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