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 wager 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 valuable calculation a bettor can create when comparing bookmakers odds. How do you compute Expected Value in sport gambling in order to predict your winnings? Keep reading to find out.
The Expected Value of a wager shows us just how much we could expect to win (on average) a wager, and as this is the most precious calculation a bettor can create when comparing bookmakers odds. How can you calculate Expected Value in sports betting so as to forecast your winnings? Read on to find out.
Expected Value
The amount a player can expect to win or lose if they were to place a wager on exactly the same odds many times over, calculated through a very simple equation multiplying your odds of winning with the amount you could win each bet, and subtracting the likelihood of losing multiplied by the sum lost per wager.
GLOSSARY
A 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 every single time you got it directly, the EV will be 0.5.
This means that if you were to make the exact same bet on heads over and over again, you can expect to acquire an average of $0.50 for each bet of $10.

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