How to calculate EV | Expected Value in sports betting

Get to grips with a Fundamental Expected Value formula

Discover how to work out if you should make a wager or not The Expected Value of a wager shows us just how much we can expect to win (on average) per bet, and as such is the most valuable calculation a bettor can create when comparing bookmakers odds. How do you compute Expected Value in sport so as to forecast your winnings betting? Keep reading to learn.
The Expected Value of a bet shows us just how much we can expect to win (on average) per bet, and as this is the most valuable calculation a bettor can create when comparing bookmakers odds. How can you calculate Expected Value in sports in order to predict your winnings betting? Keep reading to learn.
Expected Value
The amount a player can expect to win or lose if they had been to place a bet on the very same odds repeatedly, calculated through a simple equation multiplying your odds of winning with an quantity that could win per bet, and subtracting the probability of losing multiplied by the sum lost per wager.
GLOSSARY
A very simple example of Expected Value (EV) placed into training – if you were to bet $10 on heads in a coin toss, and you were to get $11 each single time you got it right, the EV would be 0.5.
This implies that if you should make the exact same bet on heads over and over again, then you can expect to win an average of $0.50 for every bet of $10.

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