Actually i been thinking something similar recently. I can find lot of value bets on exchanges but always small money. Say less then 200 dollar/euro/pound like you say. And often on markets that are either not actively traded, so those are not efficient markets because there is no real price discovery. Or sometimes i see that the vig on exchanges would be almost nothing on very active markets, like not even a percent in some cases. I think those could also be +EV sometimes because it’s easy for the “market makers” to be wrong when the margin of error is like a percent or even less. But then it’s also more like up to 50 bucks maximum.
So conclusion might be that it’s possible to find value bets on sharps but just not for any big amounts. An even then it’s probably important to have an understanding yourself where price should be.
