Favorable EV Betting

We give real-time recs, you make bets. Using the very same instance over, if you assume -130 is the proper chances for the Eagles to win and the other side has probabilities of +110, we can compute the Consensus No Vig Probabilities"-- also known as the cost that sportsbooks would offer if they weren't taking a cut.

While +positive EV betting tool bets will not constantly win, they should mathematically make a profit in the long run if you consistently wager them. To genuinely understand favorable EV wagering, you first should recognize suggested chance. In this case, your anticipated worth is 50% as you'll win $1.50 ($2 x 0.75 + $0 x 0.25) over time.

Suggested probability is the chance that a wager will win based upon the chances from the sportsbook. If nearly every sportsbook has the Philadelphia Eagles to win at -130 probabilities yet one sportsbook has them at -105, we presume that -130 is the correct rate, suggesting there's value at -105.

For instance, on a standard 2-way bet with both sides having -110 odds, your expected worth is -4.55% or a loss of $4.55 on a $100 wager. While you won't commonly find 50% ROI bank on online sportsbooks, it's possible to locate Return of investments ranging from 1% to 10%+ rather regularly.