Expected value and how to calculate it in sports betting
How much value in your bets? Still don’t know how to find value? Let’s calculate the expected value of the bet and find out how much it can help your betting in the long run. Read on.
Many of you find the term «Expected value» quite sophisticated. However, let us show you a simple example, which will make everything much clear. Using the good old coin flip, assume that you bet only on heads staking a tenner every time and getting back £11 whenever you get it right. That would give you an expected value of 0.5, meaning if you continue wagering the same way over & over again, you can expect a win of £0.50 per each bet of £10 (on average). Still got questions? Continue reading here.
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