FAQs The higher the EV goes, the better value the bet. How do you calculate expected value? The following formula is used to compute expected value: (Probability of winning) x (Amount won per bet) – (Probability of losing) x (Amount lost per bet). For ease, you can use our expected value calculator. Why does expected value matter? Expected value is a strong indicator of value when placing a bet. EV does not take anything into account besides the numbers. It tells a bettor the value of a potential wager, plain and simple. If a bet has a -EV, it could be a poor value.
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