Get to grips with a basic Expected Value formula
Learn how to work out not or if you should make a bet The Expected Value of a wager shows us just how much we can expect to win (on average) a wager, and as this is the most valuable calculation a bettor can create when comparing bookmakers odds. How can you calculate Expected Value in sport in order to predict your winnings gambling? Read on to learn.
The Expected Value of a wager shows us how much we could expect to win (on average) a wager, and as this is the most precious calculation a bettor can make when comparing bookmakers odds. How do you calculate Expected Value in sport in order to forecast your winnings gambling? Keep reading to learn.
Expected Value
The amount a participant can expect to win or lose if they had been to place a wager on the very same odds many times over, calculated via a simple equation multiplying your odds of winning with an quantity you can win per bet, and subtracting the probability of dropping multiplied by the amount lost per bet.
GLOSSARY
A very simple instance of Expected Value (EV) placed into training – 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 win an average of $0.50 for every wager of $10.
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