Betting edge represents the advantage you have over the market average odds. It's calculated by comparing the implied probability of your odds against the market consensus, excluding outliers. While this is similar to Expected Value (EV), there's an important distinction - EV compares your odds to the "true" probability of an outcome, while edge compares to the market average.
For example, if you find odds of +150 when the market average is +120, you have an edge over the market. However, if the true probability suggests fair odds should be +100, then while you have an edge versus the market, you still don't have positive expected value. This is why understanding both concepts is crucial.
Finding consistent edges in betting markets is crucial for long-term profitability, but should be combined with proper handicapping to identify true +EV opportunities. This calculator helps you quickly determine if you're getting better value than the market average, which is a good starting point for further analysis.
It is also important to note that some books are 'sharp' in some markets and 'soft' in others. Sharp books generally have odds closer to true probabilities, while soft books may offer less efficient lines. Identifying which books are sharp in a given market helps validate whether your edge also represents true +EV.
Note: Edge alone doesn't guarantee winning bets. Always combine edge analysis with thorough research and proper bankroll management.
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