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Positive Expected Value
sports bettingA bet has a positive expected value (+EV) when the probability of it winning is greater than the odds offered by the sportsbook imply. Consistently making +EV bets is a key strategy for long-term profitability in sports betting.
Key Takeaways
- 1A bet has a positive expected value (+EV) when the probability of it winning is greater than the odd
Positive Expected Value
A bet has a positive expected value (+EV) when the probability of it winning is greater than the odds offered by the sportsbook imply. Consistently making +EV bets is a key strategy for long-term profitability in sports betting.
Example
If a coin toss pays even money (+100), but you have information that the coin is biased and has a 55% chance of landing on heads, betting on heads would be a +EV bet.