How to calculate EV | Expected Value in sports betting

Get to grips with a Expected Value formula

Learn how to work out not or whether you should make a bet The Expected Value of a bet shows us how much we can expect to win (on average) per wager, and as such is the most precious calculation a bettor can make when comparing bookmakers odds. How can you compute Expected Value in sports in order to predict your winnings gambling? Keep reading to find out.
The Expected Value of a wager shows us how much we can expect to win (on average) per bet, and as such is the most precious calculation a bettor can make when comparing bookmakers odds. How do you calculate Expected Value in sports so as to forecast your winnings gambling? Keep reading to learn.
Expected Value
The amount a player can expect to win or lose if they were to place a bet on the very same odds many times over, calculated through a very simple equation multiplying your odds of winning with the amount that can win each bet, and subtracting the probability of dropping multiplied by the amount lost per bet.
GLOSSARY
A simple example of Expected Value (EV) put to practice – if you were to wager $10 on heads in a coin toss, and you should get $11 every single time you got it right, the EV would be 0.5.
This implies that if you were to make the same bet on heads over and over again, then you can expect to acquire an average of $0.50 for every bet of $10.

Read more here: http://afrtncorporation.com/?p=8934