## What is the value of bet?

Betting value **represents itself when the odds available are not a true reflection of the probability of the outcome occurring** – learn how to convert odds to their implied probability. Let’s use a coin toss to explain what betting value is and how to calculate the expected value of a bet.

## What is the expected value of a bet?

Expected value is a predicted value of a variable, calculated as the sum of all possible values each multiplied by the probability of its occurrence. In betting, the expected value (EV) is **the measure of what a bettor can expect to win or lose per bet placed on the same odds time and time again**.

## How do you value a football bet?

In general, the value of a **bet equals its probability multiplied by its decimal odds minus one**. If the value after this calculation is greater than zero, then you have a value bet. A simple example – the standard coin toss has a 50% chance of landing on a particular side.

## What are true odds?

When you hear someone use the term “true odds” they are referring to **the actual odds of something happening as** opposed to what a linemaker or sportsbook would offer. The “true odds” are a better indication of the actual probability of something happening.

## How do you calculate expected winnings?

The calculation of the mathematical expected value is to **multiply the probability of winning by the bet multiplier** (in case of winning). Expected value is generally calculated for a bet of 1 unit. Multiply the probability to win by the bet value to know the expected gain.

## How do you calculate odds?

The answer is the total number of outcomes. Probability can be expressed as 9/30 = 3/10 = 30% – the number of favorable outcomes over the number of total possible outcomes. A simple formula for calculating odds from probability is O = P / (1 – P). A formula for calculating probability from odds is **P = O / (O + 1)**.

## Do value bets work?

The only way to beat them consistently is to find value bets. Value bets occur **when the probability of a bet winning is greater than the probability reflected in the odds that a bookie provides**. You can find these bets on sporita.com and earn up to 30% ROI on you monthly bets.

## How do you make your own football odds?

To get the percentage chance we **divide each team’s individual score by the 30 matches**. To get Fulham’s percentage you divide 14 by 30 = 46.66%. To get the Draw percentage you divide 10 by 30 = 33.33%. To get Aston Villa’s percentage you divide 6 by 30 = 20.00%.

## How do you bet units?

**One unit is usually equal to one percent of a bankroll**, though it’s not the same for everyone. For example, if your bankroll is $1,000, one unit would be $10 or 1%. In this situation, if someone puts three units on a bet, it would be a $30 bet.