Sports Betting EV Calculator | Quickly Calculate Expected Values!

Ever wondered if predicting your betting success is possible? This guide will tell you everything you need to know about using an EV calculator for sports betting. The expected value calculator provides you more information about the value of a sportsbook so you can adjust your strategy and profits.

Let’s take a look at the benefits of an EV calculator.

Key Takeaways

Find out the steps to follow to calculate expected values and maximize your betting winnings.
Learn all the perks of EV in betting and the importance of the calculator.

What Are the Benefits of Using an EV Calculator in Sports Betting?

An EV, or Expected Value calculator in sports betting offers several key benefits. Firstly, it’s a great tool for anyone serious about getting better at sports betting as it shows you the potential return of a bet based on its chances of winning, giving you the ability to make well-informed wagering choices.

Other key benefits of a sports betting EV calculator:

Finding Value Bets: An EV calculator helps you find bets where the payout is better than the chances of winning, leading to more profit over time.
Managing Money: By knowing the expected value of bets, you can manage your betting money better and avoid risking too much on bad odds.
Comparing Odds: EV calculators let you compare different sportsbooks to find the best odds.

Personally, using an EV sports betting calculator has significantly improved my ability to identify profitable betting opportunities, and therefore transformed me from a casual bettor to a more strategic player.

How Do I Use The Expected Value Calculator in Sports Betting?

A positive EV sports betting calculator is a valuable tool for determining the potential profitability of a bet.

To use it effectively, you’ll need three key pieces of information:

Probability of Winning: This is your estimated chance of the bet winning.
Potential Profit: The amount you stand to win if the bet is successful.
Bet Amount: The amount you’re wagering on the bet.

Here’s what you need to do:

Enter Bet Amount: Type in the amount you plan to wager.
Enter Odds: Type in the odds for the bet. Make sure to choose the correct format (decimal, fractional, or moneyline).
Enter Win Probability: Type in the chance of your bet winning. This is usually a percentage.

Example: When I bet $100 on a team with odds of +200 and I think they have a 40% chance of winning, I type in these numbers. The calculator shows me the expected value of my bet, helping me decide if it’s a good bet.

Using EV Calculator: A Pro Bettor’s Experience

After having learned the benefits of an expected value calculator, I use it often with my sports bets. One time, during the NBA playoffs, I was looking at a game between the Los Angeles Lakers and the Golden State Warriors. The Lakers had odds of +150, and I thought they had a 45% chance of winning.

I wanted to bet $200 on the Lakers, so I put these numbers into the EV calculator: $200 for the bet amount, +150 for the odds, and 45% for the chance of winning. The calculator showed me the expected value of my bet and confirmed it was a good bet. I decided to go for it because the potential payout was worth the risk.

The game was exciting, the Lakers won, and my NBA betting venture was successful. I made $300 from my bet.

Using the EV calculator helped me feel more confident about my choice. It turned a risky bet into a smart one, and it’s now a key part of my betting strategy.

Interested In Other Betting Calculators? Check Out Our Collection!

Interested in trying out the expected value calculator for sports betting? Feel free to check out our collection of betting tools to improve your overall chances of success. We have a range of easy-to-use tools that can help you make smarter bets and take your sports betting sessions to the next level.