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Expected Value

  • What is expected value and why is it important for sports bettors?
  • Expected value is a great way to measure whether a bet is potentially profitable. It does this by using a simple decision matrix that weighs up the upside and downside of two options. In fact it was so useful, one mathematician used Expected Value (EV) to guarantee multiple lottery jackpot wins. However, despite its usefulness many sports bettors are unaware of this formula. So tod... ››› more
  • [04 July 2019]

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