The expected value calculator takes in fair odds and bookmaker odds to determine the expected value of the bet.
It gives two values, one being the dollar ev and percentage ev.
How to use the calculator?
Enter the Odds:
Input the odds for a bookmaker and the fair odds
Calculate:
The calculator will determine the expected value of the bet
See Result:
A positive EV indicates a mathematical edge, and a negative EV will result in long term loses
What is expected value?
Expected value is the exact principal that ensures bookmakers make money and bettors typically lose, but in situtions of positive expected value, the bettor can gain an edge over the bookmaker.
How do +EV bets exist?
+EV bets exist typically due to bookmaker mistakes, differences in what they deem to be true odds and slow movement in their odds.
How to find +EV opportunities
To find +EV bets is extremely difficult, there is two ways: Comparing odds to a betting exchange or using the widsom of the crowd method which requires sophisticated software.
At WagerWise, we use the widsom of the crowd method to idenfify +EV bets for our users.
We idenfify thousands of bets everyday to make it super simple for you to make money
Join and begin making risk free profit today!