A value bet is a bet or raise made because you expect worse hands to call. If better hands call more often than worse hands, it's not a value bet, it's a mistake. Your job is to bet amounts that keep dominated hands in while charging draws and weaker pairs.
- Thick value: Strong hands that crush calling ranges (sets, two pair, overpairs on safe boards).
- Thin value: Marginal but profitable bets (top pair vs weaker top pair, second pair vs worse pairs) that win small pots consistently.
- Not value: Betting when most calls come from better hands (a.k.a. “value-owning” yourself).