If a bookmaker were to set the true odds of a coin flip, then this would be a simple case of 50/50 for heads or tails. We want to find odds that seem inflated based on the probability of that result coming in.īetting odds are all probabilities of that result happening. When we talk about EV, we’re essentially trying to find value in betting odds originally set out by online sportsbook traders. What is Expected Value (EV) in Sports Betting? We’ve also included real-world examples using betting markets to show how vigorish plays a key role in spotting EV. In this article, we’re going to look at how EV betting works, what does EV mean in betting, how to find EV, and then how to apply it to all your bets.
It allows them to measure the probability difference between how they think a game or race will develop and how a sportsbook will. Expected Value (EV) is one of the strongest strategies a bettor can apply when it comes to sports betting.
