Use this EV betting calculator to effortlessly determine the expected value of your bets.

**How to use the EV Betting Calculator:**

To use the Expected Value (EV) Betting Calculator, follow these steps:

- Enter your Bet Size: This is the amount of money you are wagering on the bet.
- Enter the Odds: The decimal odds of the bet.
- Enter the Win Probability: The percentage chance that your bet will win. This should be a value between 0 and 100.
- Click on the “Calculate” button to determine the expected value of your bet.

**Understanding the Calculation:**

The EV Betting Calculator determines the expected value using the following formula:

`EV = (Win Probability * (Odds * Bet Size) - (Loss Probability * Bet Size)) / 100`

Where:

**Win Probability**is the chance of winning, expressed as a percentage.**Loss Probability**is simply 100% minus the Win Probability.**Odds**are the decimal odds representing the potential return on your bet.**Bet Size**is the amount of money bet.

A positive EV indicates a potentially profitable bet, while a negative EV suggests a likely loss over time.

**Limitations:**

- This calculator assumes that you can accurately estimate the win probability, which can be subjective and influenced by many factors.
- The calculator does not account for changing odds, vigorish, or other potential changes in betting scenarios.

## Use Cases for This Calculator

### Calculating Expected Value (EV) for Betting

To calculate the Expected Value (EV) for a bet, input the probability of winning, the potential payout, and the cost of the bet. The calculator will output the expected value, helping you determine if the bet is worth taking.

### Assessing Risk-Reward Ratio

By using the EV calculator, you can easily evaluate the risk-reward ratio of a bet. Simply compare the expected value to the cost of the bet to make an informed decision on whether the potential payout justifies the risk.

### Comparing Different Betting Options

You can enter the parameters of multiple betting options into the EV calculator to compare their expected values. This way, you can identify which bet offers the best value and make strategic decisions based on calculated probabilities.

### Optimizing Betting Strategies

With the EV calculator, you can test different betting strategies by adjusting the input values. Experiment with various win probabilities and payout amounts to find the most profitable approach, helping you maximize your potential returns.

### Managing Bankroll Effectively

Calculate the EV of your bets to manage your bankroll effectively. Knowing the expected value of each bet allows you to allocate your funds wisely, ensuring that you make sound betting decisions based on statistical analysis.

### Evaluating Long-Term Profitability

Use the EV calculator to assess the long-term profitability of your betting endeavors. By consistently making high-EV bets, you can increase your chances of generating consistent profits over time, making your betting strategy more sustainable.

### Setting Realistic Betting Goals

Set realistic betting goals by analyzing the expected value of your bets. The EV calculator helps you understand the potential outcomes of your bets, enabling you to set achievable targets based on data-driven insights.

### Improving Decision-Making Skills

Enhance your decision-making skills with the EV calculator by making informed choices based on calculated probabilities. By understanding the expected value of each bet, you can make strategic decisions that increase your chances of success in the long run.

### Enhancing Betting Confidence

Boost your confidence in your betting decisions by using the EV calculator to analyze the potential value of each bet. Knowing the expected value empowers you to make confident choices, leading to a more positive and strategic approach to betting.

### Measuring Overall Betting Performance

Track and measure your overall betting performance by calculating the EV of your bets. By monitoring the expected value of your wagering activities, you can evaluate your success rate, identify areas for improvement, and make data-driven adjustments to your strategy.