We give real-time recs, safest betting strategy you make bets. Utilizing the same instance above, if you presume -130 is the correct probabilities for the Eagles to win and the opposite side has chances of +110, we can calculate the Consensus No Vig Chances"-- aka the price that sportsbooks would certainly provide if they weren't taking a cut.

While +EV bets won't constantly win, they need to mathematically profit in the long run if you constantly bet them. To really recognize positive EV wagering, you first should recognize suggested chance. In this situation, your anticipated value is 50% as you'll win $1.50 ($2 x 0.75 + $0 x 0.25) gradually.

Indicated chance is the chance that a bet will win based upon the probabilities from the sportsbook. If practically every sportsbook has the Philly Eagles to win at -130 odds but one sportsbook has them at -105, we think that -130 is the proper price, indicating there's worth at -105.

For instance, on a typical 2-way bet with both sides having -110 chances, your expected value 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 possible to discover Return of investments varying from 1% to 10%+ fairly often.