I hope I understand your question right.
The value attribute defines a value which is sent by a POST request (i.e. You have an HTML form submitted to a server).
Now the server gets the name (if defined) and the value.
<form method="post" action="urlofserver">
<input type="checkbox" name="mycheckbox" value="1">Is it worth?</input>
</form>
The server would receive mycheckbox with the value of 1.
in PHP, this POST variable is stored in an array as $_POST['mycheckbox'] which contains 1.