📊 Expected Value Calculator

Determine if your bet has positive or negative expected value

EV Calculator
Enter your betting details below
Expected Value
$0.00
✅ Positive EV - Good bet!
How to Use This EV Calculator

The Expected Value (EV) calculator helps you determine whether a bet has positive or negative expected value over the long term.

📋 Inputs Required:

  • Wager:The amount you plan to bet
  • Odds:The sportsbook odds (use + for underdogs, - for favorites)
  • Win Probability:Your estimated chance of winning (as a percentage)

🧮 Formula Used:

EV = (Win Probability × Profit if Win) - (Loss Probability × Wager)

💡 Example:

A $100 bet on +110 odds with a 60% win probability gives you an EV of +$5.45, meaning you can expect to profit $5.45 on average per bet over many similar wagers.

✅ Positive EV
Good bet (profitable long-term)
❌ Negative EV
Bad bet (losing long-term)
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