12/12/2023 0 Comments What does ev mean in gamblingStaking methods refer to how punters manage their bankroll and determine the optimal bet on each +EV bet. Staking Methods in Expected Value BettingĪnother important factor to consider after calculating EV in sports betting and locating the best +EV bets is the staking method. With a 2.5 EV, there is an advantage to betting on the head outcome, as you will get $2.5 on average on every $10 bet over the long run. For example, if a sportsbook offers 2.5 odds ($15 profit on every $10 bet) on the heads outcome of a coin toss, the Expected Value (EV) becomes: However, if the odds of a coin toss deviate from the actual probability, you will get either a positive or negative expected value. If the expected Value here is calculated, you should get zero. It means that there is no advantage to either outcome. Assuming the coin and toss are fair, the probability of each outcome (heads or tail) in a coin toss is 50/50. You need to follow the EV formula:Įxpected Value = (Probability of Winning x Amount to be won per bet) – (Probability of Losing x Amount to be lost per bet)Ī simple way to understand how to calculate EV is by thinking of a coin toss. How Do You Calculate the Expected Value (+EV)Ĭalculating the Expected Value of a bet is fairly simple.
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