00. If a bookie offers odds of 1.90 for heads, the value of that bet is negative 5%, whereas if a bookie offers odds of 2.10, the value of that bet is + 5%. In this example, 2.10 are too high odds for a coin toss, which in turn gives you an edge.