Expected Value (EV) is a mathematical concept that helps bettors determine the potential value of a bet over the long run. It represents the average amount you can expect to win (or lose) per bet if you were to place the same bet many times with the same odds and win probability.
A positive EV indicates that a bet is profitable over the long term, while a negative EV suggests you should avoid the bet. Professional bettors use EV calculations to identify valuable betting opportunities and make more informed decisions.
How to Use This Calculator:
Enter your intended wager amount
Input the American odds offered by the bookmaker
Enter your estimated probability of winning (as a percentage)
The calculator will show your Expected Value and other relevant metrics
Benefits of Using EV Calculations
Identify profitable betting opportunities
Make more objective betting decisions
Evaluate the true value of betting lines
Improve long-term betting results
Important Considerations
EV calculations depend on accurate probability estimates
Positive EV doesn't guarantee short-term profits
Consider using EV alongside other betting tools
Market efficiency can affect the availability of +EV bets
Note: While EV is a powerful tool, it's important to remember that your probability estimates must be accurate for the calculations to be meaningful. Always combine EV analysis with thorough research and sound bankroll management.