How to calculate EV | Expected Value in sports betting

Get to grips with a Expected Value formula

Discover how to work out whether you should make a wager or not The Expected Value of a bet shows us just how much we can expect to win (on average) a wager, and as this is the most valuable calculation a bettor can make when comparing bookmakers odds. How can you compute Expected Value in sport betting in order to forecast your winnings? Keep reading to find out.
The Expected Value of a bet shows us just how much we could expect to win (on average) per wager, and as such is the most precious calculation a bettor can create when comparing bookmakers odds. How do you compute Expected Value in sport in order to predict your winnings gambling? Keep reading to learn.
Expected Value
The amount a player can expect to win or lose if they were to put a wager on exactly the very same odds repeatedly, calculated via a very simple equation multiplying your probability of winning with an amount that could win per bet, and subtracting the probability of losing multiplied by the amount lost per bet.
GLOSSARY
A very simple instance of Expected Value (EV) placed to practice – if you should bet $10 on heads in a coin toss, and you were to get $11 every single time you got it directly, the EV will be 0.5.
This means that if you were to make the 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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