Ever wondered how to make use of EV betting calculators? The good news is that there’s no need to spend an age trying to figure out the ins-and-outs on your own. PromoGuy has all the tools and betting picks you could possibly you need!
Having to calculate the expected value of bets doesn’t have to come down to you using pen and paper. The latest EV betting calculator online will do the perfect job for you. Our latest guide will tell you everything you need to know about how to use an EV betting calculator.
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|December 2021||175 Picks||66 Wins||37.70 Win %||428.36 Monthly Net||17380.32 YTD Net|
|January 2022||195 Picks||83 Wins||42.56 Win %||2,716.10 Monthly Net||2716.10 YTD Net|
|February 2022||162 Picks||68 Wins||41.98 Win %||840.35 Monthly Net||3556.46 YTD Net|
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Once you understand how EV sports betting works, it’s quite possible you will want to use this technique when betting online. Getting to know what the expected value is of bets will help you identify which bets are of value to you. However, the actual calculation of expected value may seem somewhat complex. By using an EV betting calculator, you can accurately assess the expected value of bets that you can anticipate to receive over a longer time-frame.
The reason you would want to calculate the expected value is so that you can quickly find where sportsbooks have made a ‘misstep’ and in doing so, be able to take advantage of value bets online. If you can find out which sportsbooks are offering decent betting opportunities, you stand to increase your potential returns in contrast to using a sportsbook where the odds are priced to precision.
Let’s assume that you love to bet on MLS. The New York Red Bulls are up against Los Angeles FC. LA are favored to win and have odds of -180. By using an EV betting calculator, you can assess whether the implied probability of LA winnings matches the odds on offer. The calculation for this is as follows:
180 / (180 +100) x 100 = 64.29%
It’s clear that the implied probability of them winning is above 50% so they are clear favorites. However, if LA has been bolstered by the return of Carlos Vela, you might think they are pretty much guaranteed to win. Your expectation is that they have a 90% chance of winning. You have thus found a great value bet which provides you with more value than you would have found elsewhere.
What about the New York Red Bulls? You can also assess whether, by betting on the Red Bulls, you might also be making use of a value bet. The odds on them to win is priced at +280.
100 / (280 + 100) x 100 = 26.32%
If you feel that the Red Bulls only have a 20% chance of winning, then you have not found a value bet. However, you might have a change of heart after reviewing their recent past performances. If you feel they have a 33.3% chance of pulling off an upset, then you have found yet another value bet!
You might still be wondering, “Is value betting profitable?” The entire betting technique of identifying where a sportsbook has got their odds slightly off mark can be profitable. However, simply glancing at the latest odds and going with your gut feeling doesn’t provide you with an exact outline of whether your expectations are right. It is for this reason that EV betting calculators are an extremely useful tool.
It is possible, with the use of an EV betting calculator, to actually assess what the implied probability of an outcome is in the form of a percentage (as proven in our example above). Having a tangible percentage number relevant to the implied probability provides you with a much better reference point. It becomes that much easier then assessing which odds have been priced to the nth degree and which odds offer you the chance to capitalize on.
At the end of the day, if you can calculate the implied probability of an outcome using an EV betting calculator, you’re left with a more concrete conclusion. If your own expected value is more than what the implied probability is of a bet, then you have identified a value bet. Using your EV calculator streamlines this process and ensures that you don’t miss out.
It’s important that you know exactly how to go about calculating expected value sports betting options. Now that you are equipped with this knowledge, we have included several tips for your convenience.
Betting calculators, such as the expected value betting calculator, are intuitive tools whereby you can assess various aspects of online bets. Using an EV betting calculator is a great way to quickly assess which bets provide you with decent value. As is the case with all modern technology, you can expect these online tools to continue to improve in robustness and ease-of-use.
We hope that you have found ‘value’ in our guide. Our experts have tailored a number of insightful guides which will help you formulate, and adopt, new betting techniques. All of which will help you become a more knowledgeable online bettor.
An EV betting calculator allows you to calculate the expected value given certain parameters. We suggest that you take the time to find out exactly how these calculators work so that you can make the most of the latest betting markets and odds online in the US.
It’s important that you know where to find a quality online EV betting calculator. If you don’t, then knowing how to use one will all be for nothing. Fortunately, our latest guide is here to provide you with all the necessary information that you require. We leave no stone unturned and aim to improve your betting knowledge and skills in all departments.
If you don’t take the time to understand how to use a betting calculator, you will find it difficult to calculate the expected value. However, it needn’t be an arduous task. All you need to do is read our latest guide. We’ll be sure to provide you with an in-depth outline of how you can go about making the most of this online tool. At the end of the day, you’ll be better placed to make the most of your online betting activities.
You will come to find that there are various sites where you can make use of an EV betting calculator. However, certain sites have created more responsive and easy-to-use calculators than others. Plus, you shouldn’t have to pay to use these tools. We recommend that you read our latest guide to find out more.
The more you look into things, the more you will realize that there are a number of different betting calculators. One of these calculators is an EV betting calculator. As you will come to find in our latest guide, it’s a useful tool which provides you with many insights. We recommend that you read our latest guide here at CaptainGambling.com to find out more about an expected value betting calculator and how to use it.
Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.
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