We give real-time recs, you make bets. Utilizing the same instance above, if you presume -130 is the correct odds for the Eagles to win and the opposite has probabilities of +110, we can compute the Agreement No Vig Probabilities"-- aka the price that sportsbooks would offer if they weren't taking a cut.

While +EV bets will not always win, they need to mathematically make a profit in the future if you constantly bet them. To absolutely understand favorable EV betting, you first should understand implied likelihood. In this situation, your anticipated value is negative or positive better for betting 50% as you'll win $1.50 ($2 x 0.75 + $0 x 0.25) gradually.

Implied probability is the possibility that a bet will win based on the chances from the sportsbook. If nearly every sportsbook has the Philadelphia Eagles to win at -130 chances but one sportsbook has them at -105, we assume that -130 is the proper price, implying there's value at -105.

For example, on a common 2-way wager with both sides having -110 probabilities, your expected worth is -4.55% or a loss of $4.55 on a $100 bet. While you won't typically find 50% ROI bank on online sportsbooks, it's feasible to find ROIs varying from 1% to 10%+ rather frequently.