Expected Value Calculator
Calculate the expected value of a bet to determine if it has positive value.
Calculators
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How to Use This Tool
What is Expected Value (EV)?
Expected Value (EV) is a mathematical concept that helps bettors determine whether a bet offers positive value over the long run. A positive EV indicates that a bet is profitable over time, while a negative EV suggests the opposite.
How to Use This Calculator
1. Enter the odds
Input the odds offered by the bookmaker for your bet.
2. Enter your probability
Input your estimated probability of the bet winning.
3. Calculate and analyze
The calculator will show the expected value and whether the bet offers positive value.