We provide real-time recs, you make bets. Using the very same instance above, if you assume -130 is the appropriate probabilities for the Eagles to win and the other side has probabilities of +110, we can calculate the Agreement No Vig Probabilities"-- aka the price that sportsbooks would provide if they weren't taking a cut.

While +EV wagers won't constantly win, they ought to mathematically profit in the long run if you regularly wager them. To genuinely understand favorable EV wagering, you first need to understand suggested chance. In this situation, your expected value is 50% as you'll win $1.50 ($2 x 0.75 + $0 x 0.25) over time.

Implied possibility which is the best betting strategy the chance that a bet will win based upon the odds from the sportsbook. If almost every sportsbook has the Philly Eagles to win at -130 chances however one sportsbook has them at -105, we think that -130 is the correct cost, implying there's worth at -105.

As an example, on a conventional 2-way wager with both sides having -110 probabilities, your anticipated value is -4.55% or a loss of $4.55 on a $100 wager. While you will not usually find 50% ROI bank on on-line sportsbooks, it's possible to locate Return of investments varying from 1% to 10%+ rather regularly.